Lake Victoria Gold Reports High-Grade Artisanal Sampling Results (Up to 35.45 g/t Au) and Advances Development Planning at TemboVancouver, British Columbia--(Newsfile Corp. - December 18, 2025) - Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF) (the "Company" or "LVG") reports results from a recent grab sampling program conducted at multiple active artisanal mining sites within its 100%-owned Tembo Project in northwestern Tanzania. The presence of ongoing artisanal activity across the licence area has highlighted several priority targets, with grab samples returning high-grade gold values of up to 35.45 g/t Au.The sampling program was designed to assess gold mineralization associated with currently active artisanal mining operations within the Company's granted Mining Licences and to refine drill targeting ahead of the upcoming Q1 2026 drill program.Artisanal Grab Sampling ProgramA total of eight active artisanal mining locations were visited and sampled. Grab samples were collected from exposed mineralized material at surface and within shallow workings. Two of the sampled locations are newly identified areas, while two others correspond to targets defined through earlier drill programs, several of which have seen limited or non-systematic drilling to date.Notable results include:Ngula 1 - up to 35.45 g/t Au and 12.94 g/t Au, confirming high-grade mineralization at LVG's primary Tembo target and supporting its priority status for near-term drilling.Ngula 2 - grab samples returning 35.21 g/t Au, 10.27 g/t Au and 10.30 g/t Au, reinforcing historical artisanal and exploration results.Mgusu Target - previously under-drilled area returning values of 5.90 g/t Au, identifying a compelling new priority target.Nyangomango - newly identified artisanal workings returning 7.86 g/t Au and 8.50 g/t Au.Nyakagwe East - renewed artisanal activity returned 22.68 g/t Au and 3.16 g/t Au, supporting extensions of known mineralization to the northwest.Geological ObservationsMineralization observed at sites returning elevated gold values is consistently associated with smokey-grey quartz veins hosted in sheared basalts, with visible pyrrhotite and pyrite sulphides. Active artisanal workings are aligned along multiple structural trends, including northeast, northwest, and east-west orientations, consistent with the Company's established structural interpretation for the Tembo licence area. Based on these results, the Company has identified three priority drill targets that have not previously received sufficient drill coverage and warrant systematic follow-up.The artisanal workings in the project area are in all cases covered by 4-10m of transported alluvium. They are consistently associated with linear magnetic anomalies that are either east-west, northwest or northeast trending. This fact highlights the prospectivity of the licences along these trends with gold mineralization associated with all three directions. "The level of artisanal activity we're seeing across Tembo is very encouraging and highlights several areas that have not been adequately tested by drilling in the past," said Hendrick Mering, Exploration Manager "We now have multiple new targets that we're keen to get back on the ground to drill, and these results reinforce our view that Tembo hosts a large, structurally controlled gold system with significant exploration upside."Exploration and Development StrategyWith the objective of advancing toward near-term production, LVG plans to undertake a close-spaced drilling program at Ngula 1, targeting a 300-400 metre strike length that has returned consistently high-grade results in historical drilling and artisanal sampling.The Company has previously announced a non-binding letter of intent ("LOI") with Nyati Resources (T) Limited ("Nyati") in respect of potential gold processing arrangements at the Tembo Project. Building on this LOI, the Company is currently engaged in advanced discussions with Nyati regarding the potential utilization of the full capacity of an existing 500 tonne-per-day carbon-in-pulp ("CIP") processing plant located on one of LVG's Mining Licences.These discussions are focused on establishing a toll-processing arrangement that could support a potential pathway toward near-term production from the Tembo Project, subject to the completion of confirmatory drilling, permitting, and the execution of a definitive agreement. The Company is targeting the conclusion of a binding agreement in early 2026. The planned drilling program is expected to commence in Q1 2026."With an LOI in place with Nyati, our focus has shifted decisively toward execution," said Marc Cernovitch, President & CEO. "We are moving from exploration to execution. The high-grade samples at surface confirm the system's potential, while our engagement with Nyati Resources offers a tangible path to process that material. Our focus is squarely on defining the resource at Ngula 1 and finalizing a processing agreement that leverages existi