Lahontan Provides Update ON Transfer of Victoria GOLD Shares
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
NEWS RELEASE TSX.V LG, OTCQB LGCXF
LAHONTAN PROVIDES UPDATE ON TRANSFER OF VICTORIA GOLD SHARES
Toronto Ontario, December 10, 2024 – Lahontan Gold Corp. (TSXV:LG, OTCQB:LGCXF) (the
"Company" or "Lahontan") is pleased to announce that during a court hearing yesterday before the Ontario
Superior Court of Justice, a judgement was issued allowing the Receiver, Price Waterhouse Cooper
(“PwC”) to proceed with the transfer of common shares of the Company that were previously held by
Victoria Gold Corp (“the Victoria shares”), now under control of PwC. The Company has been in contact
with a group of Lahontan institutional and private investors in order to facilitate an orderly transfer of the
Victoria shares. The Company anticipates that the transfer will take place shortly, relieving an overhang on
Lahontan equity investors.
Kimberly Ann, Lahontan Executive Chair, CEO, President, and Founder commented: “This is an important
step towards placing the Victoria shares in the hands of secure, long-term investors. The Company looks
forward to the resolution of this matter and moving on in executing our strategy of advancing the Santa Fe
Mine towards production”.
About Lahontan Gold Corp.
Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds,
through its US subsidiaries, four top-tier gold and silver exploration properties in the Walker Lane of
mining friendly Nevada. Lahontan’s flagship property, the 26.4km2 Santa Fe Mine project, had past
production of 356,000 ounces of gold and 784,000 ounces of silver between 1988 and 1995 from open pit
mines utilizing heap-leach processing (Nevada Division of Minerals, www.ndomdata.com). The Santa Fe
Mine has a Canadian National Instrument 43-101 compliant Indicated Mineral Resource of 1,539,000 oz
Au Eq (grading 0.99 g/t Au Eq) and an Inferred Mineral Resource of 411,000 oz Au Eq (grading 0.76 g/t
Au Eq), all pit constrained (Au Eq is inclusive of recovery, please see Santa Fe Project Technical Report*).
For more information, please visit our website: www.lahontangoldcorp.com
* Please see the Santa Fe Project Technical Report, Authors: Trevor Rabb, P. Geo, Darcy Baker, PhD, P. Geo., and Kenji Umeno,
P. Eng., Effective Date: October 9, 2024, Report Date: November 27, 2024. The Technical Report is available on the Company’s
website and SEDAR+.
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
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
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 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", "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