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Lode Gold Resources Inc (2)
Symbol LOD
Shares Issued 58,962,261
Close 2026-02-27 C$ 0.395
Market Cap C$ 23,290,093
Recent Sedar+ Documents

Lode Gold closes RTO; Gold Orogen to trade March 2

2026-02-28 03:22 ET - News Release

Ms. Wendy Chan reports

LODE GOLD CLOSES RTO TRANSACTION, SUBSIDIARY GOLD OROGEN ("OROG") TRADES MARCH 2, 2026

Lode Gold Resources Inc. subsidiary company 1475039 B.C. Ltd.: (i) closed its plan of arrangement and reverse takeover transactions with the company and Great Republic Mining on Feb. 26, 2026; and (ii) today received final approval from the Canadian Securities Exchange for listing on the CSE as Gold Orogen Resources, the resulting issuer of the RTO. Trading of Gold Orogen's common shares on the CSE will commence on Monday, March 2, 2026, under the ticker symbol OROG.

"We are pleased to have the RTO completed, creating two separate public companies with their specific trajectories for growth and value creation for shareholders. The strategy to unlock value is now actively being executed at both companies. Gold Orogen has two highly prospective exploration assets, prediscovery, for the best optionality for investors. Lode Gold has an advanced-stage exploration/early-stage development project that are being rapidly advance to PFS spring 2027," said Wendy T. Chan, chief executive officer and director.

Previously, in March, 2023, the company completed a National Instrument 43-101 preliminary economic assessment on the Fremont gold mine. Project valuation has an after-tax net present value (5 per cent) of $554-million (U.S.) at $2,300 per ounce gold, internal rate of return of 42 per cent and an 11-year life of mine, averaging 118,000 oz per year. At $1,750 per oz gold, NPV (5 per cent) is $217-million. The PEA was done using an NI 43-101 resource of 1.16 million ounces at 1.90 grams per tonne Au within 19.0 million tonnes indicated and 2.02 Moz at 2.22 g/t Au within 28.3 Mt inferred. The mineral resource estimate evaluates only 1.4 kilometres of the four-kilometre strike of Fremont property. Three stepout holes at depth (up to 1,200 metres) hit structure and were mineralized.

All NI 43-101 technical reports are available on the company's profile on SEDAR+ and the company's website.

Additionally, Dingman, a non-core asset of Lode Gold, is getting primed for a near-term transaction.

The Dingman property is an orogenic deposit in Ontario, Canada, with over 22,000 m drilled, and a 2013 PEA, which confirms it is economic at $1,800 (U.S.) per oz Au, and an MRE at 376,000 oz (measured and indicated) and 47,000 oz (inferred).

Dingman is actively evaluating merger and acquisition or joint venture partnerships opportunities in the coming months.

The company has launched a program to develop a geological model, evaluating the project from a underground perspective and pursuing high-grade ore shoots. The work will be completed shortly.

Gold Orogen will be initiating drill programs for both its New Brunswick and Yukon projects in 2026.

The details of each of the programs are being finalized shortly.

In Yukon, it has four high-priority drill targets, three of which are reduced intrusive (reduced intrusion-related gold systems) targets, and one of which is a sedimentary-hosted orogenic target. This target was identified with the help of VRIFY's artificial intelligence, consisting of stacked veins.

In New Brunswick, it has confirmed gold mineralized rhyolites and the same geology as what Kinross-Puma has. It has recently completed first phase of drilling and is awaiting assay results.

No action required by Lode Gold shareholders to receive shares in Gold Orogen

All Lode Gold shareholders of record on the effective date will automatically receive a distribution of Gold Orogen shares, based on the ratio of 0.5739 OROG share for every one Lode Gold share held on the effective date. No action is required by Lode Gold shareholders to receive their OROG share distributions, which have been processed by the company's transfer agent for immediate delivery. The specific timing of OROG share receipt by individual shareholders may vary, as will be influenced by how their Lode Gode shares were previously registered and the protocols of any intermediaries involved administering their individual investment accounts.

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 drilled, 10,000 channel samples, 14 adits and two shafts. Mining halted in 1942 due to a gold mining prohibition during the Second Wordl War. It was mined at 10.7 g/t when price of gold was $35 per oz. The PEA was completed in 2023. The PEA was based on one Moz (M&I). The MRE was updated in 2025; 92 per cent of the ounces were left unmined. Average true widths at on 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, and a 2013 PEA and MRE of 6,000 oz (M&I) and 47,000 oz (inferred).

About Gold Orogen

Former Lode Gold subsidiary 1475039 B.C. Ltd. -- now Gold Orogen -- is an early-stage exploration pure play with quality assets in the Yukon and New Brunswick, Canada. Optionality exists as assets are diversified on two mineral belts that are known to have prolific gold endowment.

The New Brunswick assets, McIntyre Brook and Riley Brook, sit on a highly prospective belt that has seen many exciting discoveries including Dalradian, New Found Gold and Calibre Mining. Kinross-Puma surrounds McIntyre Brook. As part of the formation of Gold Orogen, a 19.9-per-cent strategic partner was brought in, and a joint venture was formed with each party contributing properties to create one of the largest land packages in New Brunswick with mineral rights spanning 445 square kilometres.

In the Yukon, Golden Culvert/Win sits on the southern end of the Tombstone belt, which in recent years has seen extensive exploration success. It has reduced intrusion-related gold system targets and sedimentary-hosted orogenic mineralization. Over 4,500 m has been drilled with 50 gram per metre intercepts.

Qualified person

The technical information contained in this press 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.

We seek Safe Harbor.

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