Lahontan Mobilizes Drill Rig to the Santa Fe Mine

TORONTO, ON / ACCESS Newswire / November 10, 2025 / Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF)(FSE:Y2F) (the "Company" or "Lahontan") is pleased to announce that it has mobilized a track-mounted reverse-circulation ("RVC") drill rig and crew to its Flagship Santa Fe Mine project in Nevada's gold and silver-rich Walker Lane. The MPD-1500 RVC track-mounted drill rig will focus on in-fill drilling, upgrading gold and silver resources from the Inferred to Indicated category, and expanding overall resource numbers at the Slab and York areas of the Santa Fe Mine. The drilling program will consist of up to 25 drill holes totalling 4,000 metres, targeting shallow oxide gold and silver mineralization.

Kimberly Ann, Lahontan Gold Corp. Executive Chair, Founder, CEO, and President commented: "Lahontan is excited to begin its Fall 2025 drilling program at the Santa Fe Mine. Utilizing the results from our Phase One 2025 drill program, the geologic team has carefully targeted multiple areas at the Slab and York deposits where gold and silver resources can be upgraded and expanded. The drill program is vital as the Company pivots from resource definition to mine planning and permitting in 2026. Combined with ongoing metallurgical testing, this drilling program sets the stage for detailed mine scheduling, planning, and the mine permitting process. Brian Maher, our Vice President - Exploration and co-founder of Lahontan, is personally overseeing the drill program: at Lahontan Gold Corp it's all hands on deck!"

About Lahontan Gold Corp.

Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds, through its US subsidiaries, four gold and silver exploration properties in the Walker Lane of mining friendly Nevada. Lahontan's flagship property, the 28.3 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 has 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 grading 0.74 g/t Au and 3.25 g/t Ag, together grading 0.76 g/t Au Eq), all pit constrained (Au Eq is inclusive of recovery, please see Santa Fe Project Technical Report and note below*). 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. For more information, please visit our website: www.lahontangoldcorp.com