Lahontan GOLD Announces Amendment to Moho Option Agreement
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
LAHONTAN GOLD ANNOUNCES AMENDMENT TO MOHO OPTION AGREEMENT
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Toronto, Ontario – November 1, 2022 – Lahontan Gold Corp. (formerly, 1246765 B.C. Ltd.) (TSX.V:
LG, OTCQB: LGCXF ) (the "Company") is pleased to announce that on October 3, 2022, it entered into a
second amendment to the lease option to purchase agreement (the "Second Amending Agreement") with
Minquest Ltd. ("Minquest") and Lahontan Gold (US) Corp. ("Subco") amending the terms of the mining
lease option to purchase agreement dated August 30, 2017 as amended August 25, 2020 between Minquest
and Pyramid Gold (US) Corp. ("Pyramid Gold"), as assigned from Pyramid Gold to the Company on July
30, 2020 pursuant to the assignment and assumption agreement between Pyramid Gold and the Company
(collectively, the "Agreement"). Pursuant to the Agreement, the Company has the option (the "Option")
to purchase fifty (50) unpatented lode mining claims in Mineral County, Nevada (the "Moho Property").
The Second Amending Agreement amends the term of the Agreement to March 31, 2023.
In consideration for entering into the Second Amending Agreement, the Company or Subco, has: (i) made
a payment to Minquest in the amount of US$129,875 in cash or immediately available funds; and (ii) issued
Minquest 800,000 common shares (the "Common Shares") in the capital of the Issuer at a deemed value
of US$0.08 per share. All securities issued in connection with the Second Amended Agreement 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. The completion of the transaction remains subject to all regulatory and other
approvals, including the approval of the TSX Venture Exchange. No finder's fees or commissions are
payable in connection with the Second Amending Agreement.
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 s tate securities laws or an exemption from
such registration is available.
About Lahontan Gold Corp:
Lahontan Gold Corp. is a Canadian mineral exploration company that holds, through its US subsidiaries,
three top -tier gold and silver exploration properties in the Walker Lane of mining friendly Nevada.
Lahontan’s flagship property, the 18 km2 Santa Fe Project, is a past producing gold and silver mine with
excellent potential to host significant gold and silver resources (past production of 345,000 ounces of gold
and 710,000 ounces of silver between 1988 and 1992 ; Nevada Bureau of Mines and Geology, 1996).
Modeling of over 110,000 metres of historic drilling, geologic mapping, and geochemical sampling outline
both shallow, oxidized gold and silver mineralization as well as deeper high grade potential resources. The
Company plans an aggressive 25,000 metre drilling program with the goal of publishing a National
Instrument 43 -101 ( "NI 43 -101") compliant mineral resource estima te in 202 2. For more information,
please visit our website: www.lahontangoldcorp.com
For further information, please contact:
Lahontan Gold Corp.
Kimberly Ann, Chairwoman, CEO, President & Director
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
Phone: (530) 414-4400
Email: [email protected]
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 historic 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 ar e 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. There are no assurances
that the commercialization plans for the technology described in this news release will come into effect on
the terms or time frame described herein. 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 rea der 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 fi lings are available at
www.sedar.com