Loncor Gold Announces Shareholder Approval of Acquisition by Chengtun Mining

• 99.70% of the Votes Cast at the Shareholders' Meeting were in Favour of the Acquisition

Toronto, Ontario--(Newsfile Corp. - December 11, 2025) - Loncor Gold Inc. (TSX: LN) (OTCQX: LONCF) (FSE: LO5) ("Loncor" or the "Company")  is pleased to announce that shareholders of the Company ("Shareholders"), at the Company's special meeting of Shareholders (the "Meeting") held earlier today, have voted in favour of the previously announced acquisition of the Company by Chengtun Mining Group Co., Ltd. (SSE: 600711), through its wholly-owned subsidiary, Chengtun Gold Ontario Inc. (the "Purchaser"), pursuant to a plan of arrangement under the Ontario Business Corporations Act (the "Arrangement" or the "Transaction").

The completion of the Arrangement required the approval of at least: (i) 66 2/3% of the votes cast at the Meeting by Shareholders present in person or by proxy and entitled to vote at the Meeting; and (ii) a simple majority of the votes cast at the Meeting by Shareholders present in person or by proxy and entitled to vote at the Meeting, excluding votes cast in respect of common shares of the Company ("Shares") beneficially owned or over which control or direction is exercised by persons whose votes must be excluded in accordance with Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101").

The matter voted upon at the Meeting and the results of the voting were as follows:

Special resolution, the full text of which is set forth in Appendix "A" to the management information circular of Loncor dated November 10, 2025, approving, among other things, a plan of arrangement under Section 182 of the Ontario Business Corporations Act involving Loncor and the Purchaser
	Outcome of Vote	For	Against
By Shareholders	Approved	128,180,130 Shares	390,031 Shares
		(99.70%)	(0.30%)
By Shareholders (excluding votes attached to the Shares required to be excluded for the purposes of "minority approval" under MI 61-101)	Approved	98,012,721 Shares	390,031 Shares
		(99.60%)	(0.40%)

 

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