Lavras Gold plans 20,000 metres of drilling for LDS

Mr. Hemdat Sawh reports LAVRAS GOLD CORP. PROVIDES CORPORATE UPDATE Lavras Gold Corp. has provided a corporate update on recent progress it has made in advancing its LDS project, situated near the town of Lavras do Sul in Rio Grande do Sul state in Brazil. Earlier this month, the Lavras Gold management team, consisting of Hemdat Sawh, interim president and chief executive officer and chief financial officer, Jon Hill, interim vice-president, exploration, and Mike Mutchler, interim chief operating officer, met with the company's Brazilian team to review current operations. Following this review, the company has decided to restructure the Brazilian team to focus on: both exploration and development; execution of Lavras Gold's strategy to continue exploration throughout the company's 23,000-hectare district-scale tenement portfolio (LDS project); and the application for the Butia/Fazenda do Posto preliminary licence (LP). Lavras Gold will continue an exploration strategy to aggressively leverage its district-scale portfolio of high-quality targets within the LDS project covering the Lavras do Sul intrusive suite in parallel with progressing the focused development of Butia/Fazenda do Posto. Approximately, 20,000 metres of diamond drilling are planned for 2026, targeting mineral resources growth at established targets and selected priority targets with potential to add material inventory in the near term. The environmental impact assessment (EIA) on the Butia/Fazenda do Posto potential polygon is progressing well with completion of the first flora and fauna campaigns, initial hydrogeological analysis, noise and vibration analyses and preliminary metallurgical testing. The company will also continue to advance the socio-economic studies and engagement with the Quilombola communities and is in the process of engaging the engineering firm that will initiate mine plan and sequence, mine closure, infrastructure, plus resource and reserve model assessment as Lavras Gold moves toward a preliminary economic assessment (PEA). The company aims to complete both the PEA and the EIA by August, 2026, and submit the LP application by October, 2026. The company also announces the resignation of Naomi Nemeth, former vice-president, investor relations, from the company, effective Nov. 21, 2025. The company entered into an investor relations consulting agreement with 2608124 Ontario Inc. (doing business as Target IR & Communications) for investor relations and communication services and has been engaged to heighten market awareness, which includes IR planning, message development, program execution, and social media content creation and management. The consulting agreement has an initial term of six months, effective Nov. 24, 2025, and the monthly fee payable to Target IR is $10,000 (plus all applicable taxes). Target IR, its employees and consultants are at an arm's-length relationship with the company and have no direct or indirect interest in the company or its securities. The company will not issue any securities to Target IR as compensation. Jonathan Hill, director and interim vice-president of exploration for Lavras Gold, is the qualified person as defined under National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has reviewed and approved the technical information contained in this release. About Lavras Gold Corp. Lavras Gold is a Canadian exploration company focused on realizing the potential of its LDS project situated in a highly prospective gold district in southern Brazil. The LDS project is located near the town of Lavras do Sul in Rio Grande do Sul in Rio Grande do Sul state of Brazil and is primarily an intrusive-hosted gold system of possible alkaline affinity. More than 24 gold prospects centred on historic gold workings have been identified on the LDS project properties, which span more than 23,000 hectares. We seek Safe Harbor.