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Lavras Gold Announces $10 Million Best Efforts Public Offering

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The Base Shelf Prospectus is accessible, and the Prospectus Supplement will be accessible within two business days, through SEDAR+

Toronto, Ontario--(Newsfile Corp. - January 30, 2025) - Lavras Gold Corp. (TSXV: LGC) (OTCQX: LGCFF) ("Lavras" or the "Company") is pleased to announce a "best efforts" public offering (the "Offering") for the sale of 4,546,000 common shares of the Company (the "Shares") at a price of C$2.20 per Share (the "Offering Price") for gross proceeds of C$10,001,200. In connection with the Offering, the Company has entered into an agreement with Paradigm Capital Inc. ("Paradigm") and Canaccord Genuity to act as co-lead agents and joint bookrunners on behalf of a syndicate of agents (collectively, the "Agents").

The Company will grant the Agents an option, exercisable, in whole or in part, for up to 30 days following the closing of the Offering, to sell the number of Shares equal to up to an additional 15% of the Shares sold pursuant to the Offering at the Offering Price to cover over-allotments, if any.

The net proceeds from the Offering will be used for exploration and development of its mineral properties comprising its LDS Project, and general working capital purposes.

The Company intends to file a prospectus supplement (the "Prospectus Supplement") to its short form base shelf prospectus dated November 26, 2024 (the "Base Shelf Prospectus") on February 3, 2025. The Prospectus Supplement will be filed with the securities regulatory authorities in each of the provinces and territories of Canada, except Québec. The Shares may also be offered by way of private placement in the United States and in offshore jurisdictions. Delivery of the Base Shelf Prospectus and the Prospectus Supplement and any amendments thereto will be satisfied in accordance with the "access equals delivery" provisions of applicable Canadian securities legislation. An electronic or paper copy of the Base Shelf Prospectus and the Prospectus Supplement, when available, may be obtained, without charge, from Paradigm by e-mail at ecm@paradigmcap.com by providing Paradigm with an email address or address, as applicable. Prospective investors should read the Base Shelf Prospectus and Prospectus Supplement and the documents incorporated by reference therein, as filed by the Company on SEDAR+ at www.sedarplus.ca, before making an investment decision.

The Offering is expected to close on or about February 6, 2025 and is subject to Lavras receiving all necessary regulatory approvals, including the acceptance of the Offering by the TSX Venture Exchange.