Lavras Gold Corp · TSXV:LGC
Lavras Gold — Investor Presentation (December 2025)
50 slides from Lavras Gold's investor presentation, December 2025
Slide 1: Realizing the Potential of a Highly Prospective Gold District in Southern Brazil
Realizing the Potential of a Highly Prospective Gold District in Southern Brazil Investor Presentation |December 2025 TSX-V: LGC OTC: LGCFF
Slide 2: Please Read the Fine Print
Please Read the Fine Print DISCLAIMER Lavras Gold Corp. has prepared this slide deck for information purposes This slide deck is not a prospectus or part of a prospectus on Lavras Gold. It only. When you accept this slide deck, you agree that it is provided for is not an invitation or offer to under
Slide 3: Our goal: A simple strategy
Our goal: Focusing on Demonstrate the potential for an value per share economically feasible gold mine at the LDS Project A simple strategy: Mara Rosa Royalty Explore Expand the existing gold resource* Lavras do Discover new gold deposits – 24 targets Sul LDS Project Demonstrate Path to Production D
Slide 4: Creating Value Through Discovery and Exploration Success
Creating Value Through Discovery and Exploration Success Fazenda do Posto (FdP) Discovery – Kinross takes 5% in Intersects 1.4 g/t Au Intersects 1.0 g/t Au Nov 2023 Priv. Plcmt over 236m at Butiá over 371m at FdP Intersects 2.9 g/t Au Intersects 1.2 g/t Au Intersects 1.1 g/t Au over 59m at FdP over
Slide 5: Tightly Held with Strong Shareholder Support
Tightly Held with Strong Shareholder Support TSX-V LGC Share price (Nov 28, 2025) C$3.52 Shares outstanding 58,418,883 Insiders (Board and 32% management) Stock Options outstanding 5,622,250 Institutional 33% Deferred Share Units (DSU) 144,681 Market Capitalization (Nov 28, 2025) C$205 million Cash
Slide 6: Project Derisking Supports Higher Valuation
Project Derisking Supports Higher Valuation Mkt Cap (C$) $1,290 $1,208 $929 $818 Avg: $612 $543 $494 $491 $434 $208 $161 $158 Collective G2 Rio2 Omai Heliostar Founders Goldquest Fuerte Orvana Lavras Tesoro 0.68x 0.56x 0.45x 0.41x Avg: 0.39x 0.39x P/NAV 0.23x 0.23x 0.20x - - - Rio2 G2 Collective Hel
Slide 7: Leadership Team
Leadership Team Grounded in the Mineral Resource Sector BOARD OF DIRECTORS HEMDAT SAWH MIKE MUTCHLER Interim CEO and CFO Interim COO ROLLY ULOTH Chairman (4%) Long history of project management & business Previously CFO at Amarillo Gold, Wesdome Gold Mines, turnaround in Canada & Latin America inclu
Slide 8: LDS Project: 4.5 Hours on a Paved Road from Porto Alegre
LDS Project: 4.5 Hours on a Paved Road from Porto Alegre Rio de Janeiro Sao Paulo EXCELLENT MOST OF OUR INFRASTRUCTURE: tarmac roads, TEAM lives in or near the power, water, etc. town of Lavras do Sul TSX-V LGC OTC LGCFF 8
Slide 9: The Town of Lavras Do Sul
The Town of Lavras Do Sul Argentina Rio Grande do Sul State Lavras do Sul Brazil Uruguay TSX-V LGC OTC LGCFF 9
Slide 10: Exploration
EXPLORATION
Slide 11: LDS – Many Gold Exploration Targets
LDS – Many Gold Exploration Targets Hundreds of old workings defined by old pits, adits, trenches date back to the late 1700s. At least 24 significant gold occurrence defined throughout LDS intrusive complex Three large kilometre- scale gold in soil anomalies defined in the Western, Southern and Eas
Slide 12: Multiple Deposits & Discoveries within the Lavras Intrusive Complex – Large Mineral System, Complex Geology
Multiple Deposits & Discoveries within the Lavras Intrusive Complex – Large Mineral System, Complex Geology WEST EAST Consolidated land package with historical workings that date to the 1700s Mineral rights covering approximately 23,000 hectares Various styles of mineralization across the intrusive
Slide 13: Multiple Deposits & Discoveries within the Lavras Intrusive Complex – Large Mineral System
Multiple Deposits & Discoveries within the Lavras Intrusive Complex – Large Mineral System Multiple targets identified through historical workings, mapping, geochemistry and drilling 10,000m (~40 holes) of drilling planned for 2026 using 1 drill; could expand to more than 1 drill Drilling targets –
Slide 14: Multiple Deposits, Discoveries & Targets = Geological Variability & Mining Flexibility
Multiple Deposits, Discoveries & Targets = Geological Variability & Mining Flexibility Formal Mineral Target Stage Resource/Highlight Resources defined at Butiá & Cerrito WEST +40,000 metres drilled Butiá Deposit Resource*: M&I = 378,000 ozs, Inf = 115,000 ozs of gold, ongoing drilling by Lavras Gol
Slide 15: Fazenda do Posto & Butiá
Fazenda do Posto & Butiá Summary of Drilling Completed to Date – (we plan to expand out over the entire district) Combined drilling at Butiá and Fazenda do Zeca Souza Posto concessions totals 58,230 metres in 209 drill holes Butiá holes drilled before 2022 Galvao • 78 holes totaling 20,200 metres Fa
Slide 16: Butiá Drilling Improving Mineralized Footprint
Butiá Drilling Improving Mineralized Footprint Long-Section Looking Northeast – 2023 and 2024 Butiá Drillholes Relative to Resource Categories Highlights: Core of mineralization - 125 25BT062 - 228.0 metres grading 1.1 g/t gold from metre strike length to depth 115 metres, including: of 200 metres s
Slide 17: Fazenda do Posto: Blind Gold Discovery
Fazenda do Posto: Blind Gold Discovery 150 Metres to the West of Butiá Discovery Hole, Scissor Hole, High-grade at Depth Discovery hole 23FP002 drilled 150 metres west of Butiá - 340m grading 1.1 g/t gold, including 160 m of 1.8 g/t gold & other higher-grade intervals Fazenda do Posto in episyenite
Slide 18: Fazenda do Posto: Demonstrating Long Intervals of Continuous Mineralization & Alteration
Fazenda do Posto: Demonstrating Long Intervals of Continuous Mineralization & Alteration Drilling to date has defined: 200 metres of lateral extent 400 metres depth NW Plunging Irregular Pipe-like Structure …and continues to be open SALMON: ALTERED GRANODIORITE Cross section: Fazenda do Posto lookin
Slide 19: Fazenda do Posto & Butiá
Fazenda do Posto & Butiá Plan View Butiá Gold MI&I Resource Shell and Fazenda do Posto – 0.25 g/t Au Cut Off Implicit Grade Shell Successfully expanding mineralized footprint at Butiá and increasing mineralized zone at Fazenda do Posto Mineralized footprint found over 700 metres northwest-southeast
Slide 20: Butiá and Fazenda do Posto Drilling Expanding Gold Footprint
Butiá and Fazenda do Posto Drilling Expanding Gold Footprint Oblique-Section Looking Northeast – 2023 to 2025 Butiá and FP Drillholes Relative to 2022 Butia Resource Categories Highlights: Butiá Deposit- defined by 37,870 metres of drilling to date in 143 drill holes Converting Inferred Resources in
Slide 21: Fazenda do Posto and Butiá: Very Strong Metasomatic Process
Fazenda do Posto and Butiá : Very Strong Metasomatic Process (Chemical Alteration Process) – from fresh granodiorite through episyenite to perthite Unaltered granodiorite Original fresh granodiorite with micofracture showing incipient metasomatism Moderate to strongly altered granodiorite: Salmon pi
Slide 22: LDS is a Unique System: Remnants of a Volcanic Complex
LDS is a Unique System: Remnants of a Volcanic Complex Current thinking suggests that LDS is an intrusive hosted alkaline gold-copper system with epithermal and magmatic characteristics First time modern exploration methods have been applied to consolidated land package Following up on encouraging h
Slide 23: Project Development
PROJECT DEVELOPMENT
Slide 24: Standard Permitting Process Timeline
Standard Permitting Process Timeline
Slide 25: Timeline
Timeline Aug/25 Jan/26 Apr/26 Jul/26 Oct/26 • Start of activities: • Start of activities: • Socioeconomic • Final Definition • EIA/RIMA DBO, HAR, MDGEO Engineering Diagnosis ADA, AID, AII Submission • Physical Environment Report 2025 2026 Oct/25 Mar/26 May/26 Ago/26 • Start of activities: • Socioeco
Slide 26: Project Status
Project Status Concluded Ongoing Next Steps ▪ DBO: ▪ Integratio field work - ▪ Sharing of geology • 1st Flora Campaign. Perception survey and information expected until Communication with the middle of November. Quilombolas Communities. ▪ Sign Contract with ▪ MDGEO’s first campaign to engineering co
Slide 27: Next Steps: Metallurgical Program in Progress for Butiá & Fazenda do Posto
Next Steps: Metallurgical Program in Progress for Butiá & Fazenda do Posto Highlights: Metallurgical Tests being completed at SGS Labs, Belo Horizonte Comprehensive metallurgical test program started in September 2024 5 samples of 150 kilograms each were composited by taking samples from drill core
Slide 28: Social Programs Fostering Relationships with our Local Stakeholders in Lavras do Sul
Social Programs Fostering Relationships with our Local Stakeholders in Lavras do Sul ROTA DO OURO: Gold trail with five stations that underscores importance of gold mining to the PROJETO VIVER: A Community Initiative Rooted in development of the region. Participants receive a passport that is stampe
Slide 29: Mara Rosa Royalty: Strategic Asset for Potential for Near-term Value Creation
Mara Rosa Royalty: Strategic Asset for Potential for Near-term Value Creation for Lavras Gold Lavras Gold has a 2% NSR royalty on Hochschild’s exploration concessions totaling 65,000 hectares at Mara Rosa Mine in central Brazil Hochschild spent US$205 million to build the Mara Rosa Gold Mine – comme
Slide 30: Mara Rosa Royalty: Strategic Asset for Potential for Near-term Value Creation
Mara Rosa Royalty: Strategic Asset for Potential for Near-term Value Creation for Lavras Gold Pastinho – 2021 discovery made by Lavras Gold’s predecessor company Located 3.5 km north of producing Posse Pit Mineralization found over a strike length of 1,700 metres to a depth of 200 metres Style of mi
Slide 31: Summary: Two Active Drill Rigs
Summary: Two Active Drill Rigs Exploration and development • Drill priority exploration targets – 10k meters - – Zeca Souza/Caneleira/Galvao, Maria Hildara, Matilde, Aurora, Dourada • Potential for multi-million gold inventory on LDS Project on currently identified 24 targets • 10k meters Infill/ext
Slide 32: Contact us
TSX-V LGC OTCQX LGCFF Follow @LavrasGold on LinkedIn, X, YouTube & Instagram Contact us investor@lavrasgold.com +1-289 624 1377 www.lavrasgold.com
Slide 33: Appendix
APPENDIX
Slide 34: Butiá & Cerrito Mineral Resource Estimates
Butiá & Cerrito Mineral Resource Estimates Butiá RESOURCE TONNES GRADE CONTAINED GOLD Notes CATEGORY (MM) (g/t gold) (ounces) • Mineral resources are not mineral reserves and do not have demonstrated economic viability. There is no certainty that all or any part of the mineral resources estimated wi
Slide 35: Butiá is our Most Advanced Gold Deposit to Date
Butiá is our Most Advanced Gold Deposit to Date: Open to Expansion and Adjacent to Fazenda do Posto Discovery RESOURCE TONNES GRADE CONTAINED GOLD CATEGORY (MM) (g/t gold) (ounces) Measured 4.6 0.88 132,000 Indicated 8.3 0.92 246,000 Total 12.9 0.91 377,000 Inferred 3.7 0.97 115,000 Notes • Assumes
Slide 36: Cerrito Gold Deposit: Gold Resource Open at Depth and Along Strike
Cerrito Gold Deposit: Gold Resource Open at Depth and Along Strike Drilled 15,000 metres over 93 drill holes Strike length of 1,300 metres, vertical distance of 425 metres Gold occurs along sheeted structures within hydrothermally altered monzogranites Typical mineral associations include quartz-flo
Slide 37: Olaria – Lavras Gold's Newest Discovery, 3km north of Butiá
Olaria – Lavras Gold’s Newest Discovery, 3km north of Butiá Cross Section View Looking Northeast of Olaria Drillholes (Inset Map is Plan View) Showing Composites Gold Results Discovery December 2024 56.0 metres of continuous gold mineralization grading 1.0 g/t gold from 152.0 metres down the drill c
Slide 38: Vila Marieta Gold Discovery: Potential Southwest Surface Extension of Cerrito
Vila Marieta Gold Discovery: Potential Southwest Surface Extension of Cerrito Average gold grade from surface mineralization in drillhole 23VM001 is 1.3 g/t gold, 85% higher than average gold grade at Cerrito Cerrito Vila Marieta claim block is immediately south of Cerrito 2 holes totalled 521 metre
Slide 39: Vila Marieta Discovery: Good Grade, Good Width & Long Intervals
Vila Marieta Discovery: Good Grade, Good Width & Long Intervals Highlights of drilling include: Significant surface mineralization of 28 metres at 1.3 gold from surface including • 4 metres at 2.4 g/t gold from 7 metres • 5 metres at 2.5 g/t gold from 16 metres Long interval of 53 metres at 0.7 gold
Slide 40: Zeca Souza Discovery: Visible Gold with Bonanza Grades, Possibly Connected to Caneleira
Zeca Souza Discovery: Visible Gold with Bonanza Grades, Possibly Connected to Caneleira Visible Gold with Bonanza Grades Discovered in 5 Holes Zeca Souza 21 holes totaling 5,291 metres drilled to a vertical distance of ~375 metres Gold discovered in all 21 holes; five returned visible gold with bona
Slide 41: Zeca Souza Discovery: 5 of 21 Holes Returned Visible Gold with Bonanza Grades
Zeca Souza Discovery: 5 of 21 Holes Returned Visible Gold with Bonanza Grades Highlights of drilling include: Visible gold in holes • 22ZS011 – 15 metres at 5.8 g/t gold • 22ZS014 – 0.8 metres at 43.5 g/t gold from 170.2 metres 22ZS_011 Visible gold in silicified • 23BT004 – 4 metres at 43.6 g/t gol
Slide 42: Galvão Gold Discovery: Potential Southern Extension of Zeca Souza
Galvão Gold Discovery: Potential Southern Extension of Zeca Souza Results demonstrate high grade nature & vertical potential of mineral system at Zeca Souza depth Galvão Galvao is immediately south of Zeca Souza Gold Discovery and approximately 1.4 kilometres north of Butiá 2 holes totalled 1,073 me
Slide 43: Galvão Discovery: Long Intervals Accentuated by Higher Bonanza Grade Intervals
Galvão Discovery: Long Intervals Accentuated by Higher Bonanza Grade Intervals Highlights of drilling include: Long intervals with bonanza grade subintervals in some cases 10 metres at 4.6 g/t gold from 532 metres (vertical depth of 461 metres) including • 3 metres at 11.7 g/t gold from 532 metres i
Slide 44: Matilde & Matilde Extension: Connected Discoveries?
Matilde & Matilde Extension: Connected Discoveries? Matilde Extension Matilde Plan map of Matilde and Matilde Extension gold discovery showing location of drill holes relative to magnetic anomaly. TSX-V LGC OTC LGCFF 44
Slide 45: Matilde Discovery: Mineralization Found in 30 of 33 Holes Drilled to Date
Matilde Discovery: Mineralization Found in 30 of 33 Holes Drilled to Date Confirmed gold mineralization at Matilde across at least 250 metre strike length and to minimum vertical depth of 483 metres Tested portion of a coincident 3 km long east-west gold in soil anomaly and magnetic low structure Re
Slide 46: Matilde: Continuity Along Strike & at Depth High Grade Pockets Associated with Visible Gold
Matilde: Continuity Along Strike & at Depth High Grade Pockets Associated with Visible Gold Interpreted to be a steeply north dipping structural corridor striking in an east-west direction 20MT001 – 62.5 metres grading 0.6 g/t gold from 189.7 metres including • 12.8 metres grading 0.9 g/t gold from
Slide 47: Matilde Gold Deposit: Visible Gold & Potassic Style of Alteration Developing at Depth
Matilde Gold Deposit: Visible Gold & Potassic Style of Alteration Developing at Depth 20MT001 20MT002 22MT034 Gold typically occurs with pyrite that is Visible gold associated with a quartz Visible gold in milky quartz veinlet cross-cuts found in a matrix of silica and sericite carbonate veinlet and
Slide 48: Matilde Extension: High Grade Gold, Silver & Copper
Matilde Extension: High Grade Gold, Silver & Copper 10.00 metres grading 13.2 g/t gold, 23.0 g/t silver, and 0.22% copper A northeast metal zonation vector from low- temperature iron rich pyrite to higher temperature copper rich chalcopyrite/bornite seems to be developing when moving from Matilde to
Slide 49: Matilde Extension Discovery: Gold Mineralization Found in All 7 Holes
Matilde Extension Discovery: Gold Mineralization Found in All 7 Holes Three of seven holes drilled returned high copper grades that correlate to very high gold & silver grades Matilde Extension is 675 metres northeast of Matilde Extension Matilde gold deposit Blind discovery made by drill-testing a
Slide 50: Matilde Extension: Alteration & Mineralization Over 200 Vertical Metres
Matilde Extension: Alteration & Mineralization Over 200 Vertical Metres DEEP SHALLOW Strongly altered rocks Weakly altered rocks 303 metres 296 metres 295 metres 268 metres 176 metres 92 metres vertical vertical vertical vertical vertical vertical 21MT020 22MT038 22MT038 22MT030 22MT029 22MT038 13.2