RUA GOLD Provides an Update on the Reefton Drilling Program and the next phase of drill targets

RUA GOLD Corporation (CSE: RUA) (OTC: NZAUF) (WKN: A4010V) ("RUA GOLD" or the "Company") is pleased to provide an exploration update for the Reefton Project on the South Island of New Zealand .

Preliminary results confirm the Pactolus system extends south for 550 meters along strike and is well mineralized on surface.
The Company is analyzing the results to better understand the plunge and tenor of the ore shoots at this early stage of exploration.
The Company has developed multiple new high-grade targets at past producing mines in the Murray Creek area for drill testing in Q2/2024.

Pactolus

Recall that Pactolus is a new, surface Greenfields discovery made by RUA GOLD in 2021. Pactolus has returned assays for three of six holes drilled on the system, highlighting:
- DD_PAC_035 intersecting 2 meters @ 5.13g/t Au
- DD_PAC_036 intersecting 2 meters @ 3.61g/t Au .
These results compliment the surface trenching across outcropping mineralization:
- 5m @ 12.2 g/t Au (including 1m @ 17.1 g/t Au) and
- 4m @ 6.9 g/t Au (including 1m @ 16.1 g/t Au).
Further work is needed to model the geometry of this zone to warrant additional drilling in this area. As a result, the company expects to refocus on the past-producing areas in Reefton in the near term.

RUA GOLD's forthcoming near-mine drilling program

RUA GOLD plans to commence with 5 targets in the Murray Creek area as the first step in a comprehensive drilling campaign that will test targets in Murray Creek, Crushington, Capleston and Caledonian historic districts. These historic mines collectively produced ~700 koz at 25.2 g/t within a radius of ~20 kilometers. Three of the targets are highlighted:

Murray Creek Target 1: Down-dip extension of mine shoot:

Records show mining stopped by faulting, evidence of continuation at depth. Recent surface rock chips include 56.2, 48.0, 33.3, g/t Au , including some striking visible gold (Figure 3). Trenching of the lode on surface includes 3m @ 31.7 g/t Au incl. 2m @ 47.1 g/t Au .

Murray Creek Target 2: Near mine structural offset:

Targeting potential offset of Inglewood Mine group to the east, rock chips include 35.1, 34.5, and 27.8 g/t Au.

Murray Creek Target 3: Down-dip extension of mine shoot :

Records show mining ceased at 200 meters, yet this was the largest deposit in the Inglewood group.

Robert Eckford , CEO commented: "We are pleased to see consistent mineralization in the drilling from the Pactolus vein and see the potential for exciting new opportunities developing from the historic mine drill targets in the forthcoming near-mine program. Our team will continue drilling RUA GOLD's Reefton properties as our 2,500 meter drill program for 2024 rolls out. With the exceptional geology of the Reefton project and the highly experienced operating team on the ground, I am excited by the potential in this historic but under-explored high grade orogenic gold district".

More information can be found at the Company's website: www.ruagold.com .

Pactolus Summary

The recent 6-hole drill program (DD_PAC_035-040) has tested under the three trenches along the north-south trend of system. Trenching results over four outcrops at Pactolus illustrated in Figure 2 returned the following:

7m @ 13.75 g/t Au (including 1m @ 34.6 g/t Au, 1m @32 g/t Au) *
5m @ 8.1 g/t Au (including 1m @ 14.9 g/t Au)
5m @ 12.2 g/t Au (including 1m @ 17.1 g/t Au)
4m @ 6.9 g/t Au (including 1m @ 16.1 g/t Au)
*(Reported NI 43 101: Technical Report on the Reefton Project, New Zealand )

Four of the six drill holes intersected the targeted mineralized structure. Initial assay results for DD_PAC_35, 36, and 37 returned:

Table 1: Significant intercepts for 2024 drilling, calculated with a 1.5 ppm Au cut-off and up to 2-m internal dilution.

Hole ID	From (m)	To (m)	Interval (m)	Au (ppm)	Including
DD_PAC_035	71	73	2	5.13	1m @ 8.44 g/t Au
DD_PAC_036	60	62	2	3.61	1m @ 4.92 g/t Au

DD_PAC_037 returned no significant intercepts.

Preliminary results and observations confirm the Pactolus system extends south for 550m and is well mineralized on surface, but determining the plunge and tenor of the ore shoots is proving challenging. A further update is anticipated when results from the remaining drill holes are received in 4-6 weeks.

Table 2: Significant intercepts for Pactolus drilling, calculated with a 1.5 ppm Au cut-off and up to 2-m internal dilution.

Hole ID	From (m)	To (m)	Interval (m)	Au (g/t)
DD_PAC_001	132.5	135	2.5	4.75*
DD_PAC_002	133	138	5	6.52*
DD_PAC_004	183	195	12	9.72*
DD_PAC_005	218	223	5	2.24*
DD_PAC_005	256	260	4	3.95*
DD_PAC_007	214	227	13	1.62*
DD_PAC_009	219	221	2	4.40*
DD_PAC_010	221	225	4	2.69*
DD_PAC_015	76	81	5	3.13*
DD_PAC_018	58	60	2	3.11*
DD_PAC_022	54	56	2	8.20*
DD_PAC_025	33	35	2	3.53*
DD_PAC_035	71	73	2	5.13
DD_PAC_036	60	62	2	3.61

Overview of the Reefton Region

The Reefton Goldfields presents as a classic orogenic style gold deposit, with historic mining recovering high-grade gold in plunging gold bearing quartz reefs. RUA GOLD's systematic exploration has highlighted the potential for the rejuvenation of this district in renewed opportunities in the vicinity of historic high-grade gold deposits.

Historic Mine Evaluation, Proposed Drilling

RUA GOLD has completed a comprehensive evaluation of the historic mines on the Company's tenements in the Reefton Goldfield which produced ~700 koz at 25.2 g/t (see Appendix 2). 3D computer modelling of the geology, structure, and historical mine lodes, was completed as a precursor to drill testing of priority targets. Likely targets include testing down-dip and potential duplicate structures in the vicinity of the historic mines.

RUA GOLD plans to commence with 5 targets in the Murray Creek area as follows.

Murray Creek Target 1: Down-dip extension of mine shoot

Records show Inglewood mine stopped by faulting, evidence of continuation at depth. Recent surface rock chips include 56.2, 48.0, 33.3, 30.3, g/t Au, including some striking visible gold (see insert). Soil samples are up to 113 ppb Au. Trenching of the lode on surface includes:

MC_C03 3m @ 31.7 g/t Au (including 2m @ 47.1g/t Au )
MC_C04 12m @ 6.4 g/t Au (including 1m @ 63.9 g/t Au)

Murray Creek Target 2: Near mine structural offset

Targeting potential offset of Inglewood Mine group to the east, illustrated in ultra-detail magnetic data, coinciding with Au-As soil anomaly and mapped quartz veins. Rock chips along the jog include 35.1, 34.5, and 27.8 g/t Au from brecciated, highly sulfidic quartz samples. Soil geochemistry (max 172ppb gold) envelopes gold anomalism over the target area.
Trenching in the vicinity of the structural offset included:

MCCRAE05 3m @ 1.7 g/t Au
MC_C06 2m @ 2.9 g/t Au

Murray Creek Target 3: Down-dip extension of mine shoot

Records show mining ceased at 200m yet this was the largest lode in the Inglewood group. Historical records describe the ore directly associated with a dolerite dyke. Accurate mapping of the dyke (UAV magnetics) and 3D structural mapping show significant potential for continuation at depth.

Murray Creek Target 4: 250m north extensions of historic workings

RUA GOLD's mapping has delineated quartz and pug faulting along a syncline hinge that coincides with the north striking Perseverance historical workings. Rock samples returned 11-16.4 g/t Au, soil geochemical samples up to 195ppb Au envelope a north trending zone paralleling the Ajax-Golden Fleece historical mines.

Ajax Target 1: Potential jog/structural complexity

A jog in the magnetic and strong structural complexity show there may be an offset between the Golden Fleece mine group and Venus, very prominent soil gold geochemistry highlights surface expression of this target.

Grant of Deferred Share Units

The Company also announces that it has granted an aggregate of 875,476 deferred share units (" DSUs ") to the directors of the Company at a deemed price of $0.175 per DSU. The DSUs were granted in consideration for services provided by the directors for February 28 to March 31 , 2024. The DSUs were granted under the Company's Deferred Share Unit Plan adopted on April 17 , 2024. Each DSU entitles the holder to receive one share of the Company at the time the holder ceases to be a director of the Company.

About RUA GOLD

RUA GOLD (RUA.CSE) is a new entrant to the mining industry, specializing in gold exploration and discovery in New Zealand . With permits that have a rich history dating back to the gold rush in the late 1800's, RUA GOLD combines traditional prospecting practices with modern technologies to uncover and capitalize on valuable gold deposits.

The Company is committed to responsible and sustainable exploration, which is evident in its professional planning and execution. The Company aims to minimize its environmental impact and to execute on its projects with key stakeholders in mind. RUA GOLD has a highly skilled team of New Zealand professionals who possess extensive knowledge and experience in geology, geochemistry, and geophysical exploration technology.

For further information, please refer to the Company's disclosure record on SEDAR+ at www.sedarplus.ca .

Technical Information

Simon Henderson CP, AUSIMM, a qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects, has reviewed and approved the technical disclosure contained herein. Mr. Henderson has verified the data disclosed, including sampling, analytical, and test data underlying the information in the technical disclosure herein.

QAQC Soil Samples

A bulk sample of ~0.5–1 kg was collected in the field and taken back to RGL's office for preparation. Samples were dried in a customized incubator, set at 38°C, for a minimum of two days. Once the samples were fully dried, they were sieved to

A 50–100-g fine-sieved ( Brisbane for Au-TL43 analysis. The analysis consisted of 25-g sample digestion by aqua regia, followed by trace Au analysis by ICP-MS. The detection limit for Au by this method is 1 ppb. Approximately 5% of the samples were analyzed for a full multi-element suite using a 4-acid digest and ICP-MS finish.

ALS Brisbane is independent to RUA GOLD .

QAQC Drilling

The majority of drillholes were sampled in full, typically following 1-m sample intervals unless geological contacts (i.e. dolerite intrusions) dictated otherwise. NQ core was analyzed as whole core; therefore, only requiring cutting along sample intervals. PQ and HQ core were sampled as half core.

Drill core samples were sent to SGS Westport for sample preparation. Core was crushed to 75% passing 2 mm, and 1-kg split of material was pulverized (to 85% passing 75 µm). No split duplicates were collected during the crushing steps. Two scoops were taken from the pulverize bowl: one for laboratory analysis (~150 g) and the other for pXRF analysis (~100 g). The pulp reject is stored in Reefton.

Pulverized drill core samples were analyzed by 50-g fire assay with AAS finish at SGS Waihi (SGS Code FAA505). The detection limit for Au by this method is 0.01 ppm. As part of SGS' internal quality control, SGS conducted repeat analyses, also at a rate of ~5%.

Thirteen 3-g samples were also analyzed by screen fire assay (FAS30K) at SGS Waihi to establish the presence of nuggetty Au. Samples were screened to 75 µm.

Website: www.RUAGOLD.com

Cautionary Note Regarding Forward Looking Information

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur and specifically include statements regarding: the Company's strategies, expectations, planned operations or future actions, including but not limited to exploration programs at its Reefton and Glamorgan projects; and the Company's expected receipt of permits or other regulatory approvals. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements.

Investors are cautioned that any such forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. A variety of inherent risks, uncertainties and factors, many of which are beyond the Company's control, affect the operations, performance and results of the Company and its business, and could cause actual events or results to differ materially from estimated or anticipated events or results expressed or implied by forward looking statements. Some of these risks, uncertainties and factors include: general business, economic, competitive, political and social uncertainties; risks related to the effects of the Russia - Ukraine war; risks related to climate change; operational risks in exploration, delays or changes in plans with respect to exploration projects or capital expenditures; the actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; changes in labour costs and other costs and expenses or equipment or processes to operate as anticipated, accidents, labour disputes and other risks of the mining industry, including but not limited to environmental hazards, flooding or unfavourable operating conditions and losses, insurrection or war, delays in obtaining governmental approvals or financing, and commodity prices. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements and reference should also be made to the Company's CSE Form 2A – Listing Statement filed under its SEDAR+ profile at www.sedarplus.ca for a description of additional risk factors.

Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

Appendix 1: Full list of significant intercepts from the Pactolus drilling program.

Table 3: Significant intercepts for Pactolus program, calculated with a 1.5 ppm Au cut-off and up to 2-m internal dilution.

Hole ID	From	To	Interval	Au (ppm)
DD_PAC_001	132.5	135	2.5	4.75
DD_PAC_002	133	138	5	6.52
DD_PAC_004	183	195	12	9.72
DD_PAC_005	218	223	5	2.24
DD_PAC_005	256	260	4	3.95
DD_PAC_007	214	227	13	1.62
DD_PAC_007	244	246	2	1.71
DD_PAC_009	219	221	2	4.40
DD_PAC_010	221	225	4	2.69
DD_PAC_015	76	81	5	3.13
DD_PAC_016	41	43	2	2.77
DD_PAC_018	43	46	3	2.75
DD_PAC_018	58	60	2	3.11
DD_PAC_022	54	56	2	8.20
DD_PAC_025	33	35	2	3.53
DD_PAC_035	71	73	2	5.13
DD_PAC_036	60	62	2	3.61

(Up to DD_PAC_025 reported in NI 43 101: Technical Report on the Reefton Project, New Zealand )

Appendix 2: Historic production from mining in the Reefton Goldfields.

*Table* 4 *: Historical production from mines within the Reefton Project (Barry, 1993).*
Shear Group	Mine Lode	Total Production (Au oz)	Recovered Grade (g/t)
Italian Gully	Golden Arch-Italian Gully-Tripoli	1,093.1	31.8
Capleston	Welcome-Hopeful	88,620.3	61.4
	Fiery Cross	27,955.1	34.8
	Just in Time	17,171.7	38.8
	Reform-Imperial-South Hopeful	1,070.6	19.6
	Lone Star	1,09.3	13.9
Murray Creek	Inglewood-North Star, Phoenix, Victoria	33,877.2	19.9
	Golden Treasure-Comstock	5,697.1	18.5
	Band of Hope	25.7	2.0
	Perseverance	19.3	10.4
	Westland	61.1	23.4
Ajax	Golden Fleece - Ajax Royal	89,629.9	20.4
Ajax	Venus	7,041.0	19.8
Crushington	Dauntless, Energetic-Wealth of Nations-Eclipse-Independent-Vulcan	208,970.2	14.2
	Heather Bell	9.6	4.9
	Golden Ledge	1,138.1	9.2
	Keep-it-Dark	182,597.0	17.0
	Hercules-Nil Desperandum	6,809.5	16.5
	No. 2 South Keep it Dark - Pandora	6,687.4	21.5
Specimen Hill	Specimen Hill	1,205.7	16.3
	Pactolus	498.3	141.3
	Lady of the Lake	3.2	9.8
	Argus	90.0	33.6
Larry Creek	Caledonian	1,160.6	25.3
	Larry's No. 1
	No. 2 South Larry's	4,128.2	16.8
Kirwans Hill	Newhaven, Earl Brassey, Mark Twain, Lord Brassey	11,011.6	15.2

Source: Barry, J.M., 1993. The History and Mineral Resources of the Reefton Goldfield.

Appendix 3: Locations and information on drill holes and trenches at Pactolus.

Table 5: Drill hole locations and hole details. Coordinates in NZTM2000; DD: Diamond drill hole, TR: Trench.

Hole ID	Easting	Northing	Depth	Azimuth	Dip
DD_PAC_001	1512924	5341019	224	257	-50
DD_PAC_002	1512924	5341019	204.4	280	-45
DD_PAC_003	1512924	5341019	305.4	279	-71
DD_PAC_004	1512924	5341019	225	213	-52
DD_PAC_005	1512925	5341019	305.6	213	-70
DD_PAC_006	1512924	5341020	189.7	304	-42
DD_PAC_007	1512924	5341020	299	201	-43
DD_PAC_007A	1512924	5341020	37.5	202	-42
DD_PAC_008	1513028	5340787	312.3	297	-42
DD_PAC_009	1513028	5340787	284.6	268	-50
DD_PAC_010	1513028	5340787	330.2	230	-60
DD_PAC_011	1512924	5341019	178.95	224	-41
DD_PAC_014	1512867	5340988	44.95	250	-60
DD_PAC_015	1512867	5340988	89	250	-70
DD_PAC_016	1512867	5340988	63.7	250	-45
DD_PAC_017	1512863	5340958	75.6	250	-45
DD_PAC_018	1512863	5340958	81.9	250	-60
DD_PAC_019	1512863	5340958	92.3	250	-70
DD_PAC_020	1512878	5340924	96.7	250	-55
DD_PAC_021	1512878	5340924	100	250	-70
DD_PAC_022	1512833	5341082	87.3	250	-55
DD_PAC_023	1512833	5341082	107.7	250	-70
DD_PAC_024	1512833	5341082	85.9	250	-45
DD_PAC_025	1512843	5341036	91.2	250	-55
DD_PAC_026	1512843	5341036	106.3	250	-70
TR_PAC_001	1512827	5340994	7	358	0
TR_PAC_004	1512826	5340896	4	5	0
TR_PAC_005	1512827	5340896	5	5	0
TR_PAC_006	1512820	5340859	5	5	0
TR_PAC_008	1512831	5340552	5	5	0
DD_PAC_035	1512893	5340880	118.5	264	-47
DD_PAC_036	1512893	5340880	191.8	292	-57
DD_PAC_037	1512893	5340880	254.1	219	-65
DD_PAC_038	1512871	5340729	115	265	-65
DD_PAC_039	1512871	5340729	138.1	338.9	-57.5
DD_PAC_040	1512887	5340639	154.1	225	-55

SOURCE Rua Gold Inc.

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RUA GOLD Announces C$8 Million Brokered Offering of Common Shares

This news release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination in the United States .

Rua Gold Inc. (CSE: RUA) (OTCQB: NZAUF) (WKN: A4010V) (" Rua Gold " or the " Company ") is pleased to announce that it has entered into an agreement with Cormark Securities Inc., as lead agent and on behalf of a syndicate of agents to be formed (collectively, the " Agents "), pursuant to which the Agents have agreed to act as agents on a "best efforts" basis, in connection with the public offering of 44,445,000 common shares in the capital of the Company (each, a " Common Share ") at a price of C$0.18 per Common Share (the " Offering Price ") for aggregate gross proceeds of C$8,000,100 (the " Offering "). The Offering is expected to close on or about July 25, 2024 (the " Closing Date "), or such other date as agreed upon between the Company and the Agents, and is subject to certain conditions including, but not limited to the receipt of all necessary regulatory approvals.

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Rua Gold Inc. (CSE: RUA) (OTC: NZAUF) (WKN: A4010V) (" Rua Gold " or the " Company ") provides a clarification in relation to its news release of July 15, 2024 (" Rua Gold to acquire Siren Gold's Reefton assets and become the dominant Reefton Goldfield explorer ").

Previously, the Company disclosed that "the tenements owned by [Reefton Resources Pty Limited] hosts a total JORC-compliant inferred mineral resource estimate (at a 1.5 g/t Au cut-off grade) containing 444koz Au @ 3.81g/t Au and 8.7kt Sb @ 1.5% Sb". The Company wishes to clarify that the tenements presently owned by Reefton Resources Pty Limited ("Reefton Resources") do not contain a current mineral resource estimate. The Company intended to disclose the aforementioned "inferred mineral resource estimate" as a "historical estimate" within the meaning of National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"). As a result, the Company also wishes to provide additional information and cautionary language required by NI 43-101.

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RUA GOLD permit and access extended for five years at the high grade Reefton Project and the Company targets Murray Creek in the near-mine drilling program

Rua Gold Inc. (CSE: RUA) (OTCQB: NZAUF) (WKN: A3DB6A) ("Rua Gold" or the "Company") is pleased to provide an exploration update for the Reefton Project on the South Island of New Zealand .

Permit and Land Access Agreements for drilling have been extended for a further 5 years

*Table* 1 *: Historical production from mines within the Reefton District (Barry, 1993).*
Lode	Easting	Northing	Quartz tonnes	Au (kg)	Total Production (Au oz)	Recovered grade (oz)	Recovered grade (g/t)
Inglewood- North Star, Phoenix, Victoria	1510233	5336224	52,945.9	1,053.7	33,877.2	0.6	19.9
Perseverance	1509653	5335145	57.9	0.6	19.3	0.3	10.4
Golden Fleece - Ajax Royal	1509544	5335654	136,642	2,787.8	89,629.9	0.7	20.4
Venus	1509084	5335145	11,046	219	7,041.0	0.6	19.8

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Intention to Spinout Blue Jay in 2025

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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") is pleased to announce that it has completed a first closing of its non-brokered private placement previously announced on October 30, 2024 for the sale of 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 Offering is being carried out pursuant to Part 5A of National Instrument 45-106 - Prospectus Exemptions - Listed Issuer Financing Exemption (the "LIFE Exemption") to purchasers resident in Canada, and in jurisdictions outside of Canada in compliance with the applicable securities laws of those jurisdictions. The Company has an offering document (the "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. Except for one US accredited investor, all other investors participating in the first closing subscribed for Units under the LIFE Exemption, and the Units issued pursuant to the LIFE Exemption are not subject to any statutory hold period in Canada. However, the Units issued to the US accredited investor are subject to Rule 144 resale restrictions under applicable US securities laws and will bear a legend to that effect

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Lode Gold Presents Strategic Initiatives and Exploration Plans at 121 Mining Investment Event in London, UK

Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: SBMIF) ("Lode Gold " or the "Company") is pleased to announce its participation and exhibition at the upcoming 121 Mining Investment event in London, UK on November 14 and 15, 2024. This conference serves as a platform for mining company executives to connect with portfolio managers and analysts from institutional funds, private equity groups, and family offices.

As part of its marketing and outreach efforts for Fall 2024, the Company will be having stakeholder meetings in London, Stuttgart, Frankfurt, Paris and Zurich.

Potential investors should take note of the upcoming catalysts:

New Brunswick: Planned Q1 2025 Drilling upon systematic exploration: geophysics, soil sampling, mapping, geochemistry. Completed 1600 soil samples, analysis in progress. Excalibur Mag work in progress.
Yukon: Plan to follow-up drilling on newly identified RIRGS targets on Tombstone Belt upon field work and detailed mapping.
California:
- Q4 2024 Revised NI 43-101 MRE (updating 2023 MRE 1 Moz (M&I) + 2 Moz (Inf) and investigating high grade underground potential)
- Brownfield project: Previously mined at 8 gpt, over 43,000 m drilled, step out holes hit structure (up to 1200 m). Only 11% of veins (2 out of 7 deposits) exploited. PEA 2023: NPV: USD $371M(5%) at $2000 /oz Au.
- Technical assessments: 23 km underground workings, possibility for a zero- emission mine.
- 4500 m Drill Plan to confirm high-grade underground potential at orogenic deposit with good continuity and structural control (stepout holes hit structure, up to 1200 m). Targeting 2 Moz at 5 g/t Au (with 3 g/t cut off) resource.

Lode Gold and the team invite interested investors and stakeholders to contact us and schedule an in-person meeting to learn about upcoming catalysts, the upcoming shareholder spinoff, and the exploration plans for 2024-2025. For more details, visit our website at www.lode-gold.com.

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.

Its Golden Culvert and WIN Projects in 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. A NI 43-101 technical report entitled "Technical Report on the WIN-Golden Culvert Property for Lode Gold" with an effective date of May 15, 2024, summarizing the work to date on these properties is available on the Company's profile on SEDAR+ (www.sedarplus.ca) and on the Company's website (www.lode-gold.com).

In New Brunswick, Lode Gold has created one of the largest land packages with a 42km strike within 420km². Its McIntyre Brook Project, New Brunswick, covering 111 km² and a 17-km strike length in the emerging Appalachian/Iapetus Gold Belt, is surrounded by Puma Exploration's Williams Brook Project (5.55 g/t Au over 50m)¹ and is hosted by orogenic rocks of similar age and structure as New Found Gold's Queensway Project. The Fancamp's Riley Brook is a 309 km² package covering a 25 km strike of Wapske formation with its numerous felsic units. Previous exploration efforts have focused on just VMS-style mineralization hosted in the felsic intrusions, and mostly focused on the base metals - the Company is the first to focus on and assay for gold. This transaction will close upon Exchange's acceptance.

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 Preliminary Economic Assessment ("PEA") with an after-tax NPV (5%) of USD $217M, a 21% IRR, 11-year LOM, averaging 118,000 Oz 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 $370M 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 which features five gold-mineralized zones. Significantly, three step-out holes at depth hit the mineralized structure, typical of orogenic deposits that often occur at depth. Fremont is located on 3,351 acres of 100% owned 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 NI 43-101 PEA technical report dated March 31, 2023, which is available on the Company's profile on SEDAR+ (www.sedarplus.ca) and on the Company's website (www.lode-gold.com). The PEA 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

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
+1-416-320-4388

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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	¹ Source: "Alexander River Mineral Resource Estimate Report" dated April 2023 and prepared by Christopher Grove, B App Sci, MAusIMM, principal geologist, and Matt Binks, senior geologist, of Measured Group Pty Ltd. Assumptions from source: The resource has been estimated based on an assumption of mechanised underground mining for the Alexander River deposit (long hole stoping or sub-level open stoping). No mining dimensions or dilution were considered. No metallurgical recovery factors were applied to the Mineral Resources Estimate.
	² Additional assumptions, parameters, and methods used to prepare the historical estimate, as identified by Mr. Simon Henderson: Geological wireframing in Leapfrog Geo; hard boundary compositing using Leapfrog – Edge Module (Leapfrog Edge); Variography and Ordinary Kriging using Leapfrog Edge; Block Model Estimation using Leapfrog Edge. The historical mineral resources are reported according to the terminology, definitions and guidelines given in the JORC Code (as defined herein).
	³ Source: "Mineral Resource Estimate Report – Big River Gold Project" dated June 2023 and authored by Mark McCulloch, BSc, MAusIMM, a consultant to Siren Gold Limited. Assumptions: The resource has been estimated based on an assumption of mechanised underground mining for the Big River deposit (long hole stoping or sub-level open stoping). No mining dimensions or dilution were considered. No metallurgical recovery factors were applied to the Mineral Resources Estimate. See also note 2.
	⁴ Source: "Mineral Resource Estimate Report – Supreme Gold Project" dated June 2023 and authored by Mark McCulloch, BSc, MAusIMM, a consultant to Siren Gold Limited. Assumptions: The resource has been estimated based on an assumption of mechanised underground mining for the Supreme deposit (long hole stoping or sub-level open stoping). No mining dimensions or dilution were considered. No metallurgical recovery factors were applied to the Mineral Resources Estimate. See also note 2.
	⁵ Source: "Mineral Resource Estimate Report – Auld Creek Project" dated October 2023 and authored by Mark McCulloch, BSC, MAusIMM, a consultant to Siren Gold Limited. Assumptions: The resource has been estimated based on an assumption of mechanised underground mining for the Fraternal deposit (long hole stoping or sub-level open stoping). No mining dimensions or dilution were considered. No metallurgical recovery factors were applied to the MRE. See also note 2.

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