Great Republic Mining Corp. has entered into a binding letter of arrangement and plan of arrangement (definitive agreement) to be acquired by Lode Gold Resources Inc.'s wholly owned subsidiary (1475039 B.C. Ltd. or Gold Orogen), pursuant to which Lode Gold will acquire all of the issued and outstanding shares of Great Republic Mining by way of a reverse takeover (RTO) transaction.

Lode Gold and its subsidiary plan to carry out a tax-efficient spinout transaction by way of an RTO of the currently Canadian Securities Exchange listed Great Republic Mining. Upon closing, the shareholders of Great Republic Mining (the target shareholders) will own 5.94 per cent, whereas Lode Gold will own up to 74.16 per cent of the issued and outstanding shares of the company on a non-diluted basis (assuming the concurrent $1.5-million financing as defined herein is fully subscribed for) and Fancamp Exploration Ltd. will own 19.9 per cent. Subsequently, the resulting entity from the proposed RTO will continue the business as Gold Orogen. After the completion of the spinout, Great Republic Mining shareholders will receive shares in Gold Orogen. All other details can be accessed on the Sept. 24, 2024, news release.

Bill Fisher, chief executive officer of Great Republic Mining, added, "With gold at all-time high price, a new dynamic gold exploration company with prospective grounds in Yukon and New Brunswick that is already funded with $3-million to pursue exploration work is an excellent opportunity for all stakeholders."

About Great Republic Mining Corp.

Great Republic Mining is a Canadian exploration company engaged in the business of acquiring and exploring mineral resource properties founded by a team with extensive geological, mining and capital market experience.