Announces Agreement to Acquire Mineral Claims Contiguous to the Swanson Gold Project, Quebec
Vancouver, British Columbia--(Newsfile Corp. - February 18, 2025) - 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.com/investors.
Acquisition of Mineral Claims within Swanson Gold Project
The Company is also pleased to announce that it has entered into a Property Purchase Agreement with a third-party arm's length vendor (the "Vendor") dated February 10, 2025 (the "Agreement"). Under the terms of the Agreement, the Company is entitled to acquire 100% interest to 13 mining claims covering approximately 642 hectares (the "Claims") contiguous with the Company's Swanson Gold Project ("Swanson") in the Barraute region, north of Val-d'Or, Québec (Figure 1). These Claims include the 1694 Au-Ag showing (Source: Gestim) with a reported historical grab sample that assayed 2.5 g/t Au associated with quartz veins in a felsic volcanic rock.
Paul Ténière, CEO of LaFleur Minerals commented, "We are pleased to acquire these 13 claims within our Swanson Gold Project, which is over 150 km2 in size with numerous gold occurrences and deposits. These claims are strategically located between our Bartec and Jolin deposits and within several significant structures that host numerous gold showings. This acquisition continues our strategy of consolidating claims in the Swanson region and developing additional areas with significant gold potential."
The purchase price for the Claims consists of a cash payment totaling $12,000 and the issuance of 100,000 common shares of the Company to the Vendor within 7 business days of approval of the Agreement by the Canadian Securities Exchange ("CSE") or February 28, 2025, whichever date occurs earlier.
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.
Figure 1: Location map for 13 claims contiguous with the Swanson Gold Project
About LaFleur Minerals Inc. LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) is focused on the development of district-scale gold Deposits in the Abitibi Gold Belt near Val-d'Or, Québec. Our mission is to advance mining Deposits with a laser focus on our resource-stage Swanson Gold Deposit and the Beacon Gold Mill and Property, which have significant potential to deliver long-term value. The Swanson Gold Deposit is over 15,000 hectares (150 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 that make up the Swanson Gold Deposit. The Swanson Gold Deposit 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 Deposits.
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." Forward-looking statements in this news release include, but are not limited to, statements about the Offering and the Company's expectations with respect to the foregoing. Factors that could cause future results to differ materially from those anticipated in forward-looking statements in this news release include the tax treatment of the FT Shares. 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. 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, political and regulatory risks associated with mining and exploration, risks related to environmental regulation and liability. the potential for delays in exploration or development activities or the completion of feasibility studies, risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits, risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, results of prefeasibility and feasibility studies, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, 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.
