Lahontan Closes Third Tranche of Private Placement FOR an Aggregate of $13.2M
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
NEWS RELEASE
LAHONTAN CLOSES THIRD TRANCHE OF PRIVATE PLACEMENT FOR AN
AGGREGATE OF $13.2M
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES.
Toronto Ontario, April 2, 2026 – Lahontan Gold Corp. (TSXV:LG, OTCQB:LGCXF, FSE:Y2F) (the
"Company" or "Lahontan") is pleased to announce that , further to its press releases of March 12, 2026,
March 17, 2026, March 20, 2026 and March 24, 2026, it has closed the third tranche of its non-brokered
private placement through the issuance of 3,710,000 units (each, a "Unit") in the capital of the Company at
a price of CAD$0.41 per Unit for gross proceeds of CAD$1,521,100 (the "Offering"). In connection with
the first, second and third tranches of the Offering, the Company has issued a total of 32,190,244 Units for
aggregate gross proceeds of CAD$13,198,000.
Each Unit was comprised of one common share (each, a "Common Share") in the capital of the Company
and one-half of one whole Common Share purchase warrant (each whole warrant, a " Warrant"). Each
Warrant entitles the holder thereof to purchase one Common Share at a price of CAD$0.60 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 CAD$1.00 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 exploration at the Company's Santa Fe Mine and
West Santa Fe Projects and for general working capital purposes. In connection with the first, second and
third tranches of the Offering, the Company paid certain eligible finders cash commissions in the aggregate
of $778,858 and issued an aggregate of 1,897,214 broker warrants (each, a " Broker Warrant"). Each
Broker Warrant entitles the holder thereof to acquire one Common Share at a price of CAD$0.41 per
Common Share for a period of two (2) years from the date of issuance.
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. Subject to compliance
with applicable regulatory requirements, all securities to be issued pursuant to the Offering in jurisdictions
outside of Canada and the United States pursuant to Ontario Securities Commission Rule 72-503 -
Distributions Outside Canada will not be subject to any statutory hold period under a pplicable Canadian
securities laws.
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
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
unless registered under the U.S. Securities Act and applicable state securities 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 gold and silver exploration properties in the Walker Lane of mining
friendly Nevada. Lahontan’s flagship property, the 28.3 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
tonnes 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 continue drill testing its satellite West Santa Fe project during
2026. 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%.
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, Executive Chair
FOR FURTHER INFORMATION, PLEASE CONTACT:
Lahontan Gold Corp.
Kimberly Ann
Founder, CEO, President, Executive Chair
Phone: 1-530-414-4400
Email:
Website: www.lahontangoldcorp.com
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 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 cont ained in the
Company’s filings with Canadian securities regulators, which filings are available at www.sedar.com