VANCOUVER, British Columbia, Aug. 21, 2026 (GLOBE NEWSWIRE) — USA News Group News Commentary – A fully permitted gold project is a real asset, but permits alone do not move dirt. Lake Victoria Gold Ltd. (TSXV: LVG) (OTCQB: LVGLF) (FSE: E1K) crossed that line on July 28, 2026, when it confirmed that Phase 1 earthworks had commenced at its 100%-owned Imwelo Gold Project in northwestern Tanzania — access-road upgrades and plant-site preparation now underway, with the construction camp itself nearing completion. Days later, on July 31, 2026, the Company announced the start of a Phase 3 land valuation and compensation programme covering approximately 73 additional acres, the third such programme at Imwelo and one that brings the cumulative land area addressed since 2019 to roughly 526 acres. Then, on August 11, 2026, Lake Victoria Gold’s second asset, the Tembo Gold Project, received its own milestone: a maiden NI 43-101 Mineral Resource Estimate of 480,100 Inferred and 99,700 Indicated ounces. Three releases, nineteen days apart, describing a two-asset Tanzanian gold company where one project is now physically under construction and the other has just been defined as a resource for the first time.