World’s Most Undervalued Gold Stock Intercepts Oxide Gold in Nevada

Lahontan Drills More Shallow Oxide Gold at Slab: 69m Grading 0.45 g/t Au Eq Including 17m Grading 0.81 g/t Au Eq
Tuesday, 27 January 2026 07:30 AM

TORONTO, ON / ACCESS Newswire / January 27, 2026 / Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF)(FSE:Y2F) (the “Company” or “Lahontan”) is pleased to announce new assay results from our 2025 Phase Two drilling program at the Company’s flagship Santa Fe Mine Project located in Nevada’s prolific Walker Lane.

Lahontan has received analytical results for two additional reverse-circulation rotary (“RC”) drill holes in the south Slab pit area totaling 396 metres (please see table below). Significant results include:

CAL25-011R: 68.6 metres (45.7 – 114.3m) grading 0.45 g/t Au Eq including 16.8 metres (65.5 – 82.3m) grading 0.81 g/t Au Eq: A shallow, thick, intercept of oxide gold mineralization below the current mineral resource pit shell*, expanding the footprint of oxide gold mineralization, especially when coupled with the results from CAL25-012R (please see plan map of drilling and cross section below).

When the entire drill hole is composited without regard to cutoff grade, it averages 0.23 g/t Au Eq over 213.4 metres (0.21 g/t Au, 1.4 g/t Ag).

CAL25-012R: 41.2 metres (32.0 – 73.2m) grading 0.32 g/t Au Eq correlating with the structurally controlled gold mineralization seen in hole CAL25-011R (above) and extending shallow oxide gold mineralization to the southwest and below of the Mineral Resource Estimate (“MRE”) pit shell*.

Notes: Au Eq equals Au (g/t) + ((Ag g/t/60)*0.70). Silver grade for calculating Au Eq is adjusted to consider historic metallurgical recovery as described in the Santa Fe Project Technical Report*. True thickness of the intercepts is estimated to be 80-100% of the drilled interval. Numbers may not total precisely due to rounding.

Kimberly Ann, Lahontan Executive Chair, President, CEO, and Founder commented: “The assay results from the final two 2025 RC drill holes at Slab continue to extend gold mineralization to the south, west, and at depth from the current MRE pit shell*, enhancing the potential mining economics of the Slab gold and silver resource…”

CAL25-011R and -012R are particularly important as they establish large volumes of gold and silver mineralization below and adjacent to the conceptual pit shell used in the current MRE.

Of equal importance, these new pit shells will be used in our Nevada State and Federal mine permit applications, to be submitted later this year.

These two RC drill holes also confirm the strong structural control of gold mineralization in this portion of the Slab deposit and emphasize the importance of the east-west striking Calvada fault as a major control of gold mineralization on a district scale.

In the plan view map of the south Slab pit area below, the key intercepts in drill holes CAL25-011R and -012R can be seen to extend into areas west of the current MRE conceptual pit shell.

QA/QC Protocols

Lahontan conducts an industry standard QA/QC program for its core and RC drilling programs…

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…

On behalf of the Board of Directors
Kimberly Ann
Founder, CEO, President, and Director

FOR FURTHER INFORMATION, PLEASE CONTACT:
Lahontan Gold Corp.
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’s President has purchased 200,000 shares of LG in the open market and intends to buy more shares. NIA has received compensation from LG of US$50,000 cash for a six-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.