Lode GOLD Initiates New Mineral Resource Block Model FOR the Fremont GOLD MINE, California
Trading symbols
LOD:TSX-V
LODFF:US
LODE GOLD INITIATES NEW MINERAL RESOURCE BLOCK MODEL
FOR THE FREMONT GOLD MINE, CALIFORNIA
February 17, 2026, Lode Gold Resources Inc (TSX.V: LOD) (the “Company” or “Lode Gold”) is pleased
to announce the initiation of a new Mineral Resource Estimation (“MRE”) block model for its
flagship Fremont Gold Project in Mariposa, California, utilizing a new block model with over 7,000
historical underground channel samples recovered from original mine level maps and plans. These
samples were previously unavailable in digital format and significantly expand the data density within
the historically mined areas of the deposit.
The updated block model will re-interpret the Fremont deposit as a continuous mineralized body,
rather than discrete vein-only domains, and will evaluate the resource using a lower cut-oƯ grade,
supported by updated underground mining cost as sumptions provided by local contractors. This
approach reflects the Company’s strategic focus on bulk underground mining as outlined in recent
technical and economic studies.
The inclusion of this additional dataset is expect ed to enhance geological continuity, improve grade
distribution confidence, and support the evaluation of wider mining widths consistent with a bulk
underground mining scenario.
Jonathan Hill, Director and Chair of the Technical Committee of Lode Gold, commented:
“This new block model represents an important evolution in how we interpret the Fremont deposit.
By modelling the system as a continuous mineralized body and integrating thousands of newly
digitized historical channel samples, we are aligni ng the geological model with a bulk underground
mining approach that better reflects the scale, continuity and mining potential of the system. ”
Next Steps
The new Mineral Resource Estimation is currently underway and will be completed in accordance
with NI 43-101 standards. Further updates, including the results of the revised resource estimate,
will be provided once the work has been finalized and reviewed by Qualified Persons.
Trading symbols
LOD:TSX-V
LODFF:US
Fremont Gold Mine (Fremont):
Fremont is an advanced exploration and early development brown field project that was previously
mined at 10.7 gpt. Gold production halted in 1942 during WW II when gold mining was prohibited.
There has never been a change of use, it has been a mine since 1849, one of the first project that
started the California Gold Rush (1848 – 1855).
Fremont has 7 deposits on a 4km strike on the proli fic190 km Mother Lode Belt – only 2 of the 7 has
seen exploitation. Of the MRE 2025, only 8% has b een exploited – 92% is left to be mined in the
upcoming years. It has 42,717. 3 m drilled, 8,593 underground channel samples, 23 km of
underground workings, 20 adits 16 levels and 5 shafts. It sits on 3351 acres of patented private land
with 100% ownership of surface and mineral rights. It has road access, electricity and is close to rail
and airport (1.5 hours from Fresno, California).
About Lode Gold Inc.
Lode Gold (TSXV: LOD | LODFF:OTCQB) is an exploration and development company with projects in highly
prospective and safe mining jurisdictions in Canada and the United States.
In Canada Lode Gold holds assets in the Yukon and New Brunswick. Lode Gold’s Yukon assets are located
on the southern portion of the prolific Tombstone Belt and cover approximately 99.5 km2 across a 27 km
strike. Over 4,500 m have been drilled on the Yukon assets with confirmed gold endowment and economic
drill intercepts over 50 metres. There are four reduced-intrusive targets (RIRGS), in addition to sedimentary-
hosted orogenic exploration gold.
In New Brunswick, Lode Gold, through its subsidiary 1475039 B.C. Ltd., has created one of the largest land
packages in the province with its Acadian Gold Joint Venture, consisting of an area that spans 445 km2 with
a 44 km strike. It has confirmed gold endowment with mineralized rhyolites.
In the United States, the Company is focused on it s advanced exploration and development asset, the
Fremont Mine in Mariposa, California. It has a recent 2025 NI 43-101 report and compliant MRE that can be
accessed here https://lode-gold.com/project/freemont-gold-usa/
Fremont was previously mined until gold mining pr ohibition in WWII, when its mining license was
suspended. This asset has exploration upside and is open at depth (three step-out holes at 1,300 metres
hit structure and were mineralized) and on strike. Th is is a brownfield project with over 43,000 metres
drilled, 23 kilometres of underground workings and 14 adits. The project has excellent infrastructure with
close access to electricity, water, state highways, railhead and port.
Trading symbols
LOD:TSX-V
LODFF:US
The Company recently completed an in ternal scoping study evaluating the potential to resume operations
at Fremont based on 100% underground mining. Pr eviously, in March 2023, the Company completed a
Preliminary Economic Assessment (“PEA”) in accordan ce with NI 43-101 which evaluated a mix of open
pit and underground mining. The PEA and other technical reports prepared on the Company’s properties are
available on the Company’s profile on SEDAR+ ( www.sedarplus.ca) and the Company’s website
(www.lode-gold.com)
Qualified Person
The technical information contained in this press release was reviewed and approved by Gary Wong, P .Eng.,
Vice President Exploration of Lode Gold Resources Inc., designated as a Quali fied Person under National
Instrument 43-101.
ON BEHALF OF THE COMPANY
Wendy T. Chan
CEO & Director
CauƟonary Statement Regarding Forward-Looking InformaƟon
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is de fined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release includes “forward-looking statements” and “forward-looking information” within the meaning of
Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are
forward-looking statements including, without limitation, st atements with respect to the use of proceeds, advancement
and completion of resource calculation, feasibility studies, and exploration plans and targets. Forward-looking statements
include predictions, projections and forecasts and are often, but not always, identi fied by the use of words such as
“anticipate” , “believe” , “plan” , “estimate” , “expect” , “potential” , “target” , “budget” and “intend” and statements that an
event or result “may” , “will” , “should” , “could” or “might” occur or be achieved and other similar expressions and includes
the negatives thereof.
Forward-looking statements are based on a number of assump tions and estimates that, while considered reasonable by
management based on the business and markets in which the Company operates, are inherently subject to signi ficant
operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding,
among other things: the status of community relations and the security situation on site; general business and economic
conditions; the availability of additional exploration and mineral project financing; the supply and demand for, inventories
of, and the level and volatility of the prices of metals; rela tionships with strategic partners; the timing and receipt of
governmental permits and approvals; the timing and rece ipt of community and landowner approvals; changes in
regulations; political factors; the accuracy of the Company’s interpretation of drill results; the geology, grade and continuity
Trading symbols
LOD:TSX-V
LODFF:US
of the Company’s mineral deposits; the availability of equipm ent, skilled labour and services needed for the exploration
and development of mineral properties; and currency fluctuations.
There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events
could diƯer materially from those anticipated in such statements. Important factors that could cause actual results to diƯer
materially from the Company’s expectations include a deterioration of security on site or actions by the local community
that inhibits access and/or the ability to productively work on site, actual exploration results, interpretation of metallurgical
characteristics of the mineralization, changes in project parameters as plans continue to be re fined, future metal prices,
availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks,
regulatory changes, delays or inability to receive required ap provals, business disruptions, and other exploration or other
risks detailed herein and from time to time in the filings made by the Company with secu rities regulators, including those
described under the heading “Risks and Uncertainties” in the Company’s most recently filed MD&A. The Company does
not undertake to update or revise any forward-looking statements, except in accordance with applicable law.