Labrador Resources Inc. Announces Resignation of CEO and Director, Additional Board Appointment and Option Grant

(TheNewswire)

Calgary, AB – TheNewswire - February 3, 2025 – Labrador Resources Inc . (TSXV: LTX) ("Labrador " or the" Company ") announcesthe resignation of Mr . KaanCamlioglu from the positions of Chief Executive Officer and Director,effective February 1, 2025 .

The Board of Directors thanks Mr. Camlioglu for his leadership andcontributions to the Company and wishes him well in his new endeavor.During his tenure, Mr. Camlioglu played a key role in overseeingstrategic initiatives and governance matters which included theCompany’s successful restructuring.

The Company is pleased to announce the appointment of Mr. KennethDeWyn to fill the vacancy.  Mr. DeWyn is an independent businessconsultant and has significant experience with both publicly tradedand private company governance issues, having served as a Directorand/or Officer of many private and public companies over the past 30years.

Mr. DeWyn is currently a member of the Board of Lithium Chile Inc. andPetroFrontier Corp., both Calgary based companies listed on the TSXVenture Exchange.

The Company also announces the grant of 125,000 options to each ofMessrs. Aihoshi and DeWyn in accordance with the Company’s existingstock option plan. One half of the options will be granted to each ofMessrs. Aihoshi and DeWyn, both recent additions to the Company’sBoard of Directors.  The options are exercisable at a price of $0.05per common share and expire five (5) years from the date of grant.

For further information, pleasecontact:

Jeff Howe
Interim CFO
Phone: (416) 884-4693
Email: jeff@thehowes.ca

Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this news release.

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Cautionary Note RegardingForward-Looking Information

This news release may containforward-looking information that involves substantial known andunknown risks and uncertainties, most of which are beyond the controlof Labrador. All statements included herein other than statements ofhistorical fact are forward-looking information. Such forward-lookinginformation involves various risks and uncertainties. There can be noassurance that such information will prove to be accurate, and actualresults and future events could differ materially from thoseanticipated in such information. Any forward-looking statements aremade as of the date of this release and, other than as required by applicable securitieslaws, Labrador does not assume any obligation to update or revise themto reflect new events or circumstances.

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