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Lahontan Launches 2022 Exploration Campaign at Moho

Exploration Programs

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

NEWS RELEASE TSX.V LG

LAHONTAN LAUNCHES 2022 EXPLORATION CAMPAIGN AT MOHO

Toronto, Ontario – June 14, 2022 – Lahontan Gold Corp. (TSX.V: LG) (formerly, 1246765 B.C. Ltd.)

(the “Company” or “Lahontan”) is pleased to announce that it has begun its 2022 exploration program at

its high-grade Moho Project located in Nevada’s prolific Walker Lane. Previous exploration at the 9.2 km2

Moho Project includes almost 2,000 metres of core drilling in 2018, over 370 underground and surface

rock-chip and channel samples, and a project-wide ground magnetic survey. Highlights from the 2018 core

drilling campaign conducted by KA Gold LLC include:

• Drill hole MOH-002C: 1.4 metres grading 12.8 gpt Au, 312 gpt Ag, 10.2% Pb (20.7 gpt Au

Eq), (150.0 – 151.4 metres down-hole).

• Drill hole MOH-005C: 1.2 metres grading 9.6 gpt Au and 4.1 gpt Ag (75.6 – 75.8 metres down-

hole).

• Drill hole MOH-006C: 0.4 metres grading 6.2 gpt Au, 123 gpt Ag, 3.9% Pb (9.2 gpt Au Eq),

(154.9 – 155.3 metres down-hole).

Note: The drill holes referenced above were drilled at an angle to the structure, therefore the intervals represent approximate true width. Au Eq equals (Au

(gpt) + (Ag gpt/75)) plus (% Pb * 0.36 gpt Au). Metallurgical recovery has not been factored as insufficient test-work is available to determine potential Ag

and Pb recoveries.

The Moho Project explores a series of en-echelon, parallel, precious and base metal vein systems that are

exposed over a strike length in excess of 2,500 metres, drilling to date is very shallow. Based on drilling

and underground sampling, the Moho system remains unconstrained. The focus of this phase of the 2022

exploration is to complete a detailed structural interpretation of the Moho vein system to guide 2022 drilling

later this year.

Kimberly Ann, CEO, President, Director, and Founder of Lahontan commented: “We are excited to begin

our 2022 exploration program at Moho. We have had incredible results at our flagship Santa Fe Project

this year, however the Company is fortunate to have multiple high quality Nevada exploration assets. Moho

is the most underexplored high-grade vein camp in the Walker Lane. Prior to the 2018 drilling program by

KA Gold, there had been no significant exploration in the district despite an impressive history of high-

grade precious metal production. Given the strike length of the multiple parallel veins, the vertical range

of precious metal mineralization, and the scant shallow drilling to date, Lahontan views Moho as an

exploration asset with considerable upside and we look forward to drilling at Moho later this year”.

About Lahontan Gold Corp:

Lahontan Gold Corp. (TSX.V: LG) 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 19 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 3 75,000

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 is completing an aggressive 25,000 metre drilling program with the

goal of publishing a National Instrument 43-101 (“NI 43-101”) compliant mineral resource estimate for

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

Santa Fe in 2022. For more information, please visit our website: 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. 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