Lake Victoria Gold : Q1 – 2026 Financial Statements

About this update from Lake Victoria Gold Ltd

LAKE VICTORIA GOLD LTD. CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE THREE MONTHS ENDED MARCH 31, 2026 (Unaudited - Expressed in Canadian Dollars) NOTICE OF NO AUDITOR REVIEW OF CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS In accordance with National Instrument 51-102 Part 4, subsection 4.3(3)(a), if an auditor has not performed a review of these condensed consolidated interim financial statements they must be accompanied by a notice indicating that the condensed consolidated interim financial statements have not been reviewed by an auditor. The accompanying unaudited condensed consolidated interim financial statements of the Company have been prepared by and are the responsibility of the Company's management. The Company's auditors have not performed a review of these condensed consolidated interim financial statements in accordance with the standards established by the Chartered Professional Accountants of Canada for a review of interim financial statements by an entity's auditor. CONDENSED CONSOLIDATED INTERIM STATEMENTS OF FINANCIAL POSITION (Unaudited - Expressed in Canadian Dollars) Notes March 31, 2026 $ December 31, 2025 $ ASSETS Current assets Cash 702,211 1,869,793 GST receivable 136,801 106,489 Prepaid expenses 280,046 259,430 Total current assets 1,119,058 2,235,712 Non-current assets Plant and equipment 4 115,408 118,110 Exploration and evaluation assets 5 14,009,547 13,423,530 Deposits 6 2,767,300 2,724,374 Total non-current assets 16,892,255 16,266,014 TOTAL ASSETS 18,011,313 18,501,726 LIABILITIES Current liabilities Accounts payable and accrued liabilities 10 880,552 968,954 Interest payable 7, 8 141,378 104,787 Promissory note payable 7 363,808 357,727 Convertible debentures 8 540,713 666,853 TOTAL LIABILITIES 1,926,451 2,098,321 SHAREHOLDERS' EQUITY Share capital 9 62,789,539 62,524,777 Share-based payments reserve 9 17,024,908 16,939,113 Equity component on convertible debentures 8 85,598 115,258 Foreign currency translation reserve 6,441,619 6,293,248 Deficit (70,256,802) (69,468,991) TOTAL SHAREHOLDERS' EQUITY 16,084,862 16,403,405 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 18,011,313 18,501,726 Nature of Operations and Going Concern - See Note 1 Events after the Reporting Period - See Note 14 These condensed consolidated interim financial statements were approved for issue by the Board of Directors on May 27, 2...

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