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LGC.V ·

Lavras Gold issues new stock options

Share Capital & Compensation

News release 2023-8

NEWS RELEASE: Lavras Gold issues new stock options (July 13, 2023) 1

Lavras Gold issues new stock options

TORONTO, ONTARIO – July 13, 2023 – Lavras Gold Corp. (TSXV: LGC, OTCQB:

LGCFF) has granted an aggregate of 1,400,000 stock options (the "Options") to

purchase common shares (the "Common Shares") of the Company exercisable at

a price of $0.23 per Common Share and expiring on July 13, 2028, to certain

directors, officers, consultants and employees of the Company.

The Common Shares issuable upon exercise of the options are subject to a four-

month hold period from the original date of grant.

About Lavras Gold

Lavras Gold (TSXV: LGC, OTCQB: LGCFF) 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 in Rio Grande do Sul State and

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

[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 those on planned exploration activities and goals, 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.