VANCOUVER, BRITISH COLUMBIA – April 2, 2025 – Lupaka Gold Corp. ("Lupaka" or the “Company") (TSX-V: LPK, FRA: LQP) has received an update from the Arbitral Tribunal regarding the Company’s ongoing Arbitration Claim against the Republic of Peru.

Quoted from the Tribunal’s update “The Tribunal refers to the Claimant’s communication of 14 March 2025, and it wishes to provide the following status update to the Parties:

The ruling is in the final translation stage, but the process of translation and checking has been unexpectedly time-consuming.  Considering the time necessary to finalize the ruling for dispatch in the two procedural languages, the Tribunal anticipates and intends that the ruling will be dispatched this Spring.”

Gordon Ellis (CEO) commented “Although we had anticipated a final ruling by this time, the good news is that we are already into “Spring” so a final ruling is expected in the very near future.”