Lahontan Gold Secures C$4.3 Million Through Warrant and Option Exercises to Advance Nevada Mining Projects

Lahontan Gold Corp. 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 demonstrates robust shareholder confidence in the company's mining prospects and provides complete funding for upcoming exploration activities. This financial development comes at a critical juncture for the mineral exploration sector, where adequate funding often determines the pace and success of resource development projects.

The proceeds will be directed toward exploration and mine development at the company's Nevada projects, specifically targeting the Santa Fe and West Santa Fe sites located within the prolific Walker Lane gold belt. CEO Kimberly Ann emphasized that these exercises not only demonstrate strong shareholder confidence but also leave Lahontan fully financed for its fall drilling programs while tightening the company's share structure for future growth. This strategic positioning allows the company to advance its projects without immediate need for additional financing rounds, providing operational stability during critical exploration phases.

The Santa Fe Mine project represents Lahontan's flagship property, encompassing 26.4 square kilometers with significant historical production and substantial remaining resources. Between 1988 and 1995, the property produced 359,202 ounces of gold and 702,067 ounces of silver from open pit mines utilizing heap-leach processing. Current resource estimates indicate an Indicated Mineral Resource of 1,539,000 ounces of gold equivalent and an Inferred Mineral Resource of 411,000 ounces of gold equivalent, all pit constrained according to Canadian National Instrument 43-101 standards. Additional technical details are available in the Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project dated January 24, 2025.

The company's development strategy includes advancing 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 during 2025. The technical content of the company's disclosures 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. For comprehensive corporate information and project updates, stakeholders can access the company's official communications through the company's newsroom.

This capital raise occurs within a broader industry context where mining companies face increasing pressure to demonstrate financial stability while advancing exploration projects. The successful warrant and option exercises suggest market confidence in Lahontan's technical approach and management team. The Walker Lane gold belt has historically been a productive mining region, and continued investment in exploration there supports ongoing assessment of Nevada's mineral potential. The tightened share structure resulting from these exercises may provide additional benefits for long-term shareholder value, as reduced share dilution typically supports stronger per-share metrics during future growth phases.