Lake Victoria Gold Ltd · TSXV:LVG
Lake Victoria Gold — Investor Presentation (2025)
21 slides from Lake Victoria Gold's investor presentation, Nov 19, 2025
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, 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: Fourth Largest Gold Producer in Africa
Tanzania FOURTH LARGEST GOLD PRODUCER IN AFRICA Strong Foreign Investment and Major Mining Deals Favorable Economic Outlook and Leading Gold Producer Over the past three years, Tanzania has attracted significant With GDP growth expected to reach 5.7% in 2024 and 6% in 2025, Tanzania's foreign invest
Slide 6: Gold Project Lake Victoria Goldfield
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 planne
Slide 9: Value Engineering – Next Months
Value Engineering – Next 4 Months DRILLING 4000 M ▪ Exploration Drilling Infill (Resource Conversion), testing along strike Area C (E&W) & at depth (RC 2500m and DD 1500m) ▪ Geotechnical – final pit design and optimization ▪ Additional metallurgical test work UPDATE PFS & DETAILED ENGINEERING ▪ Upda
Slide 10: Imwelo Current Capex Estimate
Imwelo Current Capex Estimate USD $15.03M Processing Plant $5,666,000 Exploration and Technical Reports $750,000 Pre-production Mining $1,450,000 Civils and Construction $3,377,000 Design, Consultants, Admin $1,986,000 25% Contingency $1,800,000 Total USD$15,029,000 LAKEVICTORIAGOLD.COM ▪ Term Sheet
Slide 11: Gold Project Lake Victoria Goldfield – Tembo
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 spend and drilling 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 13
Slide 13: Immediate Balance Sheet Strength
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 15
Slide 15: Nyati Gold Plant
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 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: Tembo-Nyati Plan
Tembo-Nyati Plan ACCELERATING PRODUCTION AT TEMBO PROJECT 300m Plant Commission 500 tpd plant - Dec 2025 100m Drilling Ngula 1 drilling: 3,450m RC to define 300m strike, 60m depth (20m spacing) GRADE CONTROL RESOURCE Testwork & Resource Modelling Conduct metallurgical testwork and resource modeling
Slide 18: 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 19: 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 20: 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 21: 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