Lode GOLD Provides First Tranche Closing Update FOR Upsized $9 Million Non-Brokered Private Placement
Trading symbols
TSX-V: LOD
OTCQB: LODFF
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES
LODE GOLD PROVIDES FIRST TRANCHE CLOSING UPDATE
FOR UPSIZED $9 MILLION NON-BROKERED PRIVATE PLACEMENT
July 28, 2026 - Lode Gold Resources Inc . (TSXV:LOD | OTCQB:LODFF) (“Lode Gold” or the
“Company”) As requested by the TSX Venture Exchange (“TSXV”), Lode Gold is issuing this new
release to provide additional information relating to and clarifying the status of its non-brokered
private placement financing (the “Offering”) upsized to CAD$9 million as announced on July 22nd,
2026. Being oversubscribed, subscriptions for the first tranche of the Offering were closed off on
July 22, 2026. With conditional approval for the expanded offering now received, the Company has
closed the first tranche of the Offering issuing 29,845,073 units at a price of CAD$0.27 per unit, for
gross proceeds of CAD$8,058,170. All securities issued will be subject to a statutory hold period in
accordance with TSXV Policies. The Company expects to complete the second and final tranche of
the Offering shortly.
ABOUT LODE GOLD
Lode Gold has key assets in Canada and the United States.
Fremont Gold Mine Project (Fremont Gold Mining LLC) is a brownfield project in Mariposa,
California with 43,000 m drilled, 10,000 underground channel samples, 14 adits and 2 shafts. Mining
halted in 1942 due to the gold mining prohibition during WW II. It was mined at 10.7 g/t when price
was gold was $35 per oz. PEA was completed (link) in 2023. The PEA was based on 1.16 Moz at 1.90
g/t Au within 19.0 Mt Indicated, and 2.02 MOz at 2.22 g/t Au within 28 Mt Inferred with a composite
cut-off[1]. MRE ( link) was updated in 2026; 89% of the ounces were left unmined if we compare
historical production with our current Indicated Resource. Average true widths at 1 g/t cut off is 53m.
Project sits on > 3,000 acres of 100% owned private and patented land which is designated as OZ,
Trump Administration Opportunity Zone (Special Tax Incentives).
Dingman Property is an orogenic deposit in Ontario, Canada with over 22,000 m drilled, with a 2013
PEA, MRE (link to report): 376,000 oz at 0.94 g/t within 12.5 Mt measured and indicated and 47,000
oz at 0.71 g/t within 2.1 Mt Inferred.
Trading symbols
TSX-V: LOD
OTCQB: LODFF
Qualified Person
The technical information contained in this press release was reviewed and approved by Gary Wong,
P .Eng., VP Exploration of Lode Gold, designated as a qualified person under NI 43-101.
ON BEHALF OF THE COMPANY
Wendy T. Chan
CEO & Director
+1(604) 977-GOLD (4653)
Kevin Shum
Investor Relations
+1(604) 977-GOLD (4653)
Cautionary Statement Regarding Forward-Looking Information
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined 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, statements 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 a nd forecasts and are often, but not always, identified 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 assumptions and estimates that, while considered reasonable by
management based on the business and markets in which the Company operates, are inherently subject to significant
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; relationships with strategic partners; the timing and receipt of
governmental permits and approvals; the timing and receipt of community and landowner approvals; changes i n
regulations; political factors; the accuracy of the Company’s interpretation of drill results; the geology, grade and continuity
Trading symbols
TSX-V: LOD
OTCQB: LODFF
of the Company’s mineral deposits; the availability of equipment, 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 differ materially from those anticipated in such statements. Important factors that could cause actual results to differ
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 refined, 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 approvals, business disruptions, and other exploration or other
risks detailed herein and from time to time in the filings made by the Company with securities 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.