Ms. Wendy Chan reports

LODE GOLD APPOINTS QI GUO TO BOARD OF DIRECTORS

Lode Gold Resources Inc. has appointed Qi Guo to its board of directors.

Mr. Guo is a seasoned mining investor and an engaged shareholder; he has been instrumental in consistently supporting various mining companies growth trajectories over time. He is the founder, chief executive officer and portfolio manager of EDE Asset Management Inc., a Canadian investment management firm registered as a portfolio manager, investment fund manager and exempt market dealer in multiple Canadian jurisdictions.

"I am very pleased to join the board of Lode Gold," said Mr. Guo. "As a resource investor who is long term, I believe Fremont gold mine represents a compelling opportunity with substantial unrealized value. I look forward to working with the board and management to contribute my experience in mining investment, capital allocation and capital markets. I plan to leverage my industry network to broaden investor outreach to unlock the full potential of Fremont and create long-term value for all shareholders."

He has nearly two decades of public market investment experience, with a primary focus on precious metals, base metals and junior mining companies. Since establishing EDE in 2016, he has led the firm's investment research, portfolio management, corporate finance and capital raising activities, and has supported numerous Canadian-listed resource companies through various stages of exploration and development.

Lastly, Mr. Guo brings extensive experience in mining investment analysis, capital allocation, corporate strategy, shareholder engagement and capital markets. He also brings significant cross-border experience and strong relationships within Canada's Chinese-speaking investment community and across Asian capital markets. He holds the chartered investment manager designation and is based in Toronto, Canada.

"Qi brings a valuable combination of mining investment experience, capital markets expertise and strong industry relationships," said Hashim Ahmed, chairman of the board. "Through EDE Asset Management, he has a strong track record of identifying undervalued opportunities and supporting resource companies through important stages of their development. We are very pleased to welcome Qi to the board and look forward to his contribution as Lode Gold expands its capital markets reach and advances at Fremont gold mine."

Grant of long-term incentives

The company has granted 2.25 million deferred share units (DSUs) under its approved omnibus long-term incentive plan.

The DSUs were granted to certain directors, officers, advisers and consultants of the company, in accordance with the plan. Each DSU entitles the holder to receive one Lode Gold common share upon vesting. The DSUs will vest 50 per cent immediately and 50 per cent on the grant date's first anniversary, and are subject to TSX Venture Exchange approval.

The grant of DSUs is intended to align the interests of the Lode Gold's directors, officers, advisers and consultants with those of shareholders and to promote the long-term success of the company.

About Lode Gold Resources Inc.

Lode Gold has key assets in Canada and the 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 preliminary economic assessment (PEA) was completed in 2023. The PEA was based on 1.16 million oz at 1.90 g/t gold (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 mineral resource estimate (MRE) was updated in 2026; 89 per cent of the ounces were left unmined if the company compares historical production with its current indicated resource. Average true widths at one g/t cut-off is 53 m. The project sits on more 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, MRE: 376,000 oz at 0.94 g/t within 12.5 million t measured and indicated, and 47,000 oz at 0.71 g/t within 2.1 million t inferred.

Qualified person

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

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