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Lahontan Gold Corp. (TSXV:LG,OTC:LGCXF, OTCQB:LGCXF, FSE:Y2F) (the ‘Company’ or ‘Lahontan’) is pleased to announce that it intends to complete a non-brokered private placement of up to 24,390,244 units (each, a ‘Unit’) in the capital of the Company at a price of Cdn $0.41 per Unit for gross proceeds of up to Cdn $10,000,000 (the ‘Offering’).

Each Unit shall be comprised of one common share (each, a ‘Common Share‘) in the capital of the Company and one-half of one whole Common Share purchase warrant (each whole warrant, a ‘Warrant‘). Each Warrant entitles the holder thereof to purchase one Common Share at a price of Cdn $0.60 per Common Share for a period of two (2) years from the date of issuance, provided, however, that should the closing price at which the Common Shares trade on the TSX Venture Exchange (or any such other stock exchange in Canada as the Common Shares may trade at the applicable time) is equal to or exceeds Cdn $1.00 for ten (10) consecutive trading days at any time following the date that is four months and one day after the date of issuance, the Company may accelerate the Warrant Term (the ‘Reduced Warrant Term‘) such that the Warrants shall expire on the date which is 30 business days following the date a press release is issued by the Company announcing the Reduced Warrant Term.

Gross proceeds raised from the Offering will be used for general working capital purposes and for exploration at the Company’s Santa Fe Mine and West Santa Fe Projects.

All securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. Subject to compliance with applicable regulatory requirements, all securities to be issued pursuant to the Offering in jurisdictions outside of Canada and the United States pursuant to Ontario Securities Commission Rule 72-503 – Distributions Outside Canada will not be subject to any statutory hold period under applicable Canadian securities laws. The closing of the Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the ‘U.S. Securities Act‘) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons as defined under applicable United States securities laws unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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 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 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 drill test its satellite West Santa Fe project during 2025. For more information, please visit our website: www.lahontangoldcorp.com

* Please see the ‘Preliminary Economic Assessment, NI 43-101 Technical Report, Santa Fe Project’, Authors: Kenji Umeno, P. Eng., Thomas Dyer, PE, Kyle Murphy, PE, Trevor Rabb, P. Geo, Darcy Baker, PhD, P. Geo., and John M. Young, SME-RM; Effective Date: December 10, 2024, Report Date: January 24, 2025. The Technical Report is available on the Company’s website and SEDAR+. Mineral resources are reported using a cut-off grade of 0.15 g/t AuEq for oxide resources and 0.60 g/t AuEq for non-oxide resources. AuEq for the purpose of cut-off grade and reporting the Mineral Resources is based on the following assumptions gold price of US$1,950/oz gold, silver price of US$23.50/oz silver, and oxide gold recoveries ranging from 28% to 79%, oxide silver recoveries ranging from 8% to 30%, and non-oxide gold and silver recoveries of 71%. 

Qualified Person

Brian J. Maher, M.Sc., CPG-12342, is a ‘Qualified Person’ as defined under Canadian National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has reviewed and approved the content of this news release in respect of all technical disclosure other than the Mineral Resource Estimate as noted above.‎ Mr. Maher is Vice President-Exploration for Lahontan Gold and has verified the data disclosed in this news release, including the sampling, ‎‎analytical and test data underlying the disclosure.

On behalf of the Board of Directors

Kimberly Ann

Founder, CEO, President, Executive Chair

FOR FURTHER INFORMATION, PLEASE CONTACT:

Lahontan Gold Corp.

Kimberly Ann
Founder, CEO, President, Executive Chair

Phone: 1-530-414-4400

Email:
Kimberly.ann@lahontangoldcorp.com

Website: www.lahontangoldcorp.com

Cautionary Note Regarding Forward-Looking Statements:

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Except for statements of historical fact, this news release contains certain ‘forward-looking information’ within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as ‘plan’, ‘expect’, ‘project’, ‘intend’, ‘believe’, ‘anticipate’, ‘estimate’ and other similar words, or statements that certain events or conditions ‘may’ or ‘will’ occur. Forward-looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the TSXV. There are uncertainties inherent in forward-looking information, including factors beyond the Company’s control. The Company undertakes no obligation to update forward-looking information if circumstances or management’s estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Additional information identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadian securities regulators, which filings are available at www.sedar.com.

(TheNewswire)

Vancouver, British Columbia / March 12, 2026 ‑ TheNewswire – Harvest Gold Corporation (TSXV: HVG,OTC:HVGDF) (‘Harvest Gold‘ or the ‘Company‘) is pleased to announce that it has entered into definitive agreements (the ‘Agreements‘) to acquire 24 additional mineral claims covering 1,356 hectares (the ‘Claims‘) from two separate arm’s length prospector groups in the Urban Barry Greenstone Belt of Quebec.

The block of six (6) claims and four (4) claims to the south are underlain by the Kiask River Deformation Zone and, when combined with Harvest Gold’s LaBelle property, provide continuous coverage over approximately 33 kilometres of strike length of favourable geology south of the Wilson intrusion (see Figure 1).

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Figure 1: Newly Acquired Mineral Claims

With this acquisition, Harvest Gold’s land position in the highly prospective Urban Barry Greenstone Belt now totals 401 mineral claims covering 21,372.81 hectares and over 50 kilometres of strike length of favorable and potentially mineralized structures, strategically located within the Urban Barry Greenstone Belt (See Figure 2).

Rick Mark, President and CEO of Harvest Gold, states: ‘This expansion enhances our strategic footprint in the Urban Barry Greenstone Belt. Importantly, it connects Mosseau and LaBelle and now covers the entirety of the Kiask River Deformation Zone. Historical results and surface showings from only a small portion of the now expanded Mosseau property underscore the strong exploration potential across the largely underexplored, 100% owned land package.

Strategic Expansion of the Mosseau Project

The Claims acquired by Harvest Gold cover 1,356 hectares in the Urban Barry Greenstone Belt of Quebec. The Claims expand the Company’s Mosseau Project along strike, both to the north and south, incorporating areas of favourable geology with documented historical gold and base metal showings. Historical work documented in the government’s database (SIGEOM) has outlined five (5) additional mineral showings in the north part of the Mosseau property, extending into the Toussaint Deformation Zone and three (3) mineral showings to the south, adjoining the Mosseau and LaBelle properties (Figure 1).

Northern Showings within the Toussaint Deformation Zone include:

• Domtar 116 (Blueberry): 4.4% Cu, 46.0 g/t Ag, 1.38 g/t Au over 0.18 m (DDH) 

• Domtar 111 (Beehler Vein): 0.69 g/t Au, 3.09 g/t Ag, 0.22% Cu, 0.23% MoS₂ over 0.61 m (channel sample) and 1.4 g/t Au, 0.86% Cu (grab sample) 

• Rivière Wilson: 1.0 g/t Au (grab sample) 

• Verneuil-BV-92-01: 1.23 g/t Au over 0.27 m (DDH) 

• Verneuil-Serem Est: 1.41 g/t Au over 1.5 m (DDH) 

Southern Showings – Kiask River Deformation Zone

• Lac Labrie: 47.32 g/t Au over 0.3 m (DDH), 22.3 g/t Au over 0.9 m (DDH), 119.67 g/t Au (float sample) 

• Labrie 2: 1.65% Zn, 1.11% Pb (grab samples) 

• Lac Labrie SE: 2.06 g/t Au, 4.46 g/t Ag over 0.61m (DDH) 

The block of six (6) claims and Four (4) claims to the south are underlain by the Kiask River Deformation Zone and, when combined with Harvest Gold’s LaBelle property, provide continuous coverage over approximately 33 kilometres of strike length of favourable geology south of the Wilson intrusion The Audet-Robert claim blocks were purchased from Jean Robert, Les Explorations Carat, 9495-6976 Québec Inc. (the ‘Audet-Robert Vendors‘) and the Gaudreault claim block was purchased from Daniel Gaudreault (the ‘Gaudreault Vendor‘).

Transaction Terms – Audet-Robert Claim Blocks

As consideration for a 100% interest in the Audet-Robert claim blocks, Harvest Gold has agreed to provide the Audet-Robert Vendors with:

• $60,000 in cash, with $30,000 payable upon receiving TSX Venture Exchange (the Exchange‘) approval to the transaction and $30,000 payable by June 30th, 2026; 

• 750,000 common shares of the Company (the Shares‘), with one-half (1/2) of the Shares to be issued upon receiving Exchange approval to the transaction and one-half (1/2) of the Shares to be delivered by June 30th, 2026.  The Shares will be subject to a statutory resale restriction period of four months from the date of issuance of the Shares in accordance with Canadian securities laws. 

Transaction Terms – Gaudreault Claim Block

As consideration for a 100% interest in the Gaudreault claim block, Harvest Gold will provide the Gaudreault Vendor with $5,000 in cash.

No finder’s fees are payable in connection with the transactions.

The Agreements remain subject to regulatory approval by the Exchange.

NI 43-101 Disclosure – Historical Data

The historical exploration results referenced in this news release were completed by previous operators and have not been independently verified by Harvest Gold. Although the Company considers the historical work to be relevant and reliable, it has not completed sufficient work to verify these historical results and does not rely on them for the purposes of this disclosure. The historical information is presented solely to provide context for current exploration results and ongoing exploration planning.

The true widths of the reported historical drill and channel sampling intervals have not been determined. Grab samples are selective by nature and may not be representative of the overall mineralization on the Mosseau Project.

Qualified Person Statement

All scientific and technical information in this news release has been prepared and approved by Louis Martin, P.Geo., Technical Advisor to the Company and considered a Qualified Person for the purposes of NI 43-101.

Mr. Martin has reviewed and verified the historical assay results reported in SIGEOM and has not identified any errors or omissions during the data verification process. The Company and Mr. Martin are not aware of any factors related to sampling or recovery that could materially affect the accuracy or reliability of the historical data disclosed herein.

About Harvest Gold Corporation

Harvest Gold is focused on exploring for near-surface gold deposits and copper-gold porphyry deposits in politically stable mining jurisdictions. Harvest Gold’s board of directors, management team and technical advisors have collective geological and financing experience exceeding 400 years.

Harvest Gold has three active gold projects focused in the Urban Barry area, totalling 401 claims covering 21,372.81 ha, located approximately 45-70 km west of Gold Fields Limited’s – Windfall Deposit (Figure 2).

Harvest Gold acknowledges that the Mosseau Gold Project straddles the Eeyou Istchee-James Bay and Abitibi territories.  Harvest Gold is committed to developing positive and mutually beneficial relationships based on respect and transparency with local Indigenous communities.

Harvest Gold’s three properties, Mosseau, Urban-Barry and LaBelle, together cover over 50 km of favourable strike along mineralized shear zones.

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Figure 2: Project Location: Urban-Barry Greenstone Belt

ON BEHALF OF THE BOARD OF DIRECTORS

Rick Mark
President and CEO
Harvest Gold Corporation

For more information please contact:

Rick Mark or Jan Urata
@ 604.737.2303 or info@harvestgoldcorp.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Information

This news release includes certain statements that may be deemed ‘forward looking statements’. All statements in this news release, other than statements of historical facts, that address events or developments that Harvest Gold expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur.

Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

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