Lahontan Gold Corp. Appoints Independent Directors to Board Amid Santa Fe Mine Development

Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) announced the appointment of Antony Rowe and Miranda Werstiuk as independent directors to the company's board of directors. In conjunction with the appointments, Josh Serfass and Max Pluss have stepped down from the board. The leadership update comes as the company advances its business strategy and progresses the Santa Fe Mine project toward gold and silver production, with management noting that the refreshed board brings experience in mine development and mining finance to help guide Lahontan through its transition from mine developer to mine builder.

The company holds four gold and silver exploration properties in the Walker Lane of Nevada, with its flagship Santa Fe Mine project having past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995. 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 technical content of the news release was 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 our website: https://www.lahontangoldcorp.com.

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 latest news and updates relating to LGCXF are available in the company's newsroom at http://ibn.fm/LGCXF. The appointment of independent directors represents a strategic move to enhance corporate governance and bring specialized expertise to the board as Lahontan Gold transitions from exploration to development phase. This governance strengthening occurs at a critical juncture when the company is moving toward production decisions for its significant mineral resources in Nevada.

The Santa Fe Project Technical Report, with an effective date of December 10, 2024 and report date of January 24, 2025, is available on the Company's website and SEDAR+. Mineral resources are reported using a cut-off grade of 0.15 g/t AuEq for oxide resources and 0.60 g/t AuEq for non-oxide resources. The board refreshment signals the company's commitment to advancing its mining projects with experienced oversight, particularly important for navigating the complex regulatory and financial requirements of mine development in Nevada's established mining jurisdiction.