Lahontan Announces Private Placement of Units
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
NEWS RELEASE
LAHONTAN ANNOUNCES PRIVATE PLACEMENT OF UNITS
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES.
Toronto Ontario, October 29, 2025 – Lahontan Gold Corp. (TSXV: LG, OTCQB: LGCXF, FSE:
Y2F) (the "Company" or "Lahontan") is pleased to announce a non-brokered private placement financing
for gross proceeds of up to $2,000,000 through the issuance of up to 13,333,333 units (the " Units") at a
price of $0.15 per Unit (the "Offering").
Each Unit is comprised of one common share of the Company (each, a "Common Share") and one-half of
one whole Common Share purchase warrant (each whole warrant, a " Warrant") of the Company. Each
Warrant entitling the holder thereof to purchase one Common Share at a price of $0.25 per Common Share
for a period of two (2) years from the date of issuance, provided, however, that should the closing price at
which the Common Shares trade on the TSX Venture Exchange (or any such other stock exchange in
Canada as the Common Shares may trade at the applicable time) is equal to or exceeds CDN$0.35 for ten
(10) consecutive trading days at any time following the date that is four months and one day after the date
of issuance, the Company may accelerate the Warrant Term (the "Reduced Warrant Term") such that the
Warrants shall expire on the date which is 30 business days following the date a press release is issued by
the Company announcing the Reduced Warrant Term
Gross proceeds raised from the Offering will be used for general working capital purposes and for
exploration at the Company's Santa Fe Mine and West Santa Fe Projects.
Closing of the Offering is subject to receipt of all necessary corporate and regulatory approvals, including
the approval of TSX Venture Exchange. All securities issued in connection with the Offering will be subject
to a hold period of four months plus a day from the date of issuance and the resale rules of applicable
securities legislation.
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in the
United States. The securities have not been and will not be registered under the United States Securities
Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or
sold within the United States or to U.S. Persons as defined under applicable United States securities laws
unless registered under the U.S. Securities Act and applicable state securiti es laws or an exemption from
such registration is available.
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
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
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 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 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 ch ange 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 th e
Company’s filings with Canadian securities regulators, which filings are available at www.sedar.com