04:25:16 EDT Fri 10 Jul 2026
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Gold Orogen Resources Corp
Symbol OROG
Shares Issued 44,178,032
Close 2026-07-09 C$ 0.11
Market Cap C$ 4,859,584
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Gold Orogen resolves legal claim involving Lode

2026-07-09 21:40 ET - News Release

Ms. Wendy Chan reports

GOLD OROGEN RESOLVES LEGAL CLAIM AND SECURES ADDITIONAL INVESTMENT FROM STRATEGIC SUPPORTERS

Gold Orogen Resources Corp. has resolved a contractual dispute involving its wholly owned subsidiary, Gold Orogen Exploration Corp., formerly 1475039 B.C. Ltd. (Orogex), announced on Feb. 13, 2026. A notice of claim was previously filed by a business partner against Orogex, when it was a subsidiary of Lode Gold Resources Inc., and Lode Gold. The dispute had arisen prior to the closing on Feb. 26, 2026, of the company's acquisition of Orogex via a plan of arrangement and reverse takeover. A settlement agreement has been entered into between the parties, whereby the claim is being formally withdrawn and customary mutual releases provided between the parties relating to claim matters.

Under the terms of the settlement, Lode Gold and the company's business partner will each invest $200,000 into Gold Orogen for an aggregate of $400,000 for five million units at eight cents per unit, subject to the approval and acceptance by the TSX Venture Exchange and Canadian Securities Exchange, to bolster Gold Orogen's cash reserves. Each unit would consist of one common share and one common share purchase warrant at an exercise price of 10 cents for one additional share for a period of 36 months from issue date, with the warrant being subject to acceleration at the company's discretion, upon 30 days notice, if the company's shares traded at a price of 25 cents or higher for a minimum period of 10 consecutive trading days.

Other key terms of the settlement includes: (i) the transfer of 15 per cent of the company's interest in the Acadian joint venture to Goldera Exploration Ltd., an affiliate of Fancamp Exploration Ltd., co-owner and operator of Acadian; and (ii) payment of $93,261 to or as directed by Fancamp on or before Oct. 31, 2026. In the event the payment amount is not paid by the payment deadline, an additional 5 per cent of the company's interest in Acadian is to be automatically transferred to Fancamp or its affiliate, Goldera.

Simultaneous with the settlement, the company will also enter into a share-for-debt arrangement with Lode Gold, subject to regulatory acceptance and approval, to settle up to $700,000 of liabilities the company owes to Lode Gold through the issuance of up to 8.75 million shares of Gold Orogen at eight cents per share.

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

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

Qualified person

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

About Gold Orogen Resources Corp.

As the resulting issuer of the February, 2026, reverse takeover of Great Republic Mining by 1475039 B.C., former subsidiary of Lode Gold, Gold Orogen is an early-stage exploration pure play with quality assets in Yukon and New Brunswick, Canada. Optionality exists as assets are diversified on two mineral belts that are known to have prolific gold endowment.

New Brunswick assets

During late 2024, a joint venture was formed between subsidiary company 1475039 and the company's 19.9-per-cent strategic investor to create one of the largest land packages in New Brunswick, consisting of an area spanning 445 square kilometres (km) with a 44 km strike. The McIntyre Brook and Riley Brook properties sit on a highly prospective belt that has seen many exciting discoveries, including Dalradian, New Found Gold and Calibre Mining. The Kinross-Puma joint venture project surrounds McIntyre Brook.

Yukon assets

The Golden Culvert/WIN properties sit on the southern end of the Tombstone belt, which in recent years has seen extensive exploration success. It has reduced intrusion-related gold systems (RIRGS) targets and sedimentary-hosted orogenic mineralization. Over 4,500 metres (m) have been drilled with 50-gram-metre intercepts (This is not a truth width calculation as the true attitude of the mineralized body is unknown at this time.)

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