Japan Gold Continues to Drill High Grade Intercepts at Ryuo and Expands the Prospect Area

Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) ("Japan Gold" or the "Company") is pleased to announce results from seven additional drill holes at the Ryuo Prospect. Drilling has continued to encounter high-grade veins along the Ryuo alteration corridor, and interpretation of drill core has significantly advanced the understanding of controls on mineralization at the prospect. The Ryuo prospect is located within the Company's 100% owned Ikutahara Project in Hokkaido, (Figure 1).

Summary of High-Grade Intercepts, (Figures 2-5 and Table 1):

IKDD22-005 has proven continuity of the Shouei vein 100 m to the southwest of the historical workings with the following high-grade zone from within a broader mineralized vein structure:

0.75 m @ 22.5 g/t Au & 41.3 g/t Ag from 276.0 m

IKDD22-002: proved continuity of mineralization 50 m below the 2021 drill intercept from IKDD21-010 which intersected 20.0 m @ 6.3 g/t Au & 15.7 g/t Ag, giving the following significant interval:

0.4 m @ 19. 0 g/t Au & 15.7 Ag from 280.95 m

(Incl. 0.2 m @ 34.6 g/t Au & 25.0 g/t Ag from 280.95 m)

IKDD22-007: targeted mineralization below IKDD21-008 which intersected the ultra-high-grade interval of 0.45 m @ 1,395 g/t Au & 768 g/t Ag. From approximately 200 m down hole IKDD22-007 encountered highly silicified and altered hydrothermally brecciated rhyolite cut by numerous banded quartz veins. The drill hole stopped in mineralization well short of its target depth under difficult drilling conditions and due to a temporary expiry of a local forestry permit, with the following significant intervals:

1.1m @ 2.9 g/t Au & 11.7 g/t Ag from 266.8 m

(incl. 0.35 m @ 7.0 g/t Au @ 22.1 g/t Ag from 267.25 m

0.4 m @ 12.8 g/t Au & 35.3 g/t Ag from 288.4 m

(incl. 0.2 m @ 23.7 g/t Au & 74.7 g/t Ag from 288.6 m)

Andrew Rowe, Vice President Exploration stated, "We are very encouraged by the recent findings at the Ryuo prospect. The combination of multiple high-grade vein structures with high-level vein textures and a well-preserved alteration system supports deeper drilling, particularly along strike to the southwest of the prospect. We look forward to completing another round of drill holes to test these concepts before the end of this year."

Summary of Findings at Ryuo and the Implications for Ongoing Exploration:

The 2022 drill program has significantly advanced the understanding of geological controls and alteration zonation with respect to high-grade mineralization at Ryuo. Importantly, high-grade gold events have been identified along the length of the prospect in multiple parallel vein zones, and alteration studies prove the system is well preserved.

IKDD22-005 has proven an extension of the Shouei vein mineralization 100 m to the southwest. Further step out drilling is required to confirm strike continuity to depth below veining intersected in the top of drill hole IKDD21-005, and towards the open high-grade mineralization intersected 400 m to the southwest in drill holes IKDD21-008 and IKDD22-007, (Figure 2 & 3).

IKDD22-007 targeting the depth extension of the ultra high-grade vein in IKDD21-008 (0.45 m @ 1,395 g/t Au & 768 g/t Ag) terminated more than 100 m before target depth under difficult drilling conditions and due to a temporary expiry of a local forestry permit. From 200 m down-hole, intensely altered and hydrothermally brecciated rhyolite was drilled to the bottom of the hole at 289.4 m. Numerous banded quartz veins cut the brecciated rhyolite carrying anomalous gold along its length, with higher grade intervals including the 40 cm vein from the bottom of the hole which gave 12.8 g/t Au & 35.5 g/t Ag with a high-grade included interval of 23.7g/t Au & 64.7 g/t Ag (Figure 4). This breccia zone was unexpected and appears to be part of a significant, partially tested mineralized structure which subsequent drilling will target as a priority.

Hydrothermal alteration of the host rocks in low-sulphidation epithermal vein systems create a distinct zonal arrangement of clay minerals. Smectite dominant assemblages form above and peripheral to quartz veining, while a mixed-layer (illite-smectite) assemblage forms in the upper parts of the gold-bearing vein zone, this progresses downward into a chlorite-illite dominant assemblage which coincides with the boiling-zone where high-grade gold deposition occurs. This association of clay zonation and gold mineralization has been well documented in literature, including at the Hishikari mine in Kyushu².

The upper part of this zonal arrangement of clay alteration has been interpreted from spectral analysis of drill core along the length of the Ryuo prospect. A smectite dominant zone is defined above and adjacent to higher grade veins, and a mixed-layer zone is interpreted from an illite+smectite dominant assemblage, associated with most of the high-grade veining seen to date, (Figures 3 & 4). The deeper chlorite-illite assemblage has not yet been recognized at Ryuo indicating the epithermal system is preserved and that the main high-grade boiling zone lies at depth. Additionally, the smectite / mixed-layer interface at Ryuo deepens or plunges to the southwest of the prospect. Similarly, the top of the rhyolite dome complex also lies deeper in the southwest of the alteration corridor, (Figure 4). Ongoing drilling will focus on targeting the deeper portions of the Ryuo hydrothermal system for high-grade mineralization associated with in the chlorite-illite zone.

Ryuo Prospect

The Ryuo Prospect consists of five areas of workings; Jinja, Shouei, Taisei, Ryuei and Buryu that were developed along a 1.2 km long, open ended trend of alteration and mineralization prior to the government-imposed closure in 1943 (Figure 2). Historical underground sampling in the Jinja vein workings revealed high-grade gold-silver mineralization including 'level 4' of the workings, which was sampled along a 72 m strike length giving an average grade of 40.8 g/t Au and 193 g/t Ag, with an average vein width approximately 0.5 m. Figure 3 illustrates a long-section of the Jinja vein workings with the underground sampling reported by the Metal Mining Agency of Japan (MMAJ)¹.

New Accepted Prospecting Rights Applications at the Ikutahara Project

Eleven new prospecting rights were lodged to cover prospective Miocene volcanics immediately to the north and west of the Ryuo prospect to ensure coverage of potential strike and parallel extension to the Ryuo mineralization. The new applications comprising a total of 2,567 hectares have now been accepted by the Ministry of Economy Trade and Industry (METI) Hokkaido, (Figure 1).

Table 1: Significant Mineralized Intercepts for IKDD22-001 to IKDD22-007

Drill Hole Number	From (m)	To (m)	Length (m)	Au (g/t)	Ag (g/t)
IKDD22-001	161.35	161.50	0.15	2.6	22.3
	193.70	194.15	0.45	4.0	14.6
incl.	193.70	193.95	0.25	6.6	18.0
	360.80	361.15	0.35	1.2	1.3
	390.00	390.25	0.25	4.2	10.0
IKDD22-002	164.50	164.60	0.10	4.3	2.4
	233.65	233.80	0.15	13.1	8.4
	280.95	281.35	0.40	19.0	15.7
incl.	280.95	281.15	0.20	34.6	25.0
IKDD22-003	198.45	199.35	0.90	1.1	1.2
IKDD22-004	No Significant Intersections
IKDD22-005	276.00	276.75	0.75	22.50	41.30
IKDD22-006	253.55	253.90	0.35	2.10	6.10
	309.20	309.40	0.20	1.50	1.40
IKDD22-007	245.45	245.65	0.20	4.60	7.40
	266.80	267.90	1.10	2.90	11.70
incl.	266.95	267.60	0.65	4.50	14.70
incl.	267.25	267.60	0.35	7.00	22.10
	285.60	286.40	0.80	2.50	19.40
incl.	286.00	286.25	0.25	4.40	24.10
	288.40	288.80	0.40	12.80	35.30
incl.	288.60	288.80	0.20	23.70	64.70

Table 2: Ryuo Prospect Drill Hole Data

Drill Hole Number	Location	Easting	Northing	RL	Azimuth	Dip	Length
IKDD22-001	Buryu	700306.89	4872705.56	214.00	295	-40	683.00
IKDD22-002	Jinja	700367.00	4873243.00	199.00	0	-35	358.50
IKDD22-003	Shouei	700396.00	4873412.00	192.00	143	-50	307.30
IKDD22-004	Jinja	700367.00	4873243.00	199.00	350	-35	336.00
IKDD22-005	Taisei	700396.00	4873412.00	192.00	160	-41	418.80
IKDD22-006	Jinja	700367.00	4873243.00	199.00	13	-40	495.00
IKDD22-007	Ryuei	700307.31	4872792.21	216.00	325	-40	289.40
TOTAL							2,888.00

Reference

¹Metal Mining Agency of Japan, March 1990, Geological Survey Report for Fiscal Year 1989, Northern Hokkaido Area B-Metalliferous Deposits Overview.

² Eiji Izawa et.al. 1990. The Hishikari Gold Deposit: high-grade epithermal veins in Quaternary volcanics of southern Kyushu Japan. Journal of Geochemical Exploration, 36 (1990) pp 1-56

On behalf of the Board of Japan Gold Corp.

"John Proust"

Chairman & CEO

Qualified Person

The technical information in this news release has been reviewed and approved by Japan Gold Vice President of Exploration and Country Manager, Andrew Rowe, BAppSc, FAusIMM, FSEG, who is a Qualified Person as defined by National Instrument 43-101.

Sampling Techniques and Assaying

The drilling results discussed in this news release are from drill core samples obtained by PQ, HQ and NQ-size triple-tube diamond core drilling using a PMC700 and PMC-400 man-portable drill rigs owned and operated by the Company. The drilling program was fully supervised by Company senior geologists at the drilling site.

Drill core was collected in plastic core-trays at the drill site and transported by road in Company vehicles to its core shed storage facility in the nearby Ikutahara Village, located centrally within the project area. The drill core was carefully logged, photographed and sample intervals marked-up along predicted mineralized and selected unmineralized intervals by Japan Gold KK senior project geologists and VP Exploration.

Sample lengths varied from 0.15 to 1.0 m; depending on the positions of geological contacts and variations in vein texture and composition. The core was split by diamond rock saw supervised by project geologists. Half-core sample was collected from the entire length of each designated sample interval and placed into individual-labelled, self-sealing calico bags for secure packaging and transport to the laboratory. The half-core samples weighed between 0.25 to 5 kg depending on the sample length and core size. A Chain-of-Custody was established between the Company and receiving laboratory to ensure the integrity of the samples during transportation from site to the lab. The samples were sent in batches to ALS Laboratories in Vancouver, Canada for sample preparation and assaying.

Samples were crushed, pulverised and assayed for gold 50 g charge Fire Assay/ AAS Finish (Au-AA24; 0.005 ppm lower detection limit) and a 48 multi-element by 4-acid digest with ICP-MS determination (ME-MS61L; Ag 0.002 ppm lower detection limit). Over-limit Au and Ag samples were re-assayed by fire-assay and gravimetric finish (GRA-22, LDL of 0.5 and 5 ppm for Au and Ag respectively).

Certified Reference Materials (CRMs) were inserted by Japan Gold KK at every 20th sample to assess repeatability and assaying precision of the laboratory. In addition, the laboratory applied its own internal Quality Control procedure that includes sample duplicates, blanks & geochemical standards. They report these results with the certified Assay Report. Laboratory procedures and QAQC protocols adopted are considered appropriate. The CRMs and internal QC-QA results fall within acceptable levels of accuracy & precision and are considered to lack any bias.

Note on spectral analysis for identification of clay assemblages from drill core: ALS laboratories provides a spectral analysis of coarse sample material using TerraSpec® 4 HR and aiSIRIS™ expert spectral interpretation. Mineral assemblages are provided related to project geology. Spectral analysis used herein is interpretive for mixed layer species and used as a guide, more definitive XRD (X-Ray Diffraction) analysis are currently being undertaken to accurately identify clay species and subsequent alteration zonation for more accurate interpretations.

About Japan Gold Corp.

Japan Gold Corp. is a Canadian mineral exploration company focused solely on gold exploration across the three largest islands of Japan: Hokkaido, Honshu and Kyushu. The Company has a country-wide alliance with Barrick Gold Corporation to jointly explore, develop and mine certain gold mineral properties and mining projects. The Company holds a portfolio of 31 gold projects which cover areas with known gold occurrences, a history of mining and are prospective for high-grade epithermal gold mineralization. Japan Gold's leadership team represent decades of resource industry and business experience, and the Company has an operational team of geologists, drillers and technical advisors with experience exploring and operating in Japan. More information is available at www.japangold.com or by email at info@japangold.com

For further information please contact:

John Proust
Chairman & CEO
Phone: 778-725-1491
Email: jproust@japangold.com
Website: www.japangold.com

Cautionary Note

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking statements relating to expected or anticipated future events and anticipated results related to future partnerships and the Company's 2022 gold exploration program. These statements are forward-looking in nature and, as a result, are subject to certain risks and uncertainties that include, but are not limited to, general economic, market and business conditions; competition for qualified staff; the regulatory process and actions; technical issues; new legislation; potential delays or changes in plans; working in a new political jurisdiction; results of exploration; the timing and granting of prospecting rights; the Company's ability to execute and implement future plans, arrange or conclude a joint-venture or partnership; and the occurrence of unexpected events. Actual results achieved may differ from the information provided herein and, consequently, readers are advised not to place undue reliance on forward-looking information. The forward-looking information contained herein speaks only as of the date of this News Release. The Company disclaims any intention or obligation to update or revise forward‐looking information or to explain any material difference between such and subsequent actual events, except as required by applicable laws.

Figure 1: Ikutahara Project, new and existing prospecting rights and applications on simplified geology with historical mines and workings.

To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/5665/140103_57db67fc442739a5_001full.jpg

Figure 2: Ryuo prospect, alteration map with historical workings and drill holes completed to date.

To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/5665/140103_57db67fc442739a5_002full.jpg

Figure 3: Ryuo Prospect, Jinja & Shouei veins cross section with geology, interpreted alteration and all significant drill intersections to date.

To view an enhanced version of Figure 3, please visit:
https://images.newsfilecorp.com/files/5665/140103_57db67fc442739a5_003full.jpg

Figure 4: Ryuo prospect, Ryuei vein cross section with geology, interpreted alteration and all significant drill intersections to date.

To view an enhanced version of Figure 4, please visit:
https://images.newsfilecorp.com/files/5665/140103_57db67fc442739a5_004full.jpg

Figure 5: Ryuo prospect long section with geology, interpreted alteration and drill hole pierce points and significant intersections.

To view an enhanced version of Figure 5, please visit:
https://images.newsfilecorp.com/files/5665/140103_57db67fc442739a5_005full.jpg

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/140103

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Japan Gold Announces 2022 Annual General Meeting and Investors Webinar

Japan Gold Corp. (TSXV: JG) (OTCQB: JGLDF) ("Japan Gold" or the "Company") will hold its Annual General Meeting ("AGM") virtually on Thursday, October 20, 2022 at 3:00 p.m. (PT) at https:meetnow.globalMXNMPNU. Following the formal portion of the AGM, Management will also discuss the Company's ongoing drilling progress and the selection of 6 projects by Barrick Gold Corporation. The discussion will be followed by a question and answer period.

Registered Shareholders and duly appointed proxyholders can attend the AGM online to participate, vote, or submit questions during the AGM's live webcast. In order to participate online, Registered Shareholders must have a valid 15-digit control number and proxyholders must have received an email from Computershare Trust Company of Canada OR Computershare Investor Services Inc. containing an Invite Code.

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PROSPECT RIDGE RESOURCES CONFIRMS ARRANGEMENTS RELATING TO ANNUAL GENERAL MEETING

Prospect Ridge Resources Corp. (the " Company " or " Prospect Ridge ") (CSE: PRR) (OTC: PRRSF) (FRA: OED) wishes to update shareholders on the impact of the strike by the Canadian Union of Postal Workers on the Company's ability to comply with its obligations to deliver to shareholders its financial statements and related disclosure and proxy-related materials in respect of the Company's Annual General Meeting (the " Meeting ") of shareholders scheduled to be held on Friday, December 13, 2024 at 11:00 AM (Pacific Time) at Suite 430, 605 Robson Street, Vancouver, British Columbia .

As a result of the strike, and pursuant to CSA Coordinated Blanket Order 51-931 Temporary Exemption from requirements in National Instrument 51-102 Continuous Disclosure Requirements and National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer to send certain proxy-related materials during a postal strike (the "Blanket Order"), the Company is advising shareholders that:

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Lode Gold: 2024 Year-End Review and 2025 Outlook

Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: SBMIF) ("Lode Gold " or the "Company") is pleased to provide a year-end update.

Dear Investors,

I am excited to update you on our progress since I took over as CEO less than a year ago, just before Christmas in December 2023. With the support of the board, key shareholders, and the dedicated Lode Gold team, we have raised $6M since March 2024 and completed numerous tasks to reorganize the Company. These efforts have positioned us for future success and growth, and I am grateful for the continued support and confidence you have shown in our vision.

Strategy: Create Two Pure Play Companies to Unlock Value and Attract New Investors

Last year, around this time, I met with bankers to discuss how we plan to unlock value by spinning out the Company's assets to create two pure-play companies. This strategy resonated with many as Lode Gold has key assets situated in highly prospective mining regions in Canada and the United States. This initiative immediately creates two $7M companies from one $7M entity, thereby generating accretive value for shareholders.

Focus on Intrinsic Asset Value vs Market Cap: Do some small-cap stocks outperform large-cap investments in the long run?

Clifford Asness, who played a key role in building Goldman Sachs' Global Alpha before founding AQR, and now manages over $33 billion in assets, published a whitepaper that challenged the Efficient Market Theory. It stipulated that value may be factored into price with large-cap companies, but it may not be the case with small-cap stocks¹. It states that with small or micro-cap stocks, the Less-Efficient-Market Hypothesis often holds. Why? The market is inherently inefficient due to a fragmented shareholder base and a lack of distribution, awareness and liquidity. As such, if capital is patient, investing in a small-cap stock may result in a higher return on investment in the long run compared to a large-cap stock.

In the case of Lode Gold, the intrinsic value, verified with a third-party NI 43-101 technical report, has an NPV USD $370M, yet the market cap trades at a fraction of the real value. Notwithstanding, a planned spin-out transaction valued at an additional $7.65M (pre-money value to current Lode Gold shareholders) has already obtained conditional approval.

This is a value proposition, validated by smart money: strategic investors and institutional shareholders; a total of four own approximately 60%. Intrigued by the potential of this undervalued play, I accepted the challenge of leading its turnaround and growth.

Near-Term: Gold Orogen spin out to unlock value for shareholders

The company has three key orogenic assets, with proven gold endowment.

To unlock value for shareholders; immediately we are spinning out the Canadian assets into a new company, Gold Orogen. Each Lode Gold shareholder will get shares of Gold Orogen; via a tax-efficient spin-out.

Additionally, a $3M raise has been completed at Gold Orogen, based on a $7.65M pre-money valuation. The current valuation for Lode Gold, the parent company, is at $7M. We are topping up with an additional $1.5M to ensure a $4.5M investment program for 2025 at Gold Orogen; as such both the assets in Yukon and NB will be drilled in the upcoming exploration season in the new year. Post-money, Gold Orogen will be at $12M+.

A gold asset on the Mother Lode Belt with MRE: 1 (M&I) + 2 (Inferred) Moz Au and a 2023 PEA: USD $370M (NPV 5%) will remain in the parent co, Lode Gold. Lode Gold intends to pursue a high grade underground mine opportunity. This project sits on 100% privately owned patented land where the mining license was suspended in 1942 due to the war effort.

Spin Out Unlocks Shareholder Value: Confirmed gold endowment and RIRGS on Tombstone Belt

The spin-out will result in the formation of two pure-play companies, each focused on specific areas of exploration in Canada and the US.

Company 1: Spin Co - Gold Orogen

Asset 1:

27 km strike, 99.5 km²in Yukon, prolific Tombstone Belt (Snowline, 3 Aces, Sitka Gold)
Total of four Reduced Intrusive Targets (RIRGS)

Asset 2:

New Brunswick: Created one of the largest land packages (420 km²)
Geological analogue to New Found Gold, Galway, Calibre Mining and Puma-Kinross
Confirmed gold endowment

Company 2: Parent - Lode Gold

Lode Gold is the first company to evaluate this project from an underground perspective.

Brownfield, previously mined at 8 g/t in the 1940's.
4 km strike on the 190 km mineralized Mother Lode Belt: 50,000,000 oz produced
100% owned private and patented land: 3,351 acres, Mariposa County
California: 700 permitted mines; 14 gold
Mine suspended in 1942 due to gold prohibition in WWII
Target: 2 Moz underground 5 g/t Au
Typical Orogenic Deposit with Structural Controls
3 Step-Out Holes hit structure (up to 1,200 m)
2 nearby mines were up to 1,800 m deep at 13 g/t
43,000 m drilled with 23 km of underground workings
11% of the veins (2 of 7 deposits) exploited; mostly in the first 250 m
2023 MRE: 1 Moz (M&I) + 2 Moz (Inferred)
2023 PEA at USD $2,000/oz Au: After-tax NPV (5%) USD $370M, 31% IRR, 11 years LOM
Close to road, rail, power, water

Milestones Achieved in 2024:

1. Executed Spin Out Plan

Received conditional acceptance from the TSXV for the spinout transaction

2. Improved Capital Structure

Lode Gold added two additional key institutional and strategic shareholders
For $3M, a 19.9% strategic joint venture partner with strong technical expertise, was added to the new Spin Co
Tight share structure: 10:1 consolidation. About 40.000,000 shares outstanding for both companies

3. Cleaned Up Balance Sheet

Converted a secured debt holder to be the second-largest shareholder
Repaid shareholder working capital loan
Resolved a legacy lawsuit and eliminated a $1.6M liability

4. Enhanced Value of Assets in Yukon, New Brunswick and California

New Brunswick:
- Created one of the largest land packages in the province, potentially a district play
- Completed comprehensive geophysics and soil sampling to define drill targets
Yukon:
- Identified four RIRGS targets for exploration work in 2025
- Confirmed RIRGS at WIN; high bismuth : gold ratio, gold-bearing sheeted quartz veins, hosted in hornfels

California:
- The first to review the project from an underground perspective
- Completed Geological Model: 11% of the veins exploited, in 2 out of 7 deposits. Most extraction in the first 250 m. 3 step-out holes at depth, mineralized and hit structure, a typical orogenic deposit
- Commissioned NI 43-101 to update the 2023 MRE

5. Strengthening the Lode Gold Team

Enhanced bench strength by adding key personnel to the technical and marketing teams, visit our website to view their full bios (lode-gold.com)
Addition of Martin Stratte, Lode Gold's former Director of the Board, to our Advisory Team. He was previously on the permitting team at Castle Mountain, Equinox Gold (2018-2021). The project was acquired for $200 million in 2018, and it was permitted in 2021

Upcoming Catalysts in 2025

Spin Co: Shareholders get shares of a new company
Drilling to investigate 4 RIRGS reduced intrusive targets in Yukon Tombstone Belt, 200 km from Snowline
Drilling in New Brunswick assets upon systematic exploration: geophysics, soil sampling, mapping, geochemistry
California: Revised NI 43-101 Mineral Resource Estimate (updating 2023 MRE and investigating high grade underground potential)
California: Evaluate reactivating a previous mine, where the license was suspended during WWII

Invest in One Company, Get Shares of Two Companies: Optionality on three key assets

Investing in Lode Gold presents an exciting opportunity for shareholders to benefit from an advanced gold exploration project and a forthcoming spinoff with two high-value assets. This strategic move is aimed at unlocking maximum value for investors, who will gain exposure to three highly prospective gold assets through shares in two separate companies.

Wishing you a season filled with joy and prosperity.

Yours truly,

Wendy T. Chan. CEO & Director

About Lode Gold

Lode Gold (TSXV: LOD) is an exploration and development company with projects in highly prospective and safe mining jurisdictions in Canada and the United States.

In Canada, its Golden Culvert and WIN Projects in Yukon, covering 99.5 km²across a 27-km strike length, are situated in a district-scale, high grade gold mineralized trend within the southern portion of the Tombstone Gold Belt. A total of four RIRGS targets have been confirmed on the property. A NI 43-101 technical report has been completed in May 2024.

In New Brunswick, Lode Gold has created one of the largest land packages with its Acadian Gold JV Co; consisting of an area that spans 420 km² and a 42 km strike. McIntyre Brook covers 111 km²and a 17-km strike in the emerging Appalachian/Iapetus Gold Belt; it is hosted by orogenic rocks of similar age and structure as New Found Gold's Queensway Project. Riley Brook is a 309 km²package covering a 25 km strike of Wapske formation with its numerous felsic units. A NI 43-101 technical report has been completed in August 2024.

In the United States, the Company is advancing its Fremont Gold project. This is a brownfield project with over 43,000 m drilled and 23 km of underground workings. It was previously mined at 8 g/t Au in the 1940's.

Mining was halted in 1942 due the gold prohibition in WWII just as it was ramping up production. Unlike typical brownfield projects that are mined out; only 11% of the veins - in 2 out of 7 deposits have been exploited. The Company is the first owner to investigate an underground high grade mine potential at Fremont.

The project is located on 3,351 acres of private and patented land in Mariposa County. The asset is a 4 km strike on the prolific 190 km Mother Lode Gold Belt, California that produced over 50,000,000 oz of gold and is instrumental in the creation of the towns, the businesses and infrastructure in the 1800s gold rush. It is 1.5 hours from Fresno, California. The property has year-round road access and is close to airports and rail.

Previously, in March 2023 the company completed an NI 43 101 Preliminary Economic Assessment ("PEA"). Project Valuation has an after-tax NPV (5%) of USD $370M at $2000 2 /oz gold, IRR 31% and an 11-year LOM, averaging 118,000 oz per year. At $1,750 /oz gold, NPV (5%) is $217M. The project hosts an NI 43-101 resource of 1.16 Moz at 1.90 g/t Au within 19.0 MT Indicated and 2.02 Moz at 2.22 g/t Au within 28.3 MT Inferred. The MRE evaluates only 1.4 km of the 4 km strike of Fremont property. Three step-out holes at depth (up to 1200 m) hit structure and were mineralized.

All NI 43-101 technical reports are available on the Company's profile on SEDAR+ (www.sedarplus.ca) and the Company's website (www.lode-gold.com).

QUALIFIED PERSON STATEMENT

The scientific and technical information contained in this press release has been reviewed and approved by Jonathan Victor Hill, Director, BSc (Hons) (Economic Geology - UCT), FAusIMM, and who is a "qualified person" as defined by NI-43-101.

ON BEHALF OF THE COMPANY

Wendy T. Chan, CEO & Director

Information Contact

Winfield Ding
CFO
info@lode-gold.com
+1-416-915-4257

Kevin Shum
Investor Relations
kevin@lode-gold.com
+1 (647) 725-3888 ext. 702

Cautionary Note Related to this News Release and Figures

This news release contains information about adjacent properties on which the Company has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company's properties.

Cautionary Statement Regarding Forward-Looking Information

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes "forward-looking statements" and "forward-looking information" within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the completion of the transaction and the timing thereof, the expected benefits of the transaction to shareholders of the Company, the structure, terms and conditions of the transaction and the execution of a definitive agreement, the timing of submission to the CSE and TSXV, Gold Orogen raising an additional $1,500,000 and the anticipated use of proceeds. Forward-Looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "anticipate", "believe", "plan", "estimate", "expect", "potential", "target", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-Looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: that the Company and GRM will be able to negotiate the definitive agreement on the terms and within the time frame expected, that the Company and GRM will be able to make submissions to the CSE and TSXV within the time frame expected, that the Company and GRM will be able to obtain shareholder approval for the transaction, that the Company and GRM will be able to obtain necessary third party and regulatory approvals required for the transaction, if completed, that the transaction will provide the expected benefits to the Company and its shareholders.

There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include adverse market conditions, general economic, market or business risks, unanticipated costs, the failure of the Company and GRM to negotiate the definitive agreement on the terms and conditions and within the timeframe expected, the failure of the Company and GRM to make submissions to the CSE and TSXV within the timeframe expected, the failure of the Company and GRM to obtain shareholder approval for the transaction, the failure of the Company and GRM to obtain all necessary approvals for the transaction, and r other risks detailed from time to time in the filings made by the Company with securities regulators, including those described under the heading "Risks and Uncertainties" in the Company's most recently filed MD&A. The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

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RETRANSMISSION: Grande Portage Completes Non-Brokered Private Placement

Not for distribution to United States newswire services or for dissemination in the United States.

Grande Portage Resources Ltd. (TSXV:GPG)(OTCQB:GPTRF)(FSE:GPB) ("Grande Portage" or the "Company") announces that after consultation with its registered finders, the Company has now concluded its non-brokered private placement under Part 5A of National Instrument 45-106 - Prospectus Exemptions - Listed Issuer Financing Exemption. As previously announced on November 13, 2024, the Company sold 3,470,000 units (each, a "Unit") at a price of C$0.30 per Unit for aggregate gross proceeds of C$1,041,000 (the "Offering"). The Company had filed an offering document related to the Offering that can be accessed under Grande Portage's profile at www.sedarplus.ca and on the Company's website at https:grandeportage.com

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Grande Portage Completes Non-Brokered Private Placement

Not for distribution to United States newswire services or for dissemination in the United States.

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Drill Hole Number	From (m)	To (m)	Length (m)	Au g/t	Ag g/t	Au Eq g/t	Structure
IKDD22-09	31.7	32.05	0.35	0.5	14.6	0.7	Hanging wall splay
	55.65	59.75	4.1	0.7	124.8	2.2	Saroma Main Vein
Incl.	55.65	57.00	1.35	1.7	302.4	5.4	Saroma Main Vein
	56.25	57.00	0.75	2.7	425	7.9	Saroma Main Vein
IKDD22-10	41.65	42.0	0.35	0.2	7.37	0.3	Hanging wall splay
	98.75	100.35	1.6	1.2	56.5	1.9	Saroma Main Vein
Incl.	99.4	100.15	0.75	2.1	88.8	3.2	Saroma Main Vein
	104.75	107.85	3.1	0.4	475.7	6.2	Saroma Main Vein
Incl.	104.75	106.5	1.75	0.6	833.8	10.7	Saroma Main Vein
	105.5	106.5	1.0	0.6	1,128.8	14.3	Saroma Main Vein
IKDD22-11	121.55	122.05	0.5	0.2	150.4	2.0	Saroma Main Vein
Incl.	121.8	122.05	0.25	0.3	234.0	3.1	Saroma Main Vein
	147.6	148.8	1.2	0.5	25.9	0.8	Saroma footwall
IKDD22-12	88.9	89.3	0.4	2.4	37.9	2.9	Saroma Main Vein
	90.55	91.6	1.05	1.3	1,449.5	19.0	Saroma Main Vein
Incl.	90.8	91.2	0.4	3.2	3,570.0	46.7	Saroma Main Vein
IKDD22-13	46.15	46.6	0.45	0.4	1.2	0.4	Hanging wall splay
	120.85	123.4	2.55	0.5	6.0	0.6	Saroma Main Vein
Incl.	123.1	123.4	0.3	1.0	2.1	1.1	Saroma Main Vein
IKDD22-14	94.55	94.90	0.35	0.2	1.0	0.2	Saroma Main Vein
	143.85	144.30	0.45	0.2	4.0	0.2	Saroma footwall

Hole ID	Azimuth (true north)	Dip	Collar Easting	Collar Northing	Elevation (m)	Length (m)
IKDD22-09	305	-50	709060	4862202	255.0	324.4
IKDD22-10	305	-75	709060	4862202	255.0	158.1
IKDD22-11	285	-50	709594	4862731	225.5	313.0
IKDD22-12	310	-50	709185	4862303	254.0	162.4
IKDD22-13	310	-68	709185	4862303	254.0	150.9
IKDD22-14	285	-45	709682	4862873	219.7	200.0
Total 1,308.8

1.	At the Meeting, shareholders will be asked to vote on the following matters, all as more particularly described in the Information Circular:
	(i)	to fix the number of directors of the Company at seven;
	(ii)	to elect the seven directors of the Company for the ensuing year;
	(iii)	to re-appoint the Company's auditor for the ensuing year and to authorize the directors of the Company to fix the remuneration to be paid to the auditor;
	(iv)	to re-approve the Company's stock option plan; and
	(v)	to transact such other business as may properly be transacted at the Meeting.

2.	The Company has satisfied all of the conditions to rely, and is relying, on the exemption provided by the Blanket Order from the requirement to send proxy-related materials to its shareholders.

3.	Electronic versions of the Notice of Meeting, Information Circular, the form of Proxy (for registered shareholders), and Voting Instruction Form (for non-objecting beneficial owners) and all other proxy-related materials (collectively, the "Proxy Related Materials"), as applicable
	(i)	have been filed and are available on the SEDAR+ website at www.sedarplus.ca under the Company's profile; and
	(ii)	are posted in a prominent location on the Company's website at https://prospectridgeresources.com/investors/ .

4.	The Company will also provide copies of the applicable Proxy-Related Materials by email to each shareholder who requests same while the strike is ongoing, at no charge. To do so, Shareholders may contact Meredith Eades at meredith.eades@prospectridgeresources.com or by phone at 604-670-7818 to request that a copy of the Proxy-Related Materials be emailed to you.

5.	As the electronic versions of the form of Proxy (for registered shareholders) and Voting Instruction Form (for non-objecting beneficial owners) do not contain control numbers, they cannot be voted online or by phone. These electronic forms must be physically completed, signed, and returned to the Company's transfer agent, Odyssey Trust Company, by:
	(i)	Physical delivery or facsimile (details in the Information Circular);
	(ii)	Email to proxy@odysseytrust.com .

5.	In the alternative:
	(i)	If you are a registered shareholder, you may also contact the Company's Transfer Agent, Odyssey Trust Company, at Direct Dial (all regions): 1-587-885-0960; US & Canada (toll-free): 1-888-290-1175 to verify your identity and obtain instructions and assistance in voting your shares;
	(ii)	If you are a beneficial shareholder, who holds their investment through a brokerage house, depository company or other intermediary, you may also attempt to contact such brokerage house, depository company or other intermediary for instructions and assistance in voting your shares.

Japan Gold Continues to Drill High Grade Intercepts at Ryuo and Expands the Prospect Area

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