Lake Victoria Gold Ltd · TSXV:LVG
Lake Victoria Gold — Investor Presentation (May 2026)
20 slides from Lake Victoria Gold's investor presentation, May 13, 2026
Slide 1: Lake Victoria Gold
TSX-V: LVG 1 LAKEVICTORIAGOLD.COM
Slide 2: Forward-looking statements and historical resource notice
This presentation includes certain statements that may be deemed forward-looking. All A qualified person has not done sufficient work to classify the Historical Resource statements in this presentation, other than statements of historical facts, that address future Estimate as current mineral resour
Slide 3: Strategic partnership, Imwelo, Tembo and untapped potential
STRATEGIC PARTNERSHIP IMWELO DEVELOPMENT PROJECT TEMBO EXPLORATION PROJECT UNTAPPED POTENTIAL Financing partnership with Taifa Fully permitted for production with a Adjacent to Barrick’s 20M oz Tanzania remains largely Group, led by Tanzanian tycoon clear path to cash flow. Bulyanhulu Mine, with 50,
Slide 4: Capital Structure
Capital Structure ABOUT LAKE VICTORIA GOLD IMWELO ACQUISITION INSTITUTIONAL SYMBOL TSX-V: LVG 52 WEEK RANGE C$0.125 – C$0.25 TAIFA GROUP ISSUED & OUTSTANDING 195,058,323 RSU’s 14,300,000 BARRICK FULLY DILUTED 227,719,695 17,142,857 WARRANTS @ $0.27 expiring Sept 2028 1,218,515 LAKEVICTORIAGOLD.COM F
Slide 5: Tanzania: One of Africa's Leading Gold Producers
Tanzania One Of Africa’s Leading Gold Producers Pro-Mining Investment Climate • Major recent investments (BHP, Perseus). • Mining >50% of export value. • Clear permitting pathway; supportive ministries. Stable Politics & Strong Macros • One of East Africa’s most stable countries. • 2024–25 GDP growt
Slide 6: Gold Project Lake Victoria Goldfield, Tanzania
GOLD PROJECT LOCATION SIZE: RESOURCES NEAREST MINE LAKE 3.2 sq Km Au GEITA GOLD MINE VICTORIA ANGLOGOLD ASHANTI (12 km) GOLDFIELD TANZANIA
Slide 7: Imwelo Development Project
Imwelo Development Project ▪ Recently acquired for $5.5M CAD in equity ▪ Fully permitted and ready for construction ▪ Total of 28,000m drilled to date ▪ ML recently renewed for 10 *Aprox 40k oz under option agreement years ▪ 3 Metallurgical tests completed – +90% recovery LAKEVICTORIAGOLD.COM ▪ JORC
Slide 8: Imwelo Development Project
Imwelo Development Project ▪ Processing plant design and costing is complete ▪ Open cut mine layout for first 10 years is complete ▪ The Mining License and project is fully permitted and ready for construction ▪ First open cut Area C 3.7g/t, 18+ months production LAKEVICTORIAGOLD.COM ▪ Initial plann
Slide 9: Imwelo Area C: Production Readiness Milestones Achieved
Imwelo Area C: Production Readiness Milestones Achieved ▪ Pit design & geotechnical de-risking completed, delivering the data required to finalize pit geometry, slopes, and ramps ▪ Mineralization now confirmed beyond the pit design, extending to >250 m vertical depth, well below the historical resou
Slide 10: Update PFS & Detailed Engineering; Imwelo Current Capex Estimate
Update PFS & Detailed Engineering Imwelo Current Capex Estimate USD $15.03M ▪ Update resource model Processing Plant $5,666,000 ▪ Complete balance of engineering & issue IFC Exploration and Technical Reports $750,000 drawings Pre-production Mining $1,450,000 ▪ Update capital & Operating costs with c
Slide 11: Gold Project Lake Victoria Goldfield, Tanzania
GOLD PROJECT LOCATION SIZE: RESOURCE NEAREST MINE LAKE 32 sq km Au BULYANHULU BARRICK GOLD CORP. VICTORIA IMMEDIATELY ADJACENT GOLDFIELD TANZANIA
Slide 12: Tembo exploration to date
• A total of US$28mm has been spent to date on exploration • Approximately 50,000m of drilling completed to-date • Maiden resource underway on three primary targets LAKEVICTORIAGOLD.COM • New discoveries still being made. • Barrick drilling underway TSX-V: LVG 12
Slide 13: Immediate Balance Sheet Strength: Partnership with Barrick
Immediate Balance Sheet Strength A Barrick Gold acquisition of six non-core licences provided the Company with US$6M TRANSFORMATIONAL significant capital PARTNERSHIP WITH THE WORLD’S TOP Unlocking Near Term Value GOLD MINER Barrick has committed to spending US$9M on exploration efforts to define res
Slide 14: Barrick Exploration – Areas of Interest
Barrick Exploration – Areas of Interest $8M Budget over next 2.5 years LAKEVICTORIAGOLD.COM TSX-V: LVG 14
Slide 15: Nyati Gold Plant: Accelerating Production at Tembo Project
Nyati Gold Plant ACCELERATING PRODUCTION AT TEMBO PROJECT LOI SIGNED LOI signed with Nyati Resources to evaluate a near-term production opportunity at LVG’s Tembo • Plan to utilize Nyati’s 500 tpd processing infrastructure PARTNER CONTRIBUTIONS • Nyati to contribute the processing plants, supporting
Slide 16: Nyati Gold Plant: Location and CIP Plant Infrastructure
Nyati Gold Plant ACCELERATING PRODUCTION AT TEMBO PROJECT LOCATION Located on a permitted Processing Licence within LVG’s Mining Licences at the Tembo Project • Within 5km of all primary gold targets and drilled gold intersections • Access to stable grid power; on-site power generation in place CIP
Slide 17: Management team
A highly experienced team with a track record of developing, financing and operating mining projects. SIMON BENSTEAD 25 YEARS of Capital Markets and Senior Management. Former Vice President with the Institutional Equity Trading group, MERRILL LYNCH, former Managing CFO, Executive Chairman Director I
Slide 18: Board and advisors
BOB FOSTER EMMA PRIESTLEY IAN STALKER Geologist with more than 40 years of experience. Currently the Chief Executive Officer, Executive Director of Currently a Director (formerly CEO & Director) of K92 Mining, purchased GoldStone Resources Ltd, (“GoldStone”), an AIM listed gold from Barrick for $2mi
Slide 19: Why Lake Victoria Gold?
Near-term production and cash flow Operates in a mining- friendly, underexplored jurisdiction Tier-1 exploration with strategic M&A potential LAKEVICTORIAGOLD.COM World-class partnerships and political leverage WHY Clean, underexposed equity story with real LAKE VICTORIA GOLD? growth catalysts TSX-V
Slide 20: Investor Relations
CANADA Suite 1305, 1090 West Georgia Street Vancouver, BC, V6E 3V7 Canada Tel: 604-685-9316 TANZANIA Plot 1099 31 Merarani Rd, Masaki Dar es Salaam, Tanzania MOB: 255 767 366 146 INVESTOR RELATIONS Tel: 604-685-9316 investors@lakevictoriagold.com www.la kev ict oria g old .com
Lake Victoria Gold — Investor Presentation (May 2026) on 6ix