GlobeNewswire·Apr 28, 2026, 11:21 AM ET

LaFleur Minerals Acquires McKenzie East Gold Project Expanding Val-d'Or Gold Portfolio; Advances Aggressive Drilling at Swanson Gold Project

LFLRF

LaFleur Minerals Inc. entered an arm's-length agreement to acquire the 100% interest in the McKenzie East Gold Project in Québec's Val-d'Or district.
The acquisition cost consists of $30,000 in cash & the issuance of 175,000 common shares to the Vendor, subject to exchange approval.
The 46-claim McKenzie East property spans 1,781.18 hectares & is contiguous with Fresnillo plc's McKenzie Break Gold Deposit.
Historical drilling by the Vendor identified gold mineralization, including 0.61 g/t Au over 1 metre with a coarse fraction grading 8.01 g/t Au.
LaFleur plans aggressive exploration to define resources & create potential mill feed sources for its nearby Beacon Gold Mill.
The Company's Swanson Gold Project recently reported strong drilling results, including 1.18 g/t Au over 255.04 metres & localized high-grade zones up to 86.8 g/t Au over 1 metre.
LaFleur aims to build a district-scale resource base around the Beacon Gold Mill to support a restart scenario & capacity upgrades to 3,000-4,000 tonnes per day.
A previously announced term sheet with Trafigura Canada Limited provides a C$30 million prepayment facility & gold offtake agreement to support mill operations.
Historical resource data for the adjacent McKenzie Break Deposit shows an indicated resource of 146,000 ounces at 3.2 g/t Au & an inferred resource of 250,600 ounces at 3.1 g/t Au.
The Company notes that no discussions have been initiated with Fresnillo plc regarding future acquisition or partnership opportunities for the adjacent deposit.