BRIEF

on Lahontan Gold Corp. (isin : CA50732M1014)

Lahontan Gold Corp Updates on Santa Fe Mine Progress

Lahontan Gold Corp provided an update on its Exploration Plan of Operations (EPOO) for the Santa Fe Mine project. Submitted in November 2024, the plan is currently under review by the U.S. Bureau of Land Management (BLM). The company anticipates receiving formal completeness determination soon, moving the process into the NEPA phase. Final EPOO approval is expected by late 2025. Meanwhile, exploration drilling can continue under a Notice of Intent.

The EPOO permits up to 750 drill holes, enhancing exploration potential. Baseline reports on Biology and Economic Values received no BLM comments. Responses to issues on Raptors and Air Quality have been addressed. Answering Cultural Resources comments is underway. Lahontan aims for a Finding of No Significant Impact (FONSI) and EPOO approval by year-end.

R. E.

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