◆ Lode Gold (“LOD”, or “Company”) is advancing its flagship Fremont asset in California, USA, towards a final investment decision and making adjustments to the PEA to improve the project value. Shareholders in LOD will retain upside in early-stage exploration projects that will be spun out into Gold Orogen. ◆ Solid resource base with robust ore grades: The latest MRE is based on an underground-only operation and boasts a global resource of 8.53 million tons averaging 3.96 g/t gold with over 1 million ounces of contained gold. At a 3 g/t cut-off grade, the average mineable width of the deposit is 16.8m. ◆ Annual gold production of 10-15k oz from a pilot plant: The cash flow-generating pilot plant is expected to operate by 2027/2028. It will yield invaluable information for mineral processing and support the development budget.