Lahontan Gold Corp. Secures C$4.3 Million Through Warrant and Option Exercises

Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) announced it has received C$4,316,948 from the exercise of warrants and stock options between July 4 and October 23, 2025, resulting in 334,420,221 common shares outstanding. The substantial capital infusion represents a significant vote of confidence from the company's shareholders and provides crucial funding for the advancement of Lahontan's Nevada mining projects. CEO Kimberly Ann emphasized that these exercises demonstrate strong shareholder support and leave the company fully financed for its upcoming fall drilling programs while tightening the share structure for future growth opportunities.

The proceeds will be directed toward exploration and mine development activities at the company's Nevada properties, particularly focusing on the Santa Fe and West Santa Fe sites located within the prolific Walker Lane gold belt. This strategic allocation of funds comes at a critical time as the company continues to advance its flagship Santa Fe Mine project toward production. The Santa Fe property has a substantial history, having produced 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing methods.

According to the company's technical disclosures, the Santa Fe Mine contains significant mineral resources with a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 ounces of gold equivalent and an Inferred Mineral Resource of 411,000 ounces of gold equivalent. These resources are pit-constrained and represent substantial potential for future development. The technical content of the company's disclosures has been reviewed and approved by Michael Lindholm, CPG, an Independent Consulting Geologist who serves as a Qualified Person as defined in National Instrument 43-101.

The company's strategic plans for 2025 include continuing to advance the Santa Fe Mine project toward production, updating the Santa Fe Preliminary Economic Assessment, and conducting drill testing at its satellite West Santa Fe project. The warrant and option exercise proceeds provide the necessary capital to execute these important milestones without requiring additional financing in the near term. For additional technical details, investors can refer to the full press release and the comprehensive technical report available through the company's regulatory filings.

This financial development positions Lahontan Gold Corp. strongly within the competitive Nevada mining landscape, where the company holds four top-tier gold and silver exploration properties through its US subsidiaries. The Walker Lane region has historically been a productive mining district, and Lahontan's properties represent significant exploration potential. The successful capital raise through warrant and option exercises reflects market confidence in the company's management team and its ability to advance these assets toward production, potentially creating substantial value for shareholders in the coming years.