Ms. Kimberly Ann reports

LAHONTAN GOLD ANNOUNCES FILING OF SANTA FE TECHNICAL REPORT

Lahontan Gold Corp. has filed on SEDAR+ an independent technical report and updated mineral resource estimate (MRE) titled "Santa Fe Project Technical Report," effective Oct. 9, 2024, and dated Nov. 27, 2024, for Lahontan's Santa Fe mine gold and silver project, Santa Fe district, Mineral county, Nevada. The technical report was prepared in accordance with National Instrument 43-101 -- Standards of Disclosure for Mineral Projects and supports the disclosure made by the company in its Oct. 15, 2024, news release announcing the updated mineral resource estimate. There are no material differences in the technical report from the information disclosed in the Oct. 15, 2024, news release. The technical report is available for download under the company's profile on SEDAR+ and is also available on the company's website. The company expects to release the results of its preliminary economic assessment (PEA) of the Santa Fe mine project, utilizing the updated MRE, in December, 2024.

About Lahontan Gold Corp.

Lahontan Gold is a Canadian mine development and mineral exploration company that holds, through its United States subsidiaries, four top-tier gold and silver exploration properties in the Walker Lane of mining-friendly Nevada. Lahontan's flagship property, the 26.4-square-kilometre 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). The Santa Fe mine has a Canadian National Instrument 43-101-compliant indicated mineral resource of 1,539,000 oz AuEq (grading 0.99 g/t AuEq) and an inferred mineral resource of 411,000 oz AuEq (grading 0.76 g/t AuEq), all pit constrained (AuEq is inclusive of recovery, please see Santa Fe project technical report).

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