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Lavras Gold enhances Brazilian leadership team Paulo Serpa joins as Country Manager and Thiago Schlichta as Project Geology Coordinator.

Management Changes

News release 2022-6

NEWS RELEASE (May 31, 2022): Lavras Gold enhances Brazilian leadership team 1

Lavras Gold enhances Brazilian leadership team

Paulo Serpa joins as Country Manager and Thiago Schlichta as Project

Geology Coordinator.

TORONTO, ONTARIO – May 31, 2022 – Lavras Gold Corp. (TSXV: LGC) has added two

critical people to its leadership team in Brazil: Paulo Serpa and Thiago Schlichta.

Messrs. Serpa and Schlichta will be key to advancing the Lavras do Sul Project in

southern Brazil.

“I am very pleased that Paulo will lead our team in Brazil,” said Michael Durose,

President and Chief Executive Officer of Lavras Gold Corp. “As Country Manager of

Amarillo, he was instrumental in finalizing key land agreements and permits, while

maintaining strong relationships with the local communities.”

About Paulo Serpa, an expert in community and governmental relations

Mr. Serpa, a Brazilian national, has spent the bulk of his 35 years in the mining industry

developing mines. He was most recently Country Manager for Amarillo Gold

Corporation. Prior to joining Amarillo, he was the Director of South America

Institutional Affairs for Imerys, a French multinational company. In that role, he

oversaw government relations, licensing, mining rights, and social responsibilities for

24 industrial mine sites. His previous experience includes three years at Yamana Gold,

where as Country Manager for Honduras, he led the expansion of the San Andres

mine and the Mercedes Mine in Mexico. Mr. Serpa has a BSc in mining engineering

and an MBA.

“I am also thrilled to welcome Thiago aboard,” added Durose. “He brings extensive

experience working in gold exploration, particularly in Brazil. Thiago is already familiar

with the LDS Project, as he worked there while employed at IAMGOLD Corporation.”

About Thiago Schlichta, an experienced gold exploration geologist

Mr. Schlichta has spent approximately 15 years working as a project and field

geologist, largely focused on gold exploration in greenstone belt orogenic deposits in

Brazil and Suriname. He was most recently the Exploration Manager for Anglo Gold

Ashanti at Serra Grande, Brazil, where he oversaw near mine exploration and

brownfield exploration for the Serra Grande Operation. His previous exploration

includes successively more senior roles at several IAMGOLD projects in Brazil and

Suriname. Mr. Schlichta has a B.Sc. in Geology and an MBA.

Lavras Gold: Exploring to realize the potential of a multi-million ounce

district in southern Brazil

Lavras Gold (TSXV: LGC) is a Canadian exploration company focused on realizing the

potential of the Lavras do Sul gold project (LDS Project) in Brazil. Located in the state of

Rio Grande do Sul, the LDS Project is believed to host an alkaline porphyry gold-copper

system. More than 23 gold prospects centred on historic gold workings have been

identified on the property, which spans more than 22,000 hectares.

News release 2022-6

NEWS RELEASE (May 31, 2022): Lavras Gold enhances Brazilian leadership team 2

The Company’s vision is to maximize shareholder value by applying a sustained

systematic and technically-based exploration program to the LDS Project and any

other opportunities that may arise.

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

[email protected] [email protected]

DISCLAIMER

Neither the TSX Venture Exchange nor its Regulation Services Provider (as defined in the policies of the TSX

Venture Exchange) accepts responsibility for the adequacy or accuracy of the content of this news release.

FORWARD-LOOKING INFORMATION

This news release contains certain “forward-looking information” within the meaning of applicable

securities laws. Forward looking information is frequently characterized by words such as “plan”, “expect”,

“project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “would”, “potential”, “proposed” and other

similar words, or statements that certain events or conditions “may” or “will” occur. These statements,

including statements with respect to planned exploration activities and goals, the proposed Consolidation

and the timing thereof, are only objectives and predictions. Forward-looking information is based on the

opinions and estimates of management at the date the information is provided, and is subject to a variety

of risks and uncertainties and other factors that could cause actual events or results to differ materially from

those projected in the forward-looking information, including the risks and factors that generally affect

exploration and the uncertainty of exploration results and the ability to obtain regulatory approval for the

Consolidation. For a description of the risks and uncertainties facing the Company and its business and

affairs, readers should refer to the Company’s Management’s Discussion and Analysis and Listing Statement

recently filed under the Company’s profile on www.sedar.com. The Company undertakes no obligation to

update forward-looking information if circumstances or management’s estimates or opinions should

change, unless required by law. The reader is cautioned not to place undue reliance on forward-looking

information.