Lahontan Gold Corp. Receives BLM Approval for Expanded Exploration at Santa Fe Mine

The Bureau of Land Management has published its Decision Record, Finding of No Significant Impact and approval of Lahontan Gold Corp.'s Exploration Plan of Operations for the Santa Fe Mine project, concluding the NEPA Environmental Assessment process. This authorization allows Lahontan to advance a significantly expanded drilling and development program at its flagship Nevada property. The approved plan permits exploration across a 12.2 km² area with more than 700 drill holes targeting new geologic and geochemical anomalies, historic high-grade intercepts and multiple untested zones beyond the current gold and silver resources.

The expanded exploration program will focus on high-priority targets including the Pinnacles area and Guzzler zone, representing substantial untapped potential beyond the established mineral resources. The Santa Fe Mine project already hosts significant mineral resources with 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 property has a history of past production, having yielded 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing.

This regulatory milestone represents a critical advancement for the company's development timeline. The Bureau of Land Management approval clears the path for accelerated exploration activities that could substantially expand the project's resource base. The comprehensive environmental assessment process under NEPA ensures that exploration activities meet federal regulatory standards while enabling systematic evaluation of the property's full potential. The technical content of the announcement 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.

The company's strategic plan includes advancing the Santa Fe Mine project towards production, updating the Santa Fe Preliminary Economic Assessment, and drill testing its satellite West Santa Fe project during 2025. The expanded exploration authorization comes at a pivotal time for the company's development strategy, potentially accelerating the timeline toward production decision. The detailed technical information is available in the Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project, which can be accessed through the company's regulatory filings. Additional company information and updates are available through their corporate communications channels and regulatory disclosures.