Lode Gold Pivots Strategy to Focus on Underground Opportunity & Presents Results of the Evaluation of a Potential High-Grade Underground Mine at Fremont, Mariposa, on the Prolific Mother Lode Belt

Lode Gold Minerals Inc. (TSXV: LOD) (OTCQB: SBMIF) ("Lode Gold" or the "Company" is pleased to present the results of the evaluation directed by Carlos Saban, Lode Gold's technical advisor, an exploration and mine geologist, regarding the potential of a high-grade underground mine at Fremont, Mariposa. Mariposa, California is the original gold rush county, where gold mining started back in 1848. Currently in California, there are over 700 permitted and operating mines; 14 are gold mines. Mining operations was suspended in 1942 due to gold mining prohibition during World War II. Previous owners of this project had solely focused on open pit possibilities. Lode Gold, for the first time, since high grade (8 gt Au) underground mining operation was suspended in the 1940's, has commissioned a study to evaluate the opportunity for an high grade underground potential.

HIGHLIGHTS

Fremont is an orogenic gold deposit hosted in the ophiolitic suture of the 190 km Mother Lode Belt. Mineralization is evidenced on a 4 km strike on the property
Mineralization is hosted both in the melange of the suture and in the slates of the Mariposa Formation in the hanging wall
42,700 m of historical drilling comprises of diamond and reverse circulation holes
Current resource represents only 16% of the upper 500 m of the structure (Pine Tree - Josephine & Queen Specimen; 2 of the 6 projects in the property)
The high-grade areas are controlled by transverse extensional faults
Average grade of historical channel sampling is 4.7 g/t Au (vein average true width: 1.92 m)
Mineralization is hosted in a body that has veins with 5 g/t Au, 2 g/t Au of stockwork between veins, and stockwork of 1 g/t of Au outside the veins
40% of mineralization is in veins, 30% in the stockwork between the veins, and 30% is outside the veins
Only small portions of the veins were mined; stockworks outside the veins were not mined. Historical production equals 16% of current M+I resource
Deepest drillhole hit mineralization 1,000 m below the surface and 1,300 m on the strike of the structure
Upcoming drill plan - 4,500 m of step-out and infill drilling (upper 500 m of structure, short drill holes) to expand current resources and to confirm high grade underground potential

Carlos has undertaken a detailed study of the historical information of the 2023 PEA to investigate the potential of a high-grade underground mine at Fremont. The assays have been analyzed to study the veins separately from the mineralized body as a whole.

Statistical Analysis
A statistical analysis of the grades from channel samples of the old underground workings reveals that the width of the veins is constant with a mean of 1.92 m and at a 25^th Percentile, 1.52 m. The grades also show an even distribution with a mean of 4.7 g/t Au, a median of 2.9 g/t Au and at a 90^th Percentile, 10.5 g/t Au (Table 1).

n=2146	Au g/t	n=2146	Length (m)
Mean	4.70	Mean	1.92
Maximum	79.52	Maximum	10.80
Percentile 95	14.73	Percentile 95	3.20
Percentile 90	10.53	Percentile 90	2.54
Percentile 75	5.72	Percentile 75	2.13
Percentile 50	2.93	Percentile 50	1.83
Percentile 25	1.37	Percentile 25	1.52
Minimum	0.17	Minimum	0.30

Table 1. Statistical thresholds of the underground channel sampling.

All assays from drillhole, surface and underground channels were processed with the Data Envelopment Analysis Algorithm of Leap Frog® to study the grade distribution inside the body and the relationships of gold mineralization in the different domains.

Figure 1. Statistical envelopes of gold grades inside the Pine Tree-Josephine mineralized body (transverse section looking north).

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A review of the volumes of the statistical envelopes indicates that roughly 40% of gold mineralization is in the veins (5 g/t Au), 30% of the gold is in the stockwork between the veins (2 g/t Au); and, 30% is in the stockwork outside the veins (1 g/t Au).

Structural Controls
Using surface and underground maps and drillhole logs, a comprehensive lithological and structural model was built to better understand the controls of gold mineralization at Fremont.

The mineralized bodies at Fremont are located along a 4-km long by 250-m wide shear zone of an ophiolitic suture. In the central part of the project area, mineralization is controlled by the Pine Tree Vein (hanging wall) and the Josphine Vein (footwall) with multiple smaller internal veins. The high-grade mineralized areas inside of the bodies follow a pattern in which they are limited by transverse normal faulting (Figure 2); this allows for the ranking and prioritization of key mineralized blocks for further drilling to confirm Fremont's higher-grade potential.

Figure 2. Statistical envelopes of the gold grades inside the mineralized body (Pine Tree-Josephine longitudinal section looking west). High grade areas are limited by the transverse faults (red).

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Carlos used the 2023 PEA block model to study the entire mineralized body; he multiplied the grade of each (5m x 5m x 5m) individual block by its length and then added the total of each row across the ore body. This exercise produced a gram times meter (GM) "heat map" that provides a value for the intensity of mineralization inside the block model. This "heat map" can be used as a vectoring tool to study mineralized intensity and trends. Based on over 10,000 statistical samples, a mean of 58m with 96 GM of Au was obtained for the entire mineralized block model (Table 2).

n=10468	Au GM	n=10468	Length (m)
Mean	96.06	Mean	58.07
Maximum	677.12	Maximum	135.00
Percentile 95	292.11	Percentile 95	100.00
Percentile 90	238.64	Percentile 90	90.00
Percentile 75	162.23	Percentile 75	75.00
Percentile 50	99.41	Percentile 50	55.00
Percentile 25	58.92	Percentile 25	40.00
Minimum	1.00	Minimum	5.00

Table 2. Statistical thresholds of the block model rows.

Figure 3 is a longitudinal section of the entire 4-km long property that shows the mineralization intensity in gram-meters for the main deposits (French, Pine Tree-Josephine, Crown Point, and Queen Specimen). The yellow arrows indicate the plunge direction of mineralization towards the North. The figure also shows the traces of three deep drill holes undertaken by previous companies (drill hole length of 720m, 780m and 1200m). Despite intersecting the main structure that hosts mineralization, these deep step-out holes were directed outside of the mineralization plunges which explains the lower-than-average grades that were obtained.

Figure 3. Mineralization trends showing a clear plunge towards North (arrows).

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Conclusions
Fremont is an orogenic gold deposit situated within the ophiolitic suture of the Mother Lode Gold Belt in California. Gold mineralization is found both in the melange of the suture and in the slates of the Mariposa Formation in the hanging wall.

The investigation presented in this release reveals that the high-grade areas are primarily controlled by transverse extensional faults. Furthermore, mineralization is found in veins, stockwork between veins, and outside the veins. This distribution delineates the potential areas for mining and resource estimation.

A statistical analysis of channel samples from old underground workings indicates consistent vein widths and a wide distribution of gold grades, with a mean of 4.7 g/t Au. This statistical data aids in understanding the variability and potential richness of the deposit.

The structural model built based on surface and underground mapping suggests that mineralized bodies at Fremont are along a shear zone of the ophiolitic suture and that the high-grade mineralized areas are limited by transverse normal faulting, which offers insights for further drilling and exploration efforts.

Using the PEA block model, the study generated a "heat map" indicating the intensity of mineralization across the entire mineralized body. This provides a visual tool for understanding mineralized intensity and trends, understanding the orientation of mineralized zones, and aiding in resource estimation and future exploration strategies.

A drilling campaign of 4,500 m with lengths between 200 and 550m has been designed to expand current resource in the Pine Tree - Josephine area and Chicken Gulch. It will focus on the shallow area with the intention of connecting both areas, prove geological concepts and study the behavior of gold mineralization in the different structural blocks of the north and central part of the structure.

ABOUT LODE GOLD

Lode Gold is a Canadian exploration and development company with grassroots and advanced exploration properties in highly prospective and safe mining jurisdictions.

Its Golden Culvert and Win Projects, Yukon, covering 99.5 km² across 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. Gold deposits and occurrences within the Belt include Fort Knox, Pogo, Brewery Creek and Dublin Gulch, and Snowline Gold's Valley target on its Rogue property in the Selwyn Basin.

Its McIntyre Brook Project, New Brunswick, covering 111 km² and a 17-km strike length in the emerging Triple Fault Gold Belt, is surrounded by Puma Exploration's Williams Brook Project (5.55 g/t Au over 50m) and is hosted by orogenic rocks of similar age and structure as New Found Gold's Queensway Project.

The Company is also advancing its Fremont Gold development project in the historic Mother Lode Gold Belt of California where 50,000,000 oz of gold has been produced. Fremont, located 500km north of Equinox Gold's Castle Mountain and Mesquite mines, has a PEA with an after-tax NPV of USD $217MM, a 21% IRR, 11-year LOM, averaging 118k ounces per annum at USD $1,750 gold. A sensitivity to the March 31, 2023 PEA at USD $2,000/oz gold gives an after-tax NPV(5%) of USD $370MM and a 31% IRR over an 11-year LOM. 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 length of the Fremont property that features five gold-mineralized zones. Significantly, three step-out holes at depth hit mineralized structure, typical of orogenic deposits that often occur at depth. Fremont is located on private land in Mariposa, the original gold rush county and is 1.5 hours from Fresno, California. The property has year-round road access and is close to airports and rail. Please refer to the Fremont Gold project PEA dated March 31, 2023 under NI 43-101 guidelines. The technical report has been reviewed and approved by independent "Qualified Persons" Eugene Puritch, P.Eng., FEC, CET, and Andrew Bradfield, P.Eng. both of P&E, and Travis Manning, P.E. of KCA.

QUALIFIED PERSON STATEMENT

Buddy Doyle, FAusIMM is the author of this news release. 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 National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").

For more information, please visit the Company's website at www.lode-gold.com or contact:

Wendy Chan
CEO, Director
info@lode-gold.com
+1 (416) 915-4157

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

Forward-Looking Statements

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.

WARNING: The Company relies upon litigation protection for "forward-looking" statements. The information in this release may contain forward-looking information under applicable securities laws. This forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those implied by the forward-looking information. Factors that may cause actual results to vary materially include, but are not limited to, inaccurate assumptions concerning the exploration for and development of mineral deposits, currency fluctuations, unanticipated operational or technical difficulties, changes in laws or regulations, failure to obtain regulatory, exchange or shareholder approval, the risks of obtaining necessary licenses and permits, changes in general economic conditions or conditions in the financial markets and the inability to raise additional financing. Readers are cautioned not to place undue reliance on this forward-looking information. The Company does not assume the obligation to revise or update this forward-looking information after the date of this release or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/214473

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Lode Gold Engages Strategic Advisors to Advance Development of the Fremont Mine in Gold County- Mariposa, California

Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: LODFF) ("Lode Gold" or the "Company") is pleased to announce that it has engaged experienced capital markets and strategic advisors to support the advancement of its Fremont Mine in Mariposa, California. These advisors will assist in securing strategic investors and partners as the Company moves into the next phase of development.

As part of its current development strategy, Lode Gold is also engaging with mining contractors and progressing with engineering evaluations aimed at optimizing the mine plan and initiating permitting. The Company's evaluation is focused on three key priorities:

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Lode Gold Closes Second Tranche of Private Placement for Total Financing of $1.2 Million to Initiate Work at the Fremont Mine in California

Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: LODFF) ("Lode Gold" or the "Company") is pleased to announce it has closed the second tranche of its non-brokered private placement offering.

Proceeds will be used to advance work at the Fremont Mine in Mariposa, California. This is an advanced-stage exploration and development asset, where recently an NI 43 -101 compliant mineral resource estimate (MRE 2025) was completed with a new geological model that separates vein mineralization from stockwork: 1.34 Moz at 4.4 g/t (3 g/t cut off, average true width: 16.8 m).¹

Table 1

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Fremont was previously mined at 10.7 g/t. Only 8% of the total mineral resource, filed at SEDAR+ (April 2025) has been extracted, mostly in the first 250 m. This is a structurally controlled orogenic deposit with excellent continuity. Exploration upside exists as it is open at depth and on strike. Three step-out holes at 1,300 m hit structure and were mineralized.

Upcoming 2025-2026 Catalysts:

Rehabilitation of 2 km of the 23 km of underground workings
Access to three of the adits, out of a total of 14
Channel sampling to upgrade resources to M&I
Metallurgy and Recovery Studies
Geotechnical work and rock mechanics assessments
Underground drilling 3,000 m (to initiate Pre-Feasibility Study) 
Completion of Pre-Feasibility Study (underground bulk mining and other optimized methods will be evaluated)

"We had a busy year. We completed corporate restructuring, a joint venture, the creation of a spin-co, and advanced all three of our assets in Yukon, New Brunswick and California. Over the past 12 months, we delivered three technical reports. At Fremont, two pivotal findings stand out: first, mineralization in the stockworks—outside the veins—remains completely untouched when mining was suspended during World War II (1942), when gold was just $35/oz. Second, at a 1 g/t cut-off, we see an impressive average true width of 53 meters," comments Wendy T. Chan, CEO and Director of Lode Gold.

"The 2023 Preliminary Economic Assessment (PEA) indicates positive project economics at a gold price of USD $1,750, based on an annual production rate of 130,000 ounces. In the coming months, we will begin engineering work aimed to develop an optimized mine plan. Our evaluation will focus on: high-grading in early years to optimize economics; increase to produce more than 100,000 ounces per year; and the initiation of small-scale production in the near term to align with the March 2025 Executive Order, which prioritizes critical mineral extraction in the United States."

The Company has raised $390,802 through the issuance of 2,204,457 Units at a price of 18 cents per Unit. Each Unit shall consist of one common share and one common share purchase warrant. Each warrant shall entitle the holder to purchase one common share at an exercise price of 35 cents per common share for a period of three years following the date of closing. The Company may accelerate the expiry date if the shares trade at 65 cents or more for a period of 10 days, including days where no trading occurs. The shares issued are subject to a four-month and one-day hold period.

The Company closed the first tranche of $790,186 (4,389,922 Units) on April 15, 2025. The total amount raised was $1,180,988 (6,594,379 Units).

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 assets in Yukon sits on the southern portion of the prolific Tombstone Belt. It covers 99.5 km² across a 27 km strike. Over 4,500 m have been drilled with confirmed gold endowment and economic drill intercepts over 50 m. There are four reduced-intrusive targets (RIRGS), in addition to sedimentary-hosted orogenic exploration gold.

In New Brunswick, Lode Gold, through its subsidiary 1475039 B.C. Ltd. (soon to be spun out into Gold Orogen) has created one of the largest land packages with its Acadian Gold Joint Venture, consisting of an area that spans 445 km² with a 44 km strike. It has confirmed gold endowment with mineralized rhyolites.

In preparation for the spin-out, NI 43 101 technical reports have been prepared for all assets in Yukon and New Brunswick in 2024.

In the United States, the Company is focused on its advanced exploration and development asset, the Fremont Mine in Mariposa, California. According to the NI 43- 101 Compliant 2025 MRE, the asset contains 1.3 Moz at 4.4 g/t (3 g/t cut-off) with an average true width: 16.8 m.

Fremont was previously mined at 10.7 g/t. During gold mining prohibition in WWII, its mining license was suspended. Only 8% of the resource identified in the 2025 MRE has been extracted. This asset has exploration upside and is open at depth (three step-out holes at 1,300 m hit structure and were mineralized) and on strike. This is a brownfield project with over 43,000 m drilled, 23 km of underground workings and 14 adits. The project has excellent infrastructure and is close to electricity, water, roads, railhead and port.

Recently, the Company completed an internal scoping study, with a strategic pivot to 100% underground mining. Previously, in March 2023, the Company completed an NI 43-101 Preliminary Economic Assessment ("PEA") with an open pit and underground combination mine. The 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). 

ON BEHALF OF THE COMPANY,
Wendy T. Chan
CEO & Director

Information Contact:

Winfield Ding
CFO
info@lode-gold.com
+1-(604)-977-GOLD (4653)

Jenna Mosher
Investor Relations
jenna@lode-gold.com
+1 (604) -977-GOLD (4653)

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

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 use of proceeds, advancement and completion of resource calculation, feasibility studies, and exploration plans and targets. 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: the status of community relations and the security situation on site; general business and economic conditions; the availability of additional exploration and mineral project financing; the supply and demand for, inventories of, and the level and volatility of the prices of metals; relationships with strategic partners; the timing and receipt of governmental permits and approvals; the timing and receipt of community and landowner approvals; changes in regulations; political factors; the accuracy of the Company's interpretation of drill results; the geology, grade and continuity of the Company's mineral deposits; the availability of equipment, skilled labour and services needed for the exploration and development of mineral properties; currency fluctuations; and impact of the COVID-19 pandemic.

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 a deterioration of security on site or actions by the local community that inhibits access and/or the ability to productively work on site, actual exploration results, interpretation of metallurgical characteristics of the mineralization, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, unknown impact related to potential business disruptions stemming from the COVID-19 outbreak, or another infectious illness, and other exploration or other risks detailed herein and 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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Lode Gold Leverages Artificial Intelligence to Drive Exploration and Growth in Yukon

Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: LODFF) ("Lode Gold" or the "Company") is pleased to announce it will be using the AI-assisted mineral discovery platform offered by VRIFY Technology Inc. ("VRIFY"). Vrify, based in Vancouver, Canada, is a worldwide leader in utilizing AI technology that leads to more efficient mineral exploration. Lode Gold will apply the advanced AI-assisted discovery platform to refine and validate exploration plans and targets at Lode Gold's Golden Culvert Project in Yukon, accelerating data-driven decision-making and enhancing exploration outcomes.

GOLD OROGEN APPOINTS INDUSTRY VETERAN GARY WONG AS NEW VP OF EXPLORATION

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Lode Gold Closes Financing - $790,186 to Advance California and Yukon Projects

Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: LODFF) ("Lode Gold" or the "Company") is pleased to announce that it has closed on its first tranche of its non-brokered private placement offering. The Company has raised $790,186 through the issuance of 4,389,922 Units at a price of $0.18 per Unit. The cash raised will be used for the execution of the 2025 business plan and general working capital. In Yukon, the Company will conduct field work, including geological mapping, soil sampling, and channel sampling to advance drill target development. In California, the funds will support the completion of a 2025 Preliminary Economic Assessment (PEA) focused on bulk mining, underground channel sampling to upgrade resources, and moving towards the pre-feasibility study (PFS) at the Fremont project.

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Lode Gold Shareholders Approve Plan of Arrangement for Spin Out of Gold Orogen

Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: LODFF) ("Lode Gold" or the "Company") is pleased to announce that the proposed plan of arrangement (the "Arrangement") for the tax-efficient spin out of Gold Orogen was approved at the Company's annual general and special meeting of shareholders (the "Meeting") held on March 10, 2025.

The resolution approving the Arrangement (the "Arrangement Resolution") was required to be passed by: (i) the affirmative vote of at least two-thirds (66 2/3%) of the votes cast by shareholders of the Company present in person or represented by proxy and entitled to vote at the Meeting; and (ii) the affirmative vote of at least two-thirds (66 2/3%) of the votes cast by Company shareholders, optionholders and warrantholders, voting as a single class, present in person or represented by proxy and entitled to vote at the Meeting.

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Quimbaya Gold Closes $4 Million Financing and Expands Executive Team

Cornerstone investor brings proven regional track record; company now fully funded into 2026 for multi-project advancement in Colombia

Quimbaya Gold Inc. (CSE: QIM) (OTCQB: QIMGF) (FSE: K05) ("Quimbaya" or the "Company") is pleased to announce the closing of its upsized non-brokered private placement of 11,525,299 units of the Company (each, a "Unit") at a price of C$0.35 per Unit for gross proceeds of $4,033,854 (the "Offering").

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Pinnacle Changes OTC Ticker Symbol to PSGCF

(TheNewswire)

VANCOUVER, BRITISH COLUMBIA, July 03, 2025 TheNewswire - (TSXV: PINN, OTC: PSGCF, Frankfurt: P9J) Pinnacle Silver and Gold Corp. (" Pinnacle " or the " Company ") is pleased to announce that its common shares, previously trading on the OTC Market under the ticker symbol "NRGOF", will begin trading on the OTC Market under the ticker symbol "PSGCF" effective today, Thursday, July 3, 2025.