Lahontan Gold Corp. Advances Nevada Exploration with West Santa Fe Drilling and Santa Fe Mine Program Completion

Lahontan Gold Corp. has commenced its maiden drill program at the West Santa Fe project in Nevada's Walker Lane region, deploying a reverse-circulation drill rig to twin historic holes and validate a legacy database. This database comprises 171 drill holes totaling more than 13,000 metres completed between 1980 and 1995, which could support future mineral resource estimates. The validation of this historical data represents a critical step in advancing the West Santa Fe project, potentially unlocking additional gold and silver resources in a mining-friendly jurisdiction known for its mineral wealth.

Concurrently, the company completed its 2025 Phase Two drilling program at the nearby Santa Fe Mine project, where twenty reverse-circulation drill holes targeted gold and silver resource expansion at depth and in step-out areas. This marks the largest annual drill campaign at Santa Fe since drilling began in 2021, supporting plans to update the mineral resource estimate and advance a preliminary economic assessment in 2026. The Santa Fe Mine project, covering 26.4 km², has a significant history of production with 359,202 ounces of gold and 702,067 ounces of silver extracted between 1988 and 1995 from open pit mines utilizing heap-leach processing.

The Santa Fe Mine currently holds 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. These resources are reported using specific cut-off grades and assumptions detailed in the technical report available through the company's website and SEDAR+. 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 is a Qualified Person as defined in National Instrument 43-101.

The implications of these developments extend beyond the company's immediate operations. Successful validation of the West Santa Fe historical data could significantly expand Lahontan's resource base in Nevada's Walker Lane, a region with established mining infrastructure and favorable geology. For the mining industry, these activities demonstrate continued investment in exploration and resource development despite market fluctuations, potentially contributing to future gold and silver supply. The planned preliminary economic assessment for 2026 represents a critical milestone that could advance the Santa Fe Mine toward production decisions, with potential economic benefits for local communities and stakeholders.

Investors and industry observers can access additional information through the company's communications channels, including technical reports and regulatory filings. The company's progress in both exploration and resource development reflects strategic positioning within Nevada's mining sector, where established infrastructure and geological potential combine to create opportunities for responsible mineral development. The completion of these drilling programs represents tangible progress toward resource definition and potential future production, contributing to the broader mining ecosystem in one of North America's most significant mineral-producing regions.