Ms. Kimberly Ann reports

LAHONTAN ANNOUNCES INVESTOR RELATIONS AGREEMENT

On July 16, 2025, Lahontan Gold Corp. and GRA Enterprises LLC, doing business as National Inflation Association (NIA), entered into a consulting agreement for investor relations and communication services. The NIA agreement has an initial term of six months. Pursuant to the terms of the NIA agreement, the company has paid NIA $50,000 (U.S.). The term of the NIA agreement can be extended by three months for an additional $30,000 (U.S.), six months for an additional $50,000 (U.S.) or one year for an additional $100,000 (U.S.). NIA will leverage its expansive distribution channels -- including targeted e-mail lists, website features and blog content -- to highlight the company's growth story and project developments.

NIA, based in Mooresville, N.C., has a strong record of investor communications for publicly traded companies. The company will not issue any securities to NIA as compensation. NIA and its principals are at arm's length to the company. NIA, its associate and affiliates, currently hold an aggregate of 200,000 common shares in the capital of the company.

For more information about NIA, contact ga@gerardadams.com or visit NIA at 112 Camp Lane, Mooresville, N.C., 28117.

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 28.3-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 (oz) gold equivalent (AuEq) (48,393,000 tonnes grading 0.92 gram per tonne (g/t) gold (Au) and 7.18 g/t silver (Ag), 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 Au Eq), 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.

* Please see the report titled "Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project," authors: Kenji Umeno, PEng, Thomas Dyer, PE, Kyle Murphy, PE, Trevor Rabb, PGeo, Darcy Baker, PhD, PGeo, and John M. Young, SME-RM; effective date: Dec. 10, 2024, report date: Jan. 24, 2025. The technical report is available on the company's website and on SEDAR+. Mineral resources are reported using a cut-off grade of 0.15 g/t AuEq for oxide resources and 0.60 g/t AuEq for non-oxide resources. AuEq for the purpose of cut-off grade and reporting the mineral resources is based on the following assumptions gold price of $1,950 (U.S.) per oz gold, silver price of $23.50 (U.S.) per oz silver, and oxide gold recoveries ranging from 28 per cent to 79 per cent, oxide silver recoveries ranging from 8 per cent to 30 per cent, and non-oxide gold and silver recoveries of 71 per cent.

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 technical 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.

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