Lake Victoria Gold intercepts 28.71 g/t Au over 2.75 m at Imwelo

Targeted whole-core metallurgical program on weathered ore advances clay-handling and final process-design decisions for the planned initial mining area

Vancouver, British Columbia--(Newsfile Corp. - August 27, 2026) - Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF) (FSE: E1K) ("LVG" or the "Company") is pleased to report high-grade, near-surface assay results from recent HQ diamond drilling at its fully permitted Imwelo Gold Project ("Imwelo" or the "Project") in Tanzania, including 28.71 g/t gold ("Au") over 2.75 metres from 21.00 metres in hole IMWDR029 and 12.20 g/t Au over 4.50 metres from 32.00 metres in hole IMWDR028. Individual quartz-vein samples within these intervals returned up to 142.90 g/t Au and 124.83 g/t Au, respectively.

The intercepts occur within the shallow, highly weathered mineralized sequence at Area C, the Company's planned initial open-pit mining area, and provide additional data for detailed mine planning and grade-control work. In parallel, whole-core samples from the eight HQ drillholes have been submitted to independent metallurgical laboratory Nesch Mintech Tanzania Limited for a comprehensive testwork program that will determine the metallurgical character of the weathered mineralization. In particular, the testwork will establish whether clay removal through scrubbing and screening of the weathered ore will be necessary, and will characterize the effect of the clay on the processing parameters and flowsheet.

Key Highlights

28.71 g/t Au over 2.75 m from 21.00 m in IMWDR029 , including 59.77 g/t Au over 1.30 m from 21.00 m , with an individual 0.50 m quartz-vein sample returning 142.90 g/t Au .

12.20 g/t Au over 4.50 m from 32.00 m in IMWDR028 , including 27.94 g/t Au over 1.90 m from 33.00 m , with an individual 0.40 m quartz-vein sample returning 124.83 g/t Au .

Shallow mineralization within the Area C m