Mr. Hemdat Sawh reports

LAVRAS GOLD CORP. ANNOUNCES LEADERSHIP TRANSITION HEMDAT SAWH APPOINTED INTERIM PRESIDENT & CEO - SEARCH UNDERWAY TO IDENTIFY SUCCESSOR PRESIDENT & CEO

Lavras Gold Corp.'s board of directors has appointed Hemdat Sawh as interim president and chief executive officer, effective immediately, following the departure of Michael Durose as president, chief executive officer and director of the company. Mr. Durose is stepping down after serving in these roles since April, 2022.

Mr. Sawh is currently Lavras Gold's chief financial officer and will remain in this position while carrying out his new role. He is a seasoned mining finance executive and has served as Lavras Gold's CFO since its inception. Previously, Mr. Sawh was the CFO of Amarillo Gold Corp. from November, 2017, to its acquisition by Hochschild Mining PLC in April, 2022. The nominating and governance committee of the board, chaired by David Birkett, will embark on a process to identify a permanent president and CEO.

In his role as interim president and chief executive officer, Mr. Sawh will be assisted by board members Jonathan Hill and Mike Mutchler, who will fill the roles of interim vice-president of exploration and interim chief operating officer, respectively. Mr. Hill, who is based in Brazil, is an economic geologist and specialist consultant with over 35 years of experience in exploration, project development and mining operations around the world. Mr. Hill, who was formerly vice-president, geology and exploration, at Jaguar Mining Inc., is a non-executive director of Royal Road Minerals, Avanti Gold Corp., Lode Gold and Spark Energy Minerals. Mr. Mutchler is a fifth-generation miner, a corporate director at Orvana Minerals Corp. and a mining consultant. Previously, he served as president, chief executive officer and a director of Amarillo from January, 2018, to its acquisition in 2022 and held various prior senior management and consulting roles in the mining industry. The restructured management team intends to focus on transitioning the company's LDS project from its current advanced exploration stage to the development stage. The team will continue to derisk the project through environmental studies, permitting and infill drilling, which will create an updated technical report and resource estimate. These efforts will form the basis of a preliminary economic assessment to evaluate the potential economic viability of the company's district-scale LDS project assets.

Rowland Uloth, chairman of the board, said: "On behalf of the board, I want to thank Mike for his leadership of Lavras Gold. During his tenure, Mike strengthened our company and helped advance Lavras Gold's LDS project to its current predevelopment stage. As a result, the company is well positioned for the next phase of growth and value creation for all shareholders."

Jonathan Hill, director and interim vice-president of exploration for Lavras Gold, is the qualified person as defined under National Instrument 43-101 (Standards of Disclosure for Mineral Projects), and has reviewed and approved the technical information contained in this release.

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 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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