Lode Gold Submits Application for Exchange Approval to Form Spin Co, Gold Orogen - a Yukon (Tombstone Belt) & New Brunswick Exploration Company

Core Viewpoint - Lode Gold Resources Inc. has submitted an application to the TSX Venture Exchange for the approval of a spin-out of Gold Orogen, which is part of its strategic plan to unlock value for shareholders [3][5]. Company Developments - The company plans to hold a shareholder meeting in early December 2024 to seek approval for the Plan of Arrangement related to the spin-out [3]. - A share consolidation on a ten-for-one basis has been executed, resulting in 38,032,970 shares issued and outstanding post-consolidation [4][6]. - Trading of Lode Gold's common shares will commence on a consolidated basis on October 29, 2024, under the unchanged trading symbol LOD [5]. Project Highlights - Lode Gold's projects include the Golden Culvert and WIN Projects in Yukon, covering 99.5 km², situated in a high-grade gold-mineralized trend within the Tombstone Gold Belt [8]. - In New Brunswick, the company has established a significant land package with a 42 km strike within 420 km², including the McIntyre Brook Project [10]. - The Fremont Gold development project in California has a Preliminary Economic Assessment (PEA) indicating an after-tax NPV (5%) of USD $217 million and a 21% IRR over an 11-year life of mine, with potential for higher valuations at increased gold prices [11]. Shareholder Structure - Four shareholders hold over 60% of the post-consolidated shares, indicating a tight capital structure that may attract new investors [6].