LaFleur Minerals Inc. announced that it has fully exercised its option to acquire 141 mineral claims covering 5,579 hectares located in the Province of Quebec, Canada, adjacent to the Swanson gold deposit. As announced by the company on June 17, 2024, the company entered into an arm's length Option Agreement with Abcourt Mines Inc. (ABI) pursuant to which ABI granted the company the option (the Option) to acquire all of ABI's title and interest in the Property. In accordance with the terms and conditions of the Option Agreement, the company: paid ABI the initial cash payment of $500,000 on June 20, 2024, after which it acquired a 25% interest in the Property; and elected to accelerate the completion of the outstanding payments totalling $1,500,0000 and complete such payment through the issuance of common shares in the capital of the Company (the Shares) to acquire the remaining 75% interest in the Property.

As such, the company issued ABI 4,299,211 Shares with a deemed price of $0.3489 per Share. The Shares are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. Following the company's exercise of the option, the company has: granted ABI a two percent (2%) net smelter returns royalty on certain mineral claims comprising the Property; and assumed ABI's obligations with respect to certain royalties currently existing on the Property.