Lafleur appoints Teniere, Espig, Swinoga as directors

Executive Summary

• Lafleur Minerals Inc. appointed Paul Teniere, Peter Espig, and Jeff Swinoga to its board of directors, while Preet Gill and Harveer Sidhu resigned effective March 15, 2026.
• The company announced a positive Preliminary Economic Assessment (PEA) for its Swanson gold project, highlighting a $101-million after-tax NPV, 65% IRR, and 1.8-year payback period, driven by a low $31-million initial capex and use of the owned Beacon gold mill.
• Management will host a webinar on March 24, 2026, to discuss the PEA, the planned restart of the Beacon gold mill (targeting Q2 2026 production), and mill refurbishment progress.

Key Details

• Board Appointments:
  • Paul Teniere: Appointed CEO and Director. 25+ years experience, former C-suite roles at Highlander Silver, KO Gold, Major Precious Metals, etc. Expert in NI 43-101, JORC, and SEC S-K 1300.
  • Peter Espig: Appointed Director. President/CEO of Nicola Mining Inc. Former VP at Goldman Sachs and Olympus Capital. Structured >$2-billion in private equity/pre-IPO transactions.
  • Jeff Swinoga: Appointed Director. Former CEO of Epic Gold Corp. and First Mining Gold. Led >$2-billion in project financings and >$400-million in equity raises. Experience with Barrick, Torex, Hudbay, etc.
• Board Resignations:
  • Preet Gill and Harveer Sidhu resigned effective March 15, 2026.
• PEA Results (Swanson Gold Project):
  • NPV (5%): $101-million (after-tax).
  • IRR: 65%.
  • Payback Period: 1.8 years.
  • AISC: $1,569 (US) per ounce.
  • Initial Capex: $31-million.
  • Strategy: Vertically integrated mine-to-mill using the 100%-owned Beacon gold mill.
• Beacon Gold Mill Status:
  • Located in Val d'Or, Que. (Abitibi greenstone belt).
  • Capacity: >750 tonnes per day (planned expansion to >3,000 tonnes per day).
  • Refurbishment Progress: Electrical, mechanical, and safety upgrades completed; ~30% of budget spent.
  • Production Target: First gold pour anticipated later in 2026; restart of gold production targeted for Q2 2026.
• Webinar Details:
  • Date: March 24, 2026, at 9 a.m. PST / 12 p.m. EST.
  • Topics: PEA results, Swanson project updates, Beacon mill restart, and long-term vision.
• Investor Relations Engagements:
  • Native Ads Inc.: $25,000 (US) cash retainer for digital media advertising, content distribution, and SEO. Agreement dated Feb 23, 2026.
  • InvestorsHub (ADVFN PLC): $25,000 (US) cash retainer for news release distribution. Agreement dated Feb 5, 2026.
  • Mayfair Media Operations (Mining.com.au): $3,890 (AUD) monthly cash retainer for digital media advertising and editorial coverage. Agreement dated March 14, 2026.

Notable Quotes

• "On behalf of the board and management, we would like to thank Mr. Sidhu and Ms. Gill for their valuable contributions as directors of the company and throughout their subsequent tenures. We wish them both the best with future endeavours," — Paul Teniere, CEO of Lafleur Minerals.