Lahontan Gold Secures C$4.3 Million Through Warrant and Option Exercises to Fund 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. This substantial capital infusion represents a significant vote of confidence from shareholders and positions the company for accelerated development of its Nevada gold properties.

The proceeds will be directed toward exploration and mine development activities at the company's Nevada projects, particularly the Santa Fe and West Santa Fe sites located within the prolific Walker Lane gold belt. CEO Kimberly Ann emphasized that these 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 opportunities.

For investors seeking additional information, the full press release is available at https://ibn.fm/mSt0q. The company's technical 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.

Lahontan's flagship Santa Fe Mine project holds substantial mineral resources, with 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 property has historical 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 company plans to continue advancing the Santa Fe Mine project toward production while updating the Santa Fe Preliminary Economic Assessment and conducting drill testing at its satellite West Santa Fe project during 2025.

This funding development is particularly significant given the current global gold market conditions and increasing demand for precious metals. The successful capital raise through warrant and option exercises rather than traditional equity financing indicates strong existing shareholder support and reduces dilution concerns for current investors. The timing coincides with the company's planned aggressive exploration schedule, ensuring that drilling programs can proceed without interruption or funding constraints.

The mining industry closely watches developments in Nevada's Walker Lane belt, one of North America's most productive gold regions. Lahontan's ability to secure substantial funding through internal mechanisms rather than external capital markets suggests confidence in both the company's management and the geological potential of its properties. This development could signal increased activity in the junior mining sector, particularly for companies with advanced-stage projects in established mining jurisdictions.

For ongoing updates, investors can monitor the company's newsroom at http://ibn.fm/LGCXF. The capital injection comes at a critical juncture for the company as it advances its projects toward production decisions, potentially creating significant value for shareholders if exploration success continues.