Controls 4M ounces of high-grade gold resources In The DRC

Adumbi Gold Deposit: Second Largest Gold Deposit In DRC, USD $1.3 Billion after tax valuation at a price of $ 2,000/oz gold

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Message: Loncor Gold shareholders elect six directors at AGM

Mr. John Barker reports

LONCOR GOLD ANNOUNCES ELECTION OF DIRECTORS

The six nominees listed in Loncor Gold Inc.'s management information circular for the annual meeting of shareholders of the company, held on Thursday, June 27, 2024, were elected at the meeting as directors of Loncor. The vote was conducted by a show of hands. The following are details of this vote:

Voting results on all matters voted on at the Meeting have been filed on SEDAR+ at www.sedarplus.ca .

About Loncor Gold Inc.

Loncor is a Canadian gold exploration company focussed on the Ngayu Greenstone Gold Belt in the northeast of the Democratic Republic of the Congo (the "DRC"). The Loncor team has over two decades of experience of operating in the DRC. Loncor's growing resource base in the Ngayu Belt currently comprises the Imbo and Makapela Projects. At the Imbo Project, the Adumbi deposit holds an indicated mineral resource of 1.88 million ounces of gold (28.185 million tonnes grading 2.08 g/t gold), and the Adumbi deposit and two neighbouring deposits hold an inferred mineral resource of 2.090 million ounces of gold (22.508 million tonnes grading 2.89 g/t Au), with 84.68% of these resources being attributable to Loncor. Following a drilling program carried out by the Company at the Adumbi deposit in 2020 and 2021, the Company completed a Preliminary Economic Assessment ("PEA") of the Adumbi deposit and announced the results of the PEA in December 2021. The Makapela Project (which is located approximately 50 kilometres from the Imbo Project) has an indicated mineral resource of 614,200 ounces of gold (2.20 million tonnes grading 8.66 g/t Au) and an inferred mineral resource of 549,600 ounces of gold (3.22 million tonnes grading 5.30 g/t Au). On December 13, 2023, Loncor announced the sale of the Makapela Project, which sale is expected to be completed during the third quarter of 2024.

View original press release here: http://www.newswire.ca/en/releases/archive/June2024/27/c0654.html

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