FAQ: LaFleur Minerals Inc. Private Placement Funding and Project Updates

What is the main purpose of LaFleur Minerals’ recent private placement funding?

The C$2.88 million private placement is designed to help restart the company’s fully permitted Beacon Gold Mill and advance exploration and drilling efforts at its Swanson Gold Project in Quebec’s Abitibi Greenstone Belt.

How much funding did LaFleur Minerals raise through this private placement?

LaFleur Minerals raised gross proceeds of C$2.88 million through a fully subscribed non-brokered private placement, with additional offerings expected to be completed soon.

What are the key projects that will benefit from this funding?

The funding will support the restart of the Beacon Gold Mill and advance exploration at the Swanson Gold Project, a district-scale property covering approximately 18,304 hectares in Quebec’s gold-rich region.

Where is LaFleur Minerals’ Swanson Gold Project located?

The Swanson Gold Project is located in the heart of the renowned Abitibi Greenstone Belt in Quebec, Canada, close to the Val-d’Or gold district, with the Beacon Gold Mill only 60 km away from the Swanson deposit.

What is the significance of the Beacon Gold Mill for LaFleur Minerals?

The fully owned Beacon Gold Mill is expected to deliver near-term revenues by processing mineralized material from neighboring gold deposits and potentially producing material sourced from the Swanson Gold Deposit, positioning the company as a near-term producer.

What exploration progress has been made at the Swanson Gold Project?

LaFleur has already completed over seven diamond drill holes on its Swanson Gold Project, with assay results still pending, building on extensive historical data from over 36,000 metres of previous exploration.

Where can investors find more information about LaFleur Minerals?

The latest news and updates relating to LFLRF are available in the company’s newsroom at https://ibn.fm/LFLRF, and more information can be found at https://www.investorbrandnetwork.com/clients/lafleur-minerals-inc/.

Who is the qualified person responsible for the technical information in this announcement?

All scientific and technical information has been reviewed and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor of the company, who is considered a Qualified Person for the purposes of NI 43-101.