LODE GOLD RESOURCES INC. - SBMIF STOCK NEWS

Lode Gold Resources (TSXV: LOD, OTCQB: SBMIF) announced high exploration potential at its 111 km² McIntyre Brook Project in New Brunswick. The project contains multiple mineral occurrences, mainly gold with base metals, influenced by structural geological features. Notably, the Moose, Inlet, McIntyre Brook, and Big Pit prospects, aligned along the McIntyre Brook Fault, show strong exploration potential. Drilling in 2019 revealed gold mineralization, and further work is planned to expand these findings.

The McIntyre Brook Project will be part of a spin-out into a new entity, Gold Orogen, to focus exploration efforts. Neighboring Puma Exploration's success at the Lynx trend could extend into Lode Gold’s property, suggesting additional exploration targets.

Future work includes soil sampling, trenching, and drilling to refine understanding and expand on current discoveries. The company is optimistic about recommencing exploration activities given the promising geological setting and mineralization patterns.

Lode Gold has announced a $2 million non-brokered financing. This includes $1 million through issuing 28,571,429 Hard-Dollar Units at $0.035 each and another $1 million through 25,000,000 Flow-Through Units at $0.04 each.

Each Hard-Dollar Unit consists of one common share and one warrant, allowing purchase of an additional share at $0.05 for two years. Each Flow-Through Unit includes one common share and half of a warrant, with a whole warrant allowing purchase of an additional share at $0.06 for two years.

The financing aims to support Lode Gold’s 3-Step Growth and Restructuring Strategy, including a QMAGT survey and a 4,500-meter drill program on their Fremont Gold project. The proceeds will also fund exploration in Yukon and New Brunswick and general working capital.

Lode Gold Resources has established a new subsidiary to manage its Yukon and New Brunswick assets, intending to spin it off into a public company called Gold Orogen. This move aims to unlock shareholder value through either a direct listing or reverse takeover. The Yukon properties include the Win property, featuring gold-bearing quartz veins with grades up to 8.53 g/t Au, and the Golden Culvert property. The McIntyre Brook Project in New Brunswick hosts gold, base metals, and cobalt mineralization. Buddy Doyle, a seasoned geologist, will lead the exploration. Lode Gold's market capitalization was $30 million in 2020 with these assets.

Lode Gold Resources Inc. completes the second-year commitments on property options, advancing McIntyre Brook ownership. The company closed a shares-for-debt transaction, making payments totaling $209,000. Certain property optionors chose to receive payments in shares, showing support for the new management team. Wendy T. Chan, CEO of Lode Gold, highlights the anticipation for exploration efforts on the Appalachian Gold Trend.

Lode Gold (Formerly Stratabound) has engaged Martin Stratte as an advisor for matters related to the Fremont Project in California. Stratte, a former director of the company, is an experienced land use and environmental permitting attorney with expertise in the mining sector. The company aims to leverage his knowledge to advance its ongoing activities at the Fremont Gold Project, located on the Mother Lode Belt. The project has significant potential to become a multi-million-ounce high-grade deposit, complementing existing resources.

Lode Gold Resources Inc. has retained Carlos Saban, an experienced geologist, to review the Fremont Gold Project for potential high-grade underground gold mining. Since acquiring Fremont in 2021, Lode Gold has significantly increased its resource estimates. The Project currently hosts an NI 43-101 resource of 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 28.3 MT Inferred. The after-tax NPV(5%) of USD $370MM and a 31% IRR over an 11-year LOM at a sensitivity to USD $2,000/oz gold. The project's depth potential remains largely untapped, with opportunities existing below 200 meters. The historical grade of 8 g/t Au and the presence of structurally controlled high-grade targets indicate significant upside potential.

Lode Gold Resources Corp. (SBMIF) expands its ownership in McIntyre Brook Project by acquiring two more claims covering 13.96 km2. The company also makes second-year option payments on seven agreements, totaling $209,000, partly in cash and partly in shares.

Lode Gold Resources Inc. (SBMIF) successfully closed a non-brokered private placement, raising $2,079,624.20 through the issuance of 83,184,968 units. The offering included common shares and warrants, with insiders subscribing for 44,516,100 common shares. The funds will be used for exploration activities in New Brunswick, Yukon, and California. The company's strategic turnaround plan has been well received, leading to a successful financing exceeding the initial target.

Lode Gold Resources Corp. (SBMIF) receives an expression of interest for asset acquisition, emphasizing the potential value of its Yukon and New Brunswick properties. CEO Wendy T. Chan highlights the strategic plan to unlock shareholder value through asset separation and team development. VP Exploration Buddy Doyle mentions the market cap of $30 million for the properties, indicating the potential for value appreciation with upcoming drill plans and funding support.