Lake Victoria GOLD Announces Results of Annual General Meeting
LAKE VICTORIA GOLD ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING
February 8, 2024, Vancouver, BC – Lake Victoria Gold Limited . (TSXV:LVG) (OTCQB:LVGLF) (“LVG”, or the
“Company”) – is pleased to report that at the annual general meeting of shareholders of the Company (the
“Meeting”) held on February 7, 2024, the shareholders elected incumbent directors Marc Cernovitch, Simon
Benstead, David Scott, Frank Högel and Seth Dickinson to the Board . In addition, s hareholders elected new
director Dean Comand. Mr. Comand is a self-employed consultant providing support to executive teams in a
variety of sectors (mining and metals, utilities, energy, construction, infrastructure).
Shareholders also passed resolutions to re -appoint Grant Thornton LLP as auditor of the Company and ratify
the existing 10% rolling stock option plan, pursuant to which the Company may grant stock options up to 10%
of its issued and outstanding common shares at the time of the grant.
Following the Meeting, the directors appointed Marc Cernovitch as Chief Executive Officer of the Company,
Simon Benstead as Executive Chairman and Chief Financial Officer, David Scott as Managing Director Tanzania,
Seth Dickinson as Chief Operating Officer and Nick DeMare as Corporate Secretary.
About Lake Victoria Gold (LVG):
Lake Victoria Gold is a rapidly growing gold exploration and development company listed on the TSX Ven ture
Exchange under the symbol LVG . Leveraging our uniqu e position and experience, the C ompany is principally
focused on growth and consolidation in the highly prolific and prospective Lake Victoria Goldfield in Tanzania.
The Company has a 100% interest in the Tembo project which has over 50 thousand meters of drilling and is
located adjacent to Barrick’s 20Moz Bulyanhulu Mine. The Company recently announced the acquisition of two
deposits that support our objective of accretive growth and consolidation. The Imwelo project and Dora project
both have potential for significant growth.
LVG has assembled a highly experienced team with a track record of developing, financing, and operating
mining projects in Africa with management, directors and partners owning more than 6 0% of the shares.
Notably, the Company is grateful for the validation that comes with the support and equity investment from
Barrick Gold and recent strategic partnership with Taifa Group.
Taifa Group (a diverse group of companies with interests in amongst others, Mining, Telecoms, Oil & Gas, Agri
Business, Pharmaceuticals and Leather) has entered into an agreement with the Company to obtain an equity
stake in the Company and through its wholly owned subsidiary Taifa Mining (a wholly Tanzanian owned
company), or other nominees . Taifa Mining will also carry out all the contract mining and civil works for the
Imwelo project. Taifa Mining is Tanzania’s largest mining contractor with over 30 year s mining related
experience. Taifa have been the contractor of choice to most mines in Tanzania and have maintained long and
successful relationships with companies such as Petra, De Beers, Barrick, and AngloGold Ashanti. In addition,
Taifa also owns the largest fleet of mining equipment in Tanzania. As a company, Taifa is committed to adopting
and adhering to the latest internationally recognized standards throughout all aspects of its business.
On Behalf of the Board of Directors of the Company,
Simon Benstead
Executive Chairman & CFO
Phone: +1 604-685-9316
Email: [email protected]
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For more information please contact:
Simon Benstead Marc Cernovitch
Executive Chairman & CFO CEO & Director
Phone:+ 1 604-685-9316 Phone: +1 647-203-7868
Email: [email protected] Email: [email protected]
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