Labrador Gold Provides Summary of 2024 Achievements and Looks Forward to 2025

Project Highlights - Prospecting along the Thurber gold trend in 2024 revealed significant potential, with the highest-grade sample of 32.32g/t Au found at Thurber North, and anomalous samples of 0.96g/t Au and 0.5g/t Au collected nearby [2] - Ground electromagnetics identified three conductors at the Jasmine and Misery North occurrences, with a 400m long conductor adjacent to a sample grading 0.97% Zn and 0.25% Cu within a 1.5km trend of anomalous Cu-Zn [3] - Anomalous gold was found at the Thurber Boundary area, with soil samples up to 1,568 ppb Au and rock samples up to 0.75 g/t Au, indicating potential to extend the Thurber gold trend [9] - High-grade gold of 9.35g/t and anomalous values of 0.3g/t and 0.19g/t Au with 10.8g/t Ag were found near the Fire Ant occurrence, with gold mineralization traced over an area of 250m by 270m [10] Exploration and Discoveries - The Hopedale project identified 14 occurrences of critical metals (Cu, Ni, Zn) and gold, reflecting multiple mineralization styles including orogenic gold, magmatic Ni sulphide, copper-silver vein, and Zn-rich volcanogenic massive sulphide [15] - The Thurber gold trend is defined by four significant gold occurrences, two of which are drill-ready, surrounded by anomalous gold in rock and soil samples [16] - The Hopedale property covers a significant portion of the Florence Lake greenstone belt, with gold anomalies identified over a 3km section and potential for critical metals copper, nickel, and zinc [20] Corporate Actions and Strategy - The company completed the sale of the Kingsway project to New Found Gold in July 2024, following four years of exploration that resulted in the discovery of seven gold occurrences from nine drill-tested targets [8] - The company granted 3,050,000 stock options to officers, directors, and consultants, with a vesting schedule of 25% on grant and additional 25% increments at 6, 12, and 18 months [5] - The company plans to acquire a project with a significant resource in 2025, leveraging its strong balance sheet to advance exploration at Hopedale and other properties [17][18] Financial and Operational Details - The company has 170,009,979 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB [7] - Labrador Gold has approximately $7.7 million in cash and focuses on acquiring and exploring prospective gold projects in Eastern Canada [13] - The company received financial support from the Newfoundland and Labrador Ministry of Natural Resources' 2023 Junior Exploration Assistance Program and the Atlantic Canada Opportunities Agency's Critical Minerals Assistance for the Hopedale property [6]