LaFleur Minerals Closes First Tranche of Private Placement

(TheNewswire)

VANCOUVER, BC – January 24, 2025– TheNewswire - LAFLEUR MINERALS INC. ( CSE: LFLR, OTCQB:LFLRF ) (the “ Company ”) announcesthat, further to its news release on December 11, 2024, it hascompleted the first tranche of a non-brokered private placement andissued 583,399 units of the Company (the “ Units ”) at a priceof $0.30 per Unit for gross proceeds of $175,019.70 (the“ Offering ”). The Company plans to complete a second tranche of theOffering with the goal of raising up to $1.5 million.

Each Unit is comprised of one common share in thecapital of the Company (a “ Share ”) and one Share purchase warrant (a“ Warrant ”). Each Warrant entitles the holder thereof to acquire oneadditional Share (a “ WarrantShare ”) at a price of $0.55 per Warrant Sharefor a period of two (2) years from the date of closing (the“ Closing Date ”). The Warrants will be subject to an accelerated expiryupon thirty (30) business days notice from the Company in the eventthe closing price of the Shares on the Canadian Securities Exchange isequal to or above a price of $0.65 for ten (10) consecutive tradingdays anytime after four (4) months following the Closing Date.

The net proceeds of the Offering are expected to beused for the advancement of the Company’s mineral properties and forgeneral working capital purposes. The securities issued under theOffering are subject to a statutory hold period in Canada expiringfour (4) months and one day from the Closing Date.

The securities issued pursuant to the Offering havenot, nor will they be registered under the United States SecuritiesAct of 1933, as amended, and may not be offered or sold within theUnited States or to, or for the account or benefit of, U.S. persons inthe absence of U.S. registration or an applicable exemption from theU.S. registration requirements. This news release shall not constitutean offer to sell or the solicitation of an offer to buy nor shallthere be any sale of the securities in the United States or in anyother jurisdiction in which such offer, solicitation or sale would beunlawful.

About LaFleur Minerals Inc.

LaFleur Minerals Inc. (CSE: LFLR, OTCQB: LFLRF ) is focused on the development ofdistrict-scale gold projects in the Abitibi Gold Belt near Val-d'Or,Québec. Our mission is to advance mining projects with a laser focuson our resource-stage Swanson Gold Project and the Beacon Gold Milland Property, which have significant potential to deliver long-termvalue. The Swanson Gold Project is over 15,000 hectares (150km 2 )in size and includes several prospects rich in gold and criticalmetals previously held by Monarch Mining, Abcourt Mines, and GlobexMining. LaFleur has recently consolidated a large land package along amajor structural break that hosts the Swanson, Bartec, and Jolin golddeposits and several other showings which make up the Swanson GoldProject. The Swanson Gold Project is easily accessible by road with arail line running through the property allowing direct access toseveral nearby gold mills, further enhancing its developmentpotential. Lafleur Minerals’ fully-refurbished and permitted BeaconGold Mill is capable of processing over 750 tonnes per day and isbeing considered for processing mineralized material at Swanson andfor custom milling operations for other nearby gold projects.

ON BEHALF OF LAFLEUR MINERALSINC.

Paul Ténière, P.Geo.
Chief Executive Officer
E: info@lafleurminerals.com

LaFleur Minerals Inc.

1500-1055 West Georgia Street

Vancouver, BC V6E 4N7

Neither theCanadian Securities Exchange nor its Regulation Services Provideraccepts responsibility for the adequacy or accuracy of this newsrelease.

Cautionary Statement Regarding “Forward-Looking” Information

This news release includes certainstatements that may be deemed “forward-looking statements”. Allstatements in this new release, other than statements of historicalfacts, that address events or developments that the Company expects tooccur, are forward-looking statements. Forward-looking statements arestatements that are not historical facts and are generally, but notalways, identified by the words “expects”, “plans”,“anticipates”, “believes”, “intends”, “estimates”,“projects”, “potential” and similar expressions, or thatevents or conditions “will”, “would”, “may”, “could”or “should” occur. Forward-looking statements in this news release include, withoutlimitation, statements related to the use of proceeds from theOffering. Although theCompany believes the expectations expressed in such forward-lookingstatements are based on reasonable assumptions, such statements arenot guarantees of future performance and actual results may differmaterially from those in the forward-looking statements. Factors thatcould cause the actual results to differ materially from those inforward-looking statements include market prices, continuedavailability of capital and financing, and general economic, market orbusiness conditions. Investors are cautioned that any such statementsare not guarantees of future performance and actual results ordevelopments may differ materially from those projected in theforward-looking statements. Forward-looking statements are based onthe beliefs, estimates and opinions of the Company’s management onthe date the statements are made. Except as required by applicablesecurities laws, the Company undertakes no obligation to update theseforward-looking statements in the event that management’s beliefs,estimates or opinions, or other factors, should change.

THIS NEWS RELEASEIS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION INTHE UNITED STATES

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