Lahontan Gold Provides Corporate Update

About this update from Lahontan Gold Corp.

Toronto, Ontario--(Newsfile Corp. - July 21, 2026) - Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) (the "Company" or "Lahontan") announces that its wholly owned subsidiaries, Gateway Gold Corp. ("Gateway") and Gateway Gold (USA) Corp. ("Gateway USA"), have been served with a Statement of Claim (the "Claim") filed in the Ontario Superior Court of Justice by Vox Royalty Cayman SEZC ("Vox Royalty"). The Claim alleges, among other things, that Gateway and Gateway USA breached an offtake agreement dated April 13, 2018, among Victoria Gold Corp., Stratagold Corp., Victoria Resources (US) Inc., Gateway, Gateway USA and Orion Co-VI Ltd., and seeks monetary damages and other relief. The Company believes the claim is without merit and intends to defend the action vigorously. The allegations contained in the Claim have not been proven in court. As the matter is before the courts, the Company does not intend to comment further on the allegations at this time. The Company will respond through the court process and will provide further updates as required in accordance with applicable securities laws. The Company does not expect the commencement of the Claim to have a material impact on its day-to-day operations or on the continued execution of its business strategy. About Lahontan Gold Corp. Lahontan Gold Corp. is a 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 compliant Indicated Mineral Resource of 1,539,000 oz Au Eq (48,393,000 tonnes grading 0.92 g/t Au and 7.18 g/t Ag, together grading 0.99 g/t Au Eq) and an Inferred Mineral Resource of 411,000 oz Au Eq (16,760,000 tonnes grading 0.74 g/t Au and 3.25 g/t Ag, together grading 0.76 g/t Au Eq), all pit constrained (Au Eq is inclusive of recovery, please see Santa Fe Project Technical Report and note below*). The Company plans to continue advancing the Santa Fe Mine project towards production, update the Santa Fe Preliminary Economic Assessment, and continue drill testing its satellite West Santa Fe proje...

View stock analysis, news, and events for Lahontan Gold Corp.