Mr. Hemdat Sawh reports

LAVRAS GOLD CORP. ANNOUNCES $10 MILLION PUBLIC OFFERING

Lavras Gold Corp. has entered into an agreement with Canaccord Genuity Corp., as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters, pursuant to which the underwriters have agreed to purchase, on a bought deal basis, an aggregate of 2,942,000 common shares of the company at a price of $3.40 per share for aggregate gross proceeds to the company of approximately $10,002,800.

The company has granted the underwriters an option to purchase up to an additional 441,300 shares at the offering price, exercisable at any time, for a period of 30 days after and including the closing date, which, if exercised in full, would result in additional gross proceeds of approximately $1,500,420.

The company intends to use the net proceeds of the offering for project development, exploration and resource drilling, and general corporate purposes.

The shares will be offered by way of a prospectus supplement to the company's short form base shelf prospectus dated Nov. 26, 2024, to be filed in all provinces of Canada, other than Quebec. The prospectus supplement contains important information about the offering. The shares may also be offered by way of private placement in the United States and in offshore jurisdictions as agreed between the company and the underwriters.

The offering is expected to close on or before Jan. 29, 2026, or such other date as agreed between the company and the underwriters, and is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the TSX Venture Exchange.

Access to the prospectus supplement, the base shelf prospectus and any amendments thereto is provided in accordance with securities legislation relating to the procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendment to such documents. The base shelf prospectus is, and the prospectus supplement will be, filed and available under the company's profile on SEDAR+ within two business days. Alternatively, an electronic or paper copy of the prospectus supplement, the corresponding base shelf prospectus and any amendment to the documents may be obtained without charge upon request by contacting the chief financial officer of the company, at Suite 200, 82 Richmond St. E, Toronto, Ont., M5C 1P1, or Canaccord Genuity, at ecm@cgf.com 416-869-3052, by providing the contact with an e-mail 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+, before making an investment decision.

About Lavras Gold Corp.

Lavras Gold is a Canadian exploration company focused on realizing the potential of its LDS project situated in a highly prospective gold district in southern Brazil. The LDS project is located near the town of Lavras do Sul in Rio Grande do Sul, in Rio Grande do Sul state of Brazil, and is primarily an intrusive-hosted gold system of possible alkaline affinity. More than 24 gold prospects centred on historic gold workings have been identified on the LDS project properties, which span more than 23,000 hectares.

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