Lode Gold Initiates Permit Process For Surface Drilling At Fremont Gold Mine

(TheNewswire)

February 13, 2026 – TheNewswire - Lode Gold Resources Inc (TSX.V: LOD |LODFF: OTCQB) (the “Company” or “LodeGold”) Lode Gold is pleased to announce thecontinuing advancement of the Fremont Gold Mine project(“Fremont”) with the engagement of an experienced SanFrancisco-based legal and permitting advisory group, that hassuccessfully permitted other projects in California, to support thepermitting process in Mariposa County for the imminent drill programat Fremont.  

The permit application will seek authorization tocomplete a program of ten surface drill holes at a total of about1,500 m. These drill holes are intended to support technical workrequired in advance of a planned Pre-Feasibility Study(“PFS”).

The proposed drilling program is designed to collectrepresentative material for updated metallurgical test work and toobtain geotechnical data necessary to advance a rock mechanics studywithin the mineralized zone. This information will be used to bettercharacterize rock quality, structural conditions and ground supportrequirements, with a focus on areas of the deposit that may besuitable for earlier-stage underground development, as well asoptimization of mine plans.

The Company notes that the proposed drilling is focusedon technical validation rather than resource expansion, and isintended to de-risk key engineering parameters for underground minedesign as Fremont is advanced toward the PFS stage.

Corporate Update

Lode Gold, 1475039 BC Ltd. and one of its businesspartners are in disagreement over certain contractual terms. A Noticeof Claim has been filed by the business partner seekingcompensation.  Based on its review of the factual circumstances, LodeGold believes it has met its contractual obligations. Lode Gold hasretained legal counsel to respond appropriately.

About Lode Gold 

Lode Gold has key assets in Canada and UnitedStates. 

Fremont Gold Mine project (Fremont Gold Mining LLC) isa brownfield project in Mariposa, California with 43,000 m drilled,8,000 channel samples, 14 adits and 2 shafts.  Mining halted in 1942due to a gold mining prohibition during WW II.  It was mined at 10.7g/t when price was gold was $35 per oz.  PEA was completed (link) in 2023.  The PEA wasbased on 1M oz (M&I) and 2M (Inferred).  MRE (link) was updated in 2025;92% of the ounces were left unmined. Average true widths at 1g/t cutoff is 53m. Project sits on > 3,000 acres of 100% owned private andpatented land which is designated as OZ, Trump AdministrationOpportunity Zone (Special Tax Incentives). 

Dingman Property is an orogenic deposit in Ontario,Canada with over 22,000 m drilled, and a 2013 PEA, MRE (link toreport) : 376,000 oz (M&I) and47,000 oz (Inferred).

About Gold Orogen (1475039 B.C.Ltd.)

Gold Orogen is an early-stage exploration pure playwith quality assets in the Yukon and New Brunswick, Canada.Optionality exists as assets are diversified on two mineral belts thatare known to have prolific gold endowment. 

The New Brunswick assets, McIntyre Brook and RileyBrook, sit on a highly prospective belt that has seen many excitingdiscoveries including Dalradian, New Found Gold and Calibre Mining.Kinross- Puma surrounds McIntyre Brook. A 19.9% strategic partner wasbrought in and a joint venture was formed to create one of the largestland packages in New Brunswick with mineral rights spanning445km2.

In the Yukon, Golden Culvert/WIN sits on the southernend of the Tombstone Belt which in recent years has seen extensiveexploration success. It has Reduced Intrusion (RIRGS) targets andsedimentary hosted orogenic mineralization. Over 4,500 m has beendrilled with 50 gram/meter intercepts.

Qualified person

The technical information contained in this pressrelease was reviewed and approved by Gary Wong, PEng, vice-president,exploration, of Lode Gold, designated as a qualified person underNational Instrument 43-101.

ON BEHALF OF THE COMPANY

Wendy T. Chan
CEO & Director
info@lode-gold.com  
+1-(604)-977-GOLD(4653) 

Kevin Shum
Investor Relations
kevin@lode-gold.com                                                    
+1 (604) -977-GOLD(4653) 

Cautionary StatementRegarding Forward-Looking Information

Neither the TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this release.

This news release includes “forward-lookingstatements” and “forward-looking information” within the meaningof Canadian securities legislation. All statements included in thisnews release, other than statements of historical fact, areforward-looking statements including, without limitation, statementswith respect to the advancement of Fremont, the permit application,the proposed drilling program, completion of resource calculation,feasibility studies, and exploration plans and targets, the Claim,Lode Gold’s ability to defend and resolve the Claim, and the Claimhaving no material adverse effect on the operations pending judicialdetermination. Forward-looking statements include predictions,projections and forecasts and are often, but not always, identified bythe use of words such as “anticipate”, “believe”, “plan”,“estimate”, “expect”, “potential”, “target”,“budget” and “intend” and statements that an event or result“may”, “will”, “should”, “could” or “might” occuror be achieved and other similar expressions and includes thenegatives thereof.

Forward-looking statements are based on assumptions andestimates that, while considered reasonable by management based on thebusiness and markets in which the Company operates, are inherentlysubject to significant operational, economic, and competitiveuncertainties, risks and contingencies. These include assumptionsregarding, among other things: Lode Gold’s ability to vigorouslydefend its position and resolve the Claim; the Claim not having amaterial adverse effect on its operations pending judicialdetermination; general business and economic conditions; theavailability of additional exploration and mineral projectfinancing; the supply and demand for,inventories of, and the level and volatility of the prices of metals;relationships with strategic partners; the timing and receipt ofgovernmental permits and approvals; the timing and receipt ofcommunity and landowner approvals; changes in regulations; politicalfactors; the accuracy of the Company’s interpretation of drillresults; the geology, grade and continuity of the Company’s mineraldeposits; the availability of equipment, skilled labour and servicesneeded for the exploration and development of mineral properties; andcurrency fluctuations.

There can be no assurance that forward-lookingstatements will prove to be accurate and actual results, and futureevents could differ materially from those anticipated in suchstatements. Important factors that could cause actual results todiffer materially from the Company’s expectations include LodeGold’s inability to defend its position and resolve the Claim, anadverse finding with respect to the Claim, a deterioration of securityon site or actions by the local community that inhibits access and/orthe ability to productively work on site, actual exploration results,interpretation of metallurgical characteristics of the mineralization,changes in project parameters as plans continue to be refined, futuremetal prices, availability of capital and financing on acceptableterms, general economic, market or business conditions, uninsuredrisks, regulatory changes, delays or inability to receive requiredapprovals, business disruptions, and other exploration or other risksdetailed herein and from time to time in the filings made by theCompany with securities regulators, including those described underthe heading “Risks and Uncertainties” in the Company’s mostrecently filed MD&A. The Company does not undertake to update orrevise any forward-looking statements, except in accordance withapplicable law.

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