Developing District Scale Gold Projects
NEAR TERM GOLD PRODUCTION
RESTARTING GOLD PRODUCTION
In Quebec’s Prolific Abitibi Belt, near Val-d’Or
CSE: LFLR | OTCQB: LFLRF | FSE: 3WK0
WHY LAFLEUR?
FULLY REFURBISHED AND PERMITTED GOLD MILL WITH 750 TPD CAPACITY
LaFleur Minerals Inc. boasts a favourable entry point given the Company’s asset base; gold mill infrastructure and district-scale advanced exploration assets positioned in Val d’Or, Quebec, one of the world’s premier mining camps now seeing major consolidation and M&A activity. LaFleur boasts solid fundamentals with strong growth catalysts and significant upside potential as the Company enters gold production restart at its wholly-owned mill
SWANSON GOLD PROJECT | FLAGSHIP ASSET
• +19,214 hectares (192 km²) rich in gold and critical metals, with direct access to several nearby gold deposits and mills. Project hosts the Swanson, Bartec and Jolin gold deposits, previously held by Monarch Mining, Abcourt Mines, Globex, now increased 3X in size
• Accessible by road/rail, 66 km north of Val-d’Or, Southend Abitibi gold belt, close proximity to established producers such as Agnico Eagle, Eldorado, and developers like Probe Gold (subject to recent Fresnillo acquisition) and O3 Mining
• Potential for 1 million oz gold resource: 2026 Swanson Gold Deposit Mineral Resource Estimate (“MRE”) reinforces flagship status: Indicated 2.96 Mt at 1.69 g/t Au for 160.3 koz of contained gold, Inferred 1.08 Mt at 1.93 g/t Au for 66.8 koz of contained gold (combined open pit and underground) (PR dated 03.03.2026)
• Positive Preliminary Economic Assessment (“PEA”) outlines potential to source material from Swanson Deposit to process at Beacon Gold Mill, delivering compelling economics with an after-tax IRR of 65%, C$101 million NPV (5%) and AISC of US$1,569/oz gold, demonstrating strong resilience by applying a US$2,750/oz gold price for base case and maintaining leverage to current spot gold prices of ~US$5,300/oz (PR dated 03.03.2026)
• Verification drilling confirmed widespread nature of gold mineralization, continuity and scale: 2.05 g/t Au over 158.25 metres incl. 121.0 g/t Au over 1.1 metres (PR dated 04.02.2026)
BEACON GOLD MILL | RESTARTING PRODUCTION
• Beacon Gold Mill, current 750 tpd processing capacity, underwent ~$20 million in previous upgrades, independent valuation sets replacement cost +$71 million
• Fully refurbished, 100%-owned, permitted gold mill located ~60 km from the Company’s Swanson Gold Project, its primary source of mineralized material
• Positive PEA results outlined mill capacity scalable to 1,250 tpd, and 3,000–4,000 tpd over long-term, offering a rare, vertically integrated, mine-to-mill platform that enhances control over costs and margins, leveraging rail-enabled logistics, positioning the mill as a regional processing hub in Val-d’Or
• Restarting gold production operations: Recommissioning activities, retrofits, upgrades (30% completed), key achievements such as technical studies and exploring rail logistics etc.
• ~$7.8 million to support mill restart (Link): Low restart costs of ~$4-5 million, C$31M CAPEX to 1,250 tpd, target production up to 20,000 oz of gold/year, sourcing mineralized material from Swanson and potential custom milling operations from nearby gold projects
SWANSON GOLD PROJECT & BEACON MINE AND MILL
Kal Malhi - Chairman
Paul Ténière, M.Sc., P.Geo. - CEO & Director
Harry Nijjar - CFO / Corporate Secretary
Louis Martin, P.Geo - Technical Advisor / Exploration Manager
Peter Espig - Director & Advisor
Jeff Swinoga - Director
Michael Kelly - Director
Jean Lafleur - Senior Advisor
Tara Asfour - Corporate Development
Timmins Val D’or
Developing District Scale Gold Projects
RESTARTING GOLD PRODUCTION
In Quebec’s Prolific Abitibi Belt, near Val-d’Or
SWANSON GOLD PROJECT | FLAGSHIP ASSET
• Located in Québec, frequently a top-5 global performer for mining potential (Fraser Institute’s annual survey), offering a stable and supportive environment for resource development with easy access to flow-through capital
• Current MRE had ~30% increase in Indicated resources vs. 2024 MRE, was optimized with a price of gold at US$2,500/oz, increasing economic potential of project with gold +US$5,000/oz
• District-scale property with +36,000 metres of historic drilling, containing numerous gold-bearing regional structures
• Wealth of information as base to PEA; highgrade, significant historical intervals such 69.3 metres at 3.03 g/t Au (DH: SW-03-07) and 51.0 metres at 3.46 g/t Au (DH: BAR31-84)
• $2.8 million newly issued flow-through to deploy: fi nalizing comprehensive PEA, increasing gold resources at Swanson, Bartec, Jolin, other gold deposits, follow-up on more than 50 high-grade targets
• Verification drilling confirmed widespread nature of gold mineralization, continuity and scale: 2.05 g/t Au over 158.25 metres incl. 121.0 g/t Au over 1.1 metres, 2.97 g/t Au over 66.0 metres including 91.1 g/t Au over 1.5 metres, and 3.15 g/t Au over 51.4 metres incl. 92.9 g/t Au over 0.75 metres (PR dated 04.02.2026)
BEACON GOLD MILL | RESTARTING PRODUCTION
• Fully permitted and refurbished gold mill; can process up to 1.8 million tonnes of tailings, with additional capacity if required
• Recently upgraded 750 tpd facility equipped with crushing, grinding, fl otation, regrind, leaching, Merrill-Crowe circuits
• Strategically positioned for near-term gold production with strong valuation upside; 100%-owned offering exceptional leverage to record gold prices and growing regional demand for long-life, low-risk assets
• To source mineralized material from its own wholly-owned Swanson Project and capable of custom milling for other nearby gold projects; +100 surrounding historical and operational mines, allowing for rapid monetization of ore from nearby gold deposits
• Being evaluated for processing mineralized material from Swanson as part of the PEA, robust mining and economic study; ~100,000 mt bulk sample with est. average grade of 1.89 g/t Au, total contained content ~6,350 oz of gold
• Past-producing Beacon Mine is located on the site of the Beacon Gold Mill; the property consists of a mining lease, a mining concession, and 11 mining claims
• Beacon I and II mines include mineralized zones where limited historical gold production was achieved during the period of 1984 to 1988 and again in 2005
