Emergent Metals Completes Lease Option to Purchase Agreement with Lahontan Gold Corp. for Mindora (West Santa Fe) Property - Seite 2

Second Anniversary of Agreement*

$25,000

Third Anniversary of Agreement*

$25,000

Fourth Anniversary of Agreement*

$30,000

Fifth Anniversary of Agreement*

$30,000

Sixth Anniversary of Agreement*

$40,000

Seventh Anniversary of Agreement*

$1,620,000

Total

$1,800,000

*50% of these payments may be made in common shares of Lahontan Gold Corp. at Lahontan's discretion. Lahontan may accelerate these payments by paying the remaining balance of the purchase price at any time during the option period.

Work commitments will be as follows:

Timing	Amount ($US)
December 31, 2024	$150,000
December 31, 2025	$150,000
December 31, 2026	$200,000
December 31, 2027	$200,000
December 31, 2028	$200,000
December 31, 2029	$250,000
Seventh Anniversary of Agreement*	$250,000