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LCR.CN ·

Pr

Corporate Updates

September

12,

2025

Lancaster

Resources

Appoints

Veteran

Explorer

Ross

Brown

as

VP,

Exploration

to

Lead

Lake

Cargelligo

Gold

Project

Amid

Record

Gold

Prices

Vancouver,

British

Columbia

-

Lancaster

Resources

Inc.

(CSE:LCR

|

OTC:LANRF

|

FRA:6UF0)

(

the

“Company”

or

“Lancaster”)

is

pleased

to

announce

the

appointment

of

Ross

Brown

as

Vice

President

of

Exploration

to

spearhead

the

advancement

of

Lancaster’s

flagship

Lake

Cargelligo

Gold

Project

in

New

South

Wales,

Australia.

The

announcement

comes

as

gold

surges

to

its

highest

price

in

history

,

creating

the

perfect

backdrop

for

Lancaster’s

push

into

one

of

Australia’s

most

prolific

gold

belts.

Highlights

●

Gold

at

all-time

highs

–

appointment

aligns

with

record

investor

demand

for

gold

exploration.

●

Ross

Brown

joins

as

VP

Exploration

–

over

40

years

of

discovery

success

in

Australia

and

abroad.

●

Proven

track

record

–

founder

of

ASX-listed

Oklo

Uranium

and

Inca

Minerals,

founded/co-founded

numerous

other

exploration

companies;

●

Flagship

project

positioned

for

discovery

–

Lake

Cargelligo

spans

28,768

hectares

in

the

gold-rich

Central

Lachlan

Fold

Belt.

●

High-grade

historical

results

–

up

to

204

g/t

Au

and

273

g/t

Ag

from

rock

chips;

16m

@

5.83

g/t

Au

and

7.20

g/t

Ag

from

channel

sampling.

1

●

Next

steps

–

exploration

work

in

progress

to

define

high-priority

drill

targets

and

advance

toward

drilling.

1

Sources

include:

(1)

Carpentaria

Exploration

Ltd.,

2014

Annual

Report

for

EL8095;

(2)

Aberfoyle

Exploration

Pty

Ltd.,

First

and

Final

Report

for

EL1770,

June

1982;

(3)

Lachlan

Resources

N.L.,

First

Six-Month

Progress

Report

for

EL2914;

and

(4)

MinView

database

from

the

Geological

Survey

of

NSW

(

https://www.resources.nsw.gov.au/geological-survey/mi

nview

).

Ross

Brown

is

a

discovery-focused

leader

in

the

exploration

sector,

with

deep

expertise

across

gold,

copper,

silver,

uranium,

and

polymetallic

systems.

His

entrepreneurial

track

record

includes

building

ASX-listed

companies

from

the

ground

up

and

consistently

generating

value

for

shareholders.

“Bringing

Ross

Brown

on

board

marks

a

turning

point

for

Lancaster,”

said

Andrew

Watson,

CEO

of

Lancaster

Resources.

“With

gold

prices

hitting

record

highs

and

investor

appetite

stronger

than

ever,

Ross’s

leadership

gives

Lancaster

the

technical

depth

and

discovery

record

to

unlock

Lake

Cargelligo’s

true

potential.

This

is

more

than

an

appointment

—

it’s

the

beginning

of

a

new

chapter

of

discovery

for

Lancaster.”

Lancaster’s

near-term

exploration

program

at

Lake

Cargelligo

will

include

geological

mapping,

geochemistry,

and

updated

geophysics,

designed

to

rapidly

define

drill

targets

and

accelerate

the

project’s

advancement.

About

Ross

Brown

Ross

Brown

has

nearly

four

decades

of

exploration

success

across

Australia,

Africa,

and

South

America.

He

was

the

founder

and

Managing

Director

of

Oklo

Uranium

and

Inca

Minerals

,

two

ASX-listed

companies

that

advanced

early-stage

projects

into

high-profile

exploration

plays.

Over

his

career,

Ross

has:

●

Founded

and

grown

multiple

successful

exploration

ventures

●

Built

a

reputation

for

expertise

across

multiple

deposit

types,

including

porphyry,

IOCG,

epithermal,

intrusion-related,

sedimentary,

and

polymetallic

systems.

●

Actively

contributed

to

the

professional

community

as

a

member

of

AusIMM

.

Ross

is

also

known

for

his

ability

to

communicate

complex

geology

in

clear,

accessible

terms

,

both

to

technical

teams

and

to

investors,

a

skill

that

will

be

instrumental

in

advancing

Lancaster’s

gold

story

at

Lake

Cargelligo.

Mr.

Brown

is

also

a

Director,

Company

Secretary,

and

Public

Officer

of

Lancaster’s

wholly

owned

subsidiary,

Lancaster

Gold

Australia

Pty

Ltd.,

which

holds

the

Lake

Cargelligo

Gold

Project.

Andrew

Watson,

P.Eng.,

President,

CEO,

and

a

Director

of

the

Company,

is

a

Qualified

Person

as

defined

under

National

Instrument

43-101

–

Standards

of

Disclosure

for

Mineral

Projects

.

Mr.

Watson

has

reviewed

and

approved

the

scientific

and

technical

information

contained

in

this

news

release.

Mr.

Watson

is

the

President

and

Chief

Executive

Officer

and

a

Director

of

the

Company

and

is

not

independent

of

the

Company.

About

Lancaster

Resources

Inc.

Lancaster

Resources

is

a

Canadian

exploration

company

advancing

a

portfolio

of

critical

mineral

and

gold

projects

in

established

mining

jurisdictions.

The

company

holds

a

100-per-cent

interest

in

the

Lake

Cargelligo

gold

project

in

New

South

Wales,

Australia,

covering

more

than

28,768

hectares

with

a

history

of

drilling

and

exploration.

In

Canada,

Lancaster's

assets

include

the

Lac

Iris

polymetallic

project

and

an

option

to

acquire

the

Trans-Taiga

project

in

Quebec's

James

Bay

region,

as

well

as

the

Piney

Lake

gold

project

and

uranium

projects

at

Catley

Lake

and

Centennial

East

in

Saskatchewan's

Athabasca

basin.

Lancaster's

diversified

land

position

provides

exposure

to

gold,

uranium,

polymetallic

and

lithium

exploration

opportunities.

Andrew

Watson,

President

&

Chief

Executive

Officer,

Lancaster

Resources

Inc.

[email protected]

Tel:

604

923

6100

www.lancaster-resources.com

The

Canadian

Securities

Exchange

has

neither

reviewed,

approved,

nor

disapproved

the

contents

of

this

news

release.

Cautionary

Statement

Regarding

Forward-Looking

Statements

Certain

statements

contained

in

this

press

release

constitute

forward-looking

information.

These

statements

relate

to

future

events

or

Lancaster’s

future

performance.

The

use

of

any

of

the

words

“could”,

“expect”,

“believe”,

“will”,

“projected”,

”estimated”

and

similar

expressions

and

statements

relating

to

matters

that

are

not

historical

facts

are

intended

to

identify

forward-looking

information

and

are

based

on

Lancaster’s

current

belief

or

assumptions

as

to

the

outcome

and

timing

of

such

future

events.

Actual

future

results

may

differ

materially.

In

particular,

the

ability

of

Lancaster

to

execute

its

exploration

plans,

raise

capital,

retain

key

personnel,

identify,

acquire,

explore,

and

develop

high-quality

mineral-rich

properties

constitutes

forward-looking

information.

Actual

results

and

developments

may

differ

materially

from

those

contemplated

by

forward-looking

information.

Readers

are

cautioned

not

to

place

undue

reliance

on

forward-looking

information.

The

statements

made

in

this

press

release

are

made

as

of

the

date

hereof.

Lancaster

disclaims

any

intention

or

obligation

to

publicly

update

or

revise

any

forward-looking

information,

whether

as

a

result

of

new

information,

future

events

or

otherwise,

except

as

may

be

expressly

required

by

applicable

securities

laws.