Lode Gold Sets Date for Shareholder Meeting to Approve Plan of Arrangement for Spinout

Lode Gold Resources Inc. (TSXV: LOD) (OTCQB: LODFF) has announced that it will hold a shareholder meeting on Monday, March 10, 2025, at 10:00 AM MST. The purpose of the meeting is to approve the Plan of Arrangement for the spinout of Gold Orogen, a new exploration company focused on highly prospective assets in Canada and the United States.

The spinout of Gold Orogen is a strategic move by Lode Gold to unlock value for shareholders by creating two pure-play companies, each focused on specific areas of exploration. Gold Orogen will be an exploration pure play with two choice assets in highly prospective areas, while Lode Gold will concentrate on its high-grade underground mine opportunity in California.

Gold Orogen's assets include the Golden Culvert and WIN Projects in Yukon, covering 99.5 km2 across a 27-km strike length, and the McIntyre Brook Project in New Brunswick, covering 111 km2 and a 17-km strike. These projects are situated in district-scale, high-grade-gold-mineralized trends within the southern portion of the Tombstone Gold Belt and the emerging Appalachian/Iapetus Gold Belt, respectively.

Lode Gold's Fremont Gold project, located on the Mother Lode Belt in California, is a brownfield project with over 43,000 m drilled and 23 km of underground workings. The project was previously mined at 10.7 g/t Au in the 1940s and has a target of 2 Moz underground at 5 g/t Au.

The spinout of Gold Orogen is expected to create value for shareholders by unlocking the intrinsic value of the assets and providing investors with exposure to two distinct investment opportunities within the gold sector. The spinout will provide Gold Orogen with a $3M raise, based on a $7.65M pre-money valuation, enabling it to drill both its Yukon and New Brunswick assets in the upcoming exploration season.

Investors should watch for the shareholder meeting on March 10, 2025, as the approval of the Plan of Arrangement will be a significant milestone in the spinout process. Upon approval, the Record Date for the distribution of shares of the new company (Gold Orogen) to shareholders of Lode Gold will be set.



In conclusion, the spinout of Gold Orogen is an exciting development for Lode Gold shareholders, as it presents an opportunity to invest in two distinct gold exploration and development companies with highly prospective assets. The shareholder meeting on March 10, 2025, is an important milestone in the spinout process, and investors should stay tuned for updates on the progress of both Lode Gold and Gold Orogen.