Lahontan Drills More Shallow Oxide Gold at West Santa Fe: 41m Grading 1.94 g/t Au Eq Including 9.1m Grading 4.14 g/t Au EqTORONTO, ON / ACCESS Newswire / February 10, 2026 / Lahontan Gold Corp. (TSXV:LG)(OTCQB:LGCXF)(FSE:Y2F) (the "Company" or "Lahontan") is pleased to announce more analytical results from our 2025 maiden drilling program at the Company's satellite West Santa Fe project, located only 13 km from Lahontan's flagship asset, the Santa Fe Mine project, in Nevada's prolific Walker Lane. These assay results are from two additional reverse-circulation rotary ("RC") drill holes at West Santa Fe and are summarized below. Additional drill results are expected shortly.WSF25-03R: 41.2 metres (15.2 - 56.4m) grading 1.94 g/t Au Eqincluding 9.1 metres (42.7 - 51.8m) grading 4.14 g/t Au Eq: A shallow intercept of oxide gold and silver mineralization with a high-grade core: 4.14 g/t Au Eq.The drill hole correlates with gold and silver mineralization reported in an adjacent historic drill hole (M81-61) and allows Lahontan to continue validating the historic drill hole database (please see cross section below).Individual intercepts in WSF25-03R contain up to 12.88 g/t Au Eq, corresponding to an east-west trending fault structure that controls higher grade precious metal mineralization in this portion of the West Santa Fe hydrothermal system (1.52m, 44.20 - 45.72m; 11.30 g/t Au, 135.0 g/t Ag).WSF25-01R: 6.1 metres (38.1 - 44.2m) grading 1.53 g/t Au Eq. The drill hole targeted structure on the very east end of the south mineralized zone, successfully intercepting key fault-controlled precious metal mineralization. The system remains open to the east, an area of old underground workings and anomalous surface geochemistry (please see plan map below). Notes: Au Eq equals Au (g/t) + ((Ag g/t/60)*0.70). Silver grade for calculating Au Eq is adjusted to consider estimated metallurgical recovery reported by Kappes Cassiday (1982). True thickness of the intercepts is estimated to be 70-85% of the drilled interval. Numbers may not total precisely due to rounding.Kimberly Ann, Lahontan Executive Chair, President, CEO, and Founder commented: "The high-grade drill results seen in WSF25-03R confirm the tenor and distribution of gold and silver mineralization seen in historic drilling at West Santa Fe. The Company is excited that these initial results are very similar to, in terms of both grade and geometry, assays reported for the older drilling. Given the apparent size of the hydrothermal system, Lahontan believes that there is significant upside to the West Santa Fe project and the project has the potential to augment Mineral Resources already defined at the nearby Santa Fe Mine project*. Additional drilling is planned for West Santa Fe this Spring." Cross section through drill hole WSF25-03R, West Santa Fe project, Nevada. The results from this drill hole compare favorably with historic drilling, both in the grade of gold mineralization and the geometry. The results in part validate the historic drill hole data and together, demonstrate that gold and silver mineralization is open down-dip to the north-northwest. Drill hole location map for WSF25-01R and -03R West Santa Fe Project, Nevada. The surface projection of known mineralization, based on historic drilling, is shown in red. Proximity to the Santa Fe Mine project is highlighted by the inset map.The Company has also received analytical results for the final five RC drill holes completed at the York deposit, part of the Company's Santa Fe Mine project. Two of the drill holes were lost in a fault zone and therefore abandoned due to difficult drilling conditions (YOR25-003R and -006R), while two of the remaining three holes specifically targeted the margins of the York system for use in mine planning and to determine the potential margins of a future open pit (YOR25-005R and -008R, please see below).The final drill hole, YOR25-07R, was a condemnation hole located on the waste rock dump of the historic York open pit. Interestingly, the upper 12.2 metres of YOR25-007R, all in mine dump material, graded 0.27 g/t Au. The historic (1993) cut-off grade at the York deposit was approximately 0.5 g/t Au. Given the gold content seen in this limited sampling, the waste rock dumps at York may have the potential to host significant tonnages of material that could be processed in future mining operations. Notes: Au Eq equals Au (g/t) + ((Ag g/t/60)*0.70). Silver grade for calculating Au Eq is adjusted to consider historic metallurgical recovery as described in the Santa Fe Project Technical Report. True thickness of the intercepts is estimated to be 80-100% of the drilled interval. Numbers may not total precisely due to rounding. *The results for YOR25-004R were reported in a press release dated January 13, 2026. Drill hole location map for the York area, Santa Fe Mine Project, Nevada. The outline of the PEA pit shell from the Santa Fe Mine Project Technical Report* is shown with the