On July 2, 2026, Lake Victoria Gold Ltd. (“LVG” or the “Company”) announced the closing of its non-brokered private placement of unsecured convertible debentures (the “Debentures”), raising aggregate gross proceeds of $4,165,200 across three tranches (the “Offering”).

The Debentures bear interest at 5% per annum, mature 36 months from issuance, and are convertible into common shares at $0.30 per share. Investors in the Offering also received warrants to purchase 6,941,990 common shares at $0.40 per share for 36 months.

LVG is a rapidly growing gold exploration and development company listed on the TSX Venture Exchange. Leveraging our unique position and experience, the Company is principally focused on growth and consolidation in the highly prolific and prospective Lake Victoria Goldfield in Tanzania.

Further details regarding LVG, and the Offering can be found on LVG’s website. LVG trades under the symbol “LVG” on the TSX Venture Exchange.