As reported in the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on September 6, 2019, on September 4, 2019, the Company entered into a drilling contract with Caldera Partners Limited Partnership. At that time, it was anticipated that exploratory surface drilling operations on the patented and unpatented mining claims in Hinsdale County, Colorado, owned by the Company would commence during the fall. It has now been determined that due to the approaching winter season, drilling will not commence until late spring or early summer of 2020.

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About LKA Gold Incorporated (OTCMKTS:LKAI)

LKA Gold Incorporated is an exploration-stage company. The Company is engaged in an exploration program at the Golden Wonder mine. The Company owns certain real and personal property interests, including patented and unpatented mining claims, buildings, fixtures, improvements, equipment and permits situated near Lake City, Colorado. It owns interest in the Ute-Ulay (non-donated portion of patented claims) and Golden Wonder Properties. The Company’s Ute-Ulay silver mine and milling facility (Ute-Ulay Property ) and the Golden Wonder gold mine (the Golden Wonder Property), consist of certain patented and unpatented mining claims and a milling facility located in Hinsdale County, Colorado. The Company’s Ute-Ulay Property consists of approximately 20 patented mining claims located approximately four miles west of Lake City, Colorado. These are mineralized silver-lead-zinc mines. The Golden Wonder Property consists of approximately three patented and over 25 unpatented mining claims.