Lahontan Gold Accelerates Warrant Expiry, Pushes Santa Fe Forward

Lahontan Gold Corp. (TSX.V: LG) (OTCQB: LGCXF) has announced it is accelerating the expiry of outstanding warrants originally issued on September 1, 2023, after meeting the required trading price threshold over 20 consecutive trading days ending April 27, 2026. The company has set an accelerated expiry date of May 18, 2026, at 5:00 p.m. Toronto time, after which any unexercised warrants will expire. Holders must submit exercise documentation and payment prior to the deadline. This move is part of Lahontan Gold's strategic efforts to streamline its capital structure and focus on advancing its flagship Santa Fe Mine project in Nevada.

Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds four top-tier gold and silver exploration properties in the Walker Lane of mining-friendly Nevada. Its flagship property, the 26.4 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 boasts 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 tonnes grading 0.74 g/t Au and 3.25 g/t Ag, together grading 0.76 g/t Au Eq), all pit constrained. 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.

The technical content of this news release has been reviewed and approved by Michael Lindholm, CPG, an Independent Consulting Geologist to Lahontan Gold Corp. and a Qualified Person as defined in National Instrument 43-101. For more information, visit the company's website at www.lahontangoldcorp.com or its newsroom at http://ibn.fm/LGCXF. This announcement is part of a broader effort by the company to enhance shareholder value and advance its mining projects. The news was also disseminated via IBN, a platform that provides comprehensive corporate communications solutions for the mining industry.