Early Warning Report Issued Pursuant to National Instrument 62-103
LEGAL_47013618.3
EARLY WARNING REPORT ISSUED PURSUANT TO
NATIONAL INSTRUMENT 62-103
VANCOUVER, BC – April 7, 2026, LaFleur Minerals Inc. (CSE: LFLR, OTCQB: LFLRF, FSE: 3WK0 ) (“LaFleur
Minerals” or the “Issuer”). This press release is being issued in connection with the filing of an early
warning report (the “ Early Warning Report ”) pursuant to the requirements of National
Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting
Issues regarding the acquisition of securities of the Issuer by Bullrun Capital Inc. (the
“Acquiror”). The Acquiror is a private venture firm incorporated pursuant to the laws of the
Province of British Columbia and is owned and controlled by Kulwant (Kal) Malhi, a director and
Chairman of the Issuer, with a head office at 10589 Ladner Trunk Road, Vancouver, BC V4K
3N3. The Issuer’s head office is located at Suite 1500-1055 West Georgia Street, Vancouver, BC
V6E 4N7.
On March 4, 202 6, Kulwant (Kal) Malhi, a director and Chairman of the Issuer, through the
Acquiror, acquired 4,000,000 Shares in connection with an option agreement dated September 17,
2024 between the Issuer and the Acquiror pursuant to which the Issuer was granted an ex clusive
option to acquire a 100% interest in and to certain mining claims and a mining lease to which the
Acquiror is the registered and beneficial owner (the “Transaction”).
Prior to the Transaction, Mr. Malhi held, directly and indirectly, 8,238,177 Shares, and 2,500,000
common share purchase warrants, representing approximately 8.85% of the issued and outstanding
Shares (on a non-diluted basis), and 11.75% of the issued and outstanding Shares (on a partially
diluted basis), based on an aggregate of 93,032,926 issued and outstanding Shares prior to the
closing of the Transaction.
Following the Transaction, Mr. Malhi held, directly and indirectly 1 2,238,177 Shares, and
2,500,000 common share purchase warrants, representing approximately 12.61% of the issued and
outstanding Shares (on a non-diluted basis), and 15.28% of the issued and outstanding Shares (on
a partially diluted basis), based on an aggregate of 97, 032,926 issued and outstanding Shares
following the closing of the Transaction.
The Acquiror acquired the Shares for investment purposes. The Acquiror may, depending on
market and other conditions, increase or decrease its ownership of the Issuer’s securities, whether
in the open market, by privately negotiated agreements or otherwise, subject to a number of factors,
including general market conditions and other available investment and business opportunities.
For further information, or to obtain a copy of the Early Warning Report filed under applicable
securities laws, please contact:
Kulwant (Kal) Malhi
Telephone: 604-805-4602
Email: [email protected]
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This early warning news release is issued under the early warning provisions of Canadian
securities legislation, including National Instrument 62-104 – Take-Over Bids and Issuer Bids and
National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider
Reporting Issues