Positive Preliminary Economic Assessment For Santa Fe Gold-Silver Project

TORONTO - Lahontan Gold Corp. reported on the positive Preliminary Economic Assessment (PEA) on its flagship Santa Fe Mine gold-silver project located in Nevada's prolific Walker Lane Trend.

Kimberly Ann, Executive Chair, CEO, President, and Founder said, "Lahontan is very excited about the results of the PEA: a low-capex, highly profitable mining project with a quick payback certainly bodes well for the future of Lahontan and all stakeholders. There is considerable potential to expand gold and silver resources, therefore this is just the first step in restarting mining operations at Santa Fe. With mine permitting well under-way, targeting a 2026 mine ground-breaking, the potential for the Company to realize the economic outcomes outlined in the PEA is very real, especially given current trends in gold and silver prices. Continued optimization of the mine plan, resource expansion drilling, and refining the metallurgical flow sheet are planned for 2025, in parallel with our permitting activities."