Loncor Gold Provides Corporate Update

Core Viewpoint - Loncor Gold Inc. has established a Special Committee of independent directors to review an unsolicited, non-binding offer for a potential transaction, with no assurance that a transaction will occur [1] Group 1: Company Overview - Loncor Gold Inc. is a Canadian gold exploration company focused on the Ngayu Greenstone Gold Belt in the northeast of the Democratic Republic of the Congo (DRC) [3] - The company has a growing resource base, particularly at the Imbo Project, which includes the Adumbi deposit with an indicated mineral resource of 1.88 million ounces of gold (28.185 million tonnes grading 2.08 g/t gold) and an inferred mineral resource of 2.090 million ounces of gold (22.508 million tonnes grading 2.89 g/t Au) [3] - 84.68% of these resources are attributable to Loncor [3] Group 2: Special Committee Formation - The Special Committee is tasked with independently reviewing the potential transaction and considering alternative transactions, if advisable [1] - The committee is composed of independent directors: Kevin R. Baker K.C. (Chair), Richard J. Lachcik, and William R. Wilson [1] Group 3: Future Updates - The company will provide further corporate updates as circumstances warrant and in accordance with applicable securities laws [2]