Lahontan Gold Corp. Advances Nevada Gold-Silver Assets Toward Production Phase

Lahontan Gold Corp. is advancing its past-producing, open-pit heap leach gold-silver assets in Nevada's Walker Lane, where nearly 2 million ounces of gold equivalent have been outlined. With active drilling at West Santa Fe, ongoing permitting and metallurgical work supporting upcoming economic studies, the company is entering a pivotal phase as it moves the project closer to potential production. The Santa Fe Mine has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq and an Inferred Mineral Resource of 411,000 oz Au Eq, all pit constrained.

The company holds four top-tier gold and silver exploration properties in the Walker Lane of mining friendly Nevada. Lahontan's flagship property, the 26.4 km2 Santa Fe Mine project, had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing. The Company plans to continue advancing the Santa Fe Mine project towards production, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025.

The technical content of this news release and the Company's technical disclosure has been reviewed and approved by Michael Lindholm, CPG, Independent Consulting Geologist to Lahontan Gold Corp., who is a Qualified Person as defined in National Instrument 43-101. For more information, please visit the company's website at https://www.lahontangoldcorp.com. The Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project is available on the Company's website and SEDAR+.

This advancement matters because it represents significant progress in developing substantial gold-silver resources in a mining-friendly jurisdiction, potentially contributing to domestic mineral production. The project's movement toward production could create economic opportunities while leveraging existing infrastructure from past operations. The technical validation through NI 43-101 compliance provides credibility to the resource estimates, which is crucial for investor confidence and project financing.

The implications extend to the broader mining sector as successful development could demonstrate the viability of reopening past-producing mines with modern techniques. For investors, the company's progress through permitting and economic studies represents critical milestones toward potential production decisions. The latest news and updates relating to LGCXF are available in the company's newsroom at http://ibn.fm/LGCXF.