Ms. Kimberly Ann reports

SANTA FE EXPLORATION PLAN OF OPERATIONS ENTERS NEPA REVIEW

The federal Bureau of Land Management has begun a National Environmental Policy Act review of Lahontan Gold Corp.'s exploration plan of operations. The BLM has up to six months to complete the process; however, Lahontan, its permitting consultants and the BLM believe the process will be much more rapid as the POO has been posted on the BLM national NEPA registry and a draft environmental assessment has already been completed. The company has also signed a contributed funds agreement with the BLM whereby Lahontan will provide financing to the BLM in support of the NEPA process, allowing the BLM to assign additional personnel to the review team and potentially further reduce the time required to complete the review.

Kimberly Ann, Lahontan founder, chair, chief executive officer and president, commented: "Lahontan is excited to have its exploration POO enter the NEPA review process. When NEPA is completed, the POO will allow for staged exploration drilling of over 700 holes within the Santa Fe mine project area, greatly enhancing the potential to expand the project's gold and silver resources and enhance expanded mining opportunities. The contributed funds agreement allows the BLM to utilize additional personnel to complete the NEPA analysis and provide funding in case of a federal government shutdown."

About Lahontan Gold Corp.

Lahontan 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 Canadian National Instrument 43-101-compliant indicated mineral resource of 1,539,000 ounces gold equivalent (48,393,000 tonnes grading 0.92 gram per tonne gold and 7.18 g/t silver, together grading 0.99 g/t AuEq) and an inferred mineral resource of 411,000 oz AuEq (16.76 million grading 0.74 g/t Au and 3.25 g/t Ag, together grading 0.76 g/t AuEq), all pit constrained (AuEq 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.

Qualified person

Brian J. Maher, MSc, CPG-12342, is a qualified person as defined under Canadian National Instrument 43-101 (Standards of Disclosure for Mineral Projects), and has reviewed and approved the content of this news release in respect of all disclosure other than the mineral resource estimate as noted above. Mr. Maher is vice-president, exploration, for Lahontan Gold, and has verified the data disclosed in this news release, including the sampling, analytical and test data underlying the disclosure.

We seek Safe Harbor.