Mr. Simon Benstead reports

LAKE VICTORIA GOLD ADVANCES FINAL PIT DESIGN WITH COMPLETION OF GEOTECHNICAL AND SPECIFIC GRAVITY STUDIES AT IMWELO

Lake Victoria Gold Ltd. has completed field data collection for geotechnical studies supporting final open-pit designs at the company's Imwelo project. In addition, specific gravity measurements were completed on selected drill holes covering the strike extent of the planned first production area at Area C. These studies represent a key step toward near-term production planning at the company's initial mining area.

Two dedicated geotechnical drill holes, IMWDR016 and IMWDR019, were completed. Specific gravity measurements were conducted on multiple rock types from core collected during the resource drilling campaign to support initial open-pit mining at Area C.

The resource infill and geotechnical program utilizes RC precollars with diamond core tails to maximize geological, geotechnical, metallurgical and mineralogical data to support final pit-shell optimization, processing design and the evaluation of future underground mining potential.

Highlights:

• IMWDR016 and IMWDR019: completed drilling to 150 metres and 163 metres depth, respectively; geotechnical logging and data capture were completed, and samples have been submitted for rock strength characterization laboratory testing.
• The results will inform final pit designs for the start of production.
• Approximately 200 core samples from the resource infill drilling program were measured for specific gravity of different rock types, including laterite, saprolite, saprock and fresh rock.

Hendrick Mering, exploration manager, commented: "With the benefit of the latest infill drilling, geotechnical logging and specific gravity measurements, the geological and structural picture at Area C has tightened up considerably. From an exploration and mine-planning perspective, the technical data strongly supports the concept of a single, continuous open pit covering the full mineralized trend, rather than multiple isolated pits."

Key technical take-aways:

• Drilling core data have been logged and core samples submitted to laboratory for rock property testing. Final pit designs are in progress, and current geological and geotechnical interpretations indicate the potential for optimization and consolidation of the previously modelled pit designs, subject to continuing engineering work.
• Geotechnical data capture included core from 21 completed resource infill drill holes.
• Specific gravity measurements enabled accurate delineation of oxide, transitional (oxide ore) and fresh rock (sulphide ore) domains to support the updated mineral resource estimate and eventual ore classification during mining.

Marc Cernovitch, president and chief executive officer, commented: "Completing these programs marks another clear step toward production at Imwelo. As we finalize pit designs at Area C, the project continues to transition from technical studies into the development phase, aligning with our strategy of advancing high-quality assets toward cash flow."

Cautionary note on production decision

Although Imwelo has been the subject of JORC-compliant (Joint Ore Reserves Committee) PEA (preliminary economic assessment), PFS (prefeasibility study) and updated PFS work, these foreign-code studies are not current under National Instrument 43-101. The company has not completed a feasibility study on Imwelo that establishes mineral reserves demonstrating economic and technical viability and is not treating the JORC-based estimates or analyses as current under CIM (Canadian Institute of Mining, Metallurgy and Petroleum) definition standards. Any decision to commence production is not based on a feasibility study of mineral reserves and therefore involves increased uncertainty and a higher risk of economic and technical failure. There is no certainty that the planned low-capital-expenditure open-pit operation will be economically viable or that production will occur as anticipated. Risks include, without limitation, variations in grade and recovery, unexpected geotechnical or metallurgical challenges, cost overruns, financing availability, and operational, regulatory or permitting risks.

Qualified person

The scientific and technical information in this news release has been reviewed and approved by David Scott, PrSciNat, who is a qualified person as defined by NI 43-101, Standards of Disclosure for Mineral Projects. Mr. Scott is a director and officer of the company.

About Lake Victoria Gold Ltd.

Lake Victoria Gold is a rapidly growing gold exploration and development company listed on the TSX Venture Exchange under the symbol LVG. Leveraging its unique position and experience, the company is principally focused on growth and consolidation in the highly prolific and prospective Lake Victoria goldfield in Tanzania.

The company has a 100-per-cent interest in the Tembo project, which has over 50,000 metres of drilling and is located adjacent to Barrick's Bulyanhulu mine. The company also holds a 100-per-cent interest in the Imwelo project, which is a fully permitted gold project west of AngloGold Ashanti's Geita gold mine. With historical resource estimates and a 2021 prefeasibility study, the project is fully permitted for mine construction and production, positioning it as a near-term development opportunity.

Lake Victoria Gold has assembled a highly experienced team with a record of developing, financing and operating mining projects in Africa with management, directors and partners owning more than 60 per cent of the shares. Notably, the company is grateful for the validation that comes with the support and equity investment from Barrick and recent strategic partnership with Taifa Group.

Taifa Group (a diverse group of companies with interests in amongst others, mining, telecommunications, oil and gas, agribusiness, pharmaceuticals, and leather) has entered into an agreement with the company to obtain an equity stake in the company and through its wholly owned subsidiary, Taifa Mining (a wholly Tanzanian-owned company), or other nominees. Taifa Mining will also conduct all the contract mining and civil works for the Imwelo project. Taifa Mining is Tanzania's largest mining contractor with over 30 years of mining-related experience. Taifa has been the contractor of choice to most mines in Tanzania and has maintained long and successful relationships with companies such as Petra, De Beers, Barrick and AngloGold Ashanti. In addition, Taifa also owns the largest fleet of mining equipment in Tanzania. As a company, Taifa is committed to adopting and adhering to the latest internationally recognized standards throughout all aspects of its business.

We seek Safe Harbor.