Mr. John Barker reports

LONCOR GOLD PROVIDES CORPORATE UPDATE

Loncor Gold Inc., in response to an unsolicited, confidential non-binding offer received from an interested party for a potential transaction, has established a special committee of the board comprising only independent directors of the company (such directors being Kevin R. Baker, KC (chair), Richard J. Lachcik and William R. Wilson). The mandate of the special committee includes, among other things, (i) independently and objectively reviewing and considering the potential transaction and, if considered advisable by the special committee, alternative transactions that may be available to the company, and (ii) making recommendations to the board. No assurance can be provided that the company will enter into any transaction.

The company will provide further corporate updates as circumstances warrant and in accordance with applicable securities laws.

About Loncor Gold Inc.

Loncor is a Canadian gold exploration company focused on the Ngayu greenstone gold belt in the northeast of the Democratic Republic of the Congo (DRC). The Loncor team has over two decades of experience of operating in the DRC.

We seek Safe Harbor.