Ms. Kimberly Ann reports

LAHONTAN ANNOUNCES WARRANT ACCELERATION

Lahontan Gold Corp. has elected to accelerate the expiry of outstanding common share purchase warrants issued on April 30, 2025, pursuant to the company's non-brokered private placement.

Pursuant to the terms of the warrants, the company may accelerate the expiry of the warrants if the common shares of the company trade on the TSX Venture Exchange (or any such other stock exchange in Canada as the common shares may trade at the applicable time) at a volume-weighted average closing price (VWAP) of 12 cents or above per common share for a 10-consecutive-trading-day period. The company hereby provides notice of the acceleration period covering the 10 trading days ended Sept. 4, 2025, and that the company is exercising its right to accelerate the expiry of the warrants to 5 p.m. Toronto time on Oct. 21, 2025. Any warrants remaining unexercised after the accelerated expiry date will expire and be of no force and effect.

Holders may exercise the warrants before 5 p.m. Toronto time on Oct. 21, 2025, by surrendering to the company (care of Irwin Lowy LLP) at 217 Queen St. W, Suite 401, Toronto, Ont., M5V 0R2: (i) the original warrant certificate with a duly completed and executed exercise form in the form attached to the warrant certificate; and (ii) a certified cheque, bank draft or wire payable to Lahontan Gold in an amount equal to the purchase price of the number of shares subscribed for. For further information, please contact John McNeice, chief financial officer of Lahontan Gold, at john.mcneice@lahontangoldcorp.com.

Assuming all the warrants are exercised, the company will receive proceeds of approximately $1,708,228. The proceeds will be used for working capital purposes.

About Lahontan Gold Corp.

Lahontan Gold is a Canadian mine development and 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 26.4-square-kilometre 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 National Instrument 43-101-compliant indicated mineral resource of 1,539,000 ounces gold equivalent (48,393,000 tonnes grading 0.92 grams per tonne gold and 7.18 grams per tonne silver, together grading 0.99 gram per tonne gold equivalent) and an inferred mineral resource of 411,000 ounces gold equivalent (16.76 million tonnes grading 0.74 gram per tonne gold and 3.25 grams per tonne silver, together grading 0.76 gram per tonne gold equivalent), all pit constrained (gold equivalent is inclusive of recovery; please see Santa Fe Project technical report). The company plans to continue advancing the Santa Fe mine project toward production, update the Santa Fe preliminary economic assessment and drill test its satellite West Santa Fe project during 2025. The technical content of this news release and the company's technical disclosure has been reviewed and approved by Michael Lindholm, CPG, independent consulting geologist to Lahontan Gold, who is a qualified person as defined in NI 43-101, Standards of Disclosure for Mineral Projects. Mr. Lindholm was not an author for the technical report and does not take responsibility for the resource calculation but can confirm that the grade and ounces in this press release are the same as those given in the technical report.

We seek Safe Harbor.