LaFleur Minerals Provides Update on Beacon Mill Restart, Results of Annual General and Special Meeting, and Swanson Gold Deposit Exploration and Drilling Updates

Core Viewpoint - LaFleur Minerals is advancing its operations with a focus on restarting the Beacon Mill and exploring the Swanson Gold Project, aiming to transition from an exploration company to a near-term gold producer in a highly prospective mining region [2][10]. Group 1: Beacon Mill Restart - The Beacon Mill, located in Val-d'Or, Québec, is fully refurbished and permitted, with an operating capacity exceeding 750 tons per day [2][10]. - The company plans to restart production by processing bulk samples and mineralized material from nearby deposits, with a target to complete all necessary restart work and obtain final approvals by the end of 2025 [3][10]. - An environmental services company has been engaged to assess and monitor the environmental effects on the tailings storage facility, and an engineering firm will conduct a geotechnical assessment prior to production [3][10]. Group 2: Swanson Gold Project Updates - The Swanson Gold Project spans over 16,000 hectares and includes several gold-rich prospects, previously held by other mining companies [4][10]. - The project has seen over 36,000 meters of historical drilling, indicating significant exploration and development potential [4][10]. - The company has invested over $1 million in exploration activities, including soil geochemistry, airborne surveys, and is preparing for a diamond drilling program expected to commence in spring [6][10]. Group 3: Annual General and Special Meeting Results - At the Annual General and Special Meeting held on March 7, 2025, shareholders approved the continuation of the company's 10% Rolling Share Option Plan and 20% Restricted Share Unit Plan for an additional three years [7]. - The meeting also approved the acquisition of an exclusive option to acquire 100% interest in certain mining claims and a mining lease in Québec [7]. Group 4: Exercise of Warrants - The company received gross proceeds of $816,750 from the exercise of 7,425,000 warrants, which were issued during a private placement in March 2023 [8].