Lavras Gold’s Third Quarter Marked by Discovery - Seite 3

Hole 22MT-034 is noteworthy because it was drilled to a vertical distance of 483 metres, where it bottomed in gold mineralization, suggesting that Matilde has deep roots typical of porphyry style mineral systems.

In addition to the drill program, Renaud Geological Consulting of London, Ontario, performed petrographic studies on samples from Matilde. The study concluded, among other things, that “Matilde is a highly altered intrusive rock with primary textures dominantly replaced by hydrothermal alteration.”

This adds to the growing evidence that the gold-bearing fluids that formed gold at Matilde are of a magmatic hydrothermal origin.

Lavras Gold has been fortunate with respect to Covid-19. Although several employees have tested positive, all have recovered. The Company has full access to the property, consultants have been able to work without interruption, and the Toronto-based management team works from home. So far, Covid-19 has not had a material impact on the Company’s financial condition or performance.

Locally, Lavras Gold is working hard to develop strong relationships with our stakeholders. Most of the Company’s employees live in the town of Lavras do Sul, and the Company works with local suppliers wherever possible. The granting of a construction licence for a local phosphate project is also encouraging, as it demonstrates significant local goodwill for resource projects that are managed responsibly.

During the quarter, 907,500 stock options were granted to employees and consultants. These options are priced at $0.35, vest over three years, and expire on July 27, 2027.

Qualified person

Michael Durose, our President and CEO, is a qualified person as defined by NI 43-101. He has reviewed and approved the scientific and technical information contained in this release.

About Lavras Gold

Lavras Gold (TSXV: LGC) is a Canadian exploration company focused on realizing the potential of a multi-million-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 historic gold workings have been identified on the property, which spans more than 22,000 hectares.

Follow Lavras Gold on www.lavrasgold.com, as well as on LinkedIn, Twitter, and YouTube.

Contact information

Michael Durose	Annemarie Brissenden
President & CEO	Investor Relations
416-844-6284	416-844-6284
[e-mail]	[e-mail]

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