Lahontan Mobilizes Drill Rig to the Santa Fe Mine

TORONTO, ON / ACCESS Newswire / November 10, 2025 / Lahontan Gold Corp. (TSXV:LG) (OTCQB:LGCXF) (FSE:Y2F) (the “Company” or “Lahontan”) is pleased to announce that it has mobilized a track-mounted reverse-circulation (“RVC”) drill rig and crew to its Flagship Santa Fe Mine project in Nevada’s gold and silver-rich Walker Lane. The MPD-1500 RVC track-mounted drill rig will focus on in-fill drilling, upgrading gold and silver resources from the Inferred to Indicated category, and expanding overall resource numbers at the Slab and York areas of the Santa Fe Mine. The drilling program will consist of up to 25 drill holes totalling 4,000 metres, targeting shallow oxide gold and silver mineralization.

“Lahontan is excited to begin its Fall 2025 drilling program at the Santa Fe Mine. Utilizing the results from our Phase One 2025 drill program, the geologic team has carefully targeted multiple areas at the Slab and York deposits where gold and silver resources can be upgraded and expanded. The drill program is vital as the Company pivots from resource definition to mine planning and permitting in 2026. Combined with ongoing metallurgical testing, this drilling program sets the stage for detailed mine scheduling, planning, and the mine permitting process. Brian Maher, our Vice President – Exploration and co-founder of Lahontan, is personally overseeing the drill program: at Lahontan Gold Corp it’s all hands on deck!”

— Kimberly Ann, Executive Chair, Founder, CEO & President

About Lahontan Gold Corp.

Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds, through its US subsidiaries, four gold and silver exploration properties in the Walker Lane of mining friendly Nevada. Lahontan’s flagship property, the 28.3 km² Santa Fe Mine project, had past production of 359,202 ounces of gold and 702,067 ounces 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. For more information, please visit our website: www.lahontangoldcorp.com.

Qualified Person

Brian J. Maher, M.Sc., CPG-12342, is a “Qualified Person” as defined under Canadian National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has reviewed and approved the content of this news release in respect of all technical disclosure other than the Mineral Resource Estimate as noted above. Mr. Maher is Vice President-Exploration for Lahontan Gold and has verified the data disclosed in this news release, including the sampling, analytical and test data underlying the disclosure.

On behalf of the Board of Directors

Kimberly Ann
Founder, CEO, President, and Director

For Further Information

Lahontan Gold Corp.
Kimberly Ann
Founder, Chief Executive Officer, President, Director

Phone: 1-530-414-4400

Email: Kimberly.ann@lahontangoldcorp.com

Website: www.lahontangoldcorp.com

Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA has received compensation from LG of US$50,000 cash for a six-month marketing contract. NIA’s President has purchased 200,000 shares of LG in the open market and intends to buy more shares. This message is meant for informational and educational purposes only and does not provide investment advice.