Lahontan Recieves $4,316,948 from the Exercise of Warrants and Options
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
NEWS RELEASE TSX.V LG, OTCQB LGCXF
LAHONTAN RECIEVES $4,316,948 FROM THE EXERCISE OF WARRANTS AND
OPTIONS
TORONTO ONTARIO, October 27, 2025 – Lahontan Gold Corp. (TSXV:LG, OTCQB:LGCXF)
(the "Company" or "Lahontan") is pleased to announce the receipt of Cdn $4,316,948 from the exercise
of warrants and stock options during the period July 4 through October 23, 2025. Following the exercise
of the warrants , stock options, and the issuance of shares associated with the purchase of the York
unpatented mining claims at the Santa Fe Mine Project (please see press release dated October 23, 2025),
the Company had 334,420,221 common shares issued and outstanding. The funds will be used for
exploration and mine development work at the Company’s projects in Nevada’s Walker Lane gold belt and
for general corporate purposes.
Kimberly Ann, Chair, CEO, President, and Founder of Lahontan Gold Corp. commented: “The exercise of
such a significant number of warrants and options over the last four months is evidence of incredible
shareholder support for the Company’s vision and business plan to continue advancing the Santa Fe Mine
Project towards production. The receipt of these funds leaves the Company fully financed for the planned
Fall drilling programs at both Santa Fe and West Santa Fe, which we expect to commence shortly. The
exercise of these warrants and options also tightens the Company’s share structure, positioning Lahontan
for future growth and value creation”.
About Lahontan Gold Corp.
Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds,
through its US subsidiaries, four top -tier gold and silver exploration properties in the Walker Lane of
mining friendly Nevada. Lahontan’s flagship property, the 28.3 km 2 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
* Please see the “Preliminary Economic Assessment, NI 43 -101 Technical Report, Santa Fe Project”, Authors: Kenji Umeno, P.
Eng., Thomas Dyer, PE, Kyle Murphy, PE, Trevor Rabb, P. Geo, Darcy Baker, PhD, P. Geo., and John M. Young, SME -RM;
Effective Date: December 10, 2024, Report Date: January 24, 2025. The Technical Report is available on the Company’s website
and SEDAR+. Mineral resources are reported using a cut -off grade of 0.15 g/t AuEq for oxide resources and 0.60 g/t AuEq for
non-oxide resources. AuEq f or the purpose of cut -off grade and reporting the Mineral Resources is based on the following
assumptions gold price of US$1,950/oz gold, silver price of US$23.50/oz silver, and oxide gold recoveries ranging from 28% to
79%, oxide silver recoveries ranging from 8% to 30%, and non-oxide gold and silver recoveries of 71%.
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
Qualified Person
Brian J. Maher, M.Sc., CPG-12342, is a “Qualified Person” as defined under Canadian National Instrument
43-101, Standards of Disclosure for Mineral Projects, and has reviewed and approved the content of this
news release in respect of all disclosure other than the Mineral Resource Estimate as noted above . Mr.
Maher is Vice President -Exploration for Lahontan Gold and has verified the data disclosed in this news
release, including the sampling, analytical and test data underlying the disclosure.
On behalf of the Board of Directors
Kimberly Ann
Founder, CEO, President, and Director
FOR FURTHER INFORMATION, PLEASE CONTACT:
Lahontan Gold Corp.
Kimberly Ann
Founder, Chief Executive Officer, President, Director
Phone: 1-530-414-4400
Email:
Website: www.lahontangoldcorp.com
Cautionary Note Regarding Forward-Looking Statements:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release. Except for statements of historical fact, this news
release contains certain "forward-looking information " within the meaning of applicable securities law. Forward -looking
information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate",
"estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking
statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-
looking statements including but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV.
There are uncertainties inherent in forward -looking information, including factors beyond the Company’s control. The
Company undertakes no obligation to update f orward-looking information if circumstances or management's estimates or
opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward -looking
statements. Additional information identifying risks and uncer tainties that could affect financial results is contained in the
Company’s filings with Canadian securities regulators, which filings are available at www.sedar.com