Lago Dourado Minerals Ltd. (TSX VENTURE:LDM) (the "Company" or "Lago Dourado")
has signed a definitive agreement (the "Agreement") relating to the sale of its
Juruena and Novo Astro Projects (the "Transaction") to Crusader Resources Ltd.
(ASX:CAS) ("Crusader"), an ASX listed company focused on the acquisition,
development and operation of projects in Brazil. Consideration for the sale is
C$650,000 cash and up to 2,000,000 ordinary shares of Crusader ("Crusader
Shares") as outlined in further detail below. Crusader has completed its due
diligence enquiries and has sufficient cash on hand to fund the cash
consideration of the sale. Completion of the Transaction is subject to
shareholder approval and the approval of the TSX Venture Exchange. Closing is
expected to occur prior to July 31, 2014.  


Forbes Gemmell, President & CEO, said, "The sale of our Brazilian projects
provides the Company with a material upfront cash injection while the share
consideration will provide ongoing leverage to any exploration or production
success that Crusader may achieve at Juruena and Novo Astro. This is further
complemented by the excellent track record Crusader has thus far demonstrated in
Brazil. Moving forward Lago Dourado will be focused on acquiring or joint
venturing new projects in the mining space at a time when a significant number
of opportunities are presenting themselves due to the recent downturn in the
industry."


As per the Agreement, cash consideration of C$650,000 is payable as follows:



--  C$75,000 which was paid to the Company as a non-refundable deposit; and 
--  C$75,000 within two days of executing the Agreement (refundable under
    certain conditions); and 
--  C$500,000 upon completion of the Transaction.



As per the Agreement, share consideration of up to 2,000,000 Crusader Shares are
issuable as follows and are subject to a voluntary escrow of 12 months from
completion:




--  500,000 Crusader Shares upon completion of the Transaction; and 
--  750,000 Crusader Shares upon definition of a JORC compliant gold
    resource of at least 400,000 ounces greater than 10g/t Au in the
    Indicated category within 5 years of completion; and 
--  750,000 Crusader Shares upon gold production at an annual rate of at
    least 20,000 ounces of gold over a 90 day period within 5 years of
    completion.



Under the Agreement, Crusader's Australian and Brazilian subsidiaries will
acquire 100% ownership of Lago Dourado Mineracao Ltda. ("LDM"), Juruena
Mineracao Ltda. ("JML") and Sunny Skies Investment Ltd.("Sunny Skies"). LDM and
JML own the mineral rights in Brazil of the Company's Juruena and Novo Astro
projects. Sunny Skies' only asset is its interests in LDM and JML. 


Additional information regarding the Transaction will be provided in the
management information circular that will be mailed to shareholders as well as
filed on SEDAR at www.sedar.com. In order for the Transaction to proceed, at
least 2/3 of the votes cast at the shareholders meeting held to consider the
Transaction must be voted in favour of the Transaction. All of the directors of
the Company and shareholders of the Company holding 25% of the Company's
outstanding shares have agreed to vote in favour of the Transaction.


About the Company:

Lago Dourado Minerals Ltd. is a Canadian based mineral exploration company. The
Company currently owns 100% of the Juruena and Novo Astro gold projects in the
state of Mato Grosso, Brazil. The Juruena project consists of multiple
mineralized zones, including several high-grade zones, which coincide with a
giant gold-in-soil anomaly (+15 square kilometres). The Company has conducted
systematic exploration programs over portions of the property including two
diamond drill programs totaling 22,000 metres and one RC program totaling 6,600
metres. The Novo Astro project, located 25 kilometres along trend from Juruena,
is an earlier stage prospect that consists of extensive artisanal workings. Novo
Astro has never previously been drill tested. 


For further information about the company, please visit www.lagodourado.com or
www.sedar.com.


Forward-Looking Statements

This news release contains certain forward-looking statements and
forward-looking information (collectively referred to herein as "forward-looking
statements") within the meaning of Canadian securities laws. All statements
other than statements of historical fact are forward-looking statements. Undue
reliance should not be placed on forward-looking statements, which are
inherently uncertain, are based on estimates and assumptions, and are subject to
known and unknown risks and uncertainties (both general and specific) that
contribute to the possibility that the future events or circumstances
contemplated by the forward-looking statements will not occur, including the
closing of the Transaction. Although Lago Dourado believes that the expectations
reflected in the forward looking statements contained in this press release, and
the assumptions on which such forward-looking statements are made, are
reasonable, there can be no assurance that such expectations will prove to be
correct. Readers are cautioned not to place undue reliance on forward-looking
statements included in this document, as there can be no assurance that the
plans, intentions or expectations upon which the forward-looking statements are
based will occur. By their nature, forward-looking statements involve numerous
assumptions, known and unknown risks and uncertainties that contribute to the
possibility that the predictions, forecasts, projections and other
forward-looking statements will not occur, which may cause Lago Dourado's actual
performance and results in future periods to differ materially from any
estimates or projections of future performance or results expressed or implied
by such forward-looking statements. The forward-looking statements contained in
this news release are made as of the date hereof and Lago Dourado does not
undertake any obligation to update publicly or to revise any of the included
forward-looking statements, except as required by applicable law. The
forward-looking statements contained herein are expressly qualified by this
cautionary statement.


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Forbes Gemmell
President and Chief Executive Officer
Tel: (416) 368-5005
Email: investor@lagodourado.com