Announcement • Jul 11

Lode Gold Resources Inc. Announces the Resolution of A Contractual Dispute Against the Company and 1475039 B.C. Ltd

Lode Gold Resources Inc. announced the resolution of a contractual dispute announced on February 13, 2026. A Notice of Claim was previously filed by a business partner against the Company and its former subsidiary, 1475039 B.C. Ltd. (now Gold Orogen Exploration Corp. and a wholly owned subsidiary of Gold Orogen Resources Corp. A settlement agreement has been entered into between the parties (the "Settlement"), whereby the Claim is being formally withdrawn and customary mutual releases provided between the parties relating to Claim matters. In addition, under the terms of the Settlement, the Company and it's former business partner will each invest $200,000 into Gold Orogen, subject to the approval and acceptance by the TSX Venture and Canadian Securities Exchanges, to bolster OROG's exploration programs. There are no other terms contained in the Settlement that materially affect Lode Gold. Simultaneous with the Settlement, it is anticipated Lode Gold will also enter into a shares-for-debt arrangement (the "Conversion Event"), subject to regulatory acceptance and approval, to settle certain amounts the Company is owed by Gold Orogen through the issuance of Gold Orogen shares. If the completion of the Settlement and the anticipated Conversion Event occur before Gold Orogen raises any additional capital, the Company would become a key shareholder along with the former business partner with both parties potentially holding an interest of up to 19.9% in Gold Orogen. Any further financing by Gold Orogen would dilute the Company's equity interest. The Company considers the litigation matter to now be fully resolved which will enable management and the entire Lode Gold team to again focus on advancing the Company's key business objectives.

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