LaFleur Minerals Provides Updates on Exploration at Swanson Gold Deposit and Plans to Restart of Beacon Gold Mill

(TheNewswire)

VANCOUVER, B.C. – TheNewswire - January 27, 2025 - LaFleur Minerals Inc. ( CSE:LFLR, OTCQB: LFLRF ) (“ LaFleur Minerals ”or the “ Company ”) is pleased to provide an update on its 2025 explorationand development plans for its 100%-owned Swanson Gold Deposit(“ Swanson ”) and Beacon Gold Mill (“ Beacon ”) locatednear Val-d’Or, Québec in the Abitibi Gold Belt ( Figure 1 ).

SWANSON GOLD DEPOSIT AND FULLYPERMITTED BEACON GOLD MILL, VAL-D’OR, QUEBEC, CANADA

The 100% Company owned Swanson Gold Deposit hosts anIndicated Mineral Resource of 2,113,000 t with an average grade of 1.8g/t gold for 123,400 oz of contained gold and Inferred MineralResource Estimate of 872,000 t with an average grade of 2.3 g/t goldfor 64,500 oz of contained gold ( source: NI 43-101 technical report with aneffective date of September 17, 2024 and filed on the Company’sSEDAR+ profile ).

Swanson Gold Deposit is located within 50 km of theCompany’s Beacon Gold Mill, which is fully permitted and underwentapproximately $20,000,000 in upgrades from 2021-2022 by its previousowner. The Beacon Mill is currently being evaluated for processingmineralized material from the Swanson Gold Deposit as part of ahigh-level preliminary mining and economic study.

The Company recently completed a very high-resolutionairborne magnetics and VLF-EM geophysics program over the entireSwanson Gold Deposit and the final processed results from Novatem Inc.are currently being interpreted. The airborne geophysics results willbe disclosed once final interpretations are complete. An oriented soilgeochemistry and prospecting program was also completed by IOSGéosciences (IOS) with final assay results still pending from thelaboratory.

An Induced Polarization (IP) - Resistivity groundgeophysics survey totalling 166 line-km will be completed from Januaryto February 2025 at approximately 200 m line spacings and cover theSwanson, Bartec, and Jolin deposits, which are all advanced goldtargets with current and historical mineral resources.

OVER$3M IN FINANCINGS RECENTLY COMPLETED

The Company recently closed a $2,832,000 flow-through(FT) financing and the first tranche of a non-FT financing with grossproceeds of $175,019.70 and these funds will be spent on explorationand drilling programs at its Swanson and Beacon Deposits. The Companyplans to complete the following exploration and development programsin the coming weeks:

• Results from the recent very high-resolution airbornemagnetics and VLF-EM geophysics program, soil geochemistry andprospecting program, and upcoming IP ground geophysics survey will beused to define multiple drilling targets along interpreted majorstructural breaks at Swanson with the goal to increase mineralresources to well over 1M contained gold ounces.

• Up to 10,000 mof diamond drilling is expected to commence atSwanson in early to mid-2025 once drill hole targeting exercises arecompleted by the Company’s technical team and drilling permits havebeen obtained from the Québec government;

• High-level preliminary mining and economic studyresults for Swanson and Beacon are expected in Q1-2025 fromindependent mining consultants and will drive the Company’s plans toquickly advance these Deposits to a Pre-Feasibility Study in 2025 tocommence production at Swanson as soon as possible. The Company isalso evaluating other gold Deposits and mineral resources locatedwithin a 50 to 100 km radius of the Beacon Mill as potential mill feedin addition to the Swanson and Beacon deposits; and

• Planning work has commenced to restart the Beacon GoldMill, which has been under full care and maintenance since early 2023and is currently capable of processing 750 tonnes per day. The Companyis working with local mining services contractor ABF Mines to developa restart plan, which includes ongoingmaintenance and repairs, potential upgrades to the mill to increaseproduction, and staffing considerations.

Paul Ténière, CEO of LaFleur Minerals commented, “ We are excited about our 2025 strategicplans that include aggressive exploration and drilling programs at theSwanson and Beacon deposits now that we have completed just over $3Min recent financings. Our immediate plan is to continue to increasegold resources through diamond drilling at Swanson, Bartec, Jolin, andother gold deposits and simultaneously restarting the Beacon Mill toeventually process mineralized material from the Swanson Gold Depositand other deposits in the Abitibi Gold Belt as soon as possible. 2025is expected to be a transformational year for LaFleur Minerals as weembark on an aggressive path to production. In addition, to expandingour gold resource at our Swanson Gold Deposit, we are looking toconsolidate other “gold ounces” within vicinity of ourfully-permitted Beacon Gold Mill.”

Figure 1: Golddeposits and mines within a 50 km radius of Beacon Mill includingSwanson Gold Deposit (in red)

Click Image To View Full Size

Qualified Person Statement

All scientific and technical information in this newsrelease has been prepared and approved by Louis Martin, P.Geo.,Technical Advisor to the Company and considered a Qualified Person forthe purposes of NI 43-101.

About LaFleur Minerals Inc.

LaFleur Minerals Inc. (CSE: LFLR, OTCQB: LFLRF ) is focused on the development ofdistrict-scale gold Deposits in the Abitibi Gold Belt near Val-d'Or,Québec. Our mission is to advance mining Deposits with a laser focuson our resource-stage Swanson Gold Deposit and the Beacon Gold Milland Property, which have significant potential to deliver long-termvalue. The Swanson Gold Deposit 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 GoldDeposit. The Swanson Gold Deposit 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 mineralizedmaterial at Swanson and for custom milling operations for other nearbygold Deposits.

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.

1. Cautionary Statement Regarding“Forward-Looking” Information

2. This news release includes certainstatements that may be deemed “forward-looking statements”.Forward-looking statements in this news release include, but are notlimited to, statements about the Offering and the Company'sexpectations with respect to the foregoing. Factors that could causefuture results to differ materially from those anticipated inforward-looking statements in this news release include the taxtreatment of the FT Shares. All statements in this new release, otherthan statements of historical facts, that address events ordevelopments that the Company expects to occur, are forward-lookingstatements. Forward-looking statements are statements that are nothistorical facts and are generally, but not always, identified by thewords “expects”, “plans”, “anticipates”, “believes”,“intends”, “estimates”, “Deposits”, “potential” andsimilar expressions, or that events or conditions “will”,“would”, “may”, “could” or “should” occur. Althoughthe Company believes the expectations expressed in suchforward-looking statements are based on reasonable assumptions, suchstatements are not guarantees of future performance and actual resultsmay differ materially from those in the forward-looking statements.Factors that could cause the actual results to differ materially fromthose in forward-looking statements include market prices, continuedavailability of capital and financing, political and regulatory risksassociated with mining and exploration, risks related to environmentalregulation and liability. the potential for delays in exploration ordevelopment activities or the completion of feasibility studies, risksand uncertainties relating to the interpretation of drill results, thegeology, grade and continuity of mineral deposits, risks related tothe inherent uncertainty of production and cost estimates and thepotential for unexpected costs and expenses, results of prefeasibilityand feasibility studies, the possibility that future exploration,development or mining results will not be consistent with theCompany’s expectations, and general economic, market or businessconditions. Investors are cautioned that any such statements are notguarantees of future performance and actual results or developmentsmay differ materially from those Deposited in the forward-lookingstatements. Forward-looking statements are based on the beliefs,estimates and opinions of the Company’s management on the date thestatements are made. Except as required by applicable securities laws,the Company undertakes no obligation to update these forward-lookingstatements in the event that management's beliefs, estimates oropinions, or other factors, should change.

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