Loncor Applies to Extend the Expiry Dates of Certain Warrants

TORONTO, May 24, 2024 /CNW/ - Loncor Gold Inc. ("Loncor" or the "Company") (TSX:LN.TO) (OTCQX:LONCF) (FSE:LO51) announces that it has applied to the Toronto Stock Exchange ("TSX") to extend the expiry dates of a total of 3,375,000 outstanding common share purchase warrants of the Company (the "Warrants"). The Warrants were issued as part of a private placement of securities of the Company which closed in June 2022. Each of these Warrants has an exercise price of Cdn$0.75 per share. Currently, 350,000 of these Warrants have an expiry date of June 8, 2024 and the remaining 3,025,000 of such Warrants have an expiry date of June 10, 2024. The Company has applied to the TSX to extend both such expiry dates to June 10, 2025. No insiders of the Company hold any of these Warrants, directly or indirectly. Finalization of this extension is subject to the approval of the TSX. If such approval is obtained, this extension will be effective ten business days from the date of this press release.