Update on shareholding in Loncor Gold Inc.

Core Viewpoint - Resolute Mining is updating its shareholding in Loncor Gold Inc following a sale agreement with Chengtun Mining Group, which is expected to close by Q1 2026, subject to regulatory approvals [1][2]. Group 1: Transaction Details - Chengtun Mining will acquire all outstanding common shares of Loncor for C$1.38 per share in an all-cash transaction [2]. - Resolute holds 31,450,000 common shares in Loncor, valued at approximately US$31 million (C$43.4 million), representing about 17.8% of Loncor's issued shares [3]. Group 2: Strategic Intent - The shares are held for investment purposes and to support the transaction, with potential plans to acquire additional securities or sell existing ones depending on market conditions [4]. - The sale proceeds are expected to strengthen Resolute's balance sheet and support strategic growth initiatives, including the development of the Doropo Project in Côte d'Ivoire and the extension of the Mako Mine in Senegal [6]. Group 3: Regulatory Compliance - Resolute Canada will file an early warning report with Canadian securities regulators regarding the sale and voting support agreement, in compliance with National Instrument 62-103 [5].