Ms. Kimberly Ann reports

LAHONTAN PROVIDES CORPORATE UPDATE

Lahontan Gold Corp.'s board of directors has appointed Kimberly Ann, Lahontan founder, chief executive officer, president and a director, as executive chair, effective immediately.

The company would also like to provide an update on the status of the block of Lahontan common shares held by Victoria Gold Corp. As announced by Victoria Gold on Aug. 15, 2024, the Ontario Superior Court of Justice granted an order appointing PricewaterhouseCoopers Inc. as the receiver and manager of Victoria Gold, including, without limitation, all property, assets and undertakings in which Victoria Gold has an interest. As a result, the Victoria Gold share block cannot be sold without court approval, which management believes will permit an orderly sale of the Lahontan common shares held by Victoria Gold. The company is working diligently to assist in any potential sale process to ensure the best possible outcome for Lahontan shareholders.

We seek Safe Harbor.