Lake Victoria Gold Announces Additional Drill Results at Imwelo, Extending Mineralization Below and to the East and West of the Current Pit DesignVancouver, British Columbia--(Newsfile Corp. - December 15, 2025) - Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF) (FSE: E1K) ("LVG" or the "Company") is pleased to announce additional analytical results from the ongoing 4,000-metre drill program at the fully permitted Imwelo Gold Project in northern Tanzania's Lake Victoria goldfield. Assays from nine new holes further confirm the down-dip continuation of the primary mineralized zone below the current pit design and, importantly, define extensions to both the west and east that had not been previously drill-tested.The program utilizes RC pre-collars with diamond-core tails to maximize geological, geotechnical, metallurgical, and mineralogical data for final pit-shell optimization, processing design, and evaluation of future underground mining potential.HighlightsIMWDR003: 3.56g/t Au over 1.21m from 83.04m including 7.16g/t Au over 0.41m;IMWDR011: 8.55g/t Au over 1.30m from 93.34m including; 20.77g/t Au over 0.31mIMWDR012: 2.49g/t Au over 2.56m from 79.20m;IMWDR013: 9.31g/t Au over 2.45m from 130.00m including 21.65g/t over 0.96m;IMWDR017: 11.19g/t Au over 0.90m from 91.8m including 32.84g/t over 0.30m and 2.97g/t Au over 3.01m from 100.52m;Key Technical TakeawaysDepth extension:Drilling continues to confirm mineralization down-dip along the entire pit design, with geological continuity now demonstrated to over 250 m vertical depth, compared to historical resource limits of ~200 m. Current holes average ~120 m depth, more than double historical drilling (~50 m), providing new information below the previous modelled limits.Lateral expansion (east and west):IMWDR012 confirms mineralization beyond the eastern pit margin.Drilling west of the interpreted NNE-trending structure has intersected new mineralization west of the fault zone, opening a new area for potential resource growthFootwall & hanging-wall zones: Additional mineralized intervals outside the primary lode suggest opportunities to add internal ounces within the current design envelope.Resource conversion potential: Results mirror the grades and widths of holes that support the existing historical resource model, improving confidence in both Inferred-to-Indicated upgrades and the potential for increased Measured resource classification.Underground optionality: Depth extensions and consistent structural continuity support ongoing evaluation of a potential underground development scenario beneath the planned shallow open pit.To date, 16 of 24 planned holes have been completed. Assays have been received from MSA Laboratory (Geita) and are summarized in Table 1 (below) and Figure 1, illustrating drill locations relative to current pit designs.The latest results confirm mineralization extends beyond 250 m vertically-well below the historical 200 m limit-and demonstrate lateral continuity to both the east and west of the current pit design. Additional footwall and hanging-wall intercepts further support resource growth and strengthen confidence in the geological model, indicating potential to expand the open-pit shell and evaluate future underground optionality.Table 1 Summary Results of Assays ReceivedTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/2214/277967_5df3a171647d7965_001full.jpg Notes: Collar coordinates Arc 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 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/2214/277967_f509664e34e59805_002full.jpgManagement CommentaryMarc Cernovitch, President & CEO, commented: "These results continue to validate our thesis for Imwelo. We are seeing meaningful extensions of mineralization both at depth and laterally beyond the current pit design, strengthening our confidence in the geological model and the long-term potential of Area C. Each new drill hole advances us toward a more robust development plan and reinforces the opportunity we see for Imwelo to become a scalable gold operation."Hendrick Mering, Exploration Manager, added: "The geology is confirming our interpretations. We are seeing strong quartz veining, alteration, and structural continuity across multiple zones along the known mineralized structures and to depth. The additional assays validate what we've observed in core and confirm that the resource remains open