Announcement • Sep 11

Lavras Gold Corp. Intersects 2.9 G/T Gold over 59 Metres at Fazenda Do Posto Gold Target, LDS Project, Southern Brazil and Provides an Exploration Update

Lavras Gold Corp. released the results from 12 new drillholes testing the Fazenda do Posto Gold Target, located at the western edge of the LDS Project in southern Brazil. Gold mineralization was intersected in eleven of the 12 new holes reported in this news release at the Fazenda do Posto Gold Target. The purpose of these drillholes was two-fold: (1) to better understand the geometry and grade distribution of this new gold discovery, and (2) to test for potential extensions of gold mineralization in several directions. The Fazenda Gold Target remains open to the west, north and northwest, south and at depth with the Butiá Gold Deposit occurring to the east. These new results continue to move Lavras Gold toward its short-term 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. Discussion of Drill Results - Fazenda do Posto Fazenda do Posto is situated approximately 150 metres west of Butiá - the most advanced gold deposit on the LDS Project consisting of approximately 500,000 ounces of gold. The purpose of the current drilling program at Fazenda do Posto is to better understand the geometry and grade distribution of the target, and to gain insight into the geological controls of gold mineralization. Furthermore, the drilling program is designed to test for extensions to know mineralization and prepare this discovery for an eventual gold resource estimate. Recent drilling results from Fazenda do Posto were disclosed in the Lavras Gold News Release dated February 29, 2024. A total of 7,060 metres of drilling in 24 drillholes has tested the Fazenda gold target in the last 12 months. previously disclosed. Drillhole 24FP016 was collared 60 metres northwest of the trace of drillhole 23FP002 and drilled vertically. The purpose of this hole was to test the lateral continuity of gold mineralization northwest of 23FP002 and to understand the depth, thickness and gold grade in this area. The hole confirmed a thick continuous zone of disseminated high-grade gold hosted within white, bleached episyenite starting at a vertical depth of 233.0 metres. Highlights of the hole are shown below. 59.0 metres grading 2.9 g/t gold from 233.0 metres, and including: 50.0 metres grading 3.2 g/t gold from 238.0 metres, and including 32.0 metres grading 4.3 g/t gold from 240.0 metres, and including 3.0 metres grading 17.6 g/t gold from 253.0 metres, and including 1.0 metre grading 9.6 g/t gold from 253.0 metres, and including 1.0 metre grading 23.3 g/t gold from 254.0 metres, and including 1.0 metre grading 30.3 g/t gold from 255.0 metres. Drillhole 24FP017 was collared in the middle of the trace of drillhole 23FP002 in the north-central portion of the Fazenda do Posto Gold Target. The hole was drilled vertically and designed to test the vertical continuity of gold mineralization encountered in hole 23BT002 that included 340.0 metres grading 1.10 g/t gold from a vertical depth of about 100 metres. 23BT017 was drilled vertically for the purpose of characterizing the vertical continuity of mineralization and defining the mineral deposit at depth. A long interval of continuous bulk-tonnage disseminated gold mineralization was encountered from surface to a depth of 301.0 metres within mineralized episyenite with minor subintervals of perthitic granite as detailed below. Multiple higher-grade subintervals were encountered throughout the hole. 301.0 metres grading 0.7 g/t gold from surface (0.0 metres) and including: 261.0 metres grading 0.8 g/t gold from 3.0 metres, and including 27.0 metres grading 1.3 g/t gold from 50.0 metres, and 19.0 metres grading 1.1 g/t gold from 84.0 metres, and including 7.0 metres grading 1.4 g/t gold from 84.0 metres, and 3.0 metres grading 1.4 g/t gold from 123.0 metres, and 14.00 metres grading 1.7 g/t gold from 144.00 metres, and 61.00 metres grading 1.4 g/t gold from 192.0 metres, and including 22.00 metres grading 1.9 g/t gold from 192.0 metres. Drillhole 24FP018 was collared along the axis of drillhole 23FP002 and drilled on an azimuth of 020 degrees and a dip of 60 degrees in the central portion of the Fazenda Gold Target. The hole tested a zone southwest and down dip from hole 23FP007. The purpose of this hole was to better understand the nature, grade and continuity of gold mineralization in this portion of the deposit. Continuous gold mineralization was encountered over long intervals in episyenite and mineralized perthitic granite. Higher-grade subintervals were observed within zones of episyenite hosting pyrite +/-arsenian pyrite. There are zones of very high grade episyenite as defined by drillhole 24FP016 that returned 59.0 metres grading 2.9 g/t gold. So far, gold mineralization has been found beginning at surface and traced down to a vertical depth of about 400 metres and an areal extent of about 200 metres. The mineralized zone appears to be an irregular shaped pipe-like feature plunging to the northwest. There is a strong structural control to gold mineralization. Specifically, northeast trending structures are thought to play an important role in localizing and focusing gold mineralization. The current thinking is that there may be several parallel northeast trending structures to the northwest that are important exploration targets that remain untested. Drilling between Fazenda do Posto and the adjacent Butiá Gold Deposit to the east intersected important intervals of low-grade gold mineralization in drill holes 24FP021 and 24FP024, potentially connecting these two zones between a northeast trending fault. Approximately 10,000 metres of a 25,000-metre drilling budget has been completed on the LDS project since the beginning of 2024. Most of the drilling has focused on Butiá and Fazenda do Posto. Drilling is on-going at both targets with two drills. Fazenda do Posto remains open to the west, north and northwest, south and at depth. The Butiá Deposit is 150 metres to the east of Fazenda do Posto. In addition to drilling activities, the geology team is completing on-going field related activities including prospecting, geological mapping, and rock sampling with the goal of defining further future drill targets.

CEO salary percentage	n/a
CEO tenure	less than a year
CEO ownership	n/a
Management average tenure	less than a year
Board average tenure	4.2yrs

Name	Position	Tenure	Compensation	Ownership
Hemdat Sawh	CFO & Corporate Secretary	4.2yrs	CA$298.67k	0.53% CA$ 633.1k
Michael Mutchler	Interim Chief Operating Officer & Director	less than a year	CA$194.92k	1.44% CA$ 1.7m
Jonathan Hill	Interim Vice President of Exploration & Independent Director	less than a year	CA$36.92k	0.0019% CA$ 2.3k
Federico Velasquez	President & CEO	less than a year	no data	no data

Name	Position	Tenure	Compensation	Ownership
Michael Mutchler	Interim Chief Operating Officer & Director	4.6yrs	CA$194.92k	1.44% CA$ 1.7m
Jonathan Hill	Interim Vice President of Exploration & Independent Director	2.9yrs	CA$36.92k	0.0019% CA$ 2.3k
Lawrence Lepard	Independent Director	4.2yrs	CA$14.92k	2.39% CA$ 2.8m
Rowland Uloth	Independent Chairman	4.2yrs	CA$14.92k	2.24% CA$ 2.7m
Rostislav Raykov	Independent Director	4.2yrs	CA$308.67k	12.13% CA$ 14.4m
David Birkett	Independent Director	4.2yrs	CA$14.92k	1.3% CA$ 1.5m

Data	Last Updated (UTC time)
Company Analysis	2026/06/09 11:46
End of Day Share Price	2026/06/09 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

Lavras Gold Management

Management criteria checks 1/4

Key information

Recent management updates

Lavras Gold Corp., Annual General Meeting, Jun 10, 2026

Independent Director recently bought CA$113k worth of stock

Independent Director recently bought CA$140k worth of stock

Independent Director recently bought CA$220k worth of stock

Independent Director recently bought CA$96k worth of stock

Lavras Gold Corp., Annual General Meeting, Jun 11, 2025

Recent updates

New major risk - Financial position

New minor risk - Share price stability

Lavras Gold Corp., Annual General Meeting, Jun 10, 2026

Independent Director recently bought CA$113k worth of stock

New minor risk - Market cap size

New minor risk - Shareholder dilution

Lavras Gold Corp. has completed a Follow-on Equity Offering in the amount of CAD 10.0028 million.

Lavras Gold Corp. has filed a Follow-on Equity Offering in the amount of CAD 10.0028 million.

Lavras Gold Corp. Returns Broad Continuous Zones of Gold Mineralization from Ongoing Fazenda - Butia Drilling in Brazil

Is Lavras Gold (CVE:LGC) In A Good Position To Deliver On Growth Plans?

Independent Director recently bought CA$140k worth of stock

New major risk - Financial position

Independent Director recently bought CA$220k worth of stock

Independent Director recently bought CA$96k worth of stock

Lavras Gold Corp. Releases the Results from Seven New Drill Holes Totaling 1,825 Metres, Testing the Butia Gold Deposit

We're Not Very Worried About Lavras Gold's (CVE:LGC) Cash Burn Rate

New minor risk - Insider selling

Lavras Gold Corp., Annual General Meeting, Jun 11, 2025

Independent Director recently bought CA$98k worth of stock

Independent Director recently bought CA$510k worth of stock

Lavras Gold Corp. has completed a Follow-on Equity Offering in the amount of CAD 13.046 million.

Lavras Gold Corp. has filed a Follow-on Equity Offering in the amount of CAD 10.0012 million.

Independent Director recently bought CA$116k worth of stock

New minor risk - Insider selling

Independent Director recently bought CA$134k worth of stock

Independent Director recently bought CA$57k worth of stock

Independent Director recently bought CA$340k worth of stock

Independent Chairman recently bought CA$123k worth of stock

Independent Director recently bought CA$340k worth of stock

Lavras Gold Corp. Intersects 2.9 G/T Gold over 59 Metres at Fazenda Do Posto Gold Target, LDS Project, Southern Brazil and Provides an Exploration Update

New major risk - Financial position

Here's Why We're Not Too Worried About Lavras Gold's (CVE:LGC) Cash Burn Situation

Independent Director recently bought CA$87k worth of stock

Independent Director recently bought CA$93k worth of stock

Independent Director recently bought CA$63k worth of stock

Independent Director recently bought CA$159k worth of stock

Independent Director recently bought CA$57k worth of stock

Independent Director recently bought CA$480k worth of stock

Lavras Gold Corp., Annual General Meeting, Jun 12, 2024

Independent Chairman recently bought CA$62k worth of stock

Independent Director recently bought CA$274k worth of stock

Lavras Gold (CVE:LGC) Is In A Good Position To Deliver On Growth Plans

Independent Director recently bought CA$96k worth of stock

Lavras Gold Corp. Intersects 1.1 g/t Gold Over 154 Metres from Surface at Butiá Gold Deposit, LDS Project, Southern Brazil & Provides an Exploration Update

Independent Chairman recently bought CA$55k worth of stock

Independent Director recently bought CA$114k worth of stock

Lavras Gold Corp. Reports Follow Up Drilling at the Fazenda Do Posto Discovery on the Company's LDS Project in Southern Brazil

Independent Director recently bought CA$93k worth of stock

Lavras Gold Provides Exploration Update for LDS Project

Lavras Gold Corp. announced that it has received CAD 13.697973 million in funding

New minor risk - Shareholder dilution

Lavras Gold Corp. announced that it expects to receive CAD 10.8 million in funding

Lavras Gold Corp. Drilling At the New Fazenda Do Posto Discovery on the Company's LDS Project in Southern Brazil

Lavras Gold Corp. Announces Two New Gold Discovery, as Well as the Expansion of Zeca Souza

Lavras Gold Corp. Continues with Exploration Success at the Zeca Souza Discovery on its LDS Project in Southern Brazil

Lavras Gold Corp. Elects Jonathan Hill as Director

High number of new and inexperienced directors

Lavras Gold Corp. Announces Fourth New Gold Discovery Features 4.63 G/T Gold over 10 Metres Including 11.70 G/T Gold over 3 Metres

Lavras Gold Corp., Annual General Meeting, Jul 18, 2023

Lavras Gold Makes New High-Grade Discovery At LDS

Lavras Gold Corp. Discovers New Gold Deposit At LDS Project in Brazil

Lavras Gold’s Zeca Souza Drilling Returns Bonanza Gold Grades

Lavras Gold Corp. Files NI 43-101 Report for Cerrito Gold Prospect

Lavras Gold Corp. Announces Mineral Resource Estimate for Cerrito Prospect

Insufficient new directors

Lavras Gold Corp. to Fly Drone Aeromagnetic Survey At Lavras do Sul Project

Insufficient new directors

Lavras Gold Corp. Appoints Michael Durose as Chief Executive Officer

CEO