Lavras Gold Corp. Intersects 1.8 g/t Gold over 123 Metres at Butiá Gold Deposit, LDS Project, Southern Brazil & Provides an Exploration Update

About this update from Lavras Gold Corp

Drilling intersection includes 4.1 g/t gold over 21 meters, including 8.5 g/t gold over 1 metre Toronto, Ontario--(Newsfile Corp. - March 3, 2025) - Lavras Gold Corp. (TSXV: LGC) (OTCQX: LGCFF) (" Lavras Gold " or the " Compan y") is pleased to release the results from 18 new drill holes testing the Butiá Gold Deposit ("Butiá" or "Butiá Gold Deposit"), located at the western edge of the LDS Project in southern Brazil. Gold mineralization was intersected in all 18 holes reported in this news release at Butiá, which hosts a Mineral Resource Estimate of 377,000 ounces of gold in the Measured and Indicated categories and 115,000 ounces of gold in the Inferred category. Several of these 18 new holes returned more than 100 metres of continuous gold mineralization characterized by higher-grade subintervals. Several holes were designed to increase the confidence in the Butiá gold resource (converting the Inferred Resource into the Measured & Indicated categories) and others to potentially increase the gold endowment as explained below. The Company has engaged SGS Laboratory in Belo Horizonte, Brazil to complete a comprehensive metallurgical test program for Butiá mineralization with testwork currently underway. These new drill results and initiatives continue to move Lavras Gold toward its short-term corporate goal of defining an economically feasible gold resource on the LDS Project, focused on the Butiá Gold Deposit and the adjacent Fazenda do Posto gold target. HIGHLIGHTS Drilling Hole 24BT034 returned: 123.0 metres grading 1.8 g/t gold from 69.0 metres, and including: 21.0 metres grading 4.1 g/t gold from 137.0 metres, and including 1.0 metres grading 6.8 g/t gold from 137.0.0 metres, 1.0 metres grading 8.5 g/t gold from 154.0 metres. 2.0 metres grading 5.3 g/t gold from 174.0 metres, and including 1.0 metres grading 5.9 g/t gold from 174.0 metres. Hole 24BT036 intersected: 191.0 metres grading 1.0 g/t gold from 50.0 metres and including: 2.0 metres grading 2.1 g/t gold from 57.0 m 50.0 metres grading 2.2 g/t gold from 70.0.0 metres, and including : 26.0 metres grading 3.8 g/t gold from 90.0 metres, and including 1.0 metres grading 37.2 g/t gold from 110.0 metres, 15.0 metres grading 1.3 g/t gold from 164.0 metres, 3.0 metres grading 1.3 g/t gold from 191.0 metres, 11.0 metres grading 1.3 g/t gold from 210.0 metres. "In addition to making new discoveries in this highly prospective gold district, our short-term goal remains the delineation of an economically feasible gold mine on the LDS Project. The results from this new round of drilling are critical to our understanding of the Butiá Gold Deposit and the northeast/southwest trending structures that play a significant role in the pattern and nature of mineralization at Butiá and, ultimately, the 'mineability' of the deposit," commented Lavras Gold President & CEO Michael Durose. "The new drilling results continue to demonstrate the excellent near-surface gold grade and continuity of the Butiá Gold Deposit. Long continuous intervals of gold mineralization over more than 100 metres typically with higher-grade subintervals and beginning at or near surface confirm the bulk-tonnage nature of Butiá. This drilling has also significantly increased our depth of understanding of the geological controls to mineralization. Part of the on-going drilling program at Butiá is testing the potential for extensions to mineralization based on our increasingly more detailed and evolving geological model. We have also initiated a detailed metallurgical testing program for Butiá as part of the overall derisking strategy for the project. "An update of drilling results for Fazenda do Posto target is expected as soon as final assay results are received and the geological interpretation is completed. Drilling is on-going in this area as well as to the north on the Caneleira Concession, where we made our most recent discovery, Olaria." [* Footnote: Butiá hosts an Estimated Mineral Resource of 377,000 ounces of gold in the Measured and Indicated categories and 115,000 ounces of gold in the Inferred category as detailed in the technical report (the "Butiá Technical Report") titled "NI 43-101 Technical Report Mineral Resource for the Butiá Gold Prospect Rio Grande do Sul, Brasil", amended as of November 15, 2024, and originally dated March 21, 2022, with an effective date of January 25, 2022 and prepared for the Corporation by VMG Consultoria e Soluções Ltda, and co-authored by Volodymyr Myadzel, MAIG, as the qualified person responsible for the entire Butiá Technical Report, and Michael C. Durose, P. Geo., and Frank Richard Baker, MIMMM, MAusIMM.] Discussion of Drill Results - Butiá Deposit Butiá is the most advanced gold deposit on the LDS Project consisting of the mineral resource as stated above*, located 150 metres east of the recent Fazenda do Posto gold discovery. The purpose of the current drilling program at Butiá is to increase the geological confidence of the existing gold resource by converting a significant portion of inferred geological resources into the measured and indicated categories and to increase the gold endowment of the existing gold resource. Recent drilling results from Butiá were disclosed in the news release dated June 25, 2024 . To date, results from 33 Lavras Gold drill holes totaling 9,346 metres of drilling have been disclosed based on the 2023 and 2024 drilling program. This total includes the 18 holes disclosed in this news release (24BT024 to 24BT041). More than 30,000 metres of drilling have been completed at Butiá to date, including historical drilling prior to 2023. Figure 1 is a general location map for the LDS Project deposits and targets. Details of the locations of the new drill holes can be found in the plan view in Figure 2. A long section looking northeast is shown in Figure 3. Table 1 details all assay results including newly disclosed results in this press release. Table 2 tabulates drill hole information including collar coordinates, drill hole azimuth and drill hole depths. A primary purpose of the recent drilling was to test the lateral continuity of gold mineralization across a postulated northeast trending structural corridor. Many of the holes were drilled with an azimuth oriented 110 degrees and/or 290 degrees. As shown in Figure 2 and summarized in Table 1 , these holes include 24BT034, 24BT036, 24BT037, 24BT039 and 24BT040 and 24BT041. These holes confirm continuous gold mineralization across a northeast trending structure. Gold grades generally increase towards the northwest where sulphide-bearing episyenite is found. Continuous, moderate grade gold is found in the southeast in areas typically associated with mineralized perthitic granite. Drill holes 24BT034 and 24BT036 confirm good continuous higher grade gold mineralization between vertical holes 23BT016, 23BT019, 24BT023, and 23BT024 that were drilled across a northwest trend and defining continuous gold mineralization from surface to depths of more than 200 metres (see press release June 2024 ). Detailed gold assay results by drill hole are summarized in Table 1 . The 18 new holes disclosed in this press release are from 24BT024 to 24BT041 . Some highlights of the recent drilling results include: Drill hole 24BT034 was collared 110 metres northwest of drillhole 23BT019 in the north-central portion of the Butiá gold deposit (see Figure 2 ). The hole was drilled on an azimuth of 110 degrees and inclined 60 degrees. The hole was designed to test the lateral continuity of higher-grade mineralization encountered in vertical hole 23BT019 that returned 236.0 metres grading 1.40 g/t gold from surface (see Figure 3 ). A long interval of continuous bulk-tonnage disseminated gold mineralization was encountered from 69.0 meters to a depth of 192.0 metres within mineralized episyenite with minor subintervals of perthitic granite as detailed below. Intersected 123.0 metres grading 1.8 g/t gold from 69.0 metres, and including: 21.0 metres grading 4.1 g/t gold from 137.0 metres , and including 1.0 metres grading 6.8 g/t gold from 137.0 metres, and including 1.0 metres grading 7.1 g/t gold from 153.0 metres, 2.0 metres grading 5.3 g/t gold from 174.0 m, 1.0 metres grading 5.9 g/t gold from 174.0 metres Drill hole 24BT034 confirms continuous gold mineralization across an interpreted northeast trending structure. Significantly, a 21.0 metre subinterval of high-grade gold grading 4.1 g/t gold was encountered in sulphide-bearing episyenite. Several local high-grade intervals of gold ranging from 5.3 g/t gold to 7.1 g/t gold were also found. Drill hole 24BT036 was collared 140 metres northwest of drillhole 23BT016 and 23BT018 in the central-west portion of the Butiá gold deposit and drilled on an azimuth of 110 degrees and inclined 60 degrees (see Figure 2 & Figure 3 ). The purpose of this hole was to better understand the nature, grade and continuity of gold mineralization in this portion of the deposit across an interpreted northeast trending structure. Continuous gold mineralization was encountered over long intervals in episyenite and mineralized perthitic granite. Higher-grade subintervals have been observed typically within zones of episyenite hosting pyrite and arsenian pyrite. Cross-cutting chlorite quartz-carbonate sulphide veins with visible gold have also been observed ( Figure 4 ). A summary of assay composites is as follows: Returned 272.0 meters grading 0.80 g/t gold from surface and including: 191.0 metres grading 1.0 g/t gold from 50.0 metres and including: 2.0 metres grading 2.1 g/t gold from 57.0 m 50.0 metres grading 2.2 g/t gold from 70.0.0 metres , and including: 26.0 metres grading 3.8 g/t gold from 26.0 metres , and including 1.0 metres grading 37.2 g/t gold from 110.0m 15.0 metres grading 1.3 g/t gold from 164.0 metres, 3.0 metres grading 1.3 g/t gold from 191.0 metres, 11.0 metres grading 1.3 g/t gold from 210.0 metres. Hole 24BT036 provides a good indication of long continuous gold mineralization laterally to depths of more than 200 metres, and laterally across a northwest-southeast direction. Drillhole 24BT040 was collared 70 metres southeast of drill hole 24BT036 in the central portion of Butiá. The hole was drilled on an azimuth of 110 degrees and inclined 60 degrees (see Figure 2 & Figure 3 ). Continuous gold mineralization was encountered from surface in mineralized episyenite and perthitic granite as highlighted below: 181.0 m grading 0.7 g/t gold from surface and including: 5.0 m grading 1.0 g/t gold from 34.0m 4.0 m grading 2.0 g/t gold from 48.0 m 3.0 m grading 2.1 g/t gold from 55.0 m 6.0 m grading 1.8 g/t gold from 60.0 m 8.0 m grading 2.0 g/t gold from 66.0 m 4.0 m grading 1.4 g/t gold from 84.0 m 3.0 m grading 2.8 g/t gold from 100.0 m 2.0 m grading 1.5 g/t gold from 112.0 m 3.0 m grading 1.0 g/t gold from 156.0 m 1.0 m grading 1.5 g/t gold from 173.0 m Please refer to Table 1 for more details. Drill hole 24BT026 was positioned in the east-central portion of the Butiá gold deposit, 140 metres east of vertical drill hole 23BT019. Drill hole 23BT026 was drilled vertically (see Figure 2 & Figure 3 ). The purpose was to better grasp the nature of the geology and extent of gold mineralization vertically in this portion of the deposit. Multiple long intervals of gold mineralization consisting mainly of disseminated pyrite +- arsenian pyrite within episyenite and perthitic granite occurred from 119.0 metres to a depth of 491.0 metres . Numerous mineralized intervals were encountered. Highlights are shown below. Refer to Table 1 for more detail: 28.0 metres grading 1.4 g/t gold from 167.0 metres and including: 10.0 metres grading 3.5 g/t gold from 167.0 metres and including 1.0 metres grading 30.6 g/t gold from 169.0 metres 14.0 metres grading 0.8 g/t gold from 391.0 metres and including 6.0 metres grading 1.7 g/t gold from 391.0 metres and including 1.0 metre grading 2.6 g/t gold from 393.0 metres and including 1.0 metre grading 5.5 g/t gold from 395.0 m 10.0 metres grading 1.4 g/t gold from 436.0 m and including: 2.0 metres grading 5.7 g/t gold from 439.0 m and including 1.0 metre grading 8.9 g/t gold from 439.0 m and including Hole 24BT026 was successful in demonstrating the depth potential of mineralization at Butiá. Drill hole 24BT037 was collared 70 metres southwest of drill hole 24BT040 and drilled on an azimuth of 110 degrees and inclined 60 degrees (see Figure 2 and Figure 3 ). The purpose was to test the southwestern extension of the deposit. Multiple closely spaced zones of gold mineralization were encountered throughout the hole beginning from 32.0 metres to 331.0 metres. Highlights are as follows: 1.0 metre grading 3.5 g/t gold from 51.0 metres 5.0 metres grading 11.7 g/t gold from 66.0 metres and including 1.0 metre grading 56.9 g/t gold from 67.0 metres 13.0 metres grading 0.5 g/t gold from 78.0 metres including 1.0 metre grading 2.9 g/t gold from, 82.0 metres 11.0 metres grading 1.1 g/t gold from 204.0 metres including 1.0 metre grading 1.7 g/t gold from 204.0 metres and 1.0 metre grading 2.1 g/t gold from 207.0 metres and 1.0 metre grading 1.4 g/t gold from 210.00 metres and 1.0 metre grading 1.3 g/t gold from 212.0 metres and 1.0 metre grading 1.8 g/t gold from 213.0 metres 31.0 metres grading 1.1 g/t gold from 242.0 metres and including 1.0 metres grading 3.9 g/t gold from 248.0 metres and 1.0 metre grading 7.4 g/t gold from 249.0 metres and 1.0 metre grading 5.1 g/t gold from 250.0 metres Drill hole 24BT038 was positioned along the southeastern edge of the Butiá gold deposit and drilled along an azimuth of 110 degrees at an inclined angle of 60 degrees. The hole encountered 55.0 metres of continuous gold mineralization grading 0.6 g/t gold from 100.0 metres , including several higher-grade subintervals including: 5.0 m grading 2.4 g/t gold from 100.0 metres 8.0 metres grading 1.1 g/t gold from 109.0 metres 2.0 metres grading 1.4 g/t gold from 129.0 metres 1.0 metres grading 1.3 g/t gold from 147.0 metres Hole 24BT038 was successful in extending the Butiá mineralized footprint to the southeast . Drill hole 24BT041 was collared in the southeast part of Butiá and drilled along an azimuth of 290 degrees at an inclined angle of 60 degrees. The hole encountered moderate disseminated gold near the top of the hole and better grades at depth. Gold mineralization is hosted within perthitic granite and episyenite. Highlights are detailed below: 2.0 metres grading 0.6 g/t gold from 187.0 metres 1.0 metres grading 0.6 g/t gold from 191.0 metres 4.0 metres grading 0.9 g/t gold from 219.0 m including 1.0 metres grading 1.1 g/t gold from 221.0 metres and 1.0 metres grading 1.8 g/t gold from 222.0 metres 22.0 metres grading 1.2 g/t gold from 233.0 metres including 7.0 metres grading 1.3 g/t gold from 233.0 metres and 1.0 metre grading 1.8 g/t gold from 236.0 metres and 1.0 metre grading 2.3 g/t gold from 238.0 metres and 1.0 metre grading 2.1 g/t gold from 239.0 metres 5.0 metres grading 2.1 g/t gold from 246.0 metres including 1.0 metre grading 3.2 g/t gold from 249.0 metres and 1.0 metre grading 2.2 g/t gold from 250.0 metres 4.0 metres grading 1.0 g/t gold from 253.0 metres including 1.0 metres grading 1.7 g/t gold from 254.0 metres. Please refer to Table 1 for a complete list of all drill holes and detailed assay results. Table 1. Summary of Drill Hole Composites from the Butiá Gold Deposit Drill Hole From To Interval Gold grade Comment (metres) (metres) (metres) (grams/tonne) 23BT005 0.00 37.00 37.00 0.74 Episyenite/Perthitic Granite Including 4.00 23.00 19.00 1.17 Saprolite 97.00 99.00 2.00 0.32 Perthitic Granite 101.00 103.00 2.00 0.27 Perthitic Granite 23BT009 54.00 58.00 4.00 0.61 Episyenite 73.00 89.00 16.00 0.63 Episyenite including 74.00 81.00 7.00 1.14 Episyenite 121.00 186.00 65.00 0.51 Episyenite/Perthitic Granite 141.00 159.16 18.16 0.99 Episyenite including 127.00 131.00 4.00 0.80 Episyenite including 141.00 149.00 8.00 1.49 Episyenite including 142.00 145.00 3.00 2.10 Episyenite including 168.00 172.00 4.00 1.29 Perthitic Granite including 177.00 178.00 1.00 0.76 Perthitic Granite/Episyenite including 182.00 186.00 4.00 0.65 Episyenite/Perthitic Granite 208.00 220.00 12.00 0.89 Perthitic Granite including 208.00 210.00 2.00 1.22 Perthitic Granite including 214.00 219.00 5.00 1.50 Perthitic Granite 239.00 242.00 3.00 0.45 Perthitic Granite including 239.00 240.00 1.00 0.81 Perthitic Granite 23BT010 0.00 46.00 46.00 0.48 Episyenite/Perthitic Granite Including 0.00 9.00 9.00 1.15 Episyenite Including 17.00 19.00 2.00 1.18 Episyenite Including 40.00 42.00 2.00 0.58 Perthitic Granite Including 45.00 46.00 1.00 0.81 Perthitic Granite 61.00 63.00 2.00 0.44 Perthitic Granite 68.00 73.00 5.00 0.30 Perthitic Granite 96.00 100.00 4.00 0.46 Perthitic Granite including 96.00 97.00 1.00 1.23 Perthitic Granite 110.00 111.00 1.00 0.51 Episyenite 23BT011 12.00 22.00 10.00 0.76 Perthitic Granite including 13.00 15.00 2.00 2.64 Perthitic Granite 23BT012 67.00 74.00 7.00 0.51 Episyenite 136.00 246.00 110.00 0.71 Episyenite Including 142.00 147.00 5.00 1.27 Episyenite Including 142.00 144.00 2.00 2.68 Episyenite Including 154.00 174.00 20.00 1.59 Episyenite Including 154.00 157.00 3.00 4.20 Episyenite Including 163.00 166.00 3.00 6.06 Episyenite Including 179.00 182.00 3.00 2.77 Episyenite Including 191.00 193.00 2.00 4.08 Episyenite Including 205.00 206.00 1.00 0.90 Episyenite Including 218.00 220.69 2.69 1.12 Episyenite Including 227.00 229.00 2.00 0.83 Episyenite Including 231.50 233.51 2.01 0.80 Episyenite Including 240.18 242.02 1.84 1.27 Episyenite Including 243.30 244.00 0.70 1.11 Episyenite 253.53 255.37 1.84 1.59 Perthitic Granite 313.00 332.00 19.00 0.60 Perthitic Granite Including 325.00 327.00 2.00 1.73 Perthitic Granite Including 329.00 331.00 2.00 1.43 Perthitic Granite 23BT013 4.00 5.00 1.00 0.44 Perthitic granite 15.00 19.00 4.00 0.30 Perthitic granite 53.00 55.00 2.00 0.35 Perthitic granite 56.00 57.00 1.00 0.26 Perthitic granite 61.00 62.00 1.00 0.44 Perthitic granite 71.00 72.00 1.00 0.60 Perthitic granite 107.00 109.00 2.00 0.34 Perthitic granite 119.00 192.00 73.00 0.74 Episyenite including 136.00 171.00 35.00 1.18 Episyenite including 136.00 139.00 3.00 1.00 Episyenite including 146.00 158.00 12.00 1.54 Episyenite including 146.00 149.00 3.00 2.21 Episyenite 200.00 201.00 1.00 0.91 Episyenite 202.00 203.00 1.00 0.32 Episyenite 207.00 210.00 3.00 0.59 Episyenite 215.00 217.00 2.00 0.34 Episyenite 218.00 221.00 3.00 1.88 Perthitic granite 225.00 228.00 3.00 0.46 Perthitic granite 231.00 233.00 2.00 0.40 Perthitic granite 236.00 237.00 1.00 0.25 Perthitic granite 245.00 246.00 1.00 0.25 Perthitic granite 248.00 249.00 1.00 0.34 Perthitic granite 257.00 258.00 1.00 0.35 Perthitic granite 23BT014 43.00 47.00 4.00 0.45 Perthitic granite 84.00 85.00 1.00 0.32 Perthitic granite 182.62 185.00 2.38 0.72 Perthitic granite 215.00 216.00 1.00 0.36 Perthitic granite 250.00 260.00 10.00 1.45 Episyenite, vg, gln 23BT015 161.33 162.45 1.12 0.27 Perthitic Granite 182.00 184.00 2.00 0.29 Perthitic Granite 242.00 243.00 1.00 0.24 Perthitic Granite 269.00 274.00 5.00 0.62 Perthitic Granite including 272.00 273.00 1.00 1.73 Perthitic Granite 23BT016 0.00 160.00 160.00 1.04 Episyenite including 0.00 109.00 109.00 1.36 Episyenite including 25.00 54.00 29.00 2.90 Episyenite including 29.00 34.00 5.00 4.65 Episyenite including 30.00 48.00 18.00 3.22 Episyenite 183.00 187.00 4.00 0.34 208.00 224.00 16.00 1.03 Episyenite including 208.00 214.00 6.00 2.06 Episyenite 256.00 257.00 1.00 0.25 Episyenite 263.00 264.00 1.00 0.29 Episyenite 266.00 267.00 1.00 0.28 Episyenite 270.00 287.00 17.00 0.43 Episyenite 292.00 293.00 1.00 0.28 Episyenite 316.00 323.00 7.00 0.35 Episyenite 23BT017 80.00 133.00 53.00 0.54 including 107.00 115.00 8.00 0.99 Episyenite including 119.00 124.00 5.00 1.48 Episyenite including 130.00 132.00 2.00 2.53 Episyenite 23BT018 0.00 221.00 221.00 0.81 Episyenite +/- PG including 0.00 130.00 130.00 1.15 Episyenite +/- PG including 32.00 42.00 10.00 1.60 Episyenite including 47.00 57.00 10.00 1.42 Episyenite including 117.00 125.00 8.00 3.53 Episyenite +/- PG 23BT019 0.00 236.00 236.00 1.35 Episyenite +/- PG including 1.00 2.00 1.00 1.57 Saprolite including 37.00 236.00 199.00 1.56 Episyenite +/- PG including 75.00 149.00 74.00 2.45 Episyenite +/- PG including 83.31 84.00 0.69 44.40 Visible gold in QV including 94.00 95.00 1.00 48.30 Visible gold in QV including 161.00 176.00 15.00 2.09 Episyenite +/- PG including 185.00 187.86 2.86 3.66 Episyenite including 195.00 215.00 20.00 2.35 Episyenite +/- PG 24BT020 71.00 72.00 1.00 1.18 PG 24BT021 0.00 3.00 3.00 0.63 Saprolite 22.00 99.00 77.00 0.37 PG +/- Episyenite including 22.00 25.00 3.00 0.59 PG including 22.00 23.00 1.00 1.25 PG including 59.00 99.00 40.00 0.55 PG +/- Episyenite including 59.00 60.00 1.00 0.54 PG including 66.00 67.00 1.00 1.04 Metasomatite including 72.00 96.00 24.00 0.69 PG 108.00 110.00 2.00 0.25 PG 24BT022 34.00 39.00 5.00 0.23 PG including 34.00 35.00 1.00 0.69 PG including 38.00 39.00 1.00 0.32 PG 24BT023 0.00 228.00 228.00 1.03 Episyenite +/- PG including 35.00 135.00 100.00 1.64 Episyenite including 72.00 228.00 156.00 1.30 Episyenite +/- PG Including 72.00 213.00 141.00 1.37 Episyenite +/- PG including 72.00 170.00 98.00 1.71 Episyenite +/- PG including 72.00 132.00 60.00 2.31 Episyenite +/- PG including 72.00 92.00 20.00 2.58 Episyenite including 72.00 77.00 5.00 3.25 Episyenite including 77.00 82.00 5.00 3.15 Episyenite including 87.00 92.00 5.00 3.00 Episyenite 24BT024 0.00 1.00 1.00 0.65 Soil 6.00 7.00 1.00 0.34 Saprolite 24.00 30.00 6.00 0.33 Perthitic Granite 32.00 33.00 1.00 0.25 Perthitic Granite 45.00 51.00 6.00 3.89 Episyenite including 47.00 48.00 1.00 2.87 Episyenite including 48.00 49.00 1.00 19.58 Episyenite 120.00 122.00 2.00 0.37 Perthitic Granite 139.00 173.00 34.00 0.28 Perthitic Granite including 157.00 158.00 1.00 0.54 Perthitic Granite including 163.00 164.00 1.00 1.10 Perthitic Granite including 170.00 173.00 3.00 0.68 Perthitic Granite 189.00 191.00 2.00 0.28 Perthitic Granite 220.00 224.00 4.00 0.78 Episyenite including 220.00 221.00 1.00 2.62 Episyenite 227.00 258.00 31.00 0.23 Episyenite including 228.00 236.00 8.00 0.35 Episyenite including 248.00 250.00 2.00 0.33 Episyenite including 253.00 254.00 1.00 0.67 Episyenite 266.00 278.00 12.00 0.32 Perthitic Granite 24BT025 0.00 59.00 59.00 0.39 Perthitic Granite including 5.00 6.00 1.00 0.30 Perthitic Granite including 10.00 12.00 2.00 0.64 Perthitic Granite including 16.00 17.00 1.00 0.37 Perthitic Granite including 19.00 20.11 1.11 0.38 Perthitic Granite including 23.00 25.00 2.00 0.44 Perthitic Granite including 32.00 33.00 1.00 0.25 Perthitic Granite including 41.00 58.00 17.00 0.89 Perthitic Granite and 46.00 52.00 6.00 1.62 Perthitic Granite and 46.00 47.00 1.00 4.03 Perthitic Granite and 50.00 51.00 1.00 3.51 Perthitic Granite and 57.00 58.00 1.00 1.82 Perthitic Granite including 83.00 99.00 16.00 0.43 Perthitic Granite and 88.00 89.00 1.00 1.87 Perthitic Granite and 91.00 92.00 1.00 1.00 Perthitic Granite including 139.00 140.00 1.00 0.23 Perthitic Granite including 167.00 173.00 6.00 0.26 Perthitic Granite 24BT026 96.00 97.00 1.00 0.45 Perthitic Granite 119.00 133.00 14.00 0.23 Perthitic Granite including 119.00 121.00 2.00 0.40 Perthitic Granite including 122.00 124.00 2.00 0.40 Perthitic Granite including 130.00 133.00 3.00 0.34 Perthitic Granite 149.00 150.00 1.00 0.64 Perthitic Granite 155.00 156.00 1.00 1.11 Perthitic Granite 160.00 161.00 1.00 0.28 Perthitic Granite 167.00 195.00 28.00 1.39 Episyenite/Perthitic Granite including 167.00 177.00 10.00 3.46 Episyenite/Perthitic Granite and 169.00 170.00 1.00 30.57 Episyenite/Perthitic Granite and 176.00 177.00 1.00 1.51 Episyenite/Perthitic Granite 203.00 227.00 24.00 0.30 Perthitic Granite including 205.00 207.00 2.00 1.64 Perthitic Granite including 212.00 217.00 5.00 0.36 Perthitic Granite 234.00 235.00 1.00 0.27 Perthitic Granite 239.00 249.00 10.00 0.32 Episyenite including 240.00 241.00 1.00 0.69 Episyenite including 243.00 244.00 1.00 0.70 Episyenite including 246.00 247.00 1.00 0.68 Episyenite 249.00 250.00 1.00 0.33 Episyenite 254.00 255.00 1.00 0.27 Episyenite 271.00 281.00 10.00 0.50 Episyenite including 272.00 274.00 2.00 1.48 Episyenite and 272.00 273.00 1.00 2.05 Episyenite 303.00 305.00 2.00 0.34 Perthitic Granite 381.00 384.00 3.00 0.25 Episyenite including 383.00 384.00 1.00 0.45 Episyenite 391.00 405.00 14.00 0.80 Episyenite including 391.00 397.00 6.00 1.66 Episyenite and 393.00 394.00 1.00 2.61 Episyenite and 395.00 396.00 1.00 5.45 Episyenite 412.00 414.00 2.00 0.29 Perthitic Granite 436.00 446.00 10.00 1.41 Episyenite including 439.00 441.00 2.00 5.72 Episyenite including 439.00 440.00 1.00 8.86 Episyenite 488.00 491.00 3.00 0.29 Perthitic Granite 24BT027 128.00 129.00 1.00 0.70 Perthitic Granite 146.00 148.00 2.00 0.90 Perthitic Granite including 147.00 148.00 1.00 1.59 Perthitic Granite 326.00 342.00 16.00 0.40 Episyenite including 332.00 339.00 7.00 0.56 Episyenite 333.00 334.00 1.00 0.82 Episyenite 337.00 338.00 1.00 0.84 Episyenite 24BT028 43.00 44.00 1.00 0.26 Perthitic Granite 98.00 100.00 2.00 0.23 Perthitic Granite 187.00 188.00 1.00 0.25 Perthitic Granite 24BT029 24.02 26.00 1.98 0.64 Perthitic Granite 24BT030 162.00 164.00 2.00 5.87 Monzogranite including 162.00 163.00 1.00 11.40 Monzogranite 280.00 281.00 1.00 3.22 Monzogranite 317.00 318.00 1.00 0.22 Monzogranite 24BT031 1.00 30.00 29.00 0.46 Episyenite including 15.00 17.00 2.00 0.73 Episyenite including 15.00 29.00 14.00 0.76 Episyenite and 21.00 25.00 4.00 0.92 Episyenite 34.00 70.00 36.00 0.15 Perthitic Granite including 34.00 35.00 1.00 0.46 Perthitic Granite 60.00 62.00 2.00 0.28 Perthitic Granite 63.00 64.00 1.00 0.24 Perthitic Granite 76.00 78.00 2.00 0.12 Perthitic Granite 93.00 95.00 2.00 0.19 Perthitic Granite 99.00 102.00 3.00 0.17 Perthitic Granite 108.00 109.00 1.00 0.32 Perthitic Granite 24BT032 195.00 228.00 33.00 0.23 Perthitic Granite/Episyenite including 213.00 215.00 2.00 0.61 Episyenite including 216.00 217.00 1.00 0.26 Episyenite including 220.00 221.00 1.00 0.27 Episyenite including 222.00 223.00 1.00 0.26 Episyenite including 223.00 224.00 1.00 1.57 Episyenite including 224.00 225.00 1.00 0.44 Episyenite including 227.00 228.00 1.00 0.26 Perthitic Granite 368.00 369.00 1.00 0.26 Episyenite 396.00 398.00 2.00 0.39 Episyenite 411.00 412.00 1.00 0.27 Episyenite 24BT033 2.00 31.29 29.29 0.71 Episyenite including 3.00 6.00 3.00 0.84 Episyenite and 4.00 5.00 1.00 1.21 Episyenite 15.00 16.00 1.00 0.77 Episyenite 24.00 30.00 6.00 2.15 Episyenite including 29.00 30.00 1.00 6.82 Episyenite 88.00 89.00 1.00 0.24 Perthitic Granite 100.00 106.00 6.00 0.13 Perthitic Granite 133.00 134.00 1.00 0.15 Perthitic Granite 24BT034 24.00 25.00 1.00 0.48 Perthitic Granite 60.00 62.00 2.00 0.26 Episyenite 69.00 192.00 123.00 1.76 Perthitic Granite/Episyenite including 101.00 102.00 1.00 3.97 Perthitic Granite including 118.00 120.00 2.00 3.62 Perthitic Granite including 123.00 124.00 1.00 3.75 Episyenite 137.00 158.00 21.00 4.06 Episyenite including 137.00 138.00 1.00 6.77 Episyenite including 142.00 143.00 1.00 4.24 Episyenite including 147.00 148.00 1.00 5.32 Episyenite including 148.00 149.00 1.00 3.64 Episyenite including 149.00 150.00 1.00 1.00 Episyenite including 150.00 151.00 1.00 2.61 Episyenite including 151.00 152.00 1.00 3.96 Episyenite including 152.00 153.00 1.00 4.26 Episyenite including 153.00 154.00 1.00 7.06 Episyenite including 154.00 155.00 1.00 8.47 Episyenite including 155.00 156.00 1.00 5.06 Episyenite including 156.00 157.00 1.00 5.85 Episyenite 165.00 168.00 3.00 4.82 Episyenite including 165.00 166.00 1.00 5.04 Episyenite including 166.00 167.00 1.00 5.46 Episyenite 174.00 176.00 2.00 5.31 Episyenite Including 174.00 175.00 1.00 5.89 Episyenite 180.00 181.00 1.00 4.43 Episyenite 206.00 207.00 1.00 4.99 Episyenite 227.00 229.00 2.00 0.28 Episyenite 275.00 281.00 6.00 0.25 Episyenite 287.00 288.00 1.00 0.32 Perthitic Granite 24BT035 7.00 15.00 8.00 0.30 Perthitic Granite 18.00 20.00 2.00 0.22 Perthitic Granite 23.00 24.00 1.00 0.40 Perthitic Granite 25.00 26.00 1.00 0.24 Perthitic Granite 92.00 104.00 12.00 0.27 Episyenite 109.00 110.00 1.00 0.28 Perthitic Granite 112.00 113.00 1.00 0.29 Perthitic Granite 24BT036 0.00 272.00 272.00 0.80 Perthitic Granite/Episyenite 6.00 7.00 1.00 0.27 Perthitic Granite 16.00 17.00 1.00 1.08 Perthitic Granite 23.00 27.00 4.00 0.39 Perthitic Granite 33.00 34.00 1.00 11.86 Perthitic Granite 50.00 51.00 1.00 0.33 Episyenite 57.00 59.00 2.00 2.06 Episyenite 64.00 65.00 1.00 1.17 Episyenite 65.00 90.00 25.00 0.54 Episyenite 90.00 91.00 1.00 1.09 Episyenite 90.00 116.00 26.00 3.75 Episyenite including 110.00 111.00 1.00 37.23 Episyenite including 114.00 115.00 1.00 11.40 Episyenite including 115.00 116.00 1.00 24.80 Episyenite 118.00 127.00 9.00 0.37 Episyenite 131.00 134.00 3.00 0.26 Episyenite 147.00 148.00 1.00 2.12 Episyenite 156.00 164.00 8.00 0.65 Episyenite 164.00 179.00 15.00 1.32 Episyenite including 170.00 171.00 1.00 2.24 Episyenite including 174.00 179.00 5.00 2.01 Episyenite 179.00 191.00 12.00 0.53 Episyenite 191.00 194.00 3.00 1.30 Episyenite 194.00 204.00 10.00 0.55 Episyenite 204.00 206.00 2.00 0.98 Episyenite 206.00 210.00 4.00 0.43 Episyenite 210.00 221.00 11.00 1.33 Episyenite 221.00 241.00 20.00 0.27 Episyenite 241.00 282.00 41.00 0.22 Episyenite including 259.00 260.00 1.00 0.35 Perthitic Granite including 280.00 282.00 2.00 3.04 Perthitic Granite 24BT037 32.00 34.00 2.00 0.29 Perthitic Granite 46.00 47.00 1.00 0.26 Perthitic Granite 50.00 53.00 3.00 1.26 Perthitic Granite including 51.00 52.00 1.00 3.49 Perthitic Granite 66.00 71.00 5.00 11.70 Perthitic Granite including 67.00 68.00 1.00 56.93 Perthitic Granite 71.00 76.00 5.00 0.17 Episyenite 78.00 91.00 13.00 0.47 Perthitic Granite including 82.00 83.00 1.00 2.92 Perthitic Granite 95.00 97.00 2.00 0.24 Perthitic Granite 101.00 103.00 2.00 0.39 Perthitic Granite 104.00 114.00 10.00 0.16 Perthitic Granite 116.00 130.00 14.00 0.42 Perthitic Granite including 121.00 122.00 1.00 0.90 Perthitic Granite 150.00 153.00 3.00 0.46 Perthitic Granite 153.00 168.00 15.00 0.13 Perthitic Granite 169.00 172.00 3.00 0.25 Perthitic Granite 179.00 183.00 4.00 0.27 Perthitic Granite 193.00 194.00 1.00 0.57 Perthitic Granite 204.00 215.00 11.00 1.09 Perthitic Granite including 204.00 205.00 1.00 1.67 Perthitic Granite including 207.00 208.00 1.00 2.12 Perthitic Granite 210.00 211.00 1.00 1.38 Perthitic Granite 212.00 213.00 1.00 1.28 Perthitic Granite 213.00 214.00 1.00 1.80 Perthitic Granite 229.00 230.00 1.00 0.26 Perthitic Granite 230.00 238.00 8.00 0.11 Perthitic Granite 238.00 239.00 1.00 0.26 Perthitic Granite 242.00 273.00 31.00 1.07 Episyenite including 245.00 246.00 1.00 2.37 Episyenite including 246.00 247.00 1.00 1.08 Episyenite including 247.00 248.00 1.00 1.74 Episyenite including 248.00 249.00 1.00 3.85 Episyenite including 249.00 250.00 1.00 7.40 Episyenite including 250.00 251.00 1.00 5.11 Episyenite including 251.00 252.00 1.00 2.04 Episyenite including 252.00 253.00 1.00 1.77 Episyenite 320.00 331.00 11.00 0.15 Perthitic Granite 24BT038 100.00 155.00 55.00 0.61 Episyenite/Perthitic Granite including 100.00 105.00 5.00 2.40 Episyenite including 109.00 117.00 8.00 1.10 Episyenite including 129.00 131.00 2.00 1.43 Perthitic Granite including 147.00 148.00 1.00 1.28 Perthitic Granite 24BT039 9.00 15.00 6.00 0.45 Perthitic Granite 17.32 27.00 9.68 0.27 Perthitic Granite 27.00 36.00 9.00 0.09 Perthitic Granite 42.00 47.00 5.00 0.27 Perthitic Granite 53.00 57.00 4.00 0.36 Perthitic Granite 58.00 59.00 1.00 0.19 Perthitic Granite 61.00 67.00 6.00 7.84 Perthitic Granite including 65.00 66.00 1.00 45.90 Perthitic Granite 76.00 80.00 4.00 0.74 Perthitic Granite 102.00 107.00 5.00 0.76 Perthitic Granite 138.00 139.00 1.00 0.18 Episyenite 140.00 143.00 3.00 0.27 Episyenite 146.00 150.00 4.00 0.14 Episyenite 150.00 152.00 2.00 0.22 Episyenite 154.00 155.00 1.00 0.10 Episyenite 155.00 159.00 4.00 0.28 Episyenite 159.00 165.00 6.00 0.14 Episyenite 174.00 177.00 3.00 0.15 Episyenite 177.00 178.00 1.00 0.28 Episyenite 178.00 184.00 6.00 0.18 Episyenite 184.00 185.00 1.00 0.38 Perthitic Granite 185.00 188.00 3.00 0.14 Perthitic Granite 194.00 195.00 1.00 0.20 Perthitic Granite 197.00 198.00 1.00 0.33 Perthitic Granite 207.00 210.00 3.00 0.16 Perthitic Granite 24BT040 0.00 181.00 181.00 0.74 Episyenite including 0.00 34.00 34.00 0.50 Episyenite 34.00 39.00 5.00 0.96 Episyenite 39.00 42.00 3.00 0.45 Episyenite 47.00 48.00 1.00 0.22 Episyenite 48.00 52.00 4.00 2.01 Episyenite 52.00 55.00 3.00 0.71 Episyenite 55.00 58.00 3.00 2.11 Episyenite 58.00 60.00 2.00 0.58 Episyenite 60.00 66.00 6.00 1.81 Episyenite 66.00 74.00 8.00 2.00 Episyenite 74.00 77.00 3.00 0.77 Episyenite 81.00 84.00 3.00 0.56 Episyenite 84.00 88.00 4.00 1.35 Episyenite 88.00 90.00 2.00 0.19 Episyenite 91.00 94.00 3.00 0.75 Episyenite 94.00 100.00 6.00 0.25 Episyenite 100.00 103.00 3.00 2.75 Episyenite 103.00 112.00 9.00 0.63 Episyenite 112.00 114.00 2.00 1.51 Episyenite 114.00 121.00 7.00 0.66 Episyenite 123.00 132.00 9.00 0.68 Episyenite 134.00 152.00 18.00 0.41 Episyenite 152.00 155.00 3.00 0.19 Episyenite 156.00 159.00 3.00 0.97 Episyenite 158.00 173.00 15.00 0.33 Episyenite 173.00 174.00 1.00 1.45 Episyenite 174.00 181.00 7.00 0.20 Episyenite 188.00 190.00 2.00 0.15 Perthitic Granite 215.00 217.00 2.00 0.31 Perthitic Granite 24BT041 0.00 7.00 7.00 0.16 Perthitic Granite 80.00 81.00 1.00 0.35 Perthitic Granite 82.00 86.00 4.00 0.16 Perthitic Granite 86.00 88.00 2.00 0.27 Perthitic Granite 93.00 95.00 2.00 0.28 Perthitic Granite 97.00 107.00 10.00 0.15 Perthitic Granite 123.00 125.00 2.00 0.14 Perthitic Granite 129.00 139.00 10.00 0.20 Perthitic Granite 146.00 160.00 14.00 0.11 Perthitic Granite 160.00 164.00 4.00 0.25 Perthitic Granite 173.00 192.00 19.00 0.19 Perthitic Granite 187.00 189.00 2.00 0.58 Perthitic Granite 191.00 192.00 1.00 0.56 Perthitic Granite 193.00 194.00 1.00 0.23 Perthitic Granite 196.00 210.00 14.00 0.14 Perthitic Granite 216.00 219.00 3.00 0.12 Perthitic Granite 219.00 223.00 4.00 0.88 Episyenite including 221.00 222.00 1.00 1.11 Episyenite including 222.00 223.00 1.00 1.82 Episyenite 229.00 230.00 1.00 0.13 Episyenite 233.00 255.00 22.00 1.15 Episyenite including 233.00 240.00 7.00 1.26 Episyenite including 235.00 236.00 1.00 1.10 Episyenite including 236.00 237.00 1.00 1.82 Episyenite including 238.00 239.00 1.00 2.27 Episyenite including 239.00 240.00 1.00 2.13 Episyenite 240.00 246.00 6.00 0.32 Episyenite 246.00 251.00 5.00 2.10 Episyenite including 249.00 250.00 1.00 3.15 Episyenite 250.00 251.00 1.00 2.22 Episyenite 251.00 255.00 4.00 1.03 Episyenite including 253.00 254.00 1.00 1.67 Episyenite including 254.00 255.00 1.00 1.03 Episyenite 255.00 272.00 17.00 0.34 Episyenite 361.00 362.00 1.00 0.23 Perthitic Granite   Assumes 0.25 g/t gold cut-off grade, no top cut. The Company has been targeting larger intersections of greater than 0.25 g/t gold. Intersections lower than this threshold may provide exploration insight and may therefore be disclosed. Intervals represent drill core interval; true widths have not been determined at this time. PG = Perthitic Granite Table 2. Butiá Drill Hole Coordinates Drill Hole Easting Northing Elevation Azimuth (m) (Degrees) Dip (degrees) Start Depth (metres) Final Depth (metres) 23BT005 217984 6586490 387 20 -60 0 230.19 23BT009 218119 6586240 407 20 -60 0 252.95 23BT010 217984 6586486 387 200 -60 0 159.79 23BT011 218022 6586572 382 20 -60 0 200.55 23BT012 218043 6586240 407 20 -60 0 358.13 23BT013 218095 6586397 400 0 -90 0 317.87 23BT014 217999 6586257 410 20 -60 0 331.33 23BT015 218125 6586212 404 20 -60 0 294.37 23BT016 218152 6586454 393 200 -60 0 357.66 23BT017 217973 6586670 383 200 -60 0 253.74 23BT018 218152 6586456 393 0 -90 0 256.36 23BT019 218102 6586534 385 0 -90 0 276.54 24BT020 218187 6586357 398 200 -60 0 76.35 24BT021 218171 6586366 397 20 -60 0 125.93 24BT022 218222 6586349 396 20 -60 0 78.72 24BT023 218126 6586494 389 0 -90 0 275.96 24BT024 218178 6586472 381 0 -90 0 293.83 24BT025 218106 6586305 375 0 -90 0 279.88 24BT026 218239 6586517 378 0 -90 0 517.04 24BT027 218174 6586763 365 200 -60 0 453.92 24BT028 218338 6586314 384 200 -60 0 198.16 24BT029 218033 6586259 395 0 -90 0 210.91 24BT030 218952 6586467 345 200 -60 0 363.55 24BT031 217987 6586538 377 0 -90 0 235.80 24BT032 217965 6586666 377 0 -90 0 559.11 24BT033 217971 6586489 382 0 -90 0 200.32 24BT034 218006 6586584 374 110 -60 0 363.59 24BT035 218006 6586584 374 0 -90 0 153.67 24BT036 218031 6586516 378 110 -60 0 302.52 24BT037 218008 6586415 391 110 -60 0 346.09 24BT038 218133 6586313 397 110 -60 0 198.20 24BT039 218047 6586404 393 110 -60 0 221.80 24BT040 218062 6586455 392 110 -60 0 231.86 24BT041 218167 6586312 395 290 -60 0 369.30   Figure 1 – LDS Project Deposit and Target Locations To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/10429/243028_f9125ca14474688a_002full.jpg Figure 2. Plan View of 2023 and 2024 Butiá Drill Holes and Gold Assay Grades To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/10429/243028_f9125ca14474688a_003full.jpg Figure 3. Long-Section Looking Northeast of 2023 and 2024 Butiá Drill Holes and Gold Assay Grades To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/10429/243028_f9125ca14474688a_004full.jpg Figure 4. Visible Gold from Drill hole 24BT036 showing visible gold specks (bright yellow) scattered throughout the sample. The gold occurs within a cross-cutting chlorite carbonate veinlet and is associated with pyrite (metallic yellow) and galena (gray). This sample from Drill hole 24BT036 spans the interval 115.0 metres to 116.0 metres and grades 24.8 g/t gold. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/10429/243028_f9125ca14474688a_005full.jpg About the LDS Project The LDS Project is centred on the town of Lavras do Sul in Rio Grande do Sul, Brazil. It is approximately 320 kilometres, or a 4.5-hour drive, from the state capital of Porto Alegre. The Company, through its subsidiary, holds directly or indirectly, contractual interests over 34 mineral rights covering approximately 23,000 hectares. The LDS intrusive complex is a multiphase intrusive centre that is surrounded by coeval volcanic rocks to the east. Geologically, LDS is in the far south of the Neoproterozoic Mantiqueira Province, a 2,700-kilometre-long belt of tectonically and magmatically accreted terrains that stretch as far south as the coastline of central Uruguay and north into southern Bahia State in Brazil. The most advanced targets are the Butiá and Cerrito gold deposits - Butiá with 377,000 ounces of gold in the Measured and Indicated categories and 115,000 ounces of gold in the Inferred category, and Cerrito with 188,000 ounces of gold in the Indicated category and 293,000 ounces of gold in the Inferred category. About Lavras Gold Corp. Lavras Gold Corp. (TSXV: LGC) (OTCQX: LGCFF) is a Canadian exploration company focused on realizing the potential of a highly prospective gold district in southern Brazil. Its Lavras do Sul Project is located in Rio Grande do Sul State and is primarily an intrusive hosted gold system of possible alkaline affinity. More than 24 gold prospects centred on historic gold workings have been identified on the property, which spans approximately 23,000 hectares. Follow Lavras Gold on www.lavrasgold.com , as well as on LinkedIn , Twitter , and YouTube . Michael Durose, President & CEO of Lavras Gold Corp., is the qualified person (" QP ") as defined by Canadian National Instrument 43-101, and has reviewed and approved the technical information contained in this release. On Behalf of Lavras Gold Corp. " Michael Durose " President & CEO For further information, please visit the Lavras Gold Corp. website at www.lavrasgold.com , or contact: Michael Durose, President & CEO or Naomi Nemeth, VP Investor Relations Phone: +1-289-624-1343 or +1-289-624-1377 Email: [email protected] Website: www.lavrasgold.com X (Twitter): @LavrasGold LinkedIn: Lavras Gold Corp. YouTube Additional Technical Notes: Quality Assurance & Quality Control: For the Butiá Gold Deposit, sample handling, preparation, and analysis are monitored through the implementation of formal chain-of-custody procedures and quality assurance/quality control programs designed to follow industry best practices. All drill hole samples in this drilling program consist of split NQ diamond drill core. Drill core is logged and sampled in a secure facility located in Lavras do Sul, Rio Grande do Sul State, Brazil. Drill core samples for gold assay are cut in half using a diamond saw and submitted to ALS Laboratories Inc. in Goiania, Goiás State, Brazil for preparation by crushing to 85% passing 1.0 mm, riffle splitting to obtain 500 g aliquots, and pulverizing to 85% passing 75 microns. Pulps are shipped to ALS Laboratories Inc. in Lima, Peru and analyzed by a 50g fire assay and AAS finish. Three 50g aliquots are taken for samples in the mineralized zone and one aliquot is taken in fresh rocks. The average grade of the three aliquots is used to determine the final grade of the mineralized sample. Certified standards, non-certified blanks and field duplicates are inserted into the sample stream at regular intervals, so that QA/QC accounted for about 10% of the total samples. Results are routinely evaluated for accuracy, precision, and contamination. Lavras Gold has been targeting larger intersections of greater than 0.25 g/t gold. Intersections that are lower than this threshold may provide exploration insight and may therefore be disclosed. The Company maintains a robust QAQC program that includes the collection and analysis of duplicate samples and the insertion of blanks and standards (certified reference material). Disclaimer: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking statements: This news release includes certain "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively "forward-looking statements"). Forward-Looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "forecast", "expect", "potential", "project", "target", "schedule", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Company's further 2025 drill plans and future results at the LDS Project are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-Looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company's expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/243028

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