Lavras Gold intersects gold at Caneleira, confirming vein continuity

Hole 26CN044 returns 24.30 g/t gold over a drilled width of 9 metres; hole 26CN051 returns 9.31 g/t gold over a drilled width of 4 metres from 10 metres, including 17.29 g/t gold over 2 metres; Caneleira East drilling confirms mineralization up-dip with 2.51 g/t gold over a drilled width of 22 metres*

Shallow drilling has provided further evidence near-surface continuity of the high-grade, northwest-southeast trending vein system at Caneleira - the primary objective of the infill program (see news release dated May 19, 2026), when the highest-grade intercepts reported to date sat more than 100 metres below surface.

At Caneleira East (previously referred to by the Company as the Olaria gold discovery), located approximately 3.1 kilometres northeast of the Butia Gold Deposit, new drilling has intersected gold mineralization up-dip and closer to surface than the discovery intercept, advancing the follow-up work identified in the Company's December 2, 2024 news release.

The highest-grade intersection reported to date at Caneleira was observed from this batch of assays include:

Hole 26CN044 intercepted 24.30 grams per tonne ("g/t") gold ("Au") over a drilled width of 9 metres ("m") from 87m, including 99.56 g/t Au over a drilled width of 0.85m from 92.73m.

Significant near-surface intersections at Caneleira include:

Hole 26CN051 intercepted 9.31 g/tAu over a drilled width of 4m from 10m, including 17.29 g/t Au over a drilled width of 2m from 11m;

Hole 26CN040 intercepted 6.94 g/t Au over a drilled width of 1m from 14m, and 4.63 g/t Au over a drilled width of 15.46m from 71m, including 21.80 g/t Au over a drilled width of 3m from 75m; and

Hole 26CN047 intercepted 6.71 g/t Au over a drilled width of 1m from 25m and 6.18 g/t Au over a drilled width of 1m from 51m.

Significant intersections at Caneleira East include:

Hole 26CNO022 intercepted 2.51 g