LaFleur Minerals Advances Swanson Gold Project with Strategic Mill Acquisition in Quebec's Abitibi Belt

LaFleur Minerals Inc. is advancing development of approximately 18,304 hectares comprising the Swanson Gold Project in Quebec's Abitibi Gold Belt, with initial investigations and nearby gold recovery indicating strong potential for the district-scale property. The company benefits from extensive historical data including results from over 36,000 metres of drilling previously conducted on the property, providing valuable geological information for future exploration programs. This substantial database supports the company's understanding of the mineralized systems within the project area.

The company's strategic position is significantly enhanced by its fully permitted and recently refurbished Beacon Gold Mill, an asset valued at over C$71 million replacement cost that LaFleur acquired through bankruptcy proceedings for a fraction of its actual value. The mill had received more than C$20 million in equipment and other upgrades by the previous owner before LaFleur's purchase, representing substantial prior investment in the facility's infrastructure and processing capabilities. With gold prices reaching elevated levels in recent months, the Beacon Gold Mill represents a significant opportunity for both LaFleur and regional mining operations seeking processing solutions.

The 100%-owned facility is capable of processing over 750 metric tons per day once an estimated C$5 million in restart upgrades are completed, highlighting the relatively low restart cost compared to the asset's substantial replacement value. This cost-effective approach to bringing the mill back into operation provides LaFleur with a significant advantage in developing its gold projects while minimizing capital requirements. The mill's strategic location and existing infrastructure create multiple value opportunities for the company and its stakeholders.

The Swanson Gold Project encompasses several prospects rich in gold and critical metals previously held by Monarch Mining, Abcourt Mines, and Globex Mining. LaFleur has consolidated a large land package along a major structural break that hosts the Swanson, Bartec, and Jolin gold deposits along with several other mineral showings. The project's accessibility by road provides direct access to multiple nearby gold mills, further supporting its development potential and reducing transportation costs for potential ore processing. The latest news and updates relating to LFLRF are available in the company's newsroom at https://ibn.fm/LFLRF.

LaFleur is considering using the Beacon Gold Mill for processing mineralized material from its Swanson Project as well as for custom milling operations serving other nearby gold projects. This positions the company as a valuable conduit for regional deposits seeking to enter production quickly without the capital expenditure typically required for building new processing facilities. The company's district-scale development approach in the prolific Abitibi Gold Belt near Val-d'Or, Québec combines the resource-stage Swanson Gold Project with the operational-ready Beacon Gold Mill, creating a comprehensive gold development platform with multiple pathways to production and revenue generation.