Lahontan Acquires Strategic Claims South of the York Pit, Expanding the Santa Fe MINE Project
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
NEWS RELEASE
LAHONTAN ACQUIRES STRATEGIC CLAIMS SOUTH OF THE YORK PIT,
EXPANDING THE SANTA FE MINE PROJECT
Toronto, Ontario, June 24, 2025 – Lahontan Gold Corp. (TSXV: LG; OTCQB: LGCXF; FSE: Y2F)
(the "Company" or "Lahontan") is pleased to announce that the Company signed a binding term sheet (the
“Term Sheet”) on August 18, 2025 to acquire 27 unpatented lode mineral claims (the “York Claims”)
from Emergent Metals Corp. (“Emergent”), adding approximately 2.1 km2 of strategic mineral rights to
the Santa Fe Mine Project. The claims adjoin the Santa Fe Mine Project immediately south and southeast
of the York open pit and gold mineral resource* (please see map below). Resource modeling completed as
part of the recent Preliminary Economic Assessment (“PEA”) of the Santa Fe Mine Project* demonstrated
that gold-silver mineral resources extended in the direction of the York Claims. The acquisition of the York
claims will allow the expansion of the York open pit and potentially, a substantial increase of mineral
resources in the York area.
Detailed map of the eastern portion of the Santa Fe Mine Project, Mineral County, Nevada. Modeled gold and silver mineral
resource blocks are shown in yellow, red and orange; the conceptual pit shells used to constrain the mineral resource estimate*
are shown in red. An approximate outline of the newly acquired York Claims is shown in bold red.
Kimberly Ann, Lahontan Gold Corp CEO, Executive Chair, and Founder commented: “Lahontan is very
excited to acquire the York Claims that are directly adjacent to the York gold mineral resource*. The newly
acquired claims will allow a considerable layback of the York pit during mine planning and in mineral
resource estimation. Modeling of gold and silver mineralization at York in the Santa Fe Mine Project PEA
was constrained by a pit shell that must honor the property boundary*. With the addition of the York Claims,
that pit can be greatly expanded, potentially adding resource ounces plus opening up compelling targets for
further gold and silver mineral resource expansion. Coupled with recently completed exploration drilling,
“New” York Claims
1 km
N
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
the Company continues its path of growing size and scale of the Santa Fe Mine Project and enhancing
shareholder value”.
Emergent and Lahontan contemplate completing a Definitive Agreement (the “Agreement”) within 30
days of signing the Term Sheet. The transaction (the “Transaction”) is subject to all necessary approvals,
including regulatory approval. Terms of the Transaction include:
• On signing the Term Sheet, Lahontan will pay Emergent’s U.S. subsidiary, Golden Arrow Mining
Corporation (“GAMC”), a sum of US$10,000.
• On signing the Agreement, Lahontan will issue GAMC a US$50,000 promissory note, with a 1%
per month interest rate, and payable within six months of signing the Agreement.
• On signing the Agreement, Lahontan will issue 2,000,000 common shares of Lahontan Gold Corp.
to GAMC or its designee.
• On signing of the Agreement, payment of the cash, issuance of the shares, and issuance of the
promissory note outlined above, GAMC will facilitate the transfer of the York Claims to Lahontan
or its designee, to be completed within 30 days.
• As part of the transfer, Lahontan will grant GAMC a 1% NSR royalty (the “Royalty”) on the York
Claims. At any time before the third anniversary of the Agreement, Lahontan may purchase the
Royalty for US$500,000. After the third and before the seventh anniversary of the Agreement,
Lahontan may purchase the Royalty for US$1,000,000. The terms and conditions of the Royalty
will be defined in the Agreement.
Regarding scientific data on the York Claims by provided previous claimants, the QP has been unable to
verify the information and that the information is not necessarily indicative to the mineralization on the
York Claims property that is subject to the disclosure.
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 26.4 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. The
technical content of this news release and 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 -- Standards of Disclosure for Mineral
Projects. Mr. Lindholm was not an author for the Technical Report* and does not take responsibility for
the resource calculation but can confirm that the grade and ounces in this press release are the same as
those given in the Technical Report. 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 for 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
On behalf of the Board of Directors
Kimberly Ann
Founder, CEO, President, and Executive Chair
FOR FURTHER INFORMATION, PLEASE CONTACT:
Lahontan Gold Corp.
Kimberly Ann
Founder, Chief Executive Officer, President, and Executive Chair
Phone: 1-530-414-4400
Email:
Website: www.lahontangoldcorp.com
Cautionary Note Regarding Forward-Looking Statements:
Neither TSX Venture Exchange(“TSXV”) 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 forward-
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 uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities
regulators, which filings are available at www.sedarplus.com