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lake victoria mining co inc (LVCA) Key Developments

Lake Victoria Mining Company, Inc. Auditor Raises 'Going Concern' Doubt

Lake Victoria Mining Company, Inc. filed its 10-K on Jun 30, 2014 for the period ending Mar 31, 2014. In this report its auditor, Manning Elliott, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Ian A. Shaw Resigns as Member of the Board of Lake Victoria Mining Company, Inc

Effective February 3, 2014, Ian A. Shaw resigned as a member of the board of directors and from all committees of the board of directors of Lake Victoria Mining Company, Inc.

Lake Victoria Submits Application to Ministry of Energy and Minerals for a Mining License to Commence a Medium Scale Gold Mine at Kanunga Village, Tanzania

Lake Victoria Mining Company, Inc. submitted an application to the Ministry of Energy and Minerals of Tanzania license department for a Mining License and Processing License to commence a medium scale gold mine at the company's Kinyambwiga gold project, Kanunga Village, Tanzania. After officially receiving the Environmental and Social Impact Assessment certificate of approval issued from the National Environment Management Council (NEMC) on January 7, 2014 the company was now able to submit an application for the Mining License and Processing License. The application covers the Kunanga site that encompasses 39 Primary Mining Licenses (PMLs) that were amalgamated on the July 5, 2013 into one PML license covering an area of 3.45 square kilometers in anticipation of making application for the Mining License. The area also includes two other known gold occurrences at Kunanga 2 and 3. The focus for this Mining License will be the Kunanga 1 deposit which has been traced for 700 metres and has seen extensive artisanal mining active in the past. Drilling between and below the artisanal workings has shown continuity of mineralization along strike and down dip over widths and grades with broad zones of lower grade material (eg. 1.21 gpt gold across 16 metre widths) and narrower zones of higher-grade material (eg 12.76 gpt gold across 3 metre widths). Metallurgical testing has demonstrated very good recoveries (>95%) using simple gravity and leaching techniques.

Lake Victoria Mining Company Receives Environmental Impact Assessment Approval for Kunanga Medium Scale Gold Mine, Tanzania, East Africa from National Environment Management Council of Tanzania

Lake Victoria Mining Company Inc. announced that on January 7, 2014 the company received the Environmental Impact Assessment (EIA) Certificate of approval from the National Environment Management Council (NEMC) of Tanzania, for Lake Victoria's planned Kunanga Medium Scale Gold Mine that is within the Company's Kinyambwiga Gold project, in northern Tanzania. The Environmental and Social Impact Assessment Final Report, prepared for the company by a Tanzanian environmental consulting firm, was submitted to NEMC on the August 2, 2013. The EIA certificate of approval, registration number 2247 EC/EIS/1106 is issued under the Environmental Management Act No.20 of 2004. The EIA Certificate is valid during the entire life cycle of the project based on the company's compliance with the General and Specific Conditions of its issuance.

Lake Victoria Mining Company’s Ordinary Shares Deleted From OTCBB

Lake Victoria Mining Company, Inc.’s Ordinary Shares has been deleted from OTC Bulletin Board (OTCBB) effective October 21, 2013 on account of ineligible for quotation on OTCBB due to quoting inactivity under SEC Rule 15c2-11.


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