Loncor Reports Wide Gold Intercepts of 34.63 Metres Grading 3.12 g/t Gold and 29.82 Metres Grading 1.77 g/t Gold at its Infill Drill Program at Adumbi

• Results from hole LADD023 reported 34.63 metres grading 3.12 g/t gold (including 5.75 metres grading 7.23 g/t gold and 7.15 metres grading 5.55 g/t gold) and 29.82 metres grading 1.77 g/t gold

TORONTO, Oct. 21, 2021 (GLOBE NEWSWIRE) -- Loncor Gold Inc. ("Loncor" or the "Company") (TSX: "LN"; OTCQX: "LONCF"; FSE: "LO51") is pleased to announce assay results from its drilling program within its 84.68%-owned Imbo Project in the eastern part of the Ngayu greenstone belt in the Democratic Republic of the Congo. Borehole LADD023 drilled at its flagship Adumbi deposit intersected 34.63 metres grading 3.12 grammes per tonne (g/t) gold (including 5.75 metres grading 7.23 g/t gold and 7.15 metres grading 5.55 g/t gold) and 29.82 metres grading 1.77 g/t gold (see Figures 1 and 2 below).

Significant mineralized sections for borehole LADD023 are summarised in the table below:

Borehole Number	From (m)	To (m)	Intersected Width (m)	Grade (g/t) Au
LADD023	227.10	261.73	34.63	3.12
LADD023 including	231.65	237.40	5.75	7.23
LADD023 including	248.10	255.25	7.15	5.55
LADD023	270.43	300.25	29.82	1.77

Note: It is estimated that the true width of the mineralised sections for core hole LADD023 is 76% of the intersected widths in the above table. Regular measurements of inclination and azimuth were taken at 30 metre intervals down the hole and all the core was orientated. All intercepted grades are uncut with maximum internal dilution equal to or less than 4 metres of intersected width.

Commenting on these latest drilling results, Loncor President Peter Cowley said: “This infill core hole was situated within the central part of the open pit shell with the objective of converting a good part of the 3.15 million ounce inferred resource into a higher confidence category. Results received for this infill program demonstrate very good continuity of the mineralised, banded ironstone formation (“BIF”) package. Drilling has now been completed within the pit shell as well as below the pit to outline potential underground resources at depth. The focus at Adumbi is now metallurgical, processing, mining and infrastructural and financial studies in order to complete the Preliminary Economic Assessment (P.E.A) in December of this year.”