LaFleur Minerals Provides Supplemental Disclosure Related to BullRun Option Agreement

Core Viewpoint - LaFleur Minerals Inc. is seeking shareholder approval for the acquisition of an exclusive option to acquire a 100% interest in the Monarch Property in Québec, which was previously acquired by BullRun Capital Inc. for 350,000 during CCAA Proceedings [1][2] Group 1: Acquisition Details - The Monarch Property was acquired by BullRun in February 2024, and the board of LaFleur, except for Mr. Malhi, was unaware of the sale or BullRun's participation [2] - The acquisition price paid by BullRun is considered below market value due to the property being stranded assets during bankruptcy proceedings, and gold prices have increased significantly since then [3] - The consideration for the BullRun Option Agreement includes cash, common shares, exploration expenditures, a gross metals royalty, and contingent share issuances [9] Group 2: Valuation and Negotiation - LaFleur engaged Evans & Evans, Inc. for a valuation report on the Monarch Property, which included an updated Mineral Resource Estimate that enhances the property's value [4] - The terms of the BullRun Option Agreement were negotiated between Mr. Malhi and Mr. Teniere, considering market conditions and comparable acquisitions [3] - The Board did not hold formal meetings for the negotiation or approval of the BullRun Option Agreement, but independent Board members expressed support prior to execution [5][6] Group 3: Board Decisions and Compliance - The Board did not retain independent legal advisors or form a special committee for the BullRun Option Agreement due to the company's limited cash and the size of the transaction [7] - Alternatives to the BullRun Option Agreement were considered, but the Board concluded it was the best option for enhancing value for minority shareholders [8] - The Board's compliance with MI 61-101 was ensured through the preparation of the Circular, which included necessary disclosures [7] Group 4: Shareholder Engagement - The company has waived the proxy deadline for the upcoming shareholder meeting, allowing proxies to be accepted until the meeting starts [10] - The company aims to acquire additional claims (Malhi Claims) shortly after obtaining shareholder approval for the BullRun Option Agreement [4] Group 5: Stock Options - LaFleur Minerals granted 1,500,000 stock options to directors and consultants at an exercise price of 0.30 per share for a period of two years [11]