New MRE For The Fremont Gold Project

TORONTO - Lode Gold Resources Inc. anounced the positive results of its new 2025 Mineral Resource Estimation (MRE) at its Fremont Gold project in Mariposa County, California - 1.198 Moz 1 at 3.97 g/t of Recoverable Gold (1.297 Moz at 4.37 g/t Content Gold)2 at a 3 g/t cut-off with an average true width of 16.8 m.

This revised MRE is a new geological block model that is based on 43,000 m of drilling and 23 km of underground workings that includes veins and disseminated mineralized bodies contained in two separate domains, predicated on the structural controls of the higher-grade mineralization. A detailed analysis of cut-off grades has been reviewed to evaluate various mining methods to optimize project economics.

The Project is situated on 100% privately owned patented land spanning 3,351 acres. It is located ~120 km from Fresno and ~250 km from Sacramento with road, hydro, and railhead access. This area was the site of the original California Gold Rush in the 1800s. Of note, Mariposa County is one of the Trump Administration's dedicated Opportunity Zones, designated for expedited investments and tax credits.

2025 MRE: 1) 1.2 Moz Au at 3.97 g/t (cut-off 3 g/t), average true width of 16.8 m. 2) Half of the mineralization is in the veins; the other half is in the stockworks - outside the veins. 3) Consistency in grade is evidenced within and outside the veins in the dissemination mineralization. 4) The upcoming exploration program** includes systematic underground channel sampling and assaying to convert half of the current Inferred resources into the Measured and Indicated categories.

"We are pleased with the newly updated Mineral Resource Estimate (MRE) results, which builds on the Project's proven resource base. The professionally modelled and estimated mineral resource now provides added optionality and leverage. This creates an ideal platform for comparing and contrasting various development, mining, and production scenarios from technical, capital intensity, and market optics perspectives," said Jon Hill, a Director of the Board and Chair of the Technical Committee.

"The updated mineral resource model highlights thick (>15 m) gold mineralization, which supports the vital grade x thickness and ounces per vertical meter metrics. These metrics are fundamental requirements in any mining scenario for underpinning strong project economics. We look forward to progressing the necessary exploration and development work over the next months as we advance the Project's development."