Permits Received For Drilling Campaign At Santa Fe Mine

TORONTO - Lahontan Gold Corp. has received its permit for the 2023 drilling campaign at its flagship Santa Fe Mine located in Nevada. The United States Department of the Interior's Bureau of Land Management (BLM) approved an amendment to the Company's previously approved Notice of Intent to Operate which will allow the Company to drill up to 11,000 meters at the Santa Fe Mine. The objective of this drilling campaign is to expand known shallow oxide gold and silver resources at Santa Fe, targeting an updated Mineral Resource Estimate by year-end 2023.

Kimberly Ann, Founder, CEO, President, and Director, said, "The Company appreciates working with the Nevada office of the BLM and the positive permitting environment in the state of Nevada as a whole. We are excited to begin our 2023 drilling program at Santa Fe and expect to announce mobilization of drilling crews shortly. Lahontan continues to plan additional exploration at our other projects while simultaneously evaluating acquisition opportunities that can provide accretive to growth for the Company."