Lahontan Provides Corporate Update

Lahontan Gold Corp. announced that its wholly owned subsidiaries, Gateway Gold Corp. and Gateway Gold (USA) Corp., have been served with a Statement of Claim by Vox Royalty Cayman SEZC in the Ontario Superior Court of Justice. The legal action alleges breaches of an offtake agreement dated April 13, 2018, which originally involved Victoria Gold Corp., Stratagold Corp., Victoria Resources (US) Inc., Gateway, Gateway USA, and Orion Co-VI Ltd. The plaintiff is seeking monetary damages and other relief.
Lahontan Gold stated that it believes the claim is without merit and intends to defend the action vigorously. The company emphasized that it does not expect the commencement of the Claim to have a material impact on its day-to-day operations or on the continued execution of its business strategy. Lahontan Gold will respond through the court process and provide further updates as required in accordance with applicable securities laws.