Lavras Gold Corp. Intersects 1.1 g/t Gold Over 154 Metres from Surface at Butiá Gold Deposit, LDS Project, Southern Brazil & Provides an Exploration Update

TORONTO, Feb. 06, 2024 (GLOBE NEWSWIRE) — Lavras Gold Corp. (TSX-V:LGC, OTCQX:LGCFF) (“Lavras” or the “Company”) is pleased to release the results from nine (9) new drill holes testing the Butiá Gold Deposit, located at the western edge of the LDS project in southern Brazil. Gold mineralization was intersected in all nine holes at the Butiá Deposit, which hosts a NI43-101 compliant measured, indicated and inferred gold resource of approximately 0.5 million ounces. Several of these new holes were designed to increase the confidence in the Butiá resource (converting the Inferred Resource into the Measured & Indicated categories) and others to potentially increase the gold endowment as explained below. These new results continue to move Lavras Gold toward its short-term corporate goal of defining an economically feasible gold resource on the LDS Project, focused on the Butiá gold deposit and the adjacent Fazenda do Posto gold target.

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