Beacon Gold Mill reconditioning and recommissioning work is approximately 84% complete
Vancouver, British Columbia--(Newsfile Corp. - July 8, 2026) - LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) ("LaFleur Minerals" or the "Company") announces that it has agreed with Trafigura Canada Limited ("Trafigura") to an extension of the exclusivity and due diligence period under the previously announced indicative terms and conditions and accompanying indicative term sheet dated April 10, 2026 for a proposed prepayment facility of up to C$30 million (the "Prepayment Facility") and gold doré purchase agreement (the "Offtake Agreement", and together with the Prepayment Facility, the "Proposed Agreements"), as announced by the Company on April 15, 2026 and subject to definitive documentation, due diligence and closing conditions.
SUMMARY
On April 15, 2026, LaFleur Minerals announced it had selected Trafigura to arrange and provide a prepayment facility of up to C$30 million and gold doré purchase agreement for the proposed development of the Swanson Gold Deposit and processing operations at the Company's wholly-owned Beacon Gold Mill, located in Val-d'Or, Québec, subject to definitive documentation, due diligence and closing conditions.
The Proposed Agreement was subject to the execution of definitive documentation and the satisfaction of relevant conditions precedent, including the completion of Trafigura's due diligence and receipt of applicable internal approvals.
The proposed C$30 million Prepayment Facility would have no commodity price hedging requirements and will underpin required funding for LaFleur's processing facility operations and ramp-up towards a targeted processing capacity of 1,250 tonnes per day (tpd) at the Beacon Gold Mill and development work at the Swanson Gold Deposit (refer to April 15, 2026 News Release).
TRAFIGURA EXTENDED EXCLUSIVITY PERIOD
The exclusivity and due diligence period has been extended to August 31, 2026 (the "Extended Exclusivity Period").
The extension is intended to accommodate technical due diligence, the scheduling of the site visit, and agreement of definitive documentation in respect of the Proposed Agreements.
Part of the ongoing due diligence will be a site visit to the Beacon Gold Mill and the Swanson Gold Deposit, and both parties are working to schedule the visit by August 15, 2026, subject to each party's staff availability to travel to Val-d'Or, Québec.
The Proposed Agreements remain subject to the execution of definitive documentation and the satisfaction of relevant conditions precedent, including completion of Trafigura's due diligence and receipt of applicable internal and regulatory approvals.