Lahontan Announces Upsize to Private Placement of Units
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
NEWS RELEASE TSX.V LG, OTCQB LGCXF
LAHONTAN ANNOUNCES UPSIZE TO PRIVATE PLACEMENT OF UNITS
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES.
Toronto Ontario, April 22, 2025 – Lahontan Gold Corp. (TSXV:LG, OTCQB:LGCXF) (the
"Company" or "Lahontan") is pleased to announce that, further to its press release of April 8, 2025, the
Company has increased the size of its non-brokered private placement financing to up to 44,000,000 units
(each, a " Unit") at a price of $0.0 5 per Unit for aggregate gross proceeds of up to $2,200,000 (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 $0.08 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 Sha res trade on the TSX Venture Exchange (or any such other stock exchange in
Canada as the Common Shares may trade at the applicable time) exceed CDN$0.12 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 Project.
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 26.4 km 2 Santa Fe Mine project, had past
production of 359,202 ounces of gold and 702,067ounces 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
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
compliant Indicated Mineral Resource of 1,539 ,000 oz Au Eq (grading 0.99 g/t Au Eq) and an Inferred
Mineral Resource of 411,000 oz Au Eq (grading 0.76 g/t Au Eq), all pit constrained (Au Eq is inclusive
of recovery, please see Santa Fe Project Technical Report*). 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+.
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 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.sedar.com