Lahontan Drills Thick, Shallow GOLD: 114m Grading 0.33 G/T Au Eq at York; 23m Grading 0.42 G/T Au Eq at Slab
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
NEWS RELEASE TSX.V LG, OTCQB LGCXF
LAHONTAN DRILLS THICK, SHALLOW GOLD: 114m GRADING 0.33 g/t Au Eq at
YORK; 23m GRADING 0.42 g/t Au Eq at SLAB
TORONTO ONTARIO, January 13, 2026 – Lahontan Gold Corp. (TSXV:LG, OTCQB:LGCXF)
(the "Company" or "Lahontan") is pleased to announce the first results from our 2025 Phase Two drilling
program at the Company’s flagship Santa Fe Mine Project located in Nevada’s prolific Walker Lane.
Lahontan has received analytical results for six reverse-circulation rotary (“RC”) drill holes totaling 994
metres (please see table below). Significant results include:
• York: 114.3 metres (76.2 – 190.5m) grading 0.33 g/t Au Eq in YOR25-004R including 18.3 metres
(172.2 – 190.5m) grading 0.90 g/t Au Eq: A shallow, thick, intercept of gold mineralization that
expands the footprint of the York gold zone to the north of the current mineral resource pit shell*,
leaving gold mineralization open and unconstrained to the north by modern drilling (please see plan
map of drilling and cross section below).
• Slab: 22.9 metres (19.8 – 42.7m) grading 0.42 g/t Au Eq in CAL25-009R: Very shallow oxide
gold that may pull the Slab pit shell deeper in an updated Mineral Resource Estimate (“MRE”)
expected later this year (please plan map for drill hole locations below).
• Slab: 29.0 metres (97.5 – 126.5m) grading 0.26 g/t Au Eq in CAL25 -010R: Oxide gold
mineralization below the current mineral resource pit shell, an additional opportunity to potentially
deepen the Slab conceptual pit shell and capture additional gold resources in the MRE update.
Kimberly Ann, Lahontan Executive Chair, President, CEO, and Founder commented: “ The Lahontan
team is excited to receive the first analytical results from our Phase Two 2025 drill program at Santa
Fe. The drill results at York reinforce our interpretation that the York deposit continues to the north of
the previously defined MRE* and provides an excellent opportunity to further expand gold Mineral
Resources at York. At Slab, the two drill holes targeting deeper extensions to known shallow oxide
gold and silver mineralization were very successful; these drill results will be incorporated into an
updated MRE for the entire Santa Fe Mine project, expected in the coming months. We will be
receiving additional analytical results for seven drill holes at Santa Fe and six drill holes at our West
Santa Fe project over the coming weeks, so please stay tuned for further press releases!”
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
Notes: Au Eq equals Au (g/t) + ((Ag g/t/60)*0.70). Silver grade for calculating Au Eq is adjusted to consider historic metallurgical
recovery as described in the Santa Fe Project Technical Report*. True thickness of the intercepts is estimated to be 80-100% of the
drilled interval. Numbers may not total precisely due to rounding.
Cross section through RC drill hole YOR25 -004R, York gold deposit, Santa Fe Mine project, NV. The current conceptual MRE
pit shell is shown in black, an example of a potential new pit outline is shown in red. Additional in-fill drilling will help define the
final pit design.
Gold mineralization at York occurs as a bedding plane-controlled zone within the Triassic Luning
Formation Limestone (please see cross section above). The deep, high -grade intercept occurs along the
York Fault, and correlates with high -grade gold cut by YOR25 -002R (18.3 metres grading 0.73 g/t Au
including 12.2m grading 1.00 g/t Au; please Lahontan Press Release dated September 2, 2025). This high-
grade zone extends to the north of the current York MRE* and correlates with gold mineralization seen on
the surface in jasperoid outcrops.
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
Drill hole location map, York gold deposit, Santa Fe Mine project, NV. All 2025 RC drill holes are shown, the results for YOR25-
001R and -002R were reported in a Press Release dated September 2, 2025. The conceptual pit shell for the current MRE* is shown
as a dashed red line, note that YOR25-004R is approximately 100 metres northeast of the MRE pit shell.
Drill hole location map, Slab gold deposit, Santa Fe Mine project, NV. All Phase Two 2025 RC drill holes are shown, results for
CAL25-011R and -012R are pending.
Drill holes CAL25 -008R and -010R were designed to test for deeper, stacked zones of oxide gold
mineralization at the south end of the Slab pit. Both drill holes successfully cut oxide gold zones with gold
grades similar to that reported in this portion of the Slab pit MRE*. The other drill holes reported herein
(CAL25-006R, -007R, and -009R) were needed to define the suspected limits to shallow gold
mineralization along the margin and bottom of the Slab deposit and better constrain potential pit boundaries
for future mine planning.
QA/QC Protocols
Lahontan conducts an industry standard QA/QC program for its core and RC drilling programs. The QA/QC
program consisted of the insertion of coarse blanks and Certified Reference Materials (CRM) into the
sample stream at random intervals. The targeted rate of insertion was one QA /QC sample for every 16 to
20 samples. Coarse blanks were inserted at a rate of one coarse blank for every 65 samples or approximately
1.5% of the total samples. CRM’s were inserted at a rate of one CRM for every 20 samples or approximately
5% of the total samples.
The standards utilized include three gold CRM’s and one blank CRM that were purchased from MEG, LLC
of Lamoille, Nevada (formerly Shea Clark Smith Laboratories of Reno, Nevada). Expected gold values are
0.188 g/t, 1.107 g/t, 10.188 g/t, and -0.005 g/t, respectively. CRM’s with similar grades are inserted as the
initial CRM’s run out. The coarse blank material comprised of commercially available landscape gravel
with an expected gold value of -0.005 g/t.
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
As part of the RC drilling QA/QC process, duplicate samples were collected of every 20th sample interval
at the drill rig to evaluate sampling methodology. Samples were collected from the reject splitter on the
drill rig cyclone splitter. Samples were collected at each 95- to 100-foot (28.96 - 30.48m) mark and labeled
with a “D” suffix on the sample bag. No duplicates were submitted for core.
All drill samples were sent to American Assay Laboratories (AAL) in Sparks, Nevada, USA for analyses.
Delivery to the lab was either by a Lahontan Gold employee or by an AAL driver. Analyses for all RC and
core samples consisted of Au analysis using 30 -gram fire assay with ICP finish, along with a 36 -element
geochemistry analysis performed on each sample utilizing two acid digestion ICP-AES method. Tellurium
or 50 -element analyses were performed on select drill holes utilizing ICP -MS method. Cyanide leach
analyses, using a tumble time of 2 hours and analyzed with ICP -AES method, were performed on select
drill holes for Au and Ag recovery. AAL inserts their own blanks, standards and conducts duplicate analyses
to ensure proper sample preparation and equipment calibration. We have all results reported in grams per
tonne (g/t).
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;
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 Director
FOR FURTHER INFORMATION, PLEASE CONTACT:
Lahontan Gold Corp.
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
Kimberly Ann
Founder, Chief Executive Officer, President, Director
Phone: 1-530-414-4400
Email:
Website: www.lahontangoldcorp.com
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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",
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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 id entifying 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