Lahontan Gold Expands Nevada Land Position with Strategic York Claims Acquisition

Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) has completed the purchase of 27 unpatented lode mining claims known as the York claims from Emergent Metals Corp., strategically expanding its land position in Nevada's prolific Walker Lane gold belt. The newly acquired claims adjoin the southeast corner of Lahontan's Santa Fe Mine Project and present substantial potential to expand oxide gold and silver resources previously identified at the York deposit. This acquisition represents a significant step in consolidating the company's control over a contiguous mineralized system in one of the world's premier gold districts.

Recent drilling results strongly support the mineralization extension onto the newly acquired claims, with hole YOR25-001R intercepting 89.9 meters grading 0.23 g/t gold. This geological continuity validates the strategic importance of the acquisition, as it allows for potential expansion of the known mineral resources and provides opportunities for future pit optimization. Kimberly Ann, Founder, Chair, CEO, and President of Lahontan Gold, emphasized the strategic value, stating that the gold and silver resource expansion potential combined with the ability to further lay back the York pit in future operations makes this a pivotal acquisition for the company's long-term development plans.

The transaction terms include a US$10,000 payment, a US$50,000 promissory note, 2 million Lahontan shares issued to Emergent Metals Corp., and a 1% net smelter return royalty on the York claims. The royalty agreement includes a buyback provision allowing Lahontan to purchase the royalty for up to US$1 million within seven years, providing flexibility in future financial planning. With this acquisition, Lahontan now controls 506 claims totaling over 2,832 hectares across the Walker Lane, significantly strengthening its position in this world-class mining jurisdiction.

The Santa Fe Mine project, Lahontan's flagship property, has a substantial historical production record of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing. According to the technical documentation available at https://ibn.fm/HNSDt, the project contains Canadian National Instrument 43-101 compliant Indicated Mineral Resources of 1,539,000 gold equivalent ounces and Inferred Mineral Resources of 411,000 gold equivalent ounces. The company plans to continue advancing the Santa Fe Mine project toward production while updating the Preliminary Economic Assessment and conducting drill testing at its satellite West Santa Fe project during 2025.

This expansion comes at a time when global gold demand remains strong, and strategic land acquisitions in proven mining districts like Nevada's Walker Lane are increasingly valuable. The consolidation of the York claims into the Santa Fe Mine Project portfolio enhances Lahontan's resource base and provides additional flexibility in mine planning and development sequencing. The technical content of the announcement was reviewed and approved by Michael Lindholm, CPG, Independent Consulting Geologist to Lahontan Gold Corp., who is a Qualified Person as defined in National Instrument 43-101. Additional corporate information can be found through the company's official communications channels.