Vancouver, British Columbia--(Newsfile Corp. - September 4, 2024) - Lake Victoria Gold (TSXV: LVG) ("LVG", or the "Company") is pleased to announce that all required documentation has been successfully submitted to the Tanzanian Mining Commission for both the 10-year renewal of the Imwelo Mining License ("ML") and the transfer of the mining license to LVG.

This submission includes updated Mining, Environmental, and Closure Plans, along with the necessary commitments to commence development within 90 days and the payment of the license renewal fee. These submissions represent the final steps in securing the long-term rights to the Imwelo Project, ensuring LVG's ability to continue its development and operations within the highly prospective Lake Victoria Goldfield region.

Update on Closing Process

The Company has completed due diligence, received shareholder approval and obtained conditional TSX Venture Exchange approval. Additionally, LVG has received the Tax Clearance Certificate from the Tanzanian Revenue Authority ("TRA") for the acquisition of the ML. With all required documentation now submitted to the Tanzanian Mining Commission for both the 10-year renewal and transfer of the ML, the closing of the Imwelo acquisition is expected to be completed by the end of Q3 2024. see & read more on
https://www.newsfilecorp.com/release/222062/