Lode Gold Commences Metallurgical Drilling at Fremont Gold Mine, Mariposa, CA

About this update from Lode Gold Resources Inc

Vancouver, British Columbia--(Newsfile Corp. - August 17, 2026) - Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: LODFF) ("Lode Gold" or the "Company") is pleased to announce that it has commenced metallurgical drilling at the Company's flagship Fremont Gold Mine in California. Key Scope of the Engineering Services: The metallurgical and engineering company will collaborate with Lode Gold's geology team to establish robust metallurgical criteria and optimize core collection protocols for the upcoming large-diameter (PQ) drill program. This phase of drilling will be focused on the areas where the Company plans to develop the mine. To maximize project economics - various recovery methods will be evaluated. Trade off studies will be conducted to evaluate gravity versus flotation recovery to ensure permitting expediency and return on investment. Conventional flotation circuits are aligned with historical mine production layouts while gravity recovery and coarse-particle sorting circuits tend to be more modern and highly efficient. By involving process engineers prior to the drill turning, Lode Gold is ensuring all baseline sample data is optimized right from the outset. This approach aims to maximize future processing efficiency, evaluate opportunities to optimize grinding size requirements, and ultimately enhance overall value proposition. The upcoming exploration and drilling program at Fremont is currently scheduled to commence in Summer 2026. "Previously, the 2014 Metallurgical Report confirmed a 91% recovery. We are conducting a new study to validate the information", says Jon Hill, Director and Chair of the Technical Committee at Lode Gold. About Lode Gold Lode Gold has key assets in Canada and United States. Fremont Gold Mine Project (Fremont Gold Mining LLC) is a brownfield project in Mariposa, California with 43,000 m drilled, 10,000 underground channel samples, 14 adits and 2 shafts. Mining halted in 1942 due to the gold mining prohibition during WW II. It was mined at 10.7 g/t when price was gold was $35 per oz. PEA was completed (link) in 2023. The PEA was based on 1.16 Moz at 1.90 g/t Au within 19.0 Mt Indicated, and 2.02 MOz at 2.22 g/t Au within 28 Mt Inferred with a composite cut-off[1]. MRE (link) was updated in 2026; 89% of the ounces were left unmined if we compare historical production with our current Indicated Resource. Average true widths ...

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