Announcement • Apr 02
Lake Victoria Gold Ltd. announced that it expects to receive CAD 3 million in funding Lake Victoria Gold Ltd. announces a non-brokered private placement with Monetary Metals & Co to issue 5% unsecured convertible debentures for gross proceeds of CAD 3,000,000 On April 1, 2026. The debentures will bear interest at 5% per annum, payable semi-annually in cash, and will have a 36-month term. The debentures will constitute unsecured obligations of the company, ranking pari passu with all other unsecured indebtedness and subordinate to any present or future secured debt obligations of the company. The principal amount of the debentures will be convertible, at the option of the holder, into common shares of the company at a price of CAD 0.31 per share, subject to customary adjustments. In connection with the debentures, investors will receive warrants to purchase a number of shares equal to 50% of the number of shares issuable upon conversion of the debentures, exercisable at CAD 0.40 per share for a period of 36 months. Insiders of the company may participate in the private placement. All securities issued pursuant to the private placement will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable Canadian securities laws. The private placement remains subject to the approval of the TSX-V. New Risk • Mar 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 28% per year over the past 5 years. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (CA$47.9m market cap, or US$34.8m). Announcement • Jan 27
Lake Victoria Gold Ltd. Advances Final Pit Design with Completion of Geotechnical Studies At Imwelo Lake Victoria Gold Ltd. announced the completion of field data collection for geotechnical studies supporting final open-pit designs at the Company's Imwelo Project. In addition, specific gravity measurements were completed on selected drill holes covering the strike extent of the planned first production area at Area C. These studies represent a key step toward near-term production planning at the Company's initial mining area. Two dedicated geotechnical drill holes, IMWDR016 and IMWDR019, were completed. Specific gravity measurements were conducted on multiple rock types from core collected during the resource drilling campaign to support initial open-pit mining at Area C. The resource infill and geotechnical program utilizes RC pre-collars with diamond-core tails to maximize geological, geotechnical, metallurgical, and mineralogical data to support final pit-shell optimization, processing design, and the evaluation of future underground mining potential. Highlights. IMWDR016 and IM WDR019: Completed drilling to 150m and 163m depth, respectively. Geotechnical logging and data capture were completed, and samples have been submitted for rock strength characterisation laboratory testing. Final pit designs are in progress, and current geological and geotechnical interpretations indicate the potential for optimization and consolidation of the previously modelled pit designs, subject to ongoing engineering work. Geotechnical data capture included core from 21 completed resource infill drill holes. Specific gravity measurements enabled accurate delineation of oxide, transitional (oxide ore), and fresh rock (sulphide ore) domains to support the updated mineral resource estimate and eventual ore classification during mining. The Company has not completed a feasibility study on Imwelo that establishes mineral reserves demonstrating economic and technical viability and is not treating the JORC-based estimates or analyses as current under CIM Definition Standards. Any decision to commence production is not based on a feasibility study of mineral reserves and therefore involves increased uncertainty and a higher risk of economic and technical failure. 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. This news release includes certain "forward-looking information" within the meaning of applicable Canadian securities legislation, including: future exploration and development plans with respect to the Imwelo Project, contract work on the Imwelo Project by Taifa Mining, securing additional financing for the development costs of the Imwelo project, the closing of the acquisition of the Imwelo Project and the concurrent financing, including the satisfaction of the closing conditions thereunder, and receipt of all regulatory approvals, including the approval of the TSX Venture Exchange for the acquisition and financing. 
