Mineral Resource Estimate For Cerrito Prospect

TORONTO - Lavras Gold Corp. has achieved its first short-term goal for 2022. An NI 43-101 compliant mineral resource estimate has been completed for the Cerrito Gold Project at its LDS Project in Brazil. The resource shows that Cerrito has an indicated gold resource of 187,650 ounces and an inferred gold resource of 293,468 ounces.

“Combining this gold resource estimate for the Cerrito Gold Prospect with the previously announced 500,000 ounces from our Butia Gold Prospect moves us to our first million ounce milestone at LDS,” said Michael Durose, President and Chief Executive Officer. “This is a major step toward unlocking the potential gold mineral endowment of LDS, which we have only just begun to understand. We look forward to releasing results of active drilling at the Zeca Souza, Matilde, and Matilde Extension prospects soon.”