Lahontan GOLD Announces Closing of Non-Brokered 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 GOLD ANNOUNCES CLOSING OF NON-BROKERED PRIVATE
PLACEMENT OF UNITS
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES
TORONTO, ON, March 8, 2023 – Lahontan Gold Corp. (TSXV:LG, OTCQB:LGCXF) (the
"Company" or "Lahontan") is pleased to announce that it has closed a non-brokered private placement
through the issuance of 455,000 units (the "Units") at a price of $0.11 (the "Issue Price") per Unit for gross
proceeds of $50,050 (the "Offering").
Each Unit is comprised of one common share in the capital of the Company (each, a "Unit Share") and
one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant is
exercisable to acquire one common share (a "Warrant Share") until February 28, 2026 at a price of $0.18
per Warrant Share.
The securities issued in connection with the Offering are subject to a four-month hold period from the date
of closing of the Offering in addition to any other restrictions under applicable law. The net proceeds from
the Offering will be used for: (i) exploration expenditures on the Company’s Santa Fe, Nevada pr operty;
and (ii) working capital and general corporate purposes . The Offering is subject to certain conditions
including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX
Venture Exchange.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and
may not be offered or sold in the United States absent registration or an applicable exemption from the
registration requirements. This press release shall not constitute an offer to sell or the solicitation of an
offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or
sale would be unlawful.
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 1 9 km2 Santa Fe Mine, is a past producing gold and silver mine that
utilized heap-leach processing (past production of 345,000 ounces of gold and 71 1,000 ounces of silver
between 1988 and 1995; Nevada Bureau of Mines and Geology, 199 5). The Santa Fe Mine has an
Indicated Mineral Resource of 1,11 2,000 oz A u Eq (grading 1.14 g/t Au Eq) and an Inferred Mineral
Resource of 544,000 oz Au Eq (grading 1.00 g/t Au Eq), all pit constrained (please see Lahontan press
release dated January 17, 2023) . The Company plans to continue to aggressively explore the entire
property during 2023 an d begin the process of evaluating development scenarios to bring the Santa Fe
Mine back into production. Quentin J. Browne, P.Geo., Consulting Geologist to Lahontan Gold Corp., is
the Qualified Person for the Company and approved the technical content of t his news release. For more
information, please visit our website: www.lahontangoldcorp.com
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
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 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 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 T SXV. 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 Ca nadian securities regulators, which filings are available at
www.sedar.com