Mr. Hemdat Sawh reports

LAVRAS GOLD UPSIZES PREVIOUSLY ANNOUNCED NON-BROKERED PRIVATE PLACEMENT

Further to its news release dated Sept. 11, 2023, Lavras Gold Corp. has increased its private placement offering from up to eight million common shares to up to 10 million common shares. The common shares will be issued at a price of $1.35 per common share for gross proceeds of up to $13.5-million. The increase in the offering is due to investor demand.

The net proceeds of the offering are expected to be used primarily for exploration expenses on the company's LDS project in Rio Grande do Sul, Brazil, and for general working capital purposes.

The offering will be conducted pursuant to available exemptions from the registration and prospectus requirements of applicable securities legislation, including sales to accredited investors and to close personal friends and business associates of directors and officers of the company.

The completion of the offering is subject to the receipt of all regulatory and other approvals, including the approval of the TSX Venture Exchange. All securities issued in connection with the offering will be subject to a hold period of four months and one day from the date of issuance and the resale rules of applicable securities legislation.

About Lavras Gold Corp.

Lavras Gold is a Canadian exploration company focused on realizing the potential of a multimillion-ounce gold district in southern Brazil. Its Lavras do Sul project is located in Rio Grande do Sul state and is primarily an intrusive-hosted gold system of possible alkaline affinity. More than 23 gold prospects centred on historical gold workings have been identified on the property, which spans more than 22,000 hectares.

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