FAQ: Lahontan Gold Corp.'s Acquisition of York Claims for Santa Fe Mine Project Expansion

What is the main announcement in this content?

Lahontan Gold Corp. signed a binding term sheet on August 18, 2025, to acquire 27 unpatented lode mineral claims known as the York Claims from Emergent Metals Corp.

Why is this acquisition significant for Lahontan Gold Corp.?

The acquisition adds approximately 2.1 square kilometers of mineral rights to the Santa Fe Mine Project, potentially allowing expansion of the York open pit and increasing mineral resources in the area.

Where are the York Claims located in relation to the Santa Fe Mine Project?

The York Claims adjoin the Santa Fe Mine Project immediately south and southeast of the York open pit and gold resource.

What evidence suggests these claims are valuable for mineral resources?

A recent Preliminary Economic Assessment showed that gold-silver mineralization extends toward the York Claims, indicating potential resource expansion.

What are the current mineral resources at the Santa Fe Mine Project?

The Santa Fe Mine has an Indicated Mineral Resource of 1,539,000 oz Au Eq and an Inferred Mineral Resource of 411,000 oz Au Eq, all pit constrained.

Who reviewed and approved the technical content of this announcement?

The technical content was reviewed and approved by Michael Lindholm, CPG, Independent Consulting Geologist to Lahontan Gold Corp., who is a Qualified Person as defined in National Instrument 43-101.

Where can investors find more information about Lahontan Gold Corp.?

More information is available on the company’s website at www.lahontangoldcorp.com and the latest news is available at http://ibn.fm/LGCXF.

What are Lahontan Gold Corp.’s plans for 2025 regarding the Santa Fe Mine project?

The company plans to continue advancing the Santa Fe Mine project towards production, update the Santa Fe Preliminary Economic Assessment, and drill test its satellite West Santa Fe project during 2025.