Lavras Gold Upsizes Public Offering to C$13 Million: A Vote of Confidence in the Company's Prospects

Lavras Gold Corp. (TSXV: LGC) (OTCQX: LGCFF) has announced an upsized public offering, increasing the size of its previously announced "best efforts" public offering to C$13 million. The Company has entered into an amending agreement with Paradigm Capital Inc. ("Paradigm") and Canaccord Genuity, as co-lead agents and bookrunners, on behalf of a syndicate of agents (collectively, the "Agents") to arrange for the sale of 5,930,000 common shares of the Company (the "Shares") at a price of C$2.20 per Share (the "Offering Price") for gross proceeds of C$13,046,000 (the "Upsized Offering").

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 Upsized Offering at the Offering Price to cover over-allotments, if any.

In all other respects, the terms of the offering and the use of proceeds therefrom will remain as previously disclosed in the original press release dated January 30, 2025.

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 upsized offering is a vote of confidence in Lavras Gold's prospects and its Lavras do Sul Project in southern Brazil. The increased investment from Paradigm Capital and Canaccord Genuity, as co-lead agents and bookrunners, signals that these established investment firms believe in Lavras' potential and are willing to commit capital to support the Company's growth.

The raised capital will be used primarily for exploration expenses on the Company's LDS Project and general working capital purposes. This aligns with Lavras' long-term growth objectives of realizing the potential of a multi-million-ounce gold district in southern Brazil. By investing in exploration, Lavras aims to uncover new gold prospects and expand its mineral resource base, ultimately enhancing the value of the company.

The strategic plans for the raised capital also include attracting strategic investors who can provide valuable expertise, networks, and financial resources to support Lavras' long-term growth objectives. The Company has already attracted strategic investors such as Eric Sprott, Rob McEwen, and Kinross Gold Corporation, which can provide valuable insights and operational support to Lavras as it develops its LDS Project.

In conclusion, the upsized public offering is a positive development for Lavras Gold Corp., as it demonstrates the Company's strong prospects and the confidence of established investment firms in its potential. The raised capital will be used to fund exploration and development activities, attract strategic investors, and ultimately enhance the value of the Company.