Lahontan Gold Corp. Mobilizes Core Drill Rig at Santa Fe Mine Project to Advance 2027 Production Timeline

Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) has mobilized a Super 90 track-mounted core drill rig to its flagship Santa Fe Mine Project in Nevada's Walker Lane as part of ongoing mine development and state-level permitting efforts. The core drilling program is focused on collecting samples for waste rock geochemical characterization and further defining groundwater distribution in areas proposed for open pit mining, both key components of the permitting process. The company expects the data generated to support its plans for the resumption of open pit mining and heap leach processing at Santa Fe, with the objective of remaining on schedule to break ground at the project in 2027.

The Santa Fe Mine project represents a significant mineral resource with 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. According to the company's technical disclosure, the property 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 this news release 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 detailed technical information, the Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project is available on the Company's website and SEDAR+.

This drilling mobilization is particularly important because it addresses two critical environmental and regulatory requirements for mine permitting: understanding the geochemical characteristics of waste rock and mapping groundwater distribution. These studies are essential for developing appropriate mine plans, waste management strategies, and water protection measures that regulatory agencies require before approving mining operations. The data collected will directly inform the company's permitting applications and help demonstrate that the project can be developed in an environmentally responsible manner.

The company's progress toward its 2027 production timeline has broader implications for the mining sector in Nevada, which remains one of the world's most important gold-producing regions. Successful advancement of the Santa Fe Mine project could contribute to maintaining Nevada's position as a leading gold producer while demonstrating how historical mining districts can be revitalized with modern techniques and environmental standards. The project's location in the Walker Lane mineral belt, known for its significant gold and silver deposits, adds to its strategic importance within the North American mining landscape.

For investors and stakeholders following the company's progress, the latest news and updates relating to LGCXF are available in the company's newsroom. The technical report referenced in this announcement provides comprehensive details about the mineral resources, economic assumptions, and project parameters that underpin the company's development plans. Mineral resources are reported using specific cut-off grades and metal price assumptions, including a gold price of US$1,950/oz and silver price of US$23.50/oz, with detailed recovery rates for both oxide and non-oxide materials.