Lahontan Receives Blm Approval FOR WEST Santa Fe Drill Program, Grants Options
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
NEWS RELEASE
LAHONTAN RECEIVES BLM APPROVAL FOR WEST SANTA FE DRILL PROGRAM,
GRANTS OPTIONS
TORONTO, ONTARIO, November 26, 2025 – Lahontan Gold Corp. (TSXV: LG; OTCQB: LGCXF;
FSE: Y2F) (the " Company" or " Lahontan") is pleased to announce that the Company has received
approval from the Federal Bureau of Land Management (“BLM”) for its maiden drill program at the West
Santa Fe project, located only 13 km from Lahontan’s flagship Santa Fe Mine project in Nevada’s prolific
Walker Lane. The BLM approved Lahontan’s Notice of Intent (“NOI”) for drill sites on unpatented lode
mining claims located on BLM administered Federal lands at West Santa Fe. The drilling program will
focus on validating historic drilling and testing significant extensions to the known gold and silver
mineralized system at West Santa Fe . The Company currently has a d rill rig active at the Santa Fe Mine
project and will move the drill rig to West Santa Fe when that drill program is complete.
Kimberly Ann, Lahontan Gold Corp CEO, Executive Chair, and Founder commented: “ The Company is
excited to receive approval of the West Santa Fe NOI from the BLM. We appreciate the efficiency of the
BLM in processing the permit. We can now focus on confirming the positive results from historic drilling
at West Santa Fe which outlined a very shallow, oxidized, gold and silver system. Our geologic work at
West Santa Fe shows that the gold and silver mineralization identified by historic drilling extends for several
kilometres to the east along strike as well as down -dip to the north. The company ex pects the drilling
program to commence in December”.
The Company also announces that it has granted an aggregate of 9,000,000 options to purchase common
shares of the Company exercisable at a price of $0.15 per common share for a period of five (5) years to
directors, officers and consultants of the Company. The common shares issuable upon exercise of the
options are subject to a four month hold period from the original date of grant.
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 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;
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
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%.
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 technical 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 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