Lahontan Gold Corp. Expands Santa Fe Mine Project with Acquisition of York Claims

Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) signed a binding term sheet on August 18, 2025, to acquire 27 unpatented lode mineral claims known as the York Claims from Emergent Metals Corp. This acquisition adds approximately 2.1 square kilometers of mineral rights to the Santa Fe Mine Project, adjoining the site immediately south and southeast of the York open pit and gold resource. A recent Preliminary Economic Assessment indicated that gold-silver mineralization extends toward the York Claims, suggesting significant potential for resource expansion. The transaction is expected to facilitate the expansion of the York open pit and potentially increase mineral resources in the area, enhancing the project's overall economic viability.

The Santa Fe Mine Project, Lahontan Gold Corp.'s flagship property, has a history of past production totaling 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines using heap-leach processing. According to a Canadian National Instrument 43-101 compliant report, the project holds an Indicated Mineral Resource of 1,539,000 ounces of gold equivalent and an Inferred Mineral Resource of 411,000 ounces of gold equivalent, all pit-constrained. The technical content of the news release was reviewed and approved by Michael Lindholm, CPG, an Independent Consulting Geologist and Qualified Person as defined in National Instrument 43-101. For more details, the Preliminary Economic Assessment, NI 43-101 Technical Report for the Santa Fe Project is available on the company's website at https://www.lahontangoldcorp.com and through SEDAR+.

This acquisition aligns with Lahontan Gold Corp.'s strategy to advance the Santa Fe Mine Project towards production, update the Preliminary Economic Assessment, and conduct drill testing on its satellite West Santa Fe project during 2025. The expansion through the York Claims could lead to increased mineral reserves, improved project economics, and enhanced shareholder value. Investors and stakeholders can access the latest news and updates relating to Lahontan Gold Corp. at http://ibn.fm/LGCXF, providing ongoing transparency and information regarding the company's developments and progress.