Lahontan Gold Corp. (TSX-V:LG) (OTCQB:LGCXF) is pleased to announce that the Company has mobilized a reverse-circulation drill rig and support equipment to its flagship Santa Fe Mine project in Nevada’s prolific Walker Lane. Lahontan will initially concentrate Phase One of its 2025 drilling program on the Slab target area. Drilling will commence on the patented lode mining claims and then expand onto lands administered by the Federal Bureau of Land Management when formal approval of the Company’s Notice of Intent is received.

Kimberly Ann, Lahontan Gold Corp CEO, Executive Chair, and Founder commented: “Lahontan is excited to begin its 2025 drill campaign at Santa Fe. The goal of the RC drilling program is to expand known gold and silver resources in the Slab and York target areas in order to increase the inventory of potentially minable precious metal ounces in this portion of the Santa Fe Mine project. Drilling will also provide additional sample material for metallurgical testing as recommended in the Santa Fe Project Technical report*. The Company anticipates initial assay results in a four to six week time frame”.

About Lahontan Gold Corp.

Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds, through its US subsidiaries, four top-tier gold and silver exploration properties in the Walker Lane of mining friendly Nevada. Lahontan’s flagship property, the 26.4 km2 Santa Fe Mine project, had past production of 359,202 ounces of gold and 702,067ounces 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 (48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag, together grading 0.99 g/t Au Eq) and an Inferred Mineral Resource of 411,000 oz Au Eq (16,760,000 grading 0.74 g/t Au and 3.25 g/t Ag, together grading 0.76 g/t Au Eq), all pit constrained (Au Eq is inclusive of recovery, please see Santa Fe Project Technical Report and note below*). 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. The technical content of this news release and the Company’s technical disclosure has been reviewed and approved by Michael Lindholm, P.Geo., 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. Mr. Lindholm was not an author for the Technical Report* and does not take responsibility for the resource calculation but can confirm that the grade and ounces in this press release are the same as those given in the Technical Report.

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