Issued on behalf of Lake Victoria Gold Ltd.

VANCOUVER, British Columbia, Dec. 11, 2025 (GLOBE NEWSWIRE) -- EquityInsider.com News Commentary — With gold above $4,200 and all-in costs around $1,600, record margins are fueling aggressive drilling^[1] as producers rapidly expand programs to extend mine life and unlock scale at depth, benefiting Lake Victoria Gold (TSXV:LVG) (OTCQB:LVGLF), TRX Gold Corporation (TSX:TRX) (NYSE-American: TRX), Monument Mining Limited (TSXV:MMY) (OTCPK: MMTMF), OceanaGold Corporation (TSX:OGC) (OTCQX:OCANF), and Integra Resources Corp. (TSXV:ITR) (NYSE-American: ITRG).

Institutions forecast $4,500 to $5,000 for 2026 as central banks maintain elevated purchasing^[2]. Sustained prices and robust drilling create advantageous conditions for systematic exploration ahead of an anticipated supply deficit.

Gold development company Lake Victoria Gold (TSXV:LVG) (OTCQB:LVGLF) is advancing two high-grade projects in Tanzania's prolific Lake Victoria Goldfields. The company has released the first analytical results from a 4,000-meter drill program at Area C, the core production zone at its fully permitted Imwelo Gold Project in northwestern Tanzania.

Area C carries an average grade of 3.7 g/t gold and will anchor the company's initial mining operations. Assays from the first five drill holes confirm that mineralization extends well beyond the current open-pit design, now pushing past 250 meters vertical depth. That shatters the historical resource boundary of 200 meters and validates potential for both a larger pit shell and future underground mining.

Additional gold-bearing lodes intersected in the footwall potentially expand the mineralization footprint further. The results confirm the geological model and support Imwelo's pathway toward production.

"These first results are exactly what we hoped to see as we advance Imwelo toward development," said Marc Cernovitch, President and CEO of Lake Victoria Gold. "The drilling confirms that the mineralization continues beyond the limits of the current pit design, with additional lodes emerging in both the hanging wall and footwall. With assays now flowing, we expect steady news flow through year-end as we build the geologic and engineering foundation for construction."

The program uses reverse-circulation pre-collars paired with diamond-core tails, cutting cost and cycle time while delivering high-quality geological, geotechnical, and metallurgical data for final pit design and early mine planning. Five of 24 planned drill holes have returned assays from the MSA Laboratory in Geita, showing consistent grades and widths that mirror the modeled resource. Lake Victoria Gold recently mobilized a second drill rig to accelerate the Area C campaign, positioning the company to release steady assay updates through year-end.

The results advance a dual-track strategy at both Imwelo and the nearby Tembo Project, where Barrick Mining's Bulyanhulu operation funds exploration under an Asset Purchase Agreement that includes exposure to up to US$45 million in contingent milestone payments tied to discoveries. Recent financing totaling $8 million funds work programs designed to activate a pre-paid forward purchase facility with Monetary Metals, unlocking non-dilutive construction financing.

With gold trading above $4,100 per ounce, critical regulatory milestones locked in including an agreement in principle with the Government of Tanzania and environmental approval of its Updated Environmental and Social Management Plan, Lake Victoria Gold is driving Imwelo toward first production within 12 months of construction at Tanzania's next emerging gold producer.

NOTE: For a Cautionary Note on Production Decision, please see the Disclaimer below.

CONTINUED… Read this and more news for Lake Victoria Gold at:

https://equity-insider.com/2025/04/14/with-funding-commitments-in-place-a-gold-mine-is-being-built-and-this-stock-is-still-under-0-20/

In other industry developments and happenings in the market include:

TRX Gold Corporation (TSX:TRX) (NYSE-American: TRX) delivered record Q4 results with 6,977 ounces of gold sold at an average realized price of $3,363 per ounce, generating revenue of $23.5 million and Adjusted EBITDA of $12.7 million.

The company's Buckreef Gold Project in Tanzania poured 18,935 ounces for fiscal 2025, with full-year revenue reaching a record $57.6 million and net income of $6.6 million.

Production momentum continued into Q1 2026 with approximately 6,550 ounces produced, establishing another quarterly record at higher gold prices.

TRX Gold expects fiscal 2026 production of 25,000 to 30,000 ounces and has announced plans for a processing facility significantly larger than the 3,000 tonnes per day plant outlined in the PEA, to be financed from internally generated cash flow over the next 18-24 months.

Monument Mining Limited (TSXV:MMY) (OTCPK: MMTMF) has announced encouraging results from its first 16 drill holes at the Selinsing Gold Mine expansion program in Malaysia, including high-grade intercepts of 7m at 4.79 g/t gold from 43m and 3m at 4.66 g/t gold from 6.9m at the Buffalo Reef area. As part of a US$2.5M exploration program, the company has completed 27 drill holes totaling 2,952 metres, with 118 drill holes planned across 17,477 metres targeting mine expansion areas.

"We are encouraged by the first 16 drill hole assay results from the exploration drill program within targeted potential mine expansion areas," said Cathy Zhai, President and CEO of Monument Mining. "Objective of expansion drilling is aimed to increase gold resources and potentially expanded the life of mine at Selinsing Gold Mine."

The company is accelerating drilling activities with two additional diamond drilling rigs now operational, bringing the total to four rigs, while recently secured permits will allow expansion to six rigs operating simultaneously in 2026.

OceanaGold Corporation (TSX:OGC) (OTCQX:OCANF) has extended high-grade mineralization at Wharekirauponga in New Zealand with exceptional drill results including 13.9 metres at 25.8 g/t gold, 1.8 metres at 108.1 g/t gold, and 7.4 metres at 5.3 g/t gold, extending the known strike length of the East Graben vein to 1.5 kilometres with significant growth potential remaining open to the north and south. The company has also received a draft decision from the Expert Panel appointed under New Zealand's Fast-track Approvals Act indicating provisional intention to approve the Waihi North Project, with a final decision expected by year-end 2025.

"We are excited about today's drill results from Wharekirauponga that extend the high-grade mineralization at the southern boundary of the resource, as demonstrated by the fantastic high-grade intercepts received by drill hole WKP137A," said Gerard Bond, President and CEO of OceanaGold. "We are also encouraged by the Expert Panel's release of a draft decision and conditions indicating the provisional intention to grant approvals for the Waihi North Project through the Fast-track Approvals Act."

The company is accelerating exploration at Wharekirauponga with plans to double both drill sites and drilling capacity to six rigs operating simultaneously in 2026, while continuing to invest $45 million in early works activities at Waihi North including construction of a 5-kilometre services trench and water treatment plant expansion targeting completion by Q2 2026.

Integra Resources Corp. (TSXV:ITR) (NYSE-American: ITRG) reported strong production from its Florida Canyon Mine with record quarterly revenue of $70.7 million and mine operating earnings of $28.6 million in Q3 2025. The company produced 20,653 gold ounces and sold 20,265 ounces at a record average realized price of $3,464 per ounce, generating free cash flow of $20.2 million and ending the quarter with cash of $81.2 million.

"The mine continues to demonstrate its ability to generate cash flow to support Integra's growth strategy, which was the basis for its acquisition in late 2024," said George Salamis, President and CEO of Integra Resources. "The focus for the remainder of 2025 continues to be optimizing and demonstrating growth at Florida Canyon, significant permitting advancement and a feasibility study planned for DeLamar, and continued de-risking activities and advanced study work at Nevada North."

The company's cash balance increased 29% from Q2 2025 to $81.2 million, reflecting strong operating performance at Florida Canyon. Integra is advancing resource growth drilling at Florida Canyon while progressing permitting milestones at its DeLamar Project and continuing development work at Nevada North to strengthen its position as a multi-asset gold producer in the Great Basin.

Article Source: https://equity-insider.com/2025/04/14/with-funding-commitments-in-place-a-gold-mine-is-being-built-and-this-stock-is-still-under-0-20/

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DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity Insider is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). This article is being distributed for Baystreet.ca media corp, who has been paid a fee for an advertising from a shareholder of the Company (333,333 unrestricted shares). MIQ has not been paid a fee for Lake Victoria Gold Ltd. advertising or digital media, but the owner/operators of MIQ also co-owns Baystreet.ca Media Corp. ("BAY"). Neither BAY nor MIQ has been paid for the mention of White Gold Corp. nor do we own any shares of White Gold Corp. Neither BAY nor MIQ has been paid for the mention of K92 Mining Inc. nor do we own any shares of K92 Mining Inc. Neither BAY nor MIQ has been paid for the mention of Loncor Gold Inc. nor do we own any shares of Loncor Gold Inc. There may also be 3rd parties who may have shares of Lake Victoria Gold Ltd. and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ/BAY own shares of Lake Victoria Gold Ltd and reserve the right to buy and sell, and will buy and sell shares of Lake Victoria Gold Ltd. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ on behalf of BAY has been approved by Lake Victoria Gold Ltd. Technical information relating to Lake Victoria Gold Ltd. has been reviewed and approved by David Scott, Pr. Sci. Nat., a Qualified Person as defined by National Instrument 43-101. Mr. Scott is a registered member of the South African Council for Natural Scientific Professions (SACNASP) and is a Director of Lake Victoria Gold Ltd., and therefore is not independent of the Company Cautionary Note on Production Decision: The Company cautions that it has not completed a feasibility study on the Imwelo Project that establishes mineral reserves demonstrating economic and technical viability. As a result, there is increased uncertainty and a higher risk of economic and technical failure associated with the Company's production decision. In particular, there is no certainty that the planned low-capex open-pit operation will be economically viable or that planned production will occur as anticipated. Risks include, but are not limited to, variations in grade and recovery, unexpected geotechnical or metallurgical challenges, cost overruns, funding availability, and operational or permitting risks.; this is a paid advertisement, we currently own shares of Lake Victoria Gold Ltd. and will buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

SOURCES CITED

1. https://www.vaneck.com/us/en/blogs/gold-investing/gold-in-2025-a-new-era-of-structural-strength-and-enduring-appeal/
2. https://www.gold.org/goldhub/research/gold-demand-trends/us-gold-demand-trends-q3-2025