Lahontan Gold Reports Significant Oxide Gold and Silver Intercepts at West Santa Fe Project

Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) has reported additional analytical results from its 2025 maiden drilling program at the West Santa Fe project located in Nevada's Walker Lane region. The results include 48.8 meters grading 0.83 g/t Au Eq in hole WSF25-02R and 45.7 meters grading 0.64 g/t Au Eq in hole WSF25-05R, with mineralization beginning at surface and remaining open to the north and west. According to management, these findings confirm a 500-by-350-meter surface expression of gold and silver mineralization with thicknesses ranging from approximately 35 to nearly 60 meters.

The company highlighted that the oxide mineralization geometry may support potential low strip ratio open pit mining, which could significantly reduce operational costs. Lahontan Gold is currently awaiting final results from the 2025 program while advancing planning for follow-up drilling. The technical content of this news release and the company's technical disclosure 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 — Standards of Disclosure for Mineral Projects.

Lahontan Gold holds four top-tier gold and silver exploration properties in the Walker Lane of mining-friendly Nevada through its US subsidiaries. The company's flagship property, the 26.4 km2 Santa Fe Mine project, had 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. 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 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. For more detailed information about the company's technical reports and mineral resources, investors can refer to the full terms of use and disclaimers available through the company's communications platform. Additional news and updates relating to LGCXF are available in the company's newsroom at http://ibn.fm/LGCXF.

The West Santa Fe project results are particularly significant because they demonstrate continuity of mineralization from surface, which is crucial for economic open pit mining operations. The oxide nature of the mineralization is also important as oxide gold typically has higher recovery rates through conventional heap leach processing methods compared to sulfide ores. These factors combined suggest the potential for lower capital and operating costs should the project advance to production.

As the company awaits final results from the 2025 program, the current findings provide strong encouragement for continued exploration and development at West Santa Fe. The confirmation of a substantial surface expression of mineralization over a significant area, combined with the favorable mining characteristics of the deposit, positions this project as an important component of Lahontan Gold's overall development strategy in Nevada's prolific Walker Lane mineral belt.