Lode Gold Completes Increased Private Placement of $1.51 Million

Private Placement Completion: Lode Gold Resources Inc. has successfully closed a non-brokered private placement, raising $1.5 million through the issuance of 8,409,825 units at $0.18 each, with each unit comprising one common share and one warrant exercisable at $0.35 for 36 months.

Management Changes and Legal Update: The company has appointed Wayne Moorhouse as Acting CFO following Winfield Ding's resignation, and a legal ruling has mandated a payment of $222,469 to a former CEO, which will not impact the 2025 financial results as it was previously accrued.