Lahontan Gold Bolsters Management as Santa Fe Mine Heads for 2027 Restart

Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) has announced three strategic additions to its management team, signaling a decisive step in its evolution from mine developer to mine builder as it targets a 2027 production restart at the Santa Fe Mine in Nevada. The company, which is advancing permitting and mine planning for the project, aims to leverage the new expertise to accelerate its transition toward construction and operations.

Tony Gesualdo rejoins Lahontan as vice president of exploration after serving as exploration manager from 2020 to 2023, where he was instrumental in developing the Santa Fe Mine's initial Mineral Resource Estimate. His return brings continuity and deep knowledge of the project's geology, which is critical as the company seeks to expand resources and optimize the mine plan. Michael Kubel joins as senior mine engineer, bringing over a decade of experience in Nevada open-pit gold mining and heap-leach operations, including stints at the Florida Canyon and Hycroft mines. His operational background will be vital in refining the Santa Fe mine design and ensuring cost-effective production methods. Jen Earle takes on investor relations and business development, leveraging two decades of experience in natural resources and capital markets across LSE, ASX, and TSX listings to strengthen shareholder communication and strategic partnerships.

These appointments come at a pivotal time for Lahontan. The Santa Fe Mine, which historically produced 359,202 ounces of gold and 702,067 ounces of silver from 1988 to 1995, holds a NI 43-101 compliant Indicated Mineral Resource of 1,539,000 ounces of gold equivalent (Au Eq) and an Inferred Resource of 411,000 ounces Au Eq. The company is updating its Preliminary Economic Assessment (PEA) and plans to drill test its satellite West Santa Fe project during 2025, underscoring its commitment to resource growth and project de-risking.

The management expansion is a clear signal that Lahontan is gearing up for the complex phases of construction and operations. With a strong technical team in place, the company is better positioned to navigate regulatory approvals, optimize mine planning, and secure financing. The Santa Fe project's location in mining-friendly Nevada, combined with its past production history and substantial gold equivalent resources, makes it an attractive asset in a sector where gold prices remain strong. By strengthening its leadership, Lahontan aims to deliver value to shareholders while advancing towards a production restart that could significantly boost its output and revenue streams.

The company's focus on advancing the Santa Fe Mine is part of a broader strategy to capitalize on favorable market conditions for gold. As the project moves closer to a 2027 restart, the management additions are expected to play a key role in ensuring technical excellence, operational readiness, and robust stakeholder engagement. For more information on Lahontan Gold and its projects, visit the company's website at www.lahontangoldcorp.com.