Lahontan Gold Receives Federal Approval for Nevada Drill Program

Lahontan Gold Corp. has received approval from the Federal Bureau of Land Management for its maiden drill program at the West Santa Fe project in Nevada's Walker Lane region. The approval clears the company to validate historic drilling and test extensions of the shallow, oxidized gold and silver system once its current Santa Fe Mine drilling operations are complete.

The West Santa Fe project represents a significant expansion opportunity for Lahontan Gold, which holds four top-tier gold and silver exploration properties in the mining-friendly Walker Lane of Nevada. The company's flagship property, the 26.4 km² Santa Fe Mine project, has a substantial history of production, yielding 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines using heap-leach processing methods.

According to the company's technical disclosure, the Santa Fe Mine contains 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. The technical content 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.

For additional technical details, investors can review the https://www.lahontangoldcorp.com website, which hosts the complete Preliminary Economic Assessment and NI 43-101 Technical Report for the Santa Fe Project. The company also maintains its newsroom at http://ibn.fm/LGCXF for ongoing updates.

In a separate corporate action, Lahontan granted 9 million options at $0.15 per share, exercisable for five years and subject to a four-month hold period. This move aligns with the company's broader strategy to advance the Santa Fe Mine project toward production while simultaneously exploring its satellite properties.

The approval for West Santa Fe drilling comes at a critical time for the mining sector, as companies seek to expand their resource bases in established mining jurisdictions. Nevada's Walker Lane has long been recognized as a prolific mineral belt, and successful exploration at West Santa Fe could significantly enhance Lahontan's overall resource portfolio. The company plans to continue advancing the Santa Fe Mine project, update the Santa Fe Preliminary Economic Assessment, and conduct drill testing at West Santa Fe throughout 2025.

This development is particularly important given the current global demand for precious metals and the strategic importance of domestic mineral production. Successful exploration at West Santa Fe could not only increase Lahontan's resource base but also contribute to local economic development in Nevada's mining sector while strengthening North American precious metal supply chains.