Lavras Gold Intersects High-Grade Gold at Caneleira, Supporting Near-Surface Continuity of the Vein System

Shallow drilling has provided further evidence near-surface continuity of the high-grade, northwest-southeast trending vein system at Caneleira - the primary objective of the infill program (see news release dated May 19, 2026), when the highest-grade intercepts reported to date sat more than 100 metres below surface. At Caneleira East (previously referred to by the Company as the Olaria gold discovery), located approximately 3.1 kilometres northeast of the Butia Gold Deposit, new drilling has intersected gold mineralization up-dip and closer to surface than the discovery intercept, advancing the follow-up work identified in the Company's December 2, 2024 news release. The highest-grade intersection reported to date at Caneleira was observed from this batch of assays include: Hole 26CN044 intercepted 24.30 grams per tonne ("g/t") gold ("Au") over a drilled width of 9 metres ("m") from 87m, including 99.56 g/t Au over a drilled width of 0.85m from 92.73m. Significant near-surface intersections at Caneleira include: Hole 26CN051 intercepted 9.31 g/tAu over a drilled width of 4m from 10m, including 17.29 g/t Au over a drilled width of 2m from 11m; Hole 26CN040 intercepted 6.94 g/t Au over a drilled width of 1m from 14m, and 4.63 g/t Au over a drilled width of 15.46m from 71m, including 21.80 g/t Au over a drilled width of 3m from 75m; and Hole 26CN047 intercepted 6.71 g/t Au over a drilled width of 1m from 25m and 6.18 g/t Au over a drilled width of 1m from 51m. Significant intersections at Caneleira East include: Hole 26CNO022 intercepted 2.51 g/t Au over a drilled width of 22m from 78m, including 20.08 g/t Au over a drilled width of 1m from 85m; Hole 26CNO024 intercepted 1.87 g/t Au over a drilled width of 18m from 49m, including 6.39 g/t Au over a drilled width of 4m from 63m, and including 12.15 g/t Au over a drilled width of 1m from 66m; and Hole 26CNO021 intercepted 3.10 g/t Au over a drilled width of 13m from 51m, including 21.46 g/t Au over a drilled width of 1m from 61m. The Company also discloses, for the first time on a hole-by-hole basis, results from 15 Caneleira East holes drilled during 2024 and 2025, which corroborate the near-surface continuity mentioned above - including 1.48 g/t Au over a drilled width of 10m from surface in hole 25CNO011, and 2.39 g/t Au over a drilled width of 6m from 27m in hole 25CNO015. *Drilled width, true width not known. Toronto, Ontario--(Newsfile Corp. - August 24, 2026) - Lavras Gold Corp. (TSXV: LGC) (OTCQX: LGCFF) ("Lavras Gold" or the "Company") is pleased to announce final drill results from its 2026 exploration campaign on the Caneleira Mining Concession, within the Lavras do Sul Project ("LDS Project" or the "Project") in southern Brazil. The campaign, completed in June 2026, tested both the Caneleira target and the Caneleira East gold discovery located to the northeast. This news release reports assay results for 23 diamond drill holes (or 2,595.17m ) at Caneleira (holes 26CN029 to 26CN051), and for 5 diamond drill holes (or 846.87m) at Caneleira East (holes 26CNO021 to 26CNO025) (see Table 1). Assay results for the final 6 holes (or 524.77m) of the campaign remain pending (26CN052 to 26CN057). In addition, and in advance of resource work on the Caneleira Mining Concession, the Company is disclosing individual assay results for 15 Caneleira East holes completed during 2024 and 2025 that had not previously been reported on a hole-by-hole basis. These holes form part of the 3,985m in 16 holes drilled at Caneleira East during 2025 as disclosed in the Company's 2025 annual management's discussion ("MD&A") and analysis (filed on SEDAR+ on March 10, 2026 and reported in the MD&A as Olaria). Results are set out in Table 4 and discussed under "Caneleira East - Consolidated Disclosure of 2024-2025 Drilling" below. The defining outcome of this campaign is the confirmation of high-grade gold mineralization at shallow depths across both targets. When the Company announced its infill drill program on May 19, 2026, the high-grade intercepts reported to date at Caneleira sat more than 100 metres below surface, and the stated objective of that program was to confirm whether this mineralization projected to surface. Hole 26CN051, which returned 9.31 g/t Au over a drilled width of 4m from 10m downhole, answered this question. At Caneleira East, the 2024 discovery release identified testing for continuity of mineralization up-dip and closer to surface as a priority next step (see news release dated December 2, 2024); holes 26CNO021, 26CNO022 and 26CNO024 have now intersected significant mineralization between approximately 49m and 100m downhole, well above the 152m depth of the 56m discovery intercept in hole 24CNO-002. "The significance of the latest drilling is that we are now seeing high-grade mineralization at much shallower depths at Caneleira, together with additional up-dip mineralization at Caneleira East," commented Jonathan Hill, Interim Vice President of Exploration, Lavras Gold. "These results improve our geological understanding of both targets and support advancing them toward resource-definition work. Their proximity to Fazenda-Butia also makes them relevant to future project-level studies, subject to establishing mineral resources and completing the appropriate technical and economic evaluation. "Today's results are another strong step forward for Lavras. They sharpen the district-scale case that sits alongside our flagship Fazenda-Butia development, which is the first phase of the LDS project. Advancing Fazenda-Butia through permitting remains our core focus," added Federico Velásquez, President and Chief Executive Officer of Lavras Gold. "What has changed with these results is that we now have further evidence of high-grade gold close to surface across the Caneleira Mining Concession. The Caneleira and Caneleira East targets give us a credible second and third source of gold inventory to feed our future plant; and we intend to move both targets toward resource definition in one global resource model." Table 1. Best intersections from 2026 drilling; includes 23 diamond drill holes at Caneleira and 5 diamond drill holes at Caneleira East performed by Lavras Gold Drill Hole From (m) To (m) Interval (m) Grade (g/t Au) 26CN051 10.00 14.00 4.00 9.310 Including 11.00 13.00 2.00 17.290 26CN040 14.00 15.00 1.00 6.940 71.00 86.46 15.46 4.632 Including 75.00 78.00 3.00 21.800 26CN047 25.00 26.00 1.00 6.710 51.00 52.00 1.00 6.180 26CN037 36.00 37.00 1.00 8.150 26CN044 87.00 96.00 9.00 24.300 Including 92.73 93.58 0.85 99.560 26CNO021 51.00 64.00 13.00 3.100 Including 61.00 62.00 1.00 21.460 26CNO022 78.00 100.00 22.00 2.510 Including 85.00 86.00 1.00 20.080 26CNO024 49.00 67.00 18.00 1.870 Including 63.00 67.00 4.00 6.390 Including 66.00 67.00 1.00 12.150   Intervals represent drilled width; true widths have not been determined at this time. Assumes 0.25 g/t gold cut-off grade, no top cut. In hole 26CN044 the two contiguous assayed sub-intervals 92.73-93.10m (151.50 g/t Au) and 93.10-93.58m (59.53 g/t Au) are reported here as a single weighted composite of 99.56 g/t Au over 0.85m; both are tabulated individually in Table 2. Figure 1 - Target location map showing Fazenda-Butia, Caneleira, Caneleira West Matilde and Cerrito within the Lavras do Sul Project, with gold-in-soil anomalism highlighted. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/10429/310974_b1aae0bdb49018c9_001full.jpg Figure 2 - Location map showing the main Lavras Gold Project deposits, exploration targets and the proposed Industrial Plant Area. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/10429/310974_b1aae0bdb49018c9_002full.jpg Caneleira Target Gold mineralization at Caneleira is hosted in NNE-oriented cataclastic zones with strong hydrothermal alteration, quartz veining and sulfide mineralization, locally associated with visible gold, and by the northwest-southeast trending, higher-grade vein system first reported in May 2026, associated with magnesium-rich sphalerite and coarse visible gold within the hanging wall of lamprophyre dykes. Mineralization remains open both along strike and at depth. The near-surface results are the most significant outcome of recent drilling. Hole 26CN051 returned 9.31 g/t Au over a drilled width of 4m from 10m, including 17.29 g/t Au over 2m from 11m. This is supported by high-grade intercepts at shallow depths in several other holes, including 6.94 g/t Au over 1m from 14m in hole 26CN040, 6.71 g/t Au over 1m from 25m and 6.18 g/t Au over 1m from 51m in hole 26CN047, 8.15 g/t Au over 1m from 36m in hole 26CN037, and 3.18 g/t Au over 1m from 2m in hole 26CN030. Taken together, these intercepts provide evidence that the high-grade vein system extends to substantially shallower depths than previously demonstrated and support the Company's interpretation of continuity between the shallow and deeper portions of the system. The extent and true width of the mineralized structures remain subject to further drilling and geological interpretation. This release also closes out hole 26CN032, illustrated in Figure 5 of the May 19, 2026 release as a shallow sulphide-mineralized intercept with assays pending. The hole has returned 0.74 g/t Au over 4m from 7m, 1.23 g/t Au over 2m from 40m, 3.02 g/t Au over 1m from 59m and 1.42 g/t Au over 1m from 70m, confirming that the shallow zones logged at the time do represent near-surface expressions of the deeper high-grade structures. At depth, hole 26CN044 returned the highest-grade interval reported to date at Caneleira, with 24.30 g/t Au over a drilled width of 9m from 87m, including 99.56 g/t Au over a drilled width of 0.85m from 92.73m. Hole 26CN040 returned a broader intercept of 4.63 g/t Au over a drilled width of 15.46m from 71m, including 21.80 g/t Au over 3m, reinforcing the lateral and vertical continuity of the mineralized corridor. Of the 23 Caneleira holes reported in this release, 22 returned intersections above the Company's 0.25 g/t Au disclosure threshold and one hole (26CN036) did not return a significant result. Assay results remain pending for the final 6 holes of the campaign (26CN052 to 26CN057). Figure 3 - Plan view of the Caneleira target showing new and previously reported drill hole traces, the mineralized envelope and the NW-SE vein trend over TMI magnetics. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/10429/310974_b1aae0bdb49018c9_003full.jpg Figure 4.1 - Section showing the near-surface high-grade intercepts (26CN051, 26CN040, 26CN047) projected against the deeper intercepts in 25CN016, 26CN019 and 26CN044. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/10429/310974_b1aae0bdb49018c9_004full.jpg Figure 4.2 - Section showing the near-surface high-grade intercepts (26CN041, 26CN047, 26CN048) projected against the deeper intercepts in 26CN026. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/10429/310974_b1aae0bdb49018c9_005full.jpg Figure 5 - Section showing the near-surface high-grade intercepts (26CN051, 26CN040, 26CN047) projected against the deeper intercepts in 25CN016, 26CN019 and 26CN044. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/10429/310974_b1aae0bdb49018c9_006full.jpg Figure 6 - Drill core from holes 26CN044 and 26CN040, showing the high grade mineralization styles. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/10429/310974_b1aae0bdb49018c9_007full.jpg Figure 7 - Drill core from hole 26CN051, interval ~11-13 m, showing the style of near-surface mineralization. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/10429/310974_b1aae0bdb49018c9_008full.jpg Core logging supported by a hydrothermal alteration study completed in August 2026 has defined a consistent alteration zoning at Caneleira that is being used as a vector towards the higher-grade zones. Three alteration types are recognized in the host monzogranite, each developed in both fissural and pervasive styles and increasing in intensity towards mineralization: a distal zone of K-feldspar (hematite-stained microcline) enriched, desilicified monzogranite; an intermediate zone in which that assemblage has been overprinted by silicification; and a proximal zone where chlorite, with subordinate white mica, is superimposed on the silicified rock. The proximal zone carries the highest gold grades. The sequence is interpreted to record potassium metasomatism accompanied by quartz leaching, which generated dilational space for the deposition of gold-bearing pyrite, followed by re-precipitation of silica as the mineralizing fluid evolved; early desilicification followed by silicification also accounts for the breccia-style textures locally developed in the most intensely altered zones. The same zoning is developed at Fazenda-Butia and Matilde, with two distinctions at Caneleira: chlorite dominates over white mica in the proximal zone, and the sodium-enriched alteration stage recognized at Fazenda-Butia has not been observed. Figure 8 - Hydrothermal alteration sequence at Caneleira, from fresh monzogranite (left) through K-feldspar enriched monzogranite (Type 1, distal), K-feldspar enriched silicified monzogranite (Type 2, intermediate) and chlorite ± white mica silicified monzogranite (Type 3, proximal), each shown in fissural and pervasive styles. Alteration intensity increases to the right, towards the highest gold grades. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/10429/310974_b1aae0bdb49018c9_009full.jpg Caneleira East Target Caneleira East was announced under the name Olaria as a new discovery on December 2, 2024, when hole 24CNO-002 returned 56m of continuous gold mineralization grading 0.97 g/t Au from 152m downhole - approximately 134m vertical - including 4.53 g/t Au over 4m and 9.16 g/t Au over 1m. The target is located approximately 3.1 kilometres northeast of the Butia Gold Deposit, within the Caneleira Mining Concession, and is interpreted as a structurally controlled cataclastic gold system associated with northeast-southwest trending structures. Caneleira East - 2026 Drilling The five holes completed at Caneleira East in 2026 delivered on the December 2024 objective of testing for continuity of gold mineralization up-dip, closer to surface (see news release dated December 2, 2024) as seen by: Hole 26CNO022 returned 2.51 g/t Au over a drilled width of 22m from 78m, including 20.08 g/t Au over 1m from 85m; Hole 26CNO024, the northeastern-most hole of the group, returned 1.87 g/t Au over a drilled width of 18m from 49m, including 6.39 g/t Au over 4m from 63m and 12.15 g/t Au over 1m from 66m Hole 26CNO021 returned 3.10 g/t Au over a drilled width of 13m from 51m, including 21.46 g/t Au over 1m from 61m; and Holes 26CNO023 and 26CNO025 returned broader, lower-grade intervals of 0.40 g/t Au over 9m and 0.51 g/t Au over 8.39m respectively. All five of the 2026 holes intersected gold mineralization. The mineralized intervals in holes 26CNO021, 26CNO022 and 26CNO024 sit between approximately 49m and 100m downhole, substantially shallower than the 152m to 208m discovery interval in hole 24CNO-002, and at grades comparable to or above that intercept. Together with the 2026 results, drilling has now intersected gold mineralization at Caneleira East at depths ranging from surface to approximately 400 metres downhole. These results support the Company's interpretation of a vertically extensive mineralized system, which remains open and subject to further drilling and geological interpretation. Caneleira East - Consolidated Disclosure of 2024-2025 Drilling In parallel with reporting the 2026 results above, and in advance of resource work on the Caneleira Mining Concession, the Company is disclosing individual assay results for the Caneleira East holes completed during 2024 and 2025 that had not previously been reported on a hole-by-hole basis. As disclosed in the Company's 2025 annual MD&A, drilling on the Caneleira Mining Concession during 2025 totaled 7,113m in 27 holes, of which Caneleira East accounted for 3,985m in 16 holes - the largest single allocation of drilling on the concession that year. Results for 15 such holes are tabulated in Table 4. These holes were drilled as step-outs along strike to the northeast and southwest of the discovery and as up-dip tests, and are generally characterized by broad, moderate-grade cataclastic mineralization with discrete higher-grade intervals. The results are consistent with, and support, the 2026 drilling reported above. Notable intercepts include: Hole 25CNO011 intercepted 1.48 g/t Au over a drilled width of 10m from surface, and 0.33 g/t Au over a drilled width of 14m from 27m; Hole 25CNO015 intercepted 2.39 g/t Au over a drilled width of 6m from 27m, including 4.32 g/t Au over a drilled width of 2m from 30m; Hole 25CNO020 intercepted 11.00 g/t Au over a drilled width of 1m from 26m; Hole 25CNO008 intercepted 2.60 g/t Au over a drilled width of 3m from 58m; and Hole 25CNO014 intercepted 0.79 g/t Au over a drilled width of 18m from 380m, including 11.00 g/t Au over a drilled width of 1m from 389m, extending the system to depth. The shallow intercepts in holes 25CNO011, 25CNO015 and 25CNO020 - all within 33m of surface - corroborate the up-dip continuity demonstrated by the 2026 drilling, while hole 25CNO014 confirms the system persists to at least 390m downhole. Together with the 2026 results, drilling now defines gold mineralization at Caneleira East from surface to approximately 400m depth. Figure 9 - Plan view of Caneleira East showing all drill collars: the 2024 discovery holes (24CNO-001, 24CNO-002, 24CNO-007, LDH-105), the 2024-2025 holes now disclosed, and the 2026 holes 26CNO021 to 26CNO025. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/10429/310974_b1aae0bdb49018c9_010full.jpg Figure 10 - Section through Caneleira East showing up-dip continuity from the 24CNO-002 discovery intercept to the near-surface intercepts in 25CNO011, 25CNO015 and 26CNO021/022/024. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/10429/310974_b1aae0bdb49018c9_011full.jpg Figure 11 - Drill core from hole 26CNO022, interval ~85-86 m. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/10429/310974_b1aae0bdb49018c9_012full.jpg Caneleira and Caneleira East Geology The Lavras do Sul Intrusive Complex comprises multiple intrusive bodies with varied compositions, mainly biotite-granodiorites and biotite-monzogranites, plus perthitic granites, syenites and ultramafic rocks including lamprophyre bodies. The complex has experienced multiple hydrothermal alteration cycles along NNE-trending structures, locally overprinted by the northwest-southeast trending, higher-grade vein system associated with magnesium-rich sphalerite and visible gold identified at Caneleira. Pyrite remains the dominant sulfide across both targets, with galena, sphalerite and chalcopyrite also present. Caneleira East is characterized by structurally controlled cataclastic mineralization associated with northeast-southwest trending structures, a style distinct from the northwest-southeast vein system at Caneleira. Both sit within the same Caneleira Mining Concession and within the largest and most coherent gold-in-soil anomaly on the Company's approximately 20,300-hectare property, supporting the interpretation of a district-scale hydrothermal system capable of hosting multiple discrete high-grade zones across more than one structural orientation. Ongoing and Planned Work The 2026 drill campaign on the Caneleira Mining Concession was completed in June 2026. The infill program announced on May 19, 2026 met its stated objective of confirming near-surface continuity of high-grade mineralization at Caneleira, and drilling at Caneleira East has confirmed mineralization up-dip of the 2024 discovery intercept. The Company plans to use the results of the current drilling, together with the existing geological database, to support an initial Mineral Resource Estimate for Caneleira. The Company also plans to update the Mineral Resource Estimates for Fazenda-Butia and Cerrito and prepare an initial Mineral Resource Estimate for Matilde as part of a consolidated review of the LDS Project's mineral resource inventory. Assay results for the final 6 pending Caneleira holes (26CN052 to 26CN057), representing the last results of the current drill campaign, will be released as received from the laboratory and incorporated into this work as appropriate. Qualified Person Jonathan Hill, Director and Interim Vice President of Exploration for Lavras Gold Corp., 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. QA/QC Quality Assurance & Quality Control: Sample handling, preparation, and analysis are monitored through the implementation of formal chain-of-custody procedures and quality assurance/quality control programs designed to follow industry best practices. All drill hole samples in this drilling program consist of split NQ diamond drill core. Drill core is logged and sampled in a secure facility located in Lavras do Sul, Rio Grande do Sul State, Brazil. Drill core samples for gold assay are cut in half using a diamond saw and submitted to ALS Laboratories Inc. in Goiania, Goiás State, Brazil for preparation by crushing to 85% passing 1.0 mm, riffle splitting to obtain 500g aliquots, and pulverizing to 85% passing 75 microns. Pulps are shipped to ALS Laboratories Inc. in Lima, Peru and analyzed by a 50g fire assay and AAS finish. Three 50g aliquots are taken for samples in the mineralized zone and one aliquot is taken in fresh rocks. The average grade of the three aliquots is used to determine the final grade of the mineralized sample. Certified standards, non-certified blanks and field duplicates are inserted into the sample stream at regular intervals, so that QA/QC accounted for about 10% of the total samples. Results are routinely evaluated for accuracy, precision, and contamination. Lavras Gold has been targeting larger intersections of greater than 0.25 g/t gold. Intersections that are lower than this threshold may provide exploration insight and may therefore be disclosed. The Company maintains a robust QA/QC program that includes the collection and analysis of duplicate samples and the insertion of blanks and standards (certified reference material). About the LDS Project The LDS Project is centred on the town of Lavras do Sul in Rio Grande do Sul, Brazil. It is approximately 320 kilometres, or a 4.5-hour drive, from the state capital of Porto Alegre. The Company, through its subsidiary, holds, directly or indirectly, contractual interests over 31 mineral rights covering approximately 20,300 hectares. The LDS intrusive complex is a multiphase intrusive centre surrounded by coeval volcanic rocks to the east. Geologically, LDS lies in the far south of the Neoproterozoic Mantiqueira Province, a 2,700-kilometre-long belt of tectonically and magmatically accreted terrains stretching as far south as the coastline of central Uruguay and north into southern Bahia State in Brazil. The most advanced targets are the Butia and Cerrito gold deposits. Butia hosts Measured mineral resources of 4.6 million tonnes grading 0.88 g/t gold containing 132,000 ounces of gold and Indicated mineral resources of 8.3 million tonnes grading 0.92 g/t gold containing 246,000 ounces of gold (total Measured and Indicated mineral resources of 12.9 million tonnes grading 0.91 g/t gold containing 377,000 ounces of gold), and Inferred mineral resources of 3.7 million tonnes grading 0.97 g/t gold containing 115,000 ounces of gold. Cerrito hosts Indicated mineral resources of 8.3 million tonnes grading 0.70 g/t gold containing 188,000 ounces of gold and Inferred mineral resources of 13.2 million tonnes grading 0.69 g/t gold containing 293,000 ounces of gold. Mineral resources are reported at a gold cut-off grade of 0.30 g/t. Numbers may not sum due to rounding. Mineral resources are not mineral reserves and do not have demonstrated economic viability. The Caneleira Mining Concession is 100% controlled by the Company and forms part of the LDS Project. 1. NI 43-101 Technical Report Mineral Resource for the Butia Gold Prospect, Rio Grande do Sul, Brasil. Prepared by VMG Consultoria e Soluções Ltda., effective date January 25, 2022, amended report date November 15, 2024. 2. NI 43-101 Technical Report Mineral Resource for the Cerrito Gold Prospect, Rio Grande do Sul, Brasil. Prepared by VMG Consultoria e Soluções Ltda., effective date May 31, 2022, amended report date November 15, 2024. These reports are available on the Company's website and at www.sedarplus.ca under Lavras Gold's issuer profile. About Lavras Gold Corp. Lavras Gold Corp. 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 State, 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 approximately 20,300 hectares. For more information on Lavras Gold visit www.lavrasgold.com. On Behalf of Lavras Gold Corp. "Federico Velásquez" President & Chief Executive Officer Federico Velásquez, President & Chief Executive Officer Phone: +1-289-624-1375 Email: [email protected] Website: www.lavrasgold.com Disclaimer: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-looking statements: This news release includes certain "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively "forward looking statements"). Forward-looking information in this news release includes, but is not limited to, statements regarding the timing and receipt of pending assay results; the Company's plans to complete further drilling, geological interpretation and resource-definition work at Caneleira and Caneleira East; the preparation and timing of an initial Mineral Resource Estimate for Caneleira, updated Mineral Resource Estimates for Fazenda-Butia and Cerrito and an initial Mineral Resource Estimate for Matilde; the incorporation of pending results into that work; the advancement and permitting of Fazenda-Butia; and the potential future evaluation of Caneleira and Caneleira East in project-level technical studies. Forward-looking information is based on management's current expectations and assumptions, including assumptions regarding exploration results, geological continuity, availability of personnel and equipment, laboratory turnaround times, regulatory approvals, financing, commodity prices and the Company's ability to execute its exploration and development plans. Actual results may differ materially as a result of exploration risk, the possibility that further drilling does not confirm current geological interpretations, changes in project parameters, results of future mineral resource estimates and technical studies, availability and cost of capital, changes in commodity prices, delays in laboratory results or regulatory approvals, title risks, environmental risks and other risks described in the Company's continuous disclosure filings. Readers are cautioned not to place undue reliance on forward-looking information. Except as required by applicable securities laws, the Company undertakes no obligation to update such information. Table 2. Results for 23 diamond drill intersections at Caneleira performed by Lavras Gold since its last disclosure of May 19, 2026 (holes 26CN029 - 26CN051; holes 26CN052 - 26CN057 pending assay) Drill Hole From (m) To (m) Interval (m) Grade (g/t Au) 26CN029 27.00 32.00 5.00 0.325 61.00 63.00 2.00 2.730 112.00 129.00 17.00 0.460 206.00 211.00 5.00 1.350 26CN030 0.00 4.00 4.00 1.020 Including 2.00 3.00 1.00 3.180 103.00 112.00 9.00 0.200 164.00 166.00 2.00 4.310 Including 164.00 165.00 1.00 7.710 199.00 201.00 2.00 0.450 214.00 215.85 1.85 0.400 26CN031 97.00 99.00 2.00 0.200 107.00 108.00 1.00 2.210 151.00 154.00 3.00 0.300 26CN032 7.00 11.00 4.00 0.740 40.00 42.00 2.00 1.230 59.00 60.00 1.00 3.020 70.00 71.00 1.00 1.420 26CN033 12.00 13.00 1.00 1.060 26.00 28.00 2.00 0.720 26CN034 1.00 2.00 1.00 0.210 26CN035 13.00 14.00 1.00 0.280 26CN036 - - - No significant results 26CN037 36.00 37.00 1.00 8.150 48.00 62.00 14.00 0.570 26CN038 7.00 8.00 1.00 0.525 38.00 38.50 0.50 2.630 64.00 66.00 2.00 0.870 26CN039 0.00 7.00 7.00 0.380 45.81 49.00 3.19 0.308 72.77 74.00 1.23 6.190 26CN040 14.00 15.00 1.00 6.940 71.00 86.46 15.46 4.632 Including 75.00 78.00 3.00 21.800 Including 75.49 76.00 0.51 48.530 26CN041 46.00 47.00 1.00 1.570 52.00 55.33 3.33 0.810 74.25 78.15 3.90 2.690 Including 76.00 76.40 0.40 7.930 26CN042 11.00 12.00 1.00 1.980 19.00 22.00 3.00 0.880 26.00 32.00 6.00 0.255 41.00 42.00 1.00 7.430 91.00 94.00 3.00 0.555 115.84 118.00 2.16 0.628 122.00 125.40 3.40 0.546 26CN043 31.00 33.00 2.00 0.389 38.00 39.00 1.00 0.549 26CN044 87.00 96.00 9.00 24.300 Including 92.73 93.10 0.37 151.500 Including 93.10 93.58 0.48 59.530 118.00 122.00 4.00 0.393 26CN045 12.00 13.72 1.72 0.579 18.00 19.00 1.00 0.394 50.00 52.00 2.00 0.298 26CN046 53.00 54.00 1.00 0.285 26CN047 0.00 4.00 4.00 0.287 25.00 26.00 1.00 6.710 51.00 52.00 1.00 6.180 26CN048 1.00 3.00 2.00 0.224 18.00 23.20 5.20 1.385 26CN049 43.00 44.00 1.00 0.721 57.00 61.00 4.00 2.470 Including 57.00 58.00 1.00 6.000 70.30 70.65 0.35 1.145 26CN050 48.25 48.86 0.61 1.975 26CN051 10.00 14.00 4.00 9.310 Including 11.00 13.00 2.00 17.290 27.00 29.00 2.00 1.050 62.21 64.00 1.79 0.767 26CN052 - - - Assays pending 26CN053 - - - Assays pending 26CN054 - - - Assays pending 26CN055 - - - Assays pending 26CN056 - - - Assays pending 26CN057 - - - Assays pending   Intervals represent drilled width; true widths have not been determined at this time. Assumes 0.25 g/t gold cut-off grade, no top cut. Table 3. Results for 5 diamond drill intersections at Caneleira East performed by Lavras Gold in 2026 (holes 26CNO021 - 26CNO025) Drill Hole From (m) To (m) Interval (m) Grade (g/t Au) 26CNO021 51.00 64.00 13.00 3.100 Including 61.00 62.00 1.00 21.460 72.00 74.00 2.00 0.330 26CNO022 19.00 20.00 1.00 1.380 33.00 34.00 1.00 1.630 69.00 72.00 3.00 0.424 78.00 100.00 22.00 2.510 Including 79.00 80.00 1.00 6.210 Including 85.00 86.00 1.00 20.080 107.00 108.00 1.00 1.810 175.00 186.00 11.00 3.980 Including 180.00 183.00 3.00 7.830 Including 180.00 181.00 1.00 15.600 26CNO023 165.00 174.00 9.00 0.404 26CNO024 49.00 67.00 18.00 1.870 Including 63.00 67.00 4.00 6.390 Including 66.00 67.00 1.00 12.150 102.00 105.00 3.00 1.030 26CNO025 82.00 91.00 9.00 0.400 106.00 114.39 8.39 0.510   Intervals represent drilled width; true widths have not been determined at this time. Assumes 0.25 g/t gold cut-off grade, no top cut. Table 4. Results for Caneleira East diamond drill holes completed in 2024 and 2025 not previously reported on a hole-by-hole basis Drill Hole From (m) To (m) Interval (m) Grade (g/t Au) 25CNO011 0.00 10.00 10.00 1.478 27.00 41.00 14.00 0.326 25CNO015 27.00 33.00 6.00 2.393 Including 30.00 32.00 2.00 4.315 25CNO020 26.00 27.00 1.00 11.000 25CNO008 58.00 61.00 3.00 2.597 25CNO017 84.00 86.00 2.00 1.555 110.00 122.00 12.00 0.752 Including 114.00 116.00 2.00 2.230 173.00 174.00 1.00 1.740 25CNO013 57.00 63.00 6.00 0.872 70.00 75.00 5.00 0.299 117.00 123.00 6.00 0.255 132.00 140.00 8.00 0.293 144.00 149.00 5.00 0.453 170.00 178.00 8.00 0.432 204.00 208.00 4.00 0.972 259.00 266.00 7.00 0.881 Including 265.00 266.00 1.00 3.140 288.00 289.00 1.00 0.836 309.00 310.00 1.00 1.730 25CNO014 107.00 117.00 10.00 0.627 171.00 183.00 12.00 0.391 201.00 204.00 3.00 0.298 235.00 239.00 4.00 0.425 290.00 291.00 1.00 2.810 380.00 398.00 18.00 0.792 Including 389.00 390.00 1.00 11.000 25CNO005 137.00 160.00 23.00 0.378 172.00 175.00 3.00 0.534 25CNO006 46.00 57.00 11.00 0.640 139.00 166.00 27.00 0.316 25CNO007 12.00 16.00 4.00 0.528 33.00 44.00 11.00 0.203 276.00 294.00 18.00 0.218 25CNO012 187.00 191.00 4.00 0.520 203.00 207.00 4.00 0.307 25CNO016 59.00 61.00 2.00 0.611 69.00 79.00 10.00 0.284 25CNO019 0.00 1.00 1.00 0.433 37.00 44.00 7.00 0.279 73.00 75.00 2.00 0.959 159.00 164.00 5.00 0.456 195.00 201.00 6.00 0.187 24CNO003 182.00 189.00 7.00 0.281 249.00 253.00 4.00 0.212 24CNO004 38.00 40.00 2.00 0.220 218.00 222.00 4.00 0.182   Intervals represent drilled width; true widths have not been determined at this time. Assumes 0.25 g/t gold cut-off grade, no top cut; intervals below this threshold are disclosed where they provide exploration insight. Holes are listed in order of significance, not sequentially. Table 5. Diamond drill hole location data - Caneleira (holes 26CN029 - 26CN057) Drill Hole Easting Northing Elevation (m) Azimuth (°) Dip (°) Start Depth (m) Final Depth (m) 26CN029 218853 6588165 340 290 -60 0 295.24 26CN030 219021 6588497 351 110 -60 0 215.85 26CN031 218956 6588478 342 110 -60 0 273.90 26CN032 219122 6588512 343 200 -60 0 87.45 26CN033 219258 6588508 347 020 -60 0 77.40 26CN034 219155 6588542 343 020 -60 0 69.93 26CN035 219166 6588447 367 020 -60 0 106.80 26CN036 219114 6588573 321 020 -60 0 72.11 26CN037 219143 6588404 346 020 -60 0 151.50 26CN038 219275 6588486 324 200 -60 0 72.53 26CN039 219150 6588541 346 200 -60 0 78.14 26CN040 219082 6588404 341 020 -60 0 102.34 26CN041 219115 6588568 347 200 -60 0 89.05 26CN042 219318 6588479 382 200 -60 0 132.64 26CN043 219212 6588448 354 020 -60 0 68.98 26CN044 218953 6588478 324 020 -60 0 125.20 26CN045 219261 6588432 352 020 -60 0 76.85 26CN046 218909 6588489 328 020 -60 0 67.39 26CN047 219360 6588466 357 200 -60 0 64.07 26CN048 219404 6588445 365 200 -60 0 119.31 26CN049 219000 6588460 341 020 -60 0 93.54 26CN050 219440 6588430 364 200 -60 0 78.80 26CN051 218999 6588457 347 200 -60 0 76.15 26CN052 219199 6588386 351 020 -60 0 72.94 26CN053 218921 6588533 338 020 -60 0 129.00 26CN054 219241 6588346 352 020 -60 0 86.96 26CN055 218919 6588531 332 200 -60 0 91.62 26CN056 219280 6588304 332 020 -60 0 71.14 26CN057 219344 6588303 342 020 -60 0 73.11   Coordinates as supplied by site and rounded to the nearest metre. Table 6. Diamond drill hole location data - Caneleira East Drill Hole Easting Northing Elevation (m) Azimuth (°) Dip (°) Start Depth (m) Final Depth (m) 24CNO003 220124 6588107 294 290 -60 0 227.28 24CNO004 220115 6588122 337 110 -60 0 264.95 25CNO005 220445 6588751 309 110 -55 0 211.08 25CNO006 220583 6588515 318 290 -60 0 267.48 25CNO007 220325 6588547 336 290 -60 0 405.85 25CNO008 220812 6588938 328 290 -60 0 195.63 25CNO011 220680 6588821 327 110 -60 0 136.09 25CNO012 220702 6589020 340 110 -60 0 237.95 25CNO013 220587 6588693 313 290 -70 0 346.18 25CNO014 220445 6588534 320 290 -60 0 474.79 25CNO015 220314 6588550 321 110 -60 0 174.42 25CNO016 220518 6588622 301 110 -60 0 220.17 25CNO017 220514 6588617 314 290 -60 0 22.00 25CNO019 220616 6588067 298 270 -60 0 240.92 25CNO020 220713 6588344 309 200 -60 0 177.59 26CNO021 220662 6588709 315 290 -60 0 150.88 26CNO022 220601 6588729 357 110 -60 0 229.17 26CNO023 220694 6588747 293 290 -60 0 222.89 26CNO024 220729 6588790 317 290 -60 0 129.54 26CNO025 220603 6588635 304 290 -60 0 114.39   Coordinates as supplied by site and rounded to the nearest metre. Final depths, and collar data for holes 26CNO022 to 26CNO025, to be supplied and verified against the final compiled survey dataset before publication. Coordinates for holes 24CNO-001, 24CNO-002 and 24CNO-007 were disclosed in the December 2, 2024 release and are not repeated here. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/310974