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LG.V ·

Lahontan GOLD Corp Commences Trading ON TSX Venture Exchange, Announces Board Appointments

Management Changes Listings & Exchange

217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com

NEWS RELEASE TSX.V LG

LAHONTAN GOLD CORP COMMENCES TRADING

ON TSX VENTURE EXCHANGE, ANNOUNCES BOARD APPOINTMENTS

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Toronto, Ontario – April 13, 2022 – Lahontan Gold Corp. (formerly, 1246765 B.C. Ltd.) (the

“Company” or “Lahontan”) is pleased to announce that the Company’s common shares (the “Common

Shares”) will commence trading today, April 13, 2022, on the TSX Venture Exchange (the “TSXV”) under

the symbol “LG”.

Lahontan is also excited to announce the following appointments to its Board of Directors:

• Chris Donaldson, Independent Director

• Josh Serfass, Independent Director

• Bob McKnight, Independent Director

Kimberly Ann and John McConnell remain on the Board as Non-Independent Directors. The Company is

pleased to announce that John McConnell will be the Chair of the Board of Lahontan. Paul Gray and Mike

McInnis will continue to help guide the Company as Technical Advisors. Brian Maher has stepped down

from the Board in order to have a proper balance of Independent Directors and will continue to serve

Lahontan as its Director of Exploration. Complete biographies of all Directors, Advisors, and senior

management can be found on the Company’s website: www.lahontangoldcorp.com

Kimberly Ann, President & CEO commented: “Today is an exciting day for Lahontan as we begin trading

on the TSXV. We are excited to have John McConnell take on the role of Chair of the Board, his background

in building companies and mines sends a strong message to the investment community. I am proud that the

Lahontan Board, its Advisors and senior management have a diverse range of expertise and backgrounds

that will help grow the Company in both the short term and the future.

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 estimate in 2022. For more information,

please visit our website: www.lahontangoldcorp.com

217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com

All scientific and technical information in this press release has been reviewed and approved by Quentin J.

Browne, P.Geo., Consulting Geologist to Lahontan Gold Corp., who is a qualified person under the

definitions established by National Instrument 43-101.

On behalf of the Board of Directors

Kimberly Ann

Founder, Chief Executive Officer, 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: [email protected]

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 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

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