Permits Done. Funding Closed. Drilling Started. Stock…

From the USA News Group archive. This article dates from Apr 2, 2025 and is preserved as first published.

ISSUED ON BEHALF OF LAKE VICTORIA GOLD LTD.

Lake Victoria Gold (TSXV:LVG|OTCQB:LVGLF) Is Building Tanzania’s Next Gold Mine—And You Can Still Buy In Below What Barrick Paid

Still Under $0.20—And the Path to Production Is Clearing

This junior gold stock just pulled off something rare in today’s market:

It got fully permitted. It secured the crucial government agreements[1]. It raised $8 million[2].

And it’s actively drilling to finalize pit design[3] at a fully permitted gold project in East Africa.

This isn’t another “high-potential” drill play waiting for permits. This is a construction-ready project with funding closed, government framework agreed upon, and active drilling underway—positioned beside a 20-million-ounce deposit operated by one of the biggest players in the game… Barrick Gold.

First gold pour is projected in 2026.

Insiders and strategic partners hold over 70% of the float.

And the stock is trading below where Barrick Gold bought in ($0.27 per share) and where Tanzania’s most powerful mining billionaire closed on 16 million shares ($0.22 per share).

Gold broke through $4,000 per ounce in October 2025[4], hitting an all-time high of $4,380[5], before settling above $4,000 to this day[6]. The majors are consolidating. But retail hasn’t noticed this one. Yet.

🚨CLICK HERE to read the FULL BREAKDOWN before the market wakes up🚨

Gold Above $4,000—And Capital Is Flowing to East Africa

While gold surges past $4,000 per ounce[7] and central banks accumulate at record pace[8], mining capital is pivoting away from West Africa’s rising political risk—and flooding into Tanzania.

The evidence is clear: Barrick Gold has invested over $4 billion in Tanzania[9]. AngloGold and Perseus are expanding. And another East African junior once ran from pennies to a $300 million valuation by moving into production.

The evidence is clear: Barrick Gold has invested over $4 billion in Tanzania[9].

But that play didn’t have this level of insider ownership, strategic backing, or regulatory momentum.

Lake Victoria Gold has all three—and a clean capital structure with no cheap warrants waiting to unwind.

Lake Victoria Gold: Funded, Permitted, and Drilling

The Imwelo project is fully permitted and drilling is underway[10] to finalize pit design and expand the resource at Area C—with a 4,000-metre program currently in progress.

The mine will be built by Taifa Mining, Tanzania’s largest mining contractor with 30+ years of experience, owned by Rostam Aziz—the richest and most politically connected man in the country, who also bought 16 million LVG shares at $0.22.

Barrick Gold owns 5.5 million shares, purchased at $0.27.

Today, investors can still buy below what BOTH of them paid.

✅ $8 Million Raised – Closed oversubscribed $6M LIFE placement + $2M concurrent placement

✅ Government Framework Secured – Reached agreement in principle on 16% free carried interest with Tanzania

✅ Environmental Approval Updated – NEMC approved updated ESMP for Imwelo

✅ Active Drilling Underway – 4,000m program at Area C to finalize pit design and grow ounces

✅ Barrick Delivering Results – Q2 drilling confirms geology; LVG eligible for up to $45M contingent payments

Don’t Miss the Next Update

Lake Victoria Gold is building quietly. But the rerate window won’t stay open long.

[Get LVG Updates Now]

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. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for Lake Victoria Gold Ltd. advertising and digital media from the company directly. There may 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 own shares of Lake Victoria Gold Ltd. which were purchased in the open market, 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 has been approved by Lake Victoria Gold Ltd.; 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://lakevictoriagold.com/lake-victoria-gold-reaches-agreement-in-principle-with-government-of-tanzania-on-free-carried-interest-framework/

[2] https://lakevictoriagold.com/lake-victoria-gold-announces-closing-of-non-brokered-concurrent-private-placement-of-2-million/

[3] https://lakevictoriagold.com/lake-victoria-gold-announces-imwelo-area-c-drilling-underway-4000-m-to-finalize-pit-design-grow-ounces/

[4] https://www.gold.org/goldhub/gold-focus/2025/10/gold-hits-us4000oz-trend-or-turning-point

[5] https://www.mining.com/gold-price-falls-by-most-in-four-years-as-rally-cools-off/

[6] https://www.jmbullion.com/charts/gold-price/

[7] https://www.cnbc.com/2025/10/07/gold-4000-record.html

[8] https://www.visualcapitalist.com/central-banks-now-hold-more-gold-than-u-s-treasuries/

[9] https://www.cbsnews.com/news/why-is-the-price-of-gold-rising-4000-ounce-economy/

[10] https://lakevictoriagold.com/building-the-starter-pit-lake-victoria-gold-mobilizes-drill-rig-at-imwelos-area-c/