Lahontan Gold Corp Announces $2 Million Private Placement

Lahontan Gold Corp., a Canadian mining exploration company, is launching a non-brokered private placement to raise up to $2 million. This will be achieved through the issuance of up to 13,333,333 units priced at $0.15 each. Each unit includes one common share and half a common share purchase warrant, allowing the purchase of an additional share at $0.25 within two years, subject to market conditions.

Proceeds from this offering will support general working capital and exploration activities at the Santa Fe Mine and West Santa Fe Projects. Completion is contingent on necessary approvals, including from the TSX Venture Exchange. Securities issued will carry a holding period of four months and a day.

The offering is not registered for sale in the United States. It adheres to Canadian securities laws, ensuring compliance while advancing Lahontan's exploration goals.