LaFleur Minerals Announces Memorandum of Understanding with Granada Gold on Milling Assessment for the Granada Gold Project Using the Beacon Gold Mill

LaFleur Minerals Announces Memorandum of Understanding with Granada Gold on Milling Assessment for the Granada Gold Project Using the Beacon Gold Mill

LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) ("LaFleur Minerals" or the "Company") is pleased to announce that it has entered into a Memorandum of Understanding ("MOU") with Granada Gold Mine Inc. ("Granada") (collectively, the "Parties") dated March 25, 2025 to assess the design criteria for processing mineralized material from the Granada Gold Project ("Granada Gold" or the "Project") at the Company's 100%-owned and fully permitted Beacon Gold Mill, located in Val-d'Or, Québec, Canada.

If off-site processing of Granada Gold mineralized material at the Beacon Gold Mill is deemed viable by both parties as part of the MOU, the Parties have the option to enter into a commercial agreement and may undertake a mining and economic study to further evaluate the processing of Granada Gold mineralized material at the Beacon Gold Mill. This study would consider mine design, mining methodology, mining and processing rates, gold production profile, facilities requirements, development schedules, and determine the overall project economics.

Paul Teniere, CEO of LaFleur Minerals commented, "Hub-and-spoke mining and milling arrangements have long been a feature of mining in the Abitibi Gold Belt in Québec. With the price of gold having risen from USD$2,000 per ounce to a current price approaching USD$3,000 per ounce over the past 12 months, we are excited to look at potentially custom milling mineralized material from the Granada Gold deposit. Today, we are announcing the first step in assessing the viability of such an arrangement for the Granada Gold deposit as part of the Beacon Gold Mill restart project. The MOU with Granada will facilitate the preliminary technical work required to assess the compatibility of the Granada Gold deposit with the Beacon Gold Mill. The Beacon Gold Mill is directly accessible to the Granada Gold deposit via truck hauling on paved highway, and possibly rail shipping. With offsite processing and tailings disposal, the Granada Gold deposit could potentially be a low-cost, low-impact, and highly profitable mining operation. The MOU with Granada Gold contains no commercial terms regarding how mineralized material from the Granada Gold deposit to Beacon Gold Mill would be arranged. However, further discussions between the two parties are contemplated upon the successful completion of this preliminary technical work."

TERMS OF THE MOU

The MOU facilitates the exchange of technical data between LaFleur Minerals and Granada Gold regarding metallurgy, flow-sheet configuration, potential mill modifications, and future processing and tailings disposal capacity. Each Party will be responsible for its own costs associated with this work. To conduct the assessment, LaFleur Minerals has retained ABF Mines Inc., and a program of metallurgical work has already commenced at the Granada Gold deposit. The MOU is non-binding and non-exclusive and contains no specific terms around potential commercial arrangements between the Parties. There is no certainty that any arrangement between the Parties will result from their dealings pursuant to the MOU.

LaFleur Minerals CORE ASSETS:

BEACON GOLD MILL

Fully-refurbished, permitted Beacon Gold Mill, capable of processing over 750 tonnes per day (Figure 1 and 2).

The entirely refurbished Beacon Gold Mill was last fully operational in early 2023 when the price of gold was USD$1,800 per ounce and has been under care and maintenance since that time. As gold approaches a record price of USD$3,000 per ounce, the goal of restarting the Beacon Gold Mill in the coming months is an exceptional opportunity for LaFleur Minerals to also target the custom milling of mineralized material from nearby gold deposits that surround the Beacon Mill. LaFleur Minerals demonstrates significant upside potential by ultimately generating revenue at the current elevated gold prices, with the restart of the Beacon Mill targeting a potential annual production scenario of approximately 30,000 to 40,000 ounces of gold based on the current mill capacity. The Company is currently finalizing the restart costs for the Beacon Mill and expects to have all permits and updates completed by the end of 2025.

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Figure 1: Photo of interior of Beacon Mill currently undergoing detailed inspections for restart

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Figure 2: Photo of exterior of Beacon Mill in Val-d'Or, Québec

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SWANSON GOLD PROJECT

The Swanson Gold Project is over 16,000 hectares in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. The Swanson Gold Project covers a major structural break that hosts the Swanson Gold Deposit, and Bartec, and Jolin gold targets and numerous other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road with a rail line running through the property, allowing direct access to several nearby gold mills and further enhancing its development potential. The Swanson gold project has had in excess of 36,000m of historical drilling.

  • The Swanson Gold Deposit hosts:

    • Indicated Mineral Resource:

      • 2,113,000 t with an average grade of 1.8 g/t gold, containing 123,400 oz of gold.

    • Inferred Mineral Resource Estimate:

      • 872,000 t with an average grade of 2.3 g/t gold, containing 64,500 oz of gold.

(MRE source: NI 43-101 technical report, effective September 17, 2024, filed on the Company's SEDAR+ profile).

  • The Swanson Gold Project is located within 50 km of the Company's fully-permitted Beacon Gold Mill (Figure 3), and includes:

    • A mining lease which can be permitted for bulk sampling and future mining scenario.

    • Jolin target (Au): Historical Mineral Resource Estimate
      (source: GESTIM -1996, GM62629 - historical estimate not compliant with NI 43-101)

    • Bartec target (Au): Historical Mineral Resource Estimate.
      (source GESTIM - DV 87-01 - historical estimate not compliant NI 43-101)

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Figure 3: Swanson Gold Project and other gold deposits within 50 km of the Beacon Gold Mill

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LaFleur Minerals' strategy combines advancing the Swanson Gold Deposit resource estimate, custom milling at the Beacon Gold Mill, and leveraging regional infrastructure to maximize value.

QUALIFIED PERSON STATEMENT

All scientific and technical information in this news release has been prepared and approved by Louis Martin, P.Geo., Technical Advisor to the Company and considered a Qualified Person for the purposes of NI 43-101.

About LaFleur Minerals Inc.

LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) is focused 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 resource-stage Swanson Gold Project and the Beacon Gold Mill, which have significant potential to deliver long-term value. The Swanson Gold Project is over 16,000 hectares (160 km2) in size and includes several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has recently consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits and several other showings which make up the Swanson Gold Project. The Swanson Gold Project is easily accessible by road with a rail line running through the property allowing direct access to several nearby gold mills, further enhancing its development potential. LaFleur Minerals' fully-refurbished and permitted Beacon Gold Mill is capable of processing over 750 tonnes per day and is being considered for processing mineralized material at Swanson and for custom milling operations for other nearby gold projects.

ON BEHALF OF LaFleur Minerals INC.

Paul Ténière, P.Geo.
Chief Executive Officer
E: info@lafleurminerals.com

LaFleur Minerals Inc.
1500-1055 West Georgia Street
Vancouver, BC V6E 4N7

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding "Forward-Looking" Information

This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address 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", "would", "may", "could" or "should" occur. Forward-looking statements in this news release include, without limitation, statements related to the use of proceeds from the Offering. Although the Company believes 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 the 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 any 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 undertakes 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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Advancing a district-scale gold asset and near-producing mill in Quebec’s Abitibi Gold Belt

LaFleur Minerals Begins Permitting Process for a Bulk Sample from the Swanson Deposit to be Processed at its Beacon Gold Mill

LaFleur Minerals Begins Permitting Process for a Bulk Sample from the Swanson Deposit to be Processed at its Beacon Gold Mill

LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) ("LaFleur Minerals" or the "Company") is pleased to announce that it has initiated the permitting process to extract a surface bulk sample from its Swanson Gold Deposit located within a mining lease of the Company's district-scale, Swanson Gold Project, positioned in the prolific Abitibi Gold Belt. The bulk sample material will be processed at the Company's 100%-owned and fully permitted Beacon Gold Mill, located in Val-d'Or, Québec, and approximately 50 km from Swanson.

If the processed surface bulk sample of mineralized material from Swanson is deemed viable, the intention is to complete a Scoping Study, which will include evaluating the processing of Swanson mineralized material at the Beacon Gold Mill. A Scoping Study would further consider mine design, mining methodology, mining rate and gold production profile, facilities requirements, development schedules, and the overall project economics.

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

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

LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) ("LaFleur Minerals" or the "Company") is pleased to provide the following corporate updates.

BEACON GOLD MILL RESTART AND SWANSON GOLD PROJECT UPDATES

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RETRANSMISSION: LaFleur Minerals to Restart Gold Milling at Beacon Gold Mill in Val-d'Or, Québec

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Acquires Mineral Claims Contiguous to the Swanson Gold Project, Québec

LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) ("LaFleur Minerals" or the "Company") is pleased to provide an update on its plans to restart production activities at its 100%-owned Beacon Gold Mill in Val-d'Or, Québec, Canada (Figure 1 and Figure 2). The Beacon Gold Mill is located in a highly prospective mining region for gold exploration on the mineral-rich greenstone Abitibi Belt, an area with over 100 historical and currently operating mines.

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LaFleur Minerals to Restart Gold Milling at Beacon Gold Mill in Val-d'Or, Québec

LaFleur Minerals to Restart Gold Milling at Beacon Gold Mill in Val-d'Or, Québec

Acquires Mineral Claims Contiguous to the Swanson Gold Project, Québec

LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) ("LaFleur Minerals" or the "Company") is pleased to provide an update on its plans to restart production activities at its 100%-owned Beacon Gold Mill in Val-d'Or, Québec, Canada (Figure 1 and Figure 2). The Beacon Gold Mill is located in a highly prospective mining region for gold exploration on the mineral-rich greenstone Abitibi Belt, an area with over 100 historical and currently operating mines.

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Announces Agreement to Acquire Mineral Claims Contiguous to the Swanson Gold Project, Quebec

LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) ("LaFleur Minerals" or the "Company") reminds shareholders that the Company's Annual General and Special Meeting of Shareholders (the "Meeting") will be held at Suite 1500 1055 West Georgia Street, Vancouver, British Columbia on Friday, March 7, 2025 at 10:00 am (Pacific Time). Shareholders who intend to attend the meeting via telephone conference must submit votes by Proxy ahead of the proxy deadline of 10:00 am (Pacific Time) on March 5, 2025. The Company has filed Management Proxy Materials for its Meeting under its profile on SEDAR+ www.sedarplus.ca and on its corporate website at lafleurminerals.cominvestors.

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1911 Gold Temporarily Suspends Operations at True North Complex due to Bissett Evacuation Order

1911 Gold Temporarily Suspends Operations at True North Complex due to Bissett Evacuation Order

VANCOUVER, BC , May 30, 2025 /CNW/ - 1911 Gold Corporation (" 1911 Gold " or the " Company ") (TSXV: AUMB) (OTCQB: AUMBF) (FRA: 2KY) announces the temporary suspension of operations at its True North complex in Bissett, Manitoba , following the evacuation order issued by the Province of Manitoba due to escalating wildfire activity in the region.

1911 Gold - Logo (CNW Group/1911 Gold Corporation)

The Company has safely evacuated all personnel from the site and is closely monitoring the situation in coordination with local and provincial authorities. The Company has taken precautionary measures to safeguard certain site infrastructure and continues to assist with the wildfire response by hosting frontline personnel at the True North camp facilities.

Shaun Heinrichs , CEO and President, stated, "The safety of our employees and the community is our top priority. We are grateful for the swift and coordinated response of emergency services and are committed to supporting firefighting efforts, including the ongoing use of our camp facilities. Our thoughts are with everyone impacted by the wildfires, and we stand ready to support the community during this challenging time."

The Company will provide further updates as more information becomes available and will resume operations at the True North complex when it is safe to do so.

About 1911 Gold Corporation

1911 Gold is a junior explorer that holds a highly prospective, consolidated land package totaling more than 61,647 hectares within and adjacent to the Archean Rice Lake greenstone belt in Manitoba , and also owns the True North mine and mill complex at Bissett, Manitoba . 1911 Gold believes its land package is a prime exploration opportunity, with the potential to develop a mining district centred on the True North complex. The Company also owns the Apex project near Snow Lake, Manitoba and the Denton-Keefer project near Timmins, Ontario , and intends to focus on organic growth and accretive acquisition opportunities in North America .

1911 Gold's True North complex and exploration land package are located within the traditional territory of the Hollow Water First Nation, signatory to Treaty No. 5 (1875-76). 1911 Gold looks forward to maintaining open, co-operative and respectful communication with the Hollow Water First Nation, and all local stakeholders, in order to build mutually beneficial working relationships.

ON BEHALF OF THE BOARD OF DIRECTORS

Shaun Heinrichs
President and CEO

www.1911gold.com

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

This news release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved.

All forward-looking statements reflect the Company's beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company's forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements with respect to the terms of the Offering, the use of proceeds of the Offering, the timing and ability of the Company to close the Offering, the timing and ability of the Company to receive necessary regulatory approvals, the tax treatment of the securities issued under the Offering, the timing for the Qualifying Expenditures to be renounced in favour of the subscribers, and the plans, operations and prospects of the Company, are forward-looking statements. Although 1911 Gold has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

All forward-looking statements contained in this news release are given as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE 1911 Gold Corporation

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Freegold Provides Update on 2025 Drill Program

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2025 PROGRAM

  • Drilling is now underway with three rigs

    Conversion of inferred resources into indicated & further exploration drilling.

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  • Ongoing metallurgical work, focusing on flowsheet optionality with sulphide oxidation is a key part of our strategy to maximize the potential of the resource.

  • Commencement of a Pre-Feasibility Study (PFS).

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