Lahontan Gold Corp

Trading Summary: Lahontan Gold Corp. – A Strategic Long-Term Core Holding for Mine$tockers Inc.

At Mine$tockers Inc., a fund with a focused mandate on high-potential resource investments, Lahontan Gold Corp. (TSX-V: LG; OTCQB: LGCXF) stands out as a cornerstone of our portfolio. Our initial acquisition of Lahontan Gold stock was driven by a compelling investment thesis, and our continued daily buying program reflects our deepening conviction in its exceptional value proposition and anticipated significant re-rating.

Our Investment Rationale:

Tier-One Assets in a Premier Jurisdiction: Lahontan's ownership of the past-producing Santa Fe Mine project in Nevada's prolific Walker Lane district is a critical differentiator. The project boasts a substantial, pit-constrained Indicated Mineral Resource of 1.54 million AuEq ounces and an Inferred Mineral Resource of 0.41 million AuEq ounces. Operating in Nevada, consistently ranked as a top global mining jurisdiction, provides inherent advantages in terms of regulatory stability, infrastructure, and skilled labor, significantly de-risking the development pathway.

Clear, Capital-Efficient Path to Production: The company's strategy is meticulously designed for a low-capital-intensity pathway to production. By focusing on unlocking oxide gold and silver value from its infrastructure-rich Santa Fe project, Lahontan aims for efficient heap-leach operations. The recently completed Preliminary Economic Assessment (PEA), outlining a robust after-tax NPV5% of $200 million and a 34.2% IRR, validates the strong economics and clear roadmap to restarting operations. We are particularly encouraged by the tangible target of construction permits in late 2026 and breaking ground in 2027.

Exceptional Management and Board Strength: A key pillar of our confidence is the caliber of Lahontan's leadership. Founder, CEO, and President Kimberly Ann provides visionary guidance and a proven track record in financing and corporate development. The recent strategic enhancements to the Board, including the addition of seasoned mine development veteran Shane Williams, operational expert Evan Pelletier, and capital markets specialist Max Pluss, collectively provide a formidable blend of expertise. This strengthened team is uniquely equipped to navigate the complexities of mine development, optimize operations, and unlock maximum shareholder value.

Aggressive Growth and Value Creation: Beyond Santa Fe, the company's commitment to continuous resource expansion, including the planned drill testing of the satellite West Santa Fe project, underscores a strategy focused on scalable growth. This aggressive approach to increasing the overall resource base in a capital-efficient manner ensures long-term value creation.

Rationale for Daily Buying Program:

Our daily buying program in Lahontan Gold Corp. is a direct reflection of our belief that the market has yet to fully appreciate the company's de-risked profile and significant upside potential. As Lahontan systematically achieves its permitting milestones, advances its PEA, and continues to deliver positive drill results from its expanding projects, we anticipate a substantial re-rating of the stock. We are actively accumulating shares to position Mine$tockers Inc. to benefit from this expected revaluation as Lahontan transitions from a promising explorer to a producing gold and silver company. We are confident in management's ability to execute this strategy, making Lahontan Gold Corp. a compelling and strategic long-term investment.

KEVIN DWYER, CEO

HEAD EQUITY TRADER