Lahontan Gold Announces Warrant Acceleration

About this update from Lahontan Gold Corp.

Toronto, Ontario--(Newsfile Corp. - April 28, 2026) - Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) (the "Company" or "Lahontan") is pleased to announce that the Company is electing to accelerate the expiry of outstanding common share purchase warrants (the "Warrants") issued on September 1, 2023, pursuant to the Company's non-brokered private placement. Pursuant to the terms of the Warrants, the Company may accelerate the Warrants if the daily volume weighted average trading price (or closing bid price on days when there are no trades) of the common shares of the Company (the "Common Shares") on the TSX Venture Exchange ("TSXV") is at least $0.24 per Common Share for a minimum of 20 consecutive trading days at any time after September 1, 2024 (the "Acceleration Period"). The Company hereby provides notice (the "Acceleration Notice") of the Acceleration Period covering the twenty (20) consecutive trading days ended April 27, 2026, and that the Company is exercising its right to accelerate the expiry of the Warrants to 5:00 p.m. (Toronto Time) on May 18, 2026 (the "Accelerated Expiry Date"). Any Warrants remaining unexercised after the Accelerated Expiry Date will expire and be of no force and effect. Holders may exercise the Warrants before 5:00 p.m. (Toronto time) on May 18, 2026 by surrendering to the Company c/o TSX Trust Company, 301-100 Adelaide Street West, Toronto, Ontario M5H 2H1: (i) the original Warrant certificate with a duly completed and executed exercise form in the form attached to the Warrant certificate; and (ii) a certified cheque, bank draft or money order in lawful money of Canada payable to or to the order of Lahontan Gold Corp. in an amount equal to the purchase price of the number of shares subscribed for. For further information, please contact John McNeice, Lahontan Gold Corp. CFO: [email protected]. About Lahontan Gold Corp. Lahontan Gold Corp. is a Canadian mine development and mineral exploration company that holds, through its US subsidiaries, four gold and silver exploration properties in the Walker Lane of mining friendly Nevada. Lahontan's flagship property, the 28.3 km2 Santa Fe Mine project, had past production of 359,202 ounces of gold and 702,067 ounces of silver between 1988 and 1995 from open pit mines utilizing heap-leach processing. The Santa Fe Mine has a Canadian National Instrument 43-101 complian...

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