LAKE VICTORIA GOLD TO ISSUE SHARES TO PAY DEBENTURE INTEREST Vancouver, British Columbia – January 5 th 2026 – Lake Victoria Gold Ltd. (TSXV: LVG |
- 1 -
LAKE VICTORIA GOLD TO ISSUE SHARES TO PAY DEBENTURE INTEREST
Vancouver, British Columbia – January 5 th 2026 – Lake Victoria Gold Ltd. (TSXV: LVG |
OTCQB: LVGLF | FSE: E1K) (“LVG” or the “Company”) – announces that under the terms of the
$750,000 of convertible debentures issued on July 26, 2024 and August 8, 2024, it has elected to satisfy its
obligation to pay an aggregate of $44,665.64 in interest accrued on the convertible debentures up to
December 31st 2025 by issuing to such debenture holders an aggregate of 148,886 common shares in the
capital of the Company (the “Shares”) at a price of $0.30 per Share, as determined in accordance with the
debenture terms.
The issuance of the Shares is subject to the approval of the TSX Venture Exchange.
About Lake Victoria Gold (LVG):
Lake Victoria Gold is a rapidly growing gold exploration and development company listed on the TSX
Venture Exchange under the symbol LVG. Leveraging our unique position and experience, the Company
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 Bulyanhulu Mine. The Company also holds a 100% interest in the Imwelo
Project which is a fully permitted gold project we st of AngloGold Ashanti’s Geita Gold Mine. With
historical resource estimates and a 2021 pre -feasibility study, the project is fully permitted for mine
construction and production, positioning it as a near-term development opportunity.
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 60% of the shares.
Notably, the Company is grateful for the validation that comes with the support and equity investment
from Barrick and recent strategic partnership with Taifa Group.
On Behalf of the Board of Directors of the Company,
Simon Benstead
Executive Chairman & CFO
Phone: +1 604-685-9316
Email: [email protected]
For more information please contact:
Simon Benstead
Executive Chairman & CFO
Phone:+ 1 604-685-9316
Email: [email protected]
Marc Cernovitch
CEO & Director
Phone: +1 604-685-9316
Email: [email protected]
- 2 -
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 NEWS RELEASE.
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain “forward -looking information” within the meaning of applicable
Canadian securities legislation, including: the completion of transaction and obtaining regulatory
approval for the transaction. All statements in this news r elease that address events or developments that
we expect to occur in the future are forward -looking statements. Forward- looking statements are
statements that are not historical facts and are generally, although not always, identified by words such as
“expect”, “plan”, “anticipate”, “project”, “target”, “potential”, “schedule”, “forecast”, “budget”,
“estimate”, “intend” or “believe” and similar expressions or their negative connotations, or that events
or conditions “will”, “would”, “may”, “could”, “should” or “might” occur. All such forward -looking
statements are based on the opinions and estimates of management as of the date such statements are made.
Forward-looking statements necessarily involve assumptions, risks and uncertainties, certain of which are
beyond LVG’s control, including risks associated with or related to: receipt of all regulatory approvals;
the state of financing availability; the volatility of metal prices and LVG’s common shares; actual
exploration or development plans and costs differing materially from the Company’s estimates; and other
risks disclosed in the Company’s public filings.
LVG’s forward-looking statements are based on the opinions and estimates of management and reflect their
current expectations regarding future events and operating performance and speak only as of the date
hereof. LVG does not assume any obligation to upda te forward-looking statements if circumstances or
management's beliefs, expectations or opinions should change other than as required by applicable law.
There can be no assurance that forward- looking statements will prove to be accurate, and actual results ,
performance or achievements could differ materially from those expressed in, or implied by, these forward-
looking statements. Accordingly, no assurance can be given that any events anticipated by the forward-
looking statements will transpire or occur, or if any of them do, what benefits or liabilities LVG will derive
therefrom. For the reasons set forth above, undue reliance should not be placed on forward -looking
statements.