LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (OTCQB: LFLRF) (FSE: 3WK0) (“LaFleur Minerals” or the “Company” or “Issuer”) is pleased to announce that, further to the press releases dated July 30, 2025 and September 10, 2025, the Company has completed its unbrokered flow-through private placement for aggregate gross proceeds of $1,663,370 (the “Private Placement”). The Private Placement consisted of the issuance of 2,410,682 flow-through units (the “FT Units”) at a price of $0.69 per FT Unit, each FT Unit consisting of one common share in the capital of the Company (a “Share”), issuable as a “flow-through share” within the meaning of the Income Tax Act (Canada) (the “Tax Act”), and one Share Purchase Warrant (a “Warrant”).
The securities issued under the Offering will be subject to a holding period ending on the date four months plus one day after the date of issue, in accordance with applicable securities laws. Each Warrant entitles its holder to purchase one additional Share (a “Warrant share“) for a period of 24 months from the date of issuance at an exercise price of $0.75 per Warrant Share. The Warrants are subject to an accelerated expiration upon thirty (30) business days’ notice by the Company in the event that the Shares are traded at a volume weighted average price of at least $0.90 on the Canadian Securities Exchange for fourteen (14) consecutive trading days at any time after four (4) months following the closing of the Private Placement.
In connection with the closing of the Private Placement, the Company paid $104,652.14 in cash finder’s fees to certain eligible finders and issued to the finders an aggregate of 151,668 non-transferable Stock Purchase Warrants (the “Finder’s orders“). Each Finder’s Warrant is exercisable in one Share (a “Finder’s command share“) at a price of $0.75 per Finder’s Warrant share for a period of 24 months from the date of issuance, subject to the same accelerated expiration date.
Proceeds from the sale of FT units will be used for exploration and drilling programs for the company’s flagship, advanced-stage, district-level Swanson Gold Project (“Swanson“), located in the Abitibi Gold Belt in Val-d’Or, Québec, and progressing qualifying work such as ore grading and metallurgical testing of a large bulk sample using independent geometallurgy experts such as SGS and SRC, and the Beacon Gold Mill, a 100% owned company’s near-term gold producing assets. The ore grading and metallurgical testing work will be completed using drill cores and a large bulk sample from the Swanson Gold Deposit to inform and support mineral resource and economic viability estimates, including the potential effectiveness of ore sorting technology at Swanson.
The company is working closely with ERM to complete the Preliminary Economic Assessment (PEA) to evaluate the restart of gold production at the Beacon Gold Mill, which will primarily process mineralized material from the company’s nearby Swanson Gold Deposit. The gross proceeds from the issuance of the FT Shares will be used to incur resource exploration costs, which will constitute “Canadian exploration costs” as defined in subsection 66.1(6) of the Income Tax Act and “mining expenditure flow” as defined in subsection 127(9) of the Income Tax Act and under section 359.1 of the Québec Tax Act (the “Qualifying expenses“), which will be waived to purchasers of the FT Units effective no later than December 31, 2025 in an aggregate amount not less than the gross proceeds from the issuance of the FT Shares. In addition, with respect to Québec resident subscribers who are eligible individuals under the Québec Tax Act, the Canadian exploration costs will also be eligible for inclusion in the “exploration base with respect to certain Québec exploration costs” within the meaning of section 726.4.10 of the Québec Tax Act and for inclusion in the “exploration base in respect of certain Québec open-pit mining or oil and gas exploration costs” within the meaning of section 726.4.17.2 of the Québec Tax Act If eligible expenses are reduced by the Canada Revenue Agency, the Company will indemnify each subscriber of FT Shares for any additional taxes incurred by it. such subscriber must be paid as a result of the Company’s failure to waive the eligible expenses as agreed.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities in the United States or in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to qualification or registration under the securities laws of any such jurisdiction. The securities referred to in this press release have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “US Securities Act”), and such securities may not be offered or sold within the United States or to, or for the account or benefit of, US persons absent an exemption from registration under the US Securities Act and applicable US state securities laws. “United States” and “U.S. Person” are as defined in Regulation S of the United States Securities Act.
DECLARATION OF QUALIFIED PERSON
All scientific and technical information in this press release has been prepared and approved by Louis Martin, P.Geo. (OGQ), Exploration Manager and Technical Advisor to the company and considered a Qualified Person (QP) for the purposes of NI 43-101.
About LaFleur Minerals Inc.
LaFleur Minerals Inc. (CSE: LFLR,OTC:LFLRF) (FSE: 3WK0) focuses on the development of district-scale gold projects in the Abitibi Gold Belt near Val-d’Or, Québec. Our mission is to advance mining projects with a laser focus on our Swanson Gold Deposit and the Beacon Gold Mill at the resource stage, which have significant potential to deliver long-term value. The Swanson Gold Project covers approximately 18,304 hectares (183 km²).2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines and Globex Mining. LaFleur recently consolidated a large land parcel along a major structural fault that hosts the Swanson, Bartec and Jolin gold deposits and several other deposits that are part of the Swanson Gold Project. Easily accessible by road, the Swanson Gold Project offers direct access to several nearby gold mills, further increasing its development potential. Lafleur Mineral’s fully renovated and approved Beacon Gold Mill can process more than 750 tonnes per day and is being considered for mineralized material processing at Swanson and custom milling operations for other nearby gold projects.
ON BEHALF OF LaFleur Minerals INC.
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this press release.
Cautionary Note Regarding “Forward-Looking” Information
This press release contains certain statements that may be deemed “forward-looking statements.” All statements in this new press release, other than statements of historical fact, that relate to events or developments that the Company expects to occur are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “could”, “may”, “could” or “should” occur. Forward-looking statements in this press release include, without limitation, statements regarding the expected use of proceeds from the LIFE Offering. Although the Company believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the company’s management on the date the statements are made. Except as required by applicable securities laws, the Company assumes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
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