LaFleur Minerals Provides Update on PEA for the Restart of Beacon Gold Mill Sourcing Material from Its Swanson Gold Deposit, Val d'Or, Quebec

Executive Summary

• LaFleur Minerals engaged Environmental Resources Management (ERM) to complete a Preliminary Economic Assessment for restarting the Beacon Gold Mill using ore from its Swanson Gold Deposit.
• The Beacon Mill was recently refurbished with > C$20 million of upgrades and is fully permitted, substantially reducing CAPEX and timeline for production restart expected in early‑2026.
• The company also approved issuance of 1,000,000 stock options at $0.75 per share as part of its annual remuneration package.

Key Details

• Consultant Engagement: ERM’s Technical Mining Services Group (Toronto) will lead the PEA, covering mineral resource update, open‑pit mine plan, ore‑sorting and metallurgical testing, and mill restart cost estimates.
• Mill Readiness: Beacon Gold Mill last operated in 2022 at a gold price of US$1,600/oz; recent upgrades (C$20 M) provide a “state of readiness” that lowers capital requirements for a restart when gold trades above US$3,800/oz.
• PEA Scope: Will deliver an AACE Class‑5 cost estimate, updated resource model, bulk‑sample verification (first 100,000 t), tailings dam upgrade study, and logistics costing for trucking concentrate from Swanson (~60 km).
• Definition Drilling: Ongoing “twinning” drill program at Swanson to confirm spacing of historic intercepts and refine the Mineral Resource Estimate.
• Ore‑Sorting Study: Partnered with Saskatchewan Research Council; testing to be performed by SGS Minerals to improve concentrate recovery and reduce trucking/waste costs.
• Site Visits: Analyst/investor visit in August 2025 received positive feedback; a second visit scheduled for Oct 7‑8 2025 with prospective investors, financiers, and ERM staff.
• Stock Options Grant: 1,000,000 options issued at $0.75 exercise price, 5‑year term, subject to regulatory approvals – part of the company’s incentive plan.

Notable Quotes

• Kal Malhi, Chairman: “Advancing the Beacon Gold Mill to restart gold production with gold prices at record levels above US$3,800 per ounce offers amazing economic potential… we are on the cusp of producing ounces aimed for early 2026.”
• Paul Ténière, CEO: “Engaging a consulting firm of the caliber and reputation of ERM to complete our PEA marks a significant milestone… we are advancing a near‑term, sustainable production pathway in one of the world’s most prolific gold camps.”