Vancouver, British Columbia--(Newsfile Corp. - July 9, 2026) - Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: LODFF) ("Lode Gold" or the "Company") is pleased to announce the resolution of a contractual dispute announced on February 13, 2026. A Notice of Claim (the "Claim") was previously filed by a business partner against the Company and its former subsidiary, 1475039 B.C. Ltd. (now Gold Orogen Exploration Corp. and a wholly owned subsidiary of Gold Orogen Resources Corp. ("Gold Orogen")), A settlement agreement has been entered into between the parties (the "Settlement"), whereby the Claim is being formally withdrawn and customary mutual releases provided between the parties relating to Claim matters.
In addition, under the terms of the Settlement, the Company and it's former business partner will each invest $200,000 into Gold Orogen (CSE: OROG), subject to the approval and acceptance by the TSX Venture and Canadian Securities Exchanges, to bolster OROG's exploration programs. There are no other terms contained in the Settlement that materially affect Lode Gold.
Simultaneous with the Settlement, it is anticipated Lode Gold will also enter into a shares-for-debt arrangement (the "Conversion Event"), subject to regulatory acceptance and approval, to settle certain amounts the Company is owed by Gold Orogen through the issuance of Gold Orogen shares.
If the completion of the Settlement and the anticipated Conversion Event occur before Gold Orogen raises any additional capital, the Company would become a key shareholder along with the former business partner with both parties potentially holding an interest of up to 19.9% in Gold Orogen. Any further financing by Gold Orogen would dilute the Company's equity interest.
The Company considers the litigation matter to now be fully resolved which will enable management and the entire Lode Gold team to again focus on advancing the Company's key business objectives.
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 2025; 92% of the ounces were left unmined. Average true widths at 1g/t cut off is 53m. Project sits on > 3,000 acres of 100% owned private and patented land which is designated as OZ, Trump Administration Opportunity Zone (Special Tax Incentives).