Lake Victoria Gold Extends Mineralization Below Pit Shell at Imwelo; First Results Confirm Continuity to >250 m DepthVancouver, British Columbia--(Newsfile Corp. - November 26, 2025) - Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF) (FSE: E1K) ("LVG" or the "Company") is pleased to report the first analytical results from the ongoing 4,000 m drill program at the fully permitted Imwelo Gold Project, located in the Lake Victoria goldfield of northern Tanzania. Assays for the first five holes confirm down-dip extensions of the primary mineralized zone beneath the current open-pit design and highlight additional hanging-wall and footwall potential.The program combines reverse-circulation (RC) pre-collars with diamond-core (DD) tails, reducing cost and cycle time while ensuring high-quality geological, geotechnical, and metallurgical data needed for final pit design and early mine planning.Highlights From First Five HolesConsistent grades and widths comparable to the modelled resource confirm continuity of the main mineralized lodes.Mineralization demonstrated to >250 m vertical depth, extending beyond the historical resource limit.Additional lodes intersected in the footwall and hanging wall, offering potential to expand future resource estimates.Initial results support both resource conversion and resource growth objectives of the Area C program.Similar grades to the drill holes that make up the resource, at similar widths, confirm the depth extension of the mineralisation. Encouraging intersections of additional mineralisation in the footwall and hanging wall of the primary modelled mineralisation achieved and geological continuity demonstrated to vertical depth of more than 250m below surface. The historical inferred mineral resource to a maximum depth of 200m below surface have been demonstrated to extend further down-dip thus far with the current assay results and will be demonstrated with the continued drilling on this program. These results strengthen confidence in the geological model and indicate meaningful potential to extend the open-pit shell and evaluate future underground optionality beyond the planned shallow open pit operation.Five from the planned twenty-four drill holes have been completed with assay results received from the MSA Laboratory in Geita. The results are summarised in the table 1 and figure 1 below.Table 1 Summary results of first batch of assays receivedBHIDXYZAzimuthDipEOHSample typeCore sizeFromTomg/tm.g/tIMWDR_00537797996791501180180-60231.60DDNQ129.10130.451.350.460.62IMWDR_00437797996790901185175-60150.60DDNQ72.7774.051.280.660.84IMWDR_00837805196791751180190-60276.60DDNQ228.85230.401.551.412.18IMWDR_00737805196791251180190-60210.80DDNQ132.80135.362.566.9617.82IMWDR_00737805196791251180190-60210.80Included above134.64134.890.2565.0216.25IMWDR_00737805196791251180190-60210.80DDNQ150.80153.552.751.965.38IMWDR_00937812396791401180190-60228.80DDNQ136.70143.006.300.623.89IMWDR_00937812396791401180190-60228.80DDNQ169.75171.081.3311.8815.80IMWDR_00937812396791401180190-60228.80Included above170.40170.620.2268.7415.12IMWDR_01137819096791151180180-60220.60DDNQ131.10134.633.533.4012.01TOTAL1319.002.582.8358.53Notes: Collar coordinatesArc 1960 UTM 36S Collar azimuth Degrees – 0° is north Collar dip Degrees – negative is down Sample type DD – diamond drill True thickness True thickness is 0.66 of sample length QAQC Internal – every 20th sample is a Blank Sample, CRM & Duplicate sample. MSA Lab results all passed QAQC. Sample core size Split NQ core Type of analytical procedure MSA Labaratories (T) Limited – Geita, Chrysos PhotonAssay, International Standards ISO/IEC 17025 and ISO 9001 Figure 1 Area C current pit designs, current drilling with drill hole results viewed towards the north-east.To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/2214/275903_27dd1eb084fc39f0_002full.jpgManagement CommentaryMarc Cernovitch, President & CEO, commented: "These first results are exactly what we hoped to see as we advance Imwelo toward development. 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."Hendrick Mering, Exploration Manager, added: "The geology is lining up exceptionally well with our expectations. We are seeing strong quartz veining, alteration, and structural continuity across multiple zones. These early assays validate what we've observed in core and confirm that the resource remains open at depth. The down-dip potential below 250 metres is particularly encouraging."Program ObjectivesFinal pit design & geotechnical: Collect oriented core and rock-mass data to refine slope angles, wall support requirements, and ramp geometry; complete in-pit geotechnical domains for the final pit shel