Lavras Gold Corp. announced the results from six new drill holes testing the Fazenda do Posto gold discovery, located at the western edge of the LDS project in southern Brazil. Gold mineralization was intersected in five of the six holes at the Fazenda do Posto gold discovery.

These new holes were designed to test the nature and extent of gold mineralization and hydrothermal alteration associated with this new gold discovery as explained below. These new results continue to move Lavras Gold toward its short-term corporate goal of defining an economically feasible gold resource on the LDS Project, focused on Fazenda do Posto and adjacent Butiá gold deposit. Since announcing the Fazenda do Posto gold discovery in late August 2023, a total of 12 drill holes totalling 3,309 metres have been disclosed.

The results for six new holes ­ 23FP007 through 23FP012. Results for the first six of the 12 holes have been disclosed previously. So far, drilling has defined a large gold mineral system consisting of a near-surface bulk-tonnage disseminated style of mineral deposit hosted in a hydrothermally altered granitoid host rock and strategically located 150 metres west of the adjacent half million-ounce Butiá gold deposit.

Fazenda do Posto and Butiá are both open to possible expansion in several directions. Generally, very long continuous intervals of gold mineralization containing higher-grade subintervals were encountered. The host rocks are extensively hydrothermally altered, and gold is typically hosted in disseminated sulphide minerals (pyrite +- arsenian pyrite) within episyenite host rock or mineralized perthitic granite.

Occasional visible gold has been observed associated with sulphide minerals (galena, pyrite). The mineralization is bulk tonnage in its nature and has been detected to depths of more than 400 metres, and a lateral extent of at least 200 metres northeast-southwest, and 200 metres northwest-southeast. Drill hole 23FP011 was collared in the northeastern portion of Fazenda do Posto.

The hole was drilled at an inclined angle of 60 degrees on an azimuth of 200 degrees. The purpose was to test the lateral continuity of mineralization and gold grade continuity at depth towards the southwest. A long continuous interval of bulk-tonnage disseminated gold mineralization was encountered starting at 69.0 metres (60.0 metres vertical depth) to 242.0 metres down the drill core (vertical depth of 210 metres) within mineralized episyenite as detailed below.

Generally, this long interval of continuous mineralization has multiple higher-grade intervals. Highlights are as follows:173.0 metres grading 1.0 g/t gold from 69.0 metres including: 4.0 metres grading 1.2 g/t gold from 75.0 metres 6.0 metres grading 1.1 g/t gold from 97.0 metres 2.0 metres grading 2.1 g/t gold from 99.0 metres 94.8 metres grading 1.4 g/t gold from 126.0 metres 2.0 metres grading 3.6 g/t gold from 126.0 metres 3.0 metres grading 2.5 g/t gold from 135.0 metres, and 8.0 metres grading 1.6 g/t gold from 153.0 metres 14.9 metres grading 1.7 g/t gold from 166.1 metres 13.0 metres grading 1.5 g/t gold from 191.0 metres 6.0 metres grading 2.0 g/t gold from 209.0 metres, and 2.0 metres grading 2.0 g/t gold from 239.1 metres Drillhole 22FP008 was collared in the northeast portion of Fazenda do Posto and drilled on an azimuth of 200 degrees at an inclined angle of 80 degrees. The purpose was to better understand the nature and continuity of gold mineralization at depth.

Continuous gold mineralization was encountered over long intervals in episyenite and mineralized perthitic granite. Higher-grade intervals have been found at depth. A summary of assay composites is as follows: · 123.0 metres grading 1.1 g/t gold from 228.0 metres including: 78.0 metres grading 1.4 g/t gold from 228.0 metres 35.0 metres grading 2.5 g/t gold from 231.0 metres 20.0 metres grading 0.6 g/t gold from 325.0 metres 4.0 metres grading 2.7 g/t gold from 331.0 metres 3.0 metres grading 3.5 g/t gold from 332.0 metres Drillhole 23FP010 was positioned in the central portion of Fazenda do Posto, above the trace of drillhole 23FP002.

The hole was drilled on an azimuth of 110 degrees and inclined at 60 degrees. The purpose was to better understand the nature of the geology and the extent of alteration and possible mineralization along a southeast direction perpendicular to the azimuth of drill hole 23FP002. Figure 3 shows an example of near-surface mineralized episyenite from 23FP010.

A continuous zone of intense albite alteration interspersed with zones of bulk-tonnage and disseminated style of gold mineralization consisting mainly of disseminated pyrite +- arsenian pyrite within episyenite and perthitic granite was encountered from 3.0 metres to 147.0 metres ­ a drillhole length of 144.0 metres. Further highlights are as follows: · 144.0 metres grading 0.6 g/t gold from 3.0 metres including: 41.0 metres grading 1.0 g/t gold from 3.0 metres and including, 21.0 metres grading 1.3 g/t gold from 23.0 metres and, 9.0 metres grading 2.2 g/t gold from 31.0 metres and including, 4.0 metres grading 3.5 g/t gold from 31.0 metres, 2.0 metres grading 1.6 g/t gold from 78.0 metres, 4.4 metres grading 1.2 g/t gold from 107.0 metres, Drillhole 23FP012 was collared along the northwest edge of the Fazenda do Posto mineralized footprint and drilled on an azimuth of 110 degrees and inclined 60 degrees. The purpose was to test the central western extension of hydrothermal alteration and mineralization.

The hole encountered very intense albite alteration with moderate intervals of gold starting at 4.0 metres depth. Significant long intervals of higher gold grades were found at 58.0 metres along the drill core after intersecting a lamprophyre dyke. Several long intervals of disseminated gold mineralization were encountered and including multiple higher-grade subintervals as follows: · 115.0 metres grading 0.6 g/t gold from 58.0 metres including: 53.0 metres grading 0.9 g/t gold from 118.0 metres and 26.0 metres grading 1.1 g/t gold from 130.0 metres, and including 15.0 metres grading 1.2 g/t gold from 130.0 metres, and 6.0 metres grading 1.1 g/t gold from 162.0 metres.