Ms. Wendy Chan reports

LODE GOLD RESOLVES LEGAL CLAIM

Lode Gold Resources Inc. has resolved a contractual dispute announced on Feb. 13, 2026. A notice of claim was previously filed by a business partner against the company and its former subsidiary, 1475039 B.C. Ltd. (now Gold Orogen Exploration Corp. and a wholly owned subsidiary of Gold Orogen Resources Corp.). A settlement agreement has been entered into between the parties, whereby the claim is being formally withdrawn and customary mutual releases provided between the parties relating to claim matters.

In addition, under the terms of the settlement, the company and its former business partner will each invest $200,000 into Gold Orogen Resources, subject to the approval and acceptance by the TSX Venture and Canadian Securities Exchanges, to bolster Gold Orogen Resources's exploration programs. There are no other terms contained in the settlement that materially affect Lode Gold.

Simultaneous with the settlement, it is anticipated Lode Gold will also enter into a share-for-debt arrangement, subject to regulatory acceptance and approval, to settle certain amounts the company is owed by Gold Orogen Resources through the issuance of Gold Orogen Resources shares.

If the completion of the settlement and the anticipated conversion event occur before Gold Orogen Resources raises any additional capital, the company would become a key shareholder along with the former business partner with both parties potentially holding an interest of up to 19.9 per cent in Gold Orogen Resources. Any further financing by Gold Orogen Resources would dilute the company's equity interest.

The company considers the litigation matter to now be fully resolved, which will enable management and the entire Lode Gold team to again focus on advancing the company's key business objectives.

About Lode Gold Resources Inc.

Lode Gold has key assets in Canada and United States.

The Fremont gold mine project (Fremont Gold Mining LLC) is a brownfield project in Mariposa, Calif., with 43,000 metres (m) drilled, 10,000 underground channel samples, 14 adits and two shafts. Mining halted in 1942 due to the gold mining prohibition during the Second World War. It was mined at 10.7 grams per tonne (g/t) when price was gold was $35 per ounce (oz). A PEA (preliminary economic assessment) was completed in 2023. The PEA was based on 1.16 million oz at 1.90 g/t Au within 19.0 million tonnes (t) indicated and 2.02 million oz at 2.22 g/t Au within 28 million t inferred with a composite cut-off (1). The MRE (mineral resource estimate) was updated in 2025; 92 per cent of the ounces were left unmined. The average true width at one g/t cut-off is 53 m. The project sits on greater than 3,000 acres of 100-per-cent-owned private and patented land, which is designated as OZ (Trump administration opportunity zone (special tax incentives)).

The Dingman property is an orogenic deposit in Ontario, Canada, with over 22,000 m drilled, with a 2013 PEA and MRE: 376,000 oz at 0.94 g/t (M&I (measured and indicated)) and 47,000 oz at 0.71 g/t (inferred).

Qualified person

The technical information contained in this news release was reviewed and approved by Gary Wong, PEng, vice-president, exploration, of Lode Gold, designated as a qualified person under National Instrument 43-101.

(1) 0.25 g/t for oxide, 0.45 g/t for open-pit mineralization and 1.45 g/t for underground mineralization.

We seek Safe Harbor.