Lahontan Gold Secures C$4.3 Million Through Warrant and Option Exercises, Bolstering Nevada Exploration

Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) has received C$4,316,948 from the exercise of warrants and stock options between July 4 and October 23, 2025, resulting in 334,420,221 common shares outstanding. The substantial capital infusion represents a significant vote of confidence from shareholders and positions the company for accelerated exploration activities in Nevada's prolific Walker Lane gold belt.

The proceeds will fund exploration and mine development at the company's Nevada projects, including the Santa Fe and West Santa Fe sites. CEO Kimberly Ann stated that the exercises demonstrate strong shareholder confidence and leave Lahontan fully financed for its fall drilling programs while tightening the company's share structure for future growth. This financial strengthening comes at a critical time for the company's development timeline.

Lahontan's flagship property, the 26.4 km² Santa Fe Mine project, has a substantial resource base with past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995. The project 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. 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 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. Additional technical details are available in the full press release and the company maintains additional investor resources at their newsroom.

This capital raise is particularly significant given current market conditions and demonstrates investor appetite for well-positioned gold exploration companies. The Walker Lane belt has historically been a productive mining region, and Lahontan's substantial resource base positions it as a potential significant contributor to North American gold production. The timing of this financing ensures the company can maintain momentum in its development programs without facing capital constraints that often hinder junior mining companies.

The successful warrant and option exercises reflect broader market confidence in gold exploration companies with established resources and clear development pathways. For the mining industry, this transaction signals continued investor interest in precious metals exploration despite broader economic uncertainties. The funding ensures Lahontan can continue its technical work and resource definition, potentially leading to increased mineral reserves and future production decisions.