Lahontan Gold Advances Nevada Strategy with Defined Resources and Positive PEA

Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) is advancing its Nevada strategy, positioning its Santa Fe Mine project as a key gold development opportunity at a time when jurisdictional stability is becoming increasingly important to mining investors. The past-producing Santa Fe project contains nearly 2 million ounces of gold-equivalent resources and has a Preliminary Economic Assessment (PEA) outlining a US$200 million after-tax net present value (NPV) and a 34.2% internal rate of return (IRR) based on a US$2,705 gold price—significantly below mid-2026 prices above US$4,100 per ounce.

The company has secured federal drilling approvals, expanded exploration with two rigs, and advanced permitting, targeting a potential production restart in 2027. Lahontan's Nevada properties benefit from established mining infrastructure, a skilled workforce, and a predictable regulatory environment, making the region an attractive destination for mining investment.

The significance of this announcement lies in the project's robust economics and the strategic importance of Nevada as a mining jurisdiction. With gold prices currently well above the PEA's base case, the project's potential upside is substantial. The PEA's NPV and IRR demonstrate the project's viability, and the company's progress in permitting and exploration de-risks the development timeline.

Lahontan Gold is a Canadian mine development and exploration company advancing a portfolio of gold and silver assets in Nevada's Walker Lane, one of the world's most productive and mining-friendly regions. Through its U.S. subsidiaries, the company controls four gold and silver properties in Nevada, three of which are 100%-owned and one controlled via a low-cost option to acquire full ownership. With a clear near-term path to production, Lahontan is focused on unlocking oxide gold and silver value from past-producing, infrastructure-rich projects.

For more information, visit the company's website at LahontanGoldCorp.com. The latest news and updates relating to LGCXF are available in the company's newsroom at http://ibn.fm/LGCXF.

This development underscores the growing interest in Nevada's gold sector, driven by its favorable mining climate and the potential for high returns. As the company moves closer to production, its progress will be closely watched by investors seeking exposure to precious metals in a stable jurisdiction.