Lahontan Gold Corp. Receives BLM Approval for West Santa Fe Drill Program in Nevada

Lahontan Gold Corp. has received Federal Bureau of Land Management approval for its inaugural drill program at the West Santa Fe project located in Nevada's Walker Lane mineral belt. This regulatory clearance enables the company to proceed with validating historic drilling results and testing extensions of the shallow, oxidized gold and silver mineralization system once current drilling operations at the Santa Fe Mine are completed.

The West Santa Fe project represents a significant exploration opportunity adjacent to Lahontan's flagship Santa Fe Mine property, which has demonstrated substantial historical production and mineral resources. Between 1988 and 1995, the Santa Fe Mine produced 359,202 ounces of gold and 702,067 ounces of silver from open pit operations utilizing heap-leach processing methods. The property currently hosts 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, all pit-constrained according to technical standards.

This regulatory milestone comes as Lahontan continues to advance its broader exploration and development strategy across its Nevada portfolio. The company holds four prime gold and silver exploration properties in the mining-friendly Walker Lane region through its US subsidiaries. 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 standards.

The approval for West Santa Fe drilling represents a critical step in Lahontan's planned 2025 activities, which include advancing the Santa Fe Mine project toward production, updating the Santa Fe Preliminary Economic Assessment, and conducting drill testing at the satellite West Santa Fe project. For additional technical details, the Preliminary Economic Assessment and NI 43-101 Technical Report for the Santa Fe Project is available through the company's regulatory filings and website at https://www.lahontangoldcorp.com.

The development holds implications for the broader mining sector as successful exploration at West Santa Fe could potentially expand the known mineralized system and contribute to the economic viability of the overall Santa Fe complex. Nevada's Walker Lane region has historically been a prolific mineral-producing area, and continued exploration success by companies like Lahontan helps maintain the region's status as a significant contributor to domestic mineral production. The company's progress also demonstrates the ongoing potential for new discoveries and resource expansion in established mining districts through systematic exploration and modern technical approaches.