Ms. Kimberly Ann reports

LAHONTAN SAMPLES UP TO 13.54 G/T AU EQ AT WEST SANTA FE

Lahontan Gold Corp. has released results from rock-chip sampling at its West Santa Fe project, with up to 13.54 grams per tonne gold equivalent (AuEq), ranging from 0.13 g/t to 13.54 g/t AuEq. Four rock-chip samples from outcrop in the main Au and Ag (silver) mineralized zone ranged from 2.71 to 13.54 g/t AuEq and averaged 7.30 g/t AuEq. Lahontan geologists also completed detailed statistical analysis of historic soil geochemical data from West Santa Fe; the results show a remarkable correlation with known mineralized areas and outline multiple targets for further exploration.

Kimberly Ann, Lahontan founder, chief executive officer, president and director, commented: "The results of rock-chip sampling at West Santa Fe, part of our due diligence process, confirms the presence of outcropping high-grade Au and Ag mineralization at West Santa Fe. The analysis of historic soil geochemical data is exciting as it outlines significant soil anomalies well removed from the main mineralized area that may represent leakage along northeast-trending strictures from shallowly buried Au and Ag mineralization."

Silver is an important component of the precious metal system at West Santa Fe. The four rock-chip samples collected from outcrop in the main mineralized zone have Ag values that range from 90 to 857 g/t Ag, and average 282 g/t Ag. Silver-in-soil geochem data parallel and reinforce arsenic-in-soil data and will help guide future exploration at West Santa Fe away from the main mineralized area. The area of detailed soil sampling shown represents only a small portion of the 19.7-square-kilometre land package at the project and underscores the utility of soil sampling as an exploration tool. Further rock-chip and soil sampling are planned for the project.

About Lahontan Gold Corp.

Lahontan Gold is a Canadian mineral exploration company that holds, through its U.S. subsidiaries, four top-tier gold and silver exploration properties in the Walker Lane of mining-friendly Nevada. Lahontan's flagship property, the 19 square km Santa Fe mine, had past production of 345,000 ounces of gold and 711,000 ounces of silver between 1988 and 1995 from open-pit mines utilizing heap-leach processing. The Santa Fe mine has an indicated mineral resource of 1,112,000 ounces AuEq (grading 1.14 g/t AuEq) and an inferred mineral resource of 544,000 oz AuEq (grading one g/t AuEq), all pit-constrained (AuEq is inclusive of recovery, please see Santa Fe project technical report). The company will continue to aggressively explore Santa Fe during 2023 and begin the process of evaluating development scenarios to bring the Santa Fe mine back into production. Quentin J. Browne, PGeo, consulting geologist to Lahontan Gold, is the qualified person for the company and approved the technical content of this news release.

We seek Safe Harbor.