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TORONTO, Feb. 8, 2023 /CNW/ - Lahontan Gold Corp. (TSXV: LG) (OTCQB: LGCXF) (the "Company" or "Lahontan") is pleased to announce that it has entered into an agreement with Beacon Securities Limited ("Beacon" or the "Agent"), as sole agent in connection with a best efforts private placement of up to 13,640,000 units (the "Units") of the Company at a price of $0.11 per Unit (the "Issue Price") for aggregate gross proceeds to the Company of up to $1,500,400 (the "Offering"). Each Unit shall consist of one common share in the capital of the Company (a "Unit Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable to acquire one common share (a "Warrant Share") for a period of 36 months following the closing of the Offering at a price of $0.18 per Warrant Share.