FAQ: Lahontan Gold Corp. Warrant Expiry Acceleration and Company Overview

What is the main announcement from Lahontan Gold Corp.?

Lahontan Gold Corp. is accelerating the expiry of common share purchase warrants issued on April 30, 2025, under a non-brokered private placement. The warrants must now be exercised by 5 p.m. Toronto time on October 21, 2025, or they will expire.

Why did Lahontan Gold Corp. accelerate the warrant expiry?

The acceleration was triggered because the company’s shares traded at or above a volume-weighted average price (VWAP) of C$0.12 for 10 consecutive trading days ending September 4, 2025, meeting the conditions specified in the warrant terms.

How can warrant holders exercise their warrants?

Warrant holders can exercise by submitting their warrant certificate, exercise form, and payment to Irwin Lowy LLP in Toronto before the deadline of 5 p.m. Toronto time on October 21, 2025.

What happens if warrant holders do not exercise by the deadline?

If warrant holders do not exercise by 5 p.m. Toronto time on October 21, 2025, their warrants will expire and become worthless, losing the opportunity to purchase shares at the specified exercise price.

What is Lahontan Gold Corp.’s primary business and flagship project?

Lahontan Gold Corp. is a Canadian mine development and mineral exploration company with four gold and silver properties in Nevada. Its flagship property is the 26.4 km² Santa Fe Mine project, which had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995.

What are the 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. These resources are compliant with Canadian National Instrument 43-101 standards.

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

For more information, visit the company’s website at www.lahontangoldcorp.com or check the latest news and updates at http://ibn.fm/LGCXF. The full press release is available at https://ibn.fm/HXAzX.

Who approved the technical content of this news release?

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