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.

The permitting process at Swanson is a first step in LaFleur's two prong approach as it aims to expand the current resource estimate at the Swanson Gold Project, while in parallel launching operations for the intended gold production revival at Beacon Mill by year end, ideally sourcing mineralized material from Swanson, among other regional deposits. Since the acquisition of both projects in 2024, LaFleur's approach for efficient and effective value creation by consistently meeting key operational milestones, substantiated by a clear path to production, pivots the Company years ahead of other players in the region as it quickly transitions from explorer to producer.

The bulk sample will be taken from a high-potential gold zone identified during exploration work and is a key step toward advancing the project toward a production decision. Historical near-surface drill hole results at Swanson include 4.44 g/t Au over 36.0 m (BAR31-84) and 3.62 g/t Au over 41.0 m (SW-03-07). Because the deposit is situated on a Mining Lease, the permitting process is significantly more streamlined for a larger bulk sample compared to projects located on standard mining claims.

LaFleur Minerals is currently evaluating a bulk sample of approximately 100,000 t with an estimated average grade of 1.89 g/t Au and a total contained gold content of approximately 6,350 oz of gold. This bulk sample represents approximately 3% of the current mineral resource estimate for the Swanson Project.

Paul Ténière, CEO of LaFleur Minerals commented, "We are excited to begin this next step in advancing the Swanson gold deposit and developing a positive cash flow from the bulk sample collected within our mining lease. Combining and leveraging our near-surface Swanson gold deposit and fully permitted Beacon Mill gives us a unique opportunity to assess the project's potential with minimal additional capital investment and to fast-track our development plans in the Abitibi region. With the price of gold having risen exponentially over the past 12 months from USD$2,000 per ounce, to a current record price approaching USD$3,500 per ounce, we are excited to look at generating a positive cash flow in the near term to further our exploration and development work. The Swanson deposit is directly accessible by truck to the Beacon Mill via truck hauling on paved highway. With offsite processing and tailings disposal, the Swanson Gold Deposit could potentially quickly become a low-cost, low-impact, and highly profitable mining operation."

SWANSON BULK SAMPLING DETAILS

The surface bulk sample for the Swanson deposit will be collected on a fully permitted Mining Lease (BM 885) registered with the Québec government, of which no previous mining has been undertaken on the mining lease. The Swanson mining lease was initially applied and registered for by Agnico-Eagle following a 2009 internal review and Scoping Study based on a gold price of US$779 per ounce and an exchange of 1.10 $C/$US.

Strategically located near established mining communities such as Val-d'Or and existing infrastructure, the Swanson Project benefits from excellent access to roads, power, and a skilled local workforce, significantly reducing costs, logistical and operational hurdles associated with bulk sampling.

The permitting process will be conducted in compliance with all regulatory requirements, and the Company is committed to working closely with government agencies, local communities, and other stakeholders to ensure a responsible and transparent approach. Prior to collecting the bulk sample, the Company will be submitting a Restoration Plan to the MRNF as well as acquiring Environmental Authorization from the MELCCFP.

Further updates will be provided as the bulk sampling permitting process advances.

BEACON MILL RESTART UPDATE

The Company is in the final stages of developing its restart plan and budget for the Beacon Mill with results expected by the end of April. The Company is also working with its engineering and environmental team to select a geotechnical engineering firm to act as its Engineer of Record (EOR) for the Beacon Tailings Storage Facility (TSF) and to ensure design and construction oversight for the TSF.

SWANSON GOLD PROJECT SUMMARY

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 major structural breaks 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 has had in excess of 36,000 metres of historical diamond drilling, is easily accessible by road with a rail line running through the property, allowing direct access to several nearby gold mills, which further enhances its development potential.

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 1), and includes:
- 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)

Figure 1: Swanson Deposit - 50 km from the Beacon Gold Mill

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/250325_e8dabac634229a2d_001full.jpg

BEACON GOLD MILL SUMMARY

The Beacon Gold Mill is a fully-refurbished, permitted mill capable of processing over 750 tonnes per day (Figure 2 and 3), nestled within the world-renowned Abitibi Gold Belt, a prime area that is host to over 100 historical and operational mines.

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$3,500 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 cost estimates for the Beacon Mill and aims to relaunch production by the end of 2025.

Figure 2: Photo of interior of Beacon Mill currently undergoing detailed inspections for restart

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/250325_e8dabac634229a2d_002full.jpg

Figure 3: Photo of exterior of Beacon Mill in Val-d'Or, Québec

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/6526/250325_e8dabac634229a2d_003full.jpg

LaFleur Minerals' strategy combines advancing the Swanson Gold Deposit resource estimate, custom milling at the Beacon Gold Mill, and leveraging regional gold deposits and 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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Freegold Achieves over 90% Gold Recovery Using BIOX® and greater than 92% Gold Recovery using POX - Additional Metallurgical Work Remains Ongoing

All three methods tested: BIOX®, POX, and the Albion Process ™ yield over 90% gold recovery
Further work to enhance sulphide recoveries through oxidation, as well as gravity, flotation and CIL recoveries, is in progress

Freegold Ventures Limited (TSX: FVL) (OTCQX: FGOVF) ("Freegold" or the "Company ") is pleased to announce further results from the ongoing metallurgical test work currently underway.

The current initiatives are focused on refining the flowsheet options for the pre-feasibility study. This includes testing and ongoing evaluation of sulphide-oxidizing methods such as BIOX®, POX, and the Albion Process™, as well as further gravity, flotation and CIL test work.

Earlier this year, Freegold reported 93% recovery using the Albion Process™ oxidation-CIL, with further test work ongoing. Comminution tests using half-PQ core have been conducted on over 50 samples from various locations and lithologies within the deposit. These tests provide information to evaluate the trade-off between grind size and liberation versus power consumption, to optimize power requirements and operating costs while enhancing gold recovery.

The BIOX test work has been in progress for several months, and results have shown that gold recovery rates of greater than 90% can be achieved.

2025 PROGRAM

Drilling is now underway with three rigs

Conversion of inferred resources into indicated & further exploration drilling.

Updated mineral resource
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)

Summary of Gold Recovery using BIOX®,

A series of BIOX® amenability oxidation tests have been completed using a sulphide rougher concentrate produced from a composite of Golden Summit material sourced from eight diamond drill hole assay rejects. The duration of the biological oxidation tests conducted was 10, 15, 20, 30 and a duplicate 30 days. The residue from these BIOX® tests was subjected to CIL treatment, and overall gold recovery from gravity, rougher flotation, BIOX® treatment, and CIL averaged 91% from this suite of test work.

Summary of Gold Recovery using POX,

Pressure oxidation (POX) treatment of sulphide rougher concentrate, as well as a cleaner concentrate, with lower mass and only marginally lower gold deportment, has been completed. The POX residue was washed and neutralized and subjected to CIL leaching for gold recovery. The POX-CIL testwork has yielded an average overall gold recovery of over 92% in a process flowsheet incorporating gravity, flotation, POX, and CIL.

This testwork utilized eight drill core composites comprising 1,192 meters of drill intercepts that represent 587 continuous mineralized intervals, with a total material weight of over 5,100 kilograms. These composites represent different locations and grades within the Dolphin and Cleary area and were created using continuous drill intervals chosen to reflect potential mill feed (Refer to the map below for hole locations.) The selections of drill holes and intervals included the primary gold-hosting lithologies. These composites were prepared from laboratory assay rejects of fresh rock intervals located well below the existing oxide cap at Golden Summit. Additionally, four large-diameter PQ holes were drilled during 2024. A total of 7,600 kg has been made available for comminution testing and ongoing metallurgical testwork.

Two additional PQ holes are being drilled in the 2025 program to enhance our metallurgical test work. This work aims to provide data for trade-off studies in the pre-feasibility study, developing a process flowsheet to maximize economic returns. Ongoing tests indicate that part of the mineralization is non-refractory and can be processed conventionally, although additional sulfide processing is necessary for optimal recovery. The September 2024 resource estimate, based on a gold price of $1,973 , included grinding, gravity separation, flotation, regrinding of sulphide concentrate, and CIL treatment, achieving a 72% gold recovery rate at a processing cost of $14 per ton.

The current program is designed to test sulphide oxidation methods, aiming to increase recoveries beyond the 72% gold recovery reported in the September 2024 resource estimate. Each of the three oxidation methods tested successfully demonstrated the potential to achieve gold recoveries exceeding 90%. These methods may increase costs; however, higher gold recoveries and gold prices could offset the additional capital expenditures (CAPEX) and operating expenditures (OPEX ) costs. Ongoing work will focus on identifying the most suitable oxidation method for use in the pre-feasibility study.

Discovery costs at Golden Summit are under $4.00 per ounce. Since 2020, exploration at Golden Summit has transformed the project, evolving to one of North America's most significant undeveloped gold resources, owing to a revised interpretation, extensive drilling, and a robust metallurgical program. There remains considerable potential for further expansion and optimisation as the project advances. The revised mineral resource estimate, incorporating the 2024 drilling, is expected to be finalised soon.

The current 2025 drilling program aims to upgrade inferred resources to indicated through infill drilling. Drilling for geotechnical purposes, resource definition, and additional metallurgical test holes will also be carried out. A total of 30,000 metres of drilling is planned. Archaeological fieldwork and geotechnical drilling are scheduled to commence shortly, with a fourth drill rig added to enhance exploration efforts. A pre-feasibility study is set to begin later this year.

Link to the Plan Map:

https://freegoldventures.com/site/assets/files/6287/fvl06192025_ddhplan.png

HQ Core is logged, photographed and cut in half using a diamond saw, and one-half placed in sealed bags for preparation and subsequent geochemical analysis by MSA Laboratories in Prince George, BC , and/or Fairbanks, Alaska . At MSALABS, the entire sample will be dried and crushed to 70% passing -2mm (CRU-CPA). A ~500g riffle split will be analyzed for gold using CHRYSOS PhotonAssay™ (CPA-Au1). From this, 250g will be further riffle split from the original PhotonAssay™ sample, pulverized, and a 0.25g sub-sample analysed for multi-element geochemistry using MSA's IMS230 package, which includes 4-acid digestion and ICP-MS finish. MSALABS operates under ISO/IEC 17025 and ISO 9001 certified quality systems. A QA/QC program includes laboratory and field standards inserted every ten samples. Blanks are inserted at the start of the submittal, and at least one blank every 25 standards.

The Qualified Person for this release is Alvin Jackson, P.Geo., Vice President of Exploration and Development for Freegold, who has approved the scientific and technical disclosure in this news release.

About Freegold Ventures Limited
Freegold is a TSX-listed company focused on exploration in Alaska . It holds the Golden Summit Gold Project near Fairbanks and the Shorty Creek Copper-Gold Project near Livengood through leases.

^{Some statements in this news release contain forward-looking information, including, without limitation, statements as to planned expenditures and exploration programs, potential mineralization and resources, exploration results, the completion of an updated NI 43-101 technical report, and any other future plans. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the statements. Such factors include, without limitation, the completion of planned expenditures, the ability to complete exploration programs on schedule, and the success of exploration programs. See Freegold's Annual Information Form for the year ended December 31st, 2024 , filed under Freegold's profile at www.sedar.com , for a detailed discussion of the risk factors associated with Freegold's operations. On January 30, 2020 , the World Health Organization declared the COVID-19 outbreak a global health emergency. Reactions to the spread of COVID-19 continue to lead to, among other things, significant restrictions on travel, business closures, quarantines, and a general reduction in economic activity. While these effects have been reduced in recent months, the continuation and re-introduction of significant restrictions, business disruptions, and related financial impact, and the duration of any such disruptions cannot be reasonably estimated. The risks to Freegold of such public health crises also include employee health and safety risks and a slowdown or temporary suspension of operations in geographic locations impacted by an outbreak. Such public health crises, as well as global geopolitical crises, can result in volatility and disruptions in the supply and demand for various products and services, global supply chains, and financial markets, as well as declining trade and market sentiment and reduced mobility of people, all of which could affect interest rates, credit ratings, credit risk, and inflation. As a result of the COVID-19 outbreak, Freegold has implemented a COVID management program and established a full-service Camp at Golden Summit to attempt to mitigate risks to its employees, contractors, and community. While the extent to which COVID-19 may impact Freegold is uncertain, it is possible that COVID-19 may have a material adverse effect on Freegold's business, results of operations, and financial condition.}

SOURCE Freegold Ventures Limited

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Silver Crown Royalties Executes LOI with Kuya Silver for a Silver Royalty on the Bethania Silver Project

(TheNewswire)

TORONTO, ON TheNewswire - June 19, 2025 Silver Crown Royalties Inc. (" Silver Crown ", " SCRi ", or the " Company ") (Cboe:SCRI; OTCQX:SLCRF; FRA:QS0) is pleased to announce the signing of a Letter of Intent (" LOI ") with Kuya Silver Corp. (CSE: KUYA; OTCQB: KUYAF; FSE: 6MR1) (" Kuya " or " Kuya Silver ") to acquire a 4.5% royalty on silver produced from Kuya's Bethania Silver Mine in Huancavelica, Central Peru.

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

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Swanson Gold Project - Flagship Asset

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Kal Malhi – Chairman

Paul Ténière – CEO

Harry Nijjar – CFO and Corporate Secretary

Louis Martin – Technical Advisor and Exploration Manager

Preet Gill – Director

Harveer Sidhu – Director

Michael Kelly – Director

Jean Lafleur – Senior Advisor

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