Ms. Kimberly Ann reports

LAHONTAN MOBILIZES CORE DRILL RIG TO SANTA FE

Lahontan Gold Corp. has mobilized a Super 90 track-mounted core drill rig to the company's flagship Santa Fe mine project located in Nevada's prolific Walker Lane. The core drilling is part of the company's mine development program, focusing on collecting core samples for waste-rock geochemical characterization as part of the state-level mine-permitting process. The drill holes will also be used to further define the distribution of ground water in the area of proposed open pit mining, another key component of the permitting process.

Kimberly Ann, Lahontan executive chair, president, chief executive officer and founder, commented: "Lahontan is excited to take this important next step in the permitting process for the resumption of open pit mining and heap leach processing at Santa Fe. By mobilizing drilling equipment early in 2026, we expect to get both the hydrologic data and waste-rock geochemical data needed to keep the company on track for breaking ground at Santa Fe in 2027."

About Lahontan Gold Corp.

Lahontan Gold is a Canadian mine development and mineral exploration company that holds, through its U.S. subsidiaries, four 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.

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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