VANCOUVER, British Columbia – TheNewswire - February 23, 2026 – Lode Gold Resources Inc.(TSXV: LOD) (OTCQB: LODFF) (“Lode Gold” or the “Company”) is pleased to announce that its subsidiary, Gold Orogen and its JV Partner has completed the drill program at one of its key assets in New Brunswick. This asset is situated in of a district scale, 445 km² land package located in a highly prospective region for gold and polymetallic mineral discovery, in northern New Brunswick. Gold Orogen and its JV partner holds ...

Core Viewpoint - Fancamp Exploration Ltd. has announced a strategic reorganization through a Spin Out of its core exploration assets into a new company, Goldera Exploration Ltd., aimed at unlocking value and enhancing market recognition for shareholders [1][2][3] Summary by Sections Spin Out Details - The Spin Out will transfer all core exploration assets to Goldera, with shareholders receiving shares in Goldera proportional to their holdings in Fancamp, without altering their existing interests in Fancamp [1][4] - The Spin Out is designed to create two distinct growth platforms, allowing for focused capital attraction and new investor interest [2][3] Corporate Structure Post-Spin Out - Post-Spin Out, Fancamp will retain all marketable securities, financial instruments, and royalties, consolidating them into a cash-flow-oriented entity focused on growth and strategic acquisitions [8][10] - Goldera will focus solely on exploration, holding significant projects such as the Egan Gold Project and the Acadian Gold Joint Venture, which are located in high-potential mineral regions [6][9] Financial Aspects - Goldera is expected to be fully funded through a concurrent non-brokered private placement to support work programs and general working capital [3] - Fancamp's existing portfolio includes over $20 million in marketable securities and a $34.5 million secured convertible note, generating significant annual income [10] Regulatory and Approval Process - The Spin Out requires approval from the Supreme Court of British Columbia and a two-thirds majority vote from Fancamp shareholders at a forthcoming meeting [4][11] - Fancamp plans to apply for a listing of Goldera on the TSX Venture Exchange and to update its own listing status from a Mining Issuer to an Investment Issuer [4][11] Future Outlook - The completion of the Spin Out and related transactions is anticipated around Spring 2026, subject to customary conditions and approvals [11][12] - The reorganization aims to ensure that shareholders benefit from both the stable growth of Fancamp's investment portfolio and the exploration potential of Goldera [5][11]

Core Insights - Lode Gold Resources Inc has successfully recovered over 5,000 historical underground samples from the Fremont Gold mine, significantly enhancing its mineral resource estimate [1][2][4] Group 1: Sample Recovery and Database Enhancement - The recovery of 5,728 underground samples increases the validated sample database from 3,212 to 8,593 records, improving geological understanding and exploration potential [2][4] - The samples include various types such as transversal and longitudinal channel cuts, and short drill holes, collected from historical shafts and stopes [4][6] Group 2: Historical Data and Resource Estimation - A total of 665 daily assay reports from 1936 to 1941 were recovered, which can help trace historical samples and quantify grades of exploited stopes [5] - The validation of these samples may allow Lode Gold to update the mineral resource estimate (MRE) with a higher proportion of Measured and Indicated Resources [7][8] Group 3: Project Overview and Infrastructure - The Fremont Gold mine is a brownfield project with over 43,000 meters drilled, 23 kilometers of underground workings, and 20 adits, with excellent infrastructure [3][19] - Only 8% of the resource identified in the 2025 MRE has been extracted, indicating significant exploration upside with 92% remaining [14][19] Group 4: Future Development Potential - The company has completed a new 3D model for improved accuracy of mined areas, which will aid in future resource estimation [7] - Lode Gold is positioned to potentially resume operations based on 100% underground mining, following a recent internal scoping study [20]

Core Insights - Fancamp Exploration Ltd. has appointed Mr. Jasper Bertisen to its Board of Directors, effective immediately, to support its strategic reorganization [1][4] Company Overview - Fancamp is a Canadian mineral exploration company focused on medium-term growth and monetization opportunities, with interests in high-potential mineral projects and a royalty portfolio [5] - The company holds significant interests in various minerals, including copper, gold, zinc, titanium, chromium, and rare-earth metals, with a notable asset being the Magpie property, one of the largest undeveloped hard rock titanium deposits globally [5] Leadership and Expertise - Mr. Jasper Bertisen brings over 20 years of experience in global mining investment and governance, having managed an $800 million portfolio and contributed to over $3.5 billion in capital raised during his tenure at Resource Capital Funds [2] - His expertise in evaluating mining projects from both technical and financial perspectives is expected to enhance Fancamp's strategic direction [2][4] Strategic Reorganization - Fancamp plans to separate its financial assets from its exploration assets, creating two distinct entities, with the financial entity focusing on investments, royalties, and other financial instruments [3] - This reorganization aims to streamline the portfolio and emphasize growth through strategic acquisitions [3]

Core Insights - Lode Gold Resources Inc. has reported promising results from prospecting and soil geochemical surveys at its McIntyre Brook and Riley Brook properties, indicating high-grade gold samples of up to 7 g/t [2][4][7] - The Acadian Gold joint venture, which includes Lode Gold and Fancamp Exploration, holds a significant land package of 445 km² in a highly prospective region for gold and polymetallic mineral discovery in northern New Brunswick [3][18] - The upcoming drill program planned for Fall 2025 will be guided by the encouraging results from the recent exploration work [2][4] Exploration Highlights - A prospecting and trenching program conducted in May-June 2025 revealed high-grade rock grab samples, extending the known favorable horizon of Area 2 (McIntyre Brook Prospect) to a minimum strike length of 3 km [4][6] - Soil geochemical surveys have identified gold-in-soil anomalies and prominent electromagnetic conductors, supporting the exploration strategy [6][7] - Notable assay results include up to 6.9 g/t Au from trench T25-1 and a 275 ppb Au stream sediment sample, the highest value from a 1981 regional sampling program [4][5] Strategic Positioning - The McIntyre Brook property is adjacent to Puma Exploration's Williams Brook Project, which has an option agreement with Kinross Gold, enhancing its strategic value [3][18] - The joint venture's holdings are positioned in a geologic domain that hosts other gold-focused firms, indicating potential for significant discoveries [18][19] - The combination of high-grade assays and extensive land holdings positions the company as a key player in the emerging gold exploration landscape in New Brunswick [7][18]

Core Points - Lode Gold Resources Inc. has successfully closed a non-brokered private placement offering, raising total gross proceeds of $1,513,768 through the issuance of 8,409,825 units at a price of $0.18 per unit [1][2] - Each unit consists of one common share and one common share purchase warrant, with an exercise price of $0.35 per share for a period of 36 months [2][3] - The proceeds from the offering will be utilized for the execution of business plans for Lode Gold and its subsidiary, Gold Orogen [4] Management Changes - Winfield Ding has resigned as CFO, and Wayne Moorhouse has been appointed as Acting CFO while the company searches for a new CFO [5] Financial Agreements - The company has extended the maturity date of a construction loan agreement with Romspen Investment Corporation to October 31, 2025, and will pay $200,000 in interest, split between cash and shares [6] Legal Update - A senior secured debt holder has converted to become one of the largest shareholders, exceeding 19.9%, following a restructuring plan. A former CEO's severance claim was ruled in favor of the claimant for $222,469, which will not materially impact the company's 2025 financial results [7] Company Overview - Lode Gold is an exploration and development company with projects in Canada and the United States, focusing on highly prospective mining jurisdictions [8] - In Canada, the company holds assets in the Yukon and New Brunswick, with significant drilling results and confirmed gold endowment [9][10] - In the United States, the company is advancing the Fremont Mine project in California, which has substantial exploration potential and excellent infrastructure [11]

Core Points - Fancamp Exploration Ltd. has granted stock options to its directors and officers, allowing for the purchase of 500,000 common shares at an exercise price of $0.11 per share, with options vesting immediately and expiring on August 26, 2030 [1][2] Company Overview - Fancamp is a Canadian mineral exploration company focused on medium-term growth and monetization opportunities, with strategic interests in high-potential mineral projects, including copper, gold, zinc, titanium, chromium, and rare-earth metals [3] - The company holds a 96% interest in Magpie Mines Inc., which owns the Magpie property, recognized as one of the largest undeveloped hard rock titanium deposits globally [3] - Fancamp has investments in various operations, including an iron ore operation in the Quebec-Labrador Trough, a rare earth elements company, and a near-term cash flow generating zinc mine in Nova Scotia [3] - The company is also developing energy reduction and titanium waste recycling technology as part of its advanced titanium extraction strategy [3]

Core Viewpoint - Lode Gold Resources Inc. has successfully completed the third and final tranche of its non-brokered private placement, raising a total of $1,513,768 to support its business plans and projects [1][3]. Financing Details - The final tranche raised $326,780 through the issuance of 1,815,446 Units at a price of $0.18 per Unit [1][2]. - Each Unit consists of one common share and one common share purchase warrant, with warrants exercisable at $0.35 for three years [2]. Use of Proceeds - The funds raised will be allocated towards executing the business plans for Lode Gold and its subsidiary, Gold Orogen [3]. Company Overview - Lode Gold is an exploration and development company with projects in Canada and the United States [4]. - In Canada, the company holds assets in the Yukon and New Brunswick, with significant drilling results and confirmed gold endowment [5][6]. - In the United States, the focus is on the Fremont Mine in California, which has substantial exploration potential and infrastructure [7][8]. Project Details - The Yukon assets cover approximately 99.5 km² with over 4,500 meters drilled, confirming economic drill intercepts [5]. - The Acadian Gold Joint Venture in New Brunswick spans 445 km² and has confirmed mineralized rhyolites [6]. - The Fremont Mine has a recent NI 43-101 report and is a brownfield project with extensive underground workings and infrastructure [8][9].

Company Overview - Fancamp Exploration Ltd. has regained control of Magpie Mines, which holds the Magpie deposit, one of the world's largest undeveloped hard rock iron-titanium deposits located in Havre St-Pierre, Quebec [3][4] - The company holds approximately 96% of the issued and outstanding shares of Magpie Mines and a 2% net smelter return royalty on the Magpie Titanium property [4] Management and Governance - At the Annual General Meeting of Magpie Mines held on July 17, 2025, shareholders voted to elect three directors: Rajesh Sharma, Mark Billings, and Charles Tarnocai [1] - Mark Billings has been appointed as Chairman, Rajesh Sharma as President and CEO, Arnab Kumar De as CFO, and Debra Chapman as Corporate Secretary [2] Project Details - The Magpie Fe-Ti-V deposit is recognized as one of the largest undeveloped titanium resources globally, with significant vanadium deposits [5] - The Magpie 2 deposit has an Historical Mineral Resource Estimate of 635.2 million tonnes grading 42.49% Fe, 11.20% TiO₂, and 0.3% V₂O₅ in the indicated category, with an additional inferred resource of 239.2 million tonnes grading 42.29% Fe, 11.21% TiO₂, and 0.32% V₂O₅ [6] - The project has significant expansion potential in four previously undrilled areas that exhibit geological characteristics similar to the main deposit [7] Strategic Importance - Titanium and vanadium are classified as critical minerals with key applications in aerospace, medical technology, specialty steel, and batteries, facing global supply chain concerns [7] - The Magpie deposit is a principal source for vanadium extraction, which is essential for various industries [7] Future Outlook - The company is focused on advancing the Magpie asset in light of the strategic importance of titanium amid global supply chain challenges [3]

Company Overview - Fancamp Exploration Ltd. has regained control of Magpie Mines, which holds the Magpie deposit, one of the world's largest undeveloped hard rock iron-titanium deposits located in Havre St-Pierre, Québec [3][4] - The company holds approximately 96% of the issued and outstanding shares of Magpie Mines and a 2% net smelter return royalty on the Magpie Titanium property [4] Management Changes - At the Annual General Meeting of Magpie Mines, shareholders voted to elect three directors: Rajesh Sharma, Mark Billings, and Charles Tarnocai [1] - Mark Billings has been appointed as Chairman, Rajesh Sharma as President and CEO, Arnab Kumar De as CFO, and Debra Chapman as Corporate Secretary [2] Resource Potential - The Magpie Fe-Ti-V deposit is recognized as one of the largest undeveloped titanium resources globally, with significant vanadium deposits [5] - The Magpie 2 deposit has an Historical Mineral Resource Estimate of 635.2 million tonnes grading 42.49% Fe, 11.20% TiO₂, and 0.3% V₂O₅ in the indicated category, with an additional inferred resource of 239.2 million tonnes [6] - The project shows significant expansion potential in four previously undrilled areas with geological characteristics similar to the main deposit [7] Strategic Importance - Titanium and vanadium are critical minerals with applications in aerospace, medical technology, specialty steel, and batteries, facing global supply chain challenges [7] - The Magpie deposit is a principal source for vanadium extraction, which is essential for various industries [7] Future Plans - The company will determine the next steps to advance the Magpie asset, considering the strategic importance of titanium in light of global supply chain challenges [3]