BRIEF

on Lahontan Gold Corp. (isin : CA50732M1014)

Lahontan Initiates Crucial Environmental Data Collection Phase for Santa Fe Mine Project

Lahontan Gold Corp announces the commencement of the final phase of baseline environmental data gathering for its Santa Fe Mine project in Nevada. This vital step forwards the exploration Plan of Operations (POO), emphasizing consulting biologists' helicopter-borne raptor surveys and on-the-ground botanical evaluations. The finalized Cultural and Biological Resource Reports are expected for Bureau of Land Management (BLM) and Nevada State Historic Preservation Office (SHPO) review by late Q2 2024, with BLM completing its POO review in H2 2024. Approval would enable increased surface disturbance, facilitating further exploration and potential mining operations enhancement.

Kimberly Ann, Lahontan's CEO, highlights the significance of completing these baseline studies, a milestone nearly reached after 12 months of data collection. This accomplishment paves the way for potential mining operations at Santa Fe, reflecting the company's commitment to responsible exploration and development. Lahontan anticipates submitting the draft reports to the BLM soon, marking a significant step in the POO permitting process.

R. P.

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