Santa Fe Exploration Plan of Operations Enters Nepa Review
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
NEWS RELEASE
SANTA FE EXPLORATION PLAN OF OPERATIONS ENTERS NEPA REVIEW
Toronto, Ontario, September 25, 2025 – Lahontan Gold Corp. (TSXV: LG; OTCQB: LGCXF; FSE:
Y2F) (the “Company” or “Lahontan”) is pleased to announce that the company’s Exploration Plan of
Operations (“POO”) has begun National Environmental Policy Act (“NEPA”) review by the Federal Bureau
of Land Management (“BLM”). The BLM has up to six months to complete the process, however Lahontan,
its permitting consultants, and the BLM believe the process will be much more rapid, as the POO has been
posted on the BLM National NEPA Registry and a draft Environmental Assessment has already been
completed. The Company has also signed a Contributed Funds Agreement with the BLM whereby Lahontan
will provide funding to the BLM in support of the NEPA process allowing the BLM to assign additional
personnel to the review team and potentially further reduce the time required to complete the review.
Kimberly Ann, Lahontan Founder, Chair, CEO, and President commented: “Lahontan is excited to have its
Exploration POO enter the NEPA review process. When NEPA is completed, the POO will allow for staged
exploration drilling of over 700 holes within the Santa Fe Mine Project area, greatly enhancing the potential
to expand the project’s gold and silver resources and enhance expanded mining opportunities. The
Contributed Funds Agreement allows the BLM to utilize additional personnel to complete the NEPA
analysis and provide funding in case of a Federal government shutdown.”
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 26.4 km2 Santa Fe Mine project, had past
production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit
mines utilizing heap-leach processing. The Santa Fe Mine has a Canadian National Instrument 43-101
compliant Indicated Mineral Resource of 1,539,000 oz Au Eq (48,393,000 tonnes grading 0.92 g/t Au and
7.18 g/t Ag, together grading 0.99 g/t Au Eq) and an Inferred Mineral Resource of 411,000 oz Au Eq
(16,760,000 grading 0.74 g/t Au and 3.25 g/t Ag, together grading 0.76 g/t Au Eq), all pit constrained (Au
Eq is inclusive of recovery, please see Santa Fe Project Technical Report and note below*). The Company
plans to continue advancing the Santa Fe Mine project towards production, update the Santa Fe
Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025. For more
information, please visit our website: www.lahontangoldcorp.com
* Please see the “Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project”, Authors: Kenji Umeno, P.
Eng., Thomas Dyer, PE, Kyle Murphy, PE, Trevor Rabb, P. Geo, Darcy Baker, PhD, P. Geo., and John M. Young, SME-RM;
Effective Date: December 10, 2024, Report Date: January 24, 2025. The Technical Report is available on the Company’s website
and SEDAR+. Mineral resources are reported using a cut-off grade of 0.15 g/t AuEq for oxide resources and 0.60 g/t AuEq for
non-oxide resources. AuEq for the purpose of cut-off grade and reporting the Mineral Resources is based on the following
assumptions gold price of US$1,950/oz gold, silver price of US$23.50/oz silver, and oxide gold recoveries ranging from 28% to
79%, oxide silver recoveries ranging from 8% to 30%, and non-oxide gold and silver recoveries of 71%.
Qualified Person
Brian J. Maher, M.Sc., CPG-12342, is a “Qualified Person” as defined under Canadian National Instrument
43-101, Standards of Disclosure for Mineral Projects, and has reviewed and approved the content of this
217 Queen Street West, Suite 401, Toronto, ON M5V 0R2 www.lahontangoldcorp.com
news release in respect of all disclosure other than the Mineral Resource Estimate as noted above. Mr.
Maher is Vice President-Exploration for Lahontan Gold and has verified the data disclosed in this news
release, including the sampling, analytical and test data underlying the disclosure.
On behalf of the Board of Directors
Kimberly Ann
Founder, CEO, President, and Executive Chair
FOR FURTHER INFORMATION, PLEASE CONTACT:
Lahontan Gold Corp.
Kimberly Ann
Founder, Chief Executive Officer, President, and Executive Chair
Phone: 1-530-414-4400
Email:
Website: www.lahontangoldcorp.com
Cautionary Note Regarding Forward-Looking Statements:
Neither TSX Venture Exchange(“TSXV”) 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.sedarplus.com