Lahontan Gold Corp.'s Santa Fe Mine Exploration Plan Advances to NEPA Review Stage

Lahontan Gold Corp. has announced that its Exploration Plan of Operations for the Santa Fe Mine Project has entered the National Environmental Policy Act review process conducted by the U.S. Bureau of Land Management. The company, trading under symbols TSXV: LG and OTCQB: LGCXF, expects the review to proceed rapidly since a draft Environmental Assessment has already been completed. This regulatory milestone represents a significant step forward for the mineral exploration company's flagship Nevada property.

The company has taken additional measures to potentially expedite the review process by signing a Contributed Funds Agreement to provide funding for additional BLM personnel. According to CEO Kimberly Ann, the exploration plan supports staged drilling of more than 700 holes at the Santa Fe Mine Project, which could substantially enhance opportunities to expand gold and silver resources and future mining potential. The Santa Fe Mine project covers 26.4 square kilometers in the mining-friendly Walker Lane region of Nevada and has a history of past production totaling 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995.

The Santa Fe Mine currently boasts a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 gold equivalent ounces and an Inferred Mineral Resource of 411,000 gold equivalent ounces, all pit-constrained. The technical content of the company's disclosure has been reviewed and approved by Michael Lindholm, CPG, Independent Consulting Geologist to Lahontan Gold Corp., who serves as a Qualified Person as defined in National Instrument 43-101. Additional technical details are available in the Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project dated January 24, 2025.

The advancement of the NEPA review process signals important progress for the mining industry in Nevada, particularly for junior mining companies seeking to develop substantial mineral resources. The successful completion of this environmental review could pave the way for extensive drilling programs that may significantly increase the project's resource base. For investors and industry observers, this development represents a critical regulatory hurdle being cleared in the path toward potential future production at a project with established historical production and substantial existing resources.

Lahontan Gold Corp. 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 company maintains additional information through its corporate communications channels, including updates available through specialized financial news platforms. The latest developments relating to the company's progress can be monitored through established financial news distribution networks that serve the investment community.