Cabral Gold Inc (QX) (CBGZF)

Cabral Gold Drills 25m @ 7.5 g/t Gold Including 10m @ 17.1 g/t Gold as Part of Pre-Production Infill Drilling, MG Gold Deposit, Cuiú Cuiú Gold District, BrazilJune 11, 2026 6:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - June 11, 2026) - Cabral Gold Inc. (TSXV: CBR) (OTCQX: CBGZF) ("Cabral" or the "Company") is pleased to announce results from 38 additional reverse circulation ("RC") infill drill holes recently drilled as part of the pre-production drill-to-measured resource upgrade and production de-risking of the gold-in-oxide ore within the MG starter pit at the Cuiú Cuiú Gold District, Brazil.HighlightsThe stand-out hole from this batch of results was RC737 which returned 25m @ 7.47 g/t gold from surface including 10m @ 17.09 g/t gold from 6m depth. This interval included a higher-grade section of 2m @ 69.3 g/t gold This intercept, at 185 gram*meters ranks as #14 on the drill intercept grade-thickness scale of all holes drilled within the Cuiú Cuiú district to date and comes just a week after DDH384 at Jerimum Cima which returned 107.6m @ 2.5 g/t gold including 17.8m @ 13.0 g/t gold, ranking #5 at 269 gram*meters (see press release dated June 2, 2026)Other notable results from this batch of RC drill results from MG include;24m @ 0.79 g/t gold from surface in RC71419m @ 2.19 g/t gold from surface including 7m @ 5.05 g/t gold in RC71525m @ 1.65 g/t gold from surface including 2m @ 8.57 g/t gold in RC71625m @ 0.87 g/t gold from surface in RC71725m @ 0.61 g/t gold from surface in RC718 25m @ 0.65 g/t gold from surface in RC719 24m @ 0.69 g/t gold from surface in RC722 25m @ 1.89 g/t gold from surface including 8m @ 4.52 g/t gold in RC72320m @ 0.93 g/t gold from surface in RC72420m @ 2.59 g/t gold from surface including 6m @ 7.08 g/t gold in RC72525m @ 0.84 g/t gold from surface in RC72925m @ 1.14 g/t gold from surface in RC73018m @ 1.99 g/t gold from surface in RC73225m @ 1.28 g/t gold from surface in RC73325m @ 0.84 g/t gold from surface in RC73616m @ 1.63 g/t gold from surface in RC73819m @ 0.85 g/t gold from surface in RC74125m @ 0.72 g/t gold from surface in RC74223m @ 0.76 g/t gold from surface in RC743Drilling has been completed at MG on this program for a total of 5,767 meters drilled in 166 holes. Assay results have been released on 124 holes and are pending on the final 42 infill holes Alan Carter, Cabral's President and CEO commented, "These additional infill drill results at MG continue to confirm the presence of consistent, higher gold-in-oxide grades over significant widths, from surface, providing us with greater confidence in planned ore delivery during the initial years of mining at MG. The results from RC737 mean that it is one of the best holes ever drilled within the MG gold deposit, and also within the wider Cuiú Cuiú district. The higher grades noted in several holes at MG, including RC737, could reflect zones of higher-grade mineralization within the underlying primary gold deposit at MG". MG RC Infill Drill ResultsThe MG gold deposit is one of the two main gold deposits that currently comprise the Indicated and Inferred resource base at Cuiú Cuiú (see Figure 1). As with the nearby Central gold deposit, the upper portion of the subvertical MG gold mineralization is extensively weathered resulting in a vertical profile of saprolite extending to 60 meters ("m") depth. This saprolite together with the overlying blanket sediments and soils, which are also mineralized, will form the starter pit for the Phase 1 gold-in-oxide mining operation which is due to commence production in Q4 2026. Figure 1: Map showing location of known gold deposits at MG, Central, and JB. The location of new discoveries at PDM, Machichie NE and Machichie Main and Jerimum Cima discovery are also shown.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/301052_3d7410bda4d81954_002full.jpgThe objective of the RC infill drill program at MG is to provide greater confidence in the grade and continuity of the planned oxide-gold ore supply from MG to the heap leach pad, ahead of mining, and to further refine the mine plan that was developed as part of the PFS study release in July 2025 (see press release dated July 29, 2026). Results have been received on an additional 38 infill RC holes, each drilled to 25m depth, targeting the gold-in-oxide material in the eastern and central parts of the MG starter pit. These follow the receipt of results previously from 86 infill RC holes (see press releases dated April 7, May 7, and May 25, 2026). The program of infill drilling was designed to enhance the level of confidence around the Year 1 mine plan at MG and to upgrade the current resource by the end of this month. The infill drilling program at MG has completed a total of 166 RC holes totalling 5,767m. The RC drill results reported to date confirm the presence of good grades, from surface, within the weathered saprolite and overlying sedimentary blanket and the Year 1 pit outline (see Figure 2, Table 1). Of particular note, are the following RC drill results;24m @ 0.79 g/t gold from surface in RC71419m @ 2.19 g/t gold from surface including 7m @ 5.05 g/t gold in RC71525m @ 1.65 g/t gold from surface including 2m @ 8.57 g/t gold in RC71625m @ 0.87 g/t gold from surface in RC71725m @ 0.61 g/t gold from surface in RC718 25m @ 0.65 g/t gold from surface in RC719 24m @ 0.69 g/t gold from surface in RC722 25m @ 1.89 g/t gold from surface including 8m @ 4.52 g/t gold in RC72320m @ 0.93 g/t gold from surface in RC72420m @ 2.59 g/t gold from surface including 6m @ 7.08 g/t gold in RC72525m @ 0.84 g/t gold from surface in RC72925m @ 1.14 g/t gold from surface in RC73018m @ 1.99 g/t gold from surface in RC73225m @ 1.28 g/t gold from surface in RC73325m @ 0.84 g/t gold from surface in RC73625m @ 7.47 g/t gold from surface including 10m @ 17.09 g/t gold in RC73716m @ 1.63 g/t gold from surface in RC73819m @ 0.85 g/t gold from surface in RC74125m @ 0.72 g/t gold from surface in RC74223m @ 0.76 g/t gold from surface in RC743All of the holes reported herein were drilled within the Year 1 pit to a maximum depth of 25m (Figure 2, Table 1). Many of the holes ended in mineralization. Figures 3 and 4 show cross-sections for holes drilled in the central part of the gold-in-oxide deposit and results for;holes RC731, RC735, and RC737 (which returned 25m @ 7.47 g/t gold from surface including 10m @ 17.09 g/t gold from 6m depth, which included a higher-grade section of 2m @ 69.3 g/t gold) (Figure 3), and holes RC732 (which returned 18m @ 1.99 g/t gold from surface), RC733 (which returned 25m @ 1.28 g/t gold from surface), RC734, RC736 (which returned 25m @ 0.84 g/t gold from surface) and RC738 (which returned 16m @ 1.63 g/t gold from surface) (Figure 4) These results are in line with the existing MG mine plan and confirm the pre-existing drill hole results and validate the geological model demonstrating the presence of significant near surface resources with good grade material amenable to heap leach.Figure 2: Map showing the location of RC infill drillholes at the MG gold deposit aimed at further defining the gold-in-oxide reserves that will form the basis of the starter pit for the Phase 1 gold-in-oxide operation. The Year 1 pit outline is shown together will drill holes reported in this press release as well as other recently completed RC infill drill holes.
Terms: g/t = grams / tonne, m = metres, Au = gold. True widths may be up to 50% of actual drill interceptsTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/301052_3d7410bda4d81954_003full.jpgFigure 3: Section 553325E showing the location of RC infill drillholes RC731, RC735 and RC737 which returned 25m @ 7.47 g/t gold from surface including 10m @ 17.09 g/t gold from 6m depth. This interval included a higher-grade section of 2m @ 69.3 g/t gold at the MG gold deposit. Terms: g/t = grams / tonne, m = metres, Au = gold. True widths may be up to 50% of actual drill interceptsTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/301052_3d7410bda4d81954_004full.jpgFigure 4: Section 553337E showing the location of RC infill drillholes RC732, RC733, RC734, RC736 and RC738 at the MG gold deposit. Terms: g/t = grams / tonne, m = metres, Au = gold. True widths may be up to 50% of actual drill interceptsTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/301052_3d7410bda4d81954_005full.jpgDrill Hole #Weathering
FromToThicknessGrade


(m)(m)(m)g/t goldRC706Blanket/
0.024.024.00.44
SaproliteIncl.8.09.01.04.13

EOH 25.0



RC707Blanket / Sap.
0.016.016.00.32

EOH 25.0



RC708Blanket/ Sap.
0.017.017.00.37

EOH 25.0



RC709Blanket /
0.011.011.00.32
Saprolite
21.022.01.01.68

EOH 25.0



RC710Blanket/
0.011.011.00.26
Saprolite
13.019.06.00.11

EOH 25.0



RC711Blanket/
0.018.018.00.36
Saprolite
23.025.02.00.28

EOH 50.0



RC712Blanket /
0.017.017.00.38
SaproliteIncl.9.010.01.01.21

and12.013.01.01.77

EOH 25.0



RC713Blanket /
0.011.011.00.25
Saprolite
18.025.07.00.21

EOH 25.0



RC714Blanket / Sap.
0.024.024.00.79

Incl.7.08.01.03.56

and20.021.01.04.44

EOH 25.0



RC715Blanket /
0.019.019.02.19
SaproliteIncl.5.012.07.05.05

EOH 25.0



RC716Blanket /
0.025.025.01.65

Incl.6.08.02.08.57

and22.024.02.05.61

EOH 25.0



RC717Blanket /
0.025.025.00.87
SaproliteIncl.4.08.04.02.71

EOH 25.0



RC718Blanket /
0.025.025.00.61
SaproliteIncl.1.09.08.01.41

EOH 25.0



RC719Blanket /
0.025.025.00.65
SaproliteIncl.12.013.01.01.38

and19.021.02.02.20

EOH 25.0



RC720Blanket /
0.08.08.00.58
SaproliteIncl.3.04.01.01.25


14.025.011.01.03

Incl.15.018.03.02.40

EOH 25.0



RC721Blanket /
0.06.06.00.73
Saprolite
11.025.014.00.66

EOH 25.0



RC722Blanket /
0.024.024.00.69
SaproliteIncl.0.08.08.01.33

and23.024.01.01.41

EOH 25.0



RC723Blanket /
0.025.025.01.89
SaproliteIncl.17.025.08.04.52

EOH 25.0



RC724Blanket /
0.020.020.00.93
SaproliteIncl.4.08.04.02.85

EOH 25.0



RC725Blanket /
0.020.020.02.59
SaproliteIncl.5.011.06.07.08

Incl.6.08.02.015.16

EOH 25.0



RC726Blanket/
0.011.011.00.71
Saprolite
18.025.07.03.87

Incl.19.020.01.016.34

EOH 25.0



RC727Blanket /
0.013.013.00.93
Saprolite
6.07.01.04.17

Incl.16.022.06.00.46


19.020.01.01.48

EOH 25.0



RC728Blanket /
0.014.014.01.29
Saprolite
5.08.03.03.41

EOH 25.0



RC729Blanket /
0.025.025.00.84
SaproliteIncl.6.012.06.01.55


20.021.01.03.33

EOH 25.0



RC730Blanket /
0.025.025.01.14
SaproliteIncl.15.018.03.03.09

EOH 25.0



RC731Blanket / Sap
0.015.015.00.85

EOH 25.0



RC732Blanket /
0.018.018.01.99
SaproliteIncl.5.08.03.07.19


22.023.01.01.19

EOH 25.0



RC733Blanket /
0.025.025.01.28
SaproliteIncl.13.015.02.05.84

and21.022.01.05.84

EOH 25.0



RC734Blanket /
0.011.011.01.32
Saprolite
16.025.09.00.32

EOH 25.0



RC735Blanket / Sap.
0.013.013.00.75

EOH 25.0



RC736Blanket / Sap.
0.025.025.00.84

EOH 25.0



RC737Blanket /
0.025.025.07.47
SaproliteIncl.6.016.010.017.09

Incl.10.012.02.069.32

EOH 25.0



RC738Blanket /
0.016.016.01.63
SaproliteIncl.11.012.01.05.31


19.025.06.00.51

EOH 25.0



RC739Blanket /
0.08.08.00.67
SaproliteIncl.5.06.01.01.46


17.025.08.01.84

Incl.21.023.02.05.17

EOH 25.0



RC740Blanket /
0.011.011.00.37
SaproliteIncl.20.024.04.00.27

EOH 25.0



RC741Blanket /
0.019.019.00.85
SaproliteIncl.5.07.02.02.36

EOH 25.0



RC742Blanket /
0.025.025.00.72
SaproliteIncl.23.024.01.02.65

EOH 25.0



RC743Blanket /
0.023.023.00.76
SaproliteIncl.6.09.03.02.28

EOH 25.0



 Table 1: Drill results from RC drill holes (RC706 to RC743) at the MG gold deposit. All RC holes were drilled at a dip of 60 degrees on a bearing of 180 degrees. Terms: g/t = grams / tonne, m = metres, Au = gold, EOH = end of hole. True widths may be up to 50% of actual drill intercepts About Cabral Gold Inc.The Company is a junior resource Company engaged in the exploration, development and near-term production from gold properties located in Brazil. The Company has a 100% interest in the Cuiú Cuiú gold district located in the Tapajós Region, within the state of Pará in northern Brazil. Three main gold deposits have so far been defined at the Cuiú Cuiú project which contain National Instrument ("NI") 43-101 compliant Indicated resources of 12.29Mt @ 1.14 g/t gold (450,200oz) in fresh basement material and 13.56Mt @ 0.50 g/t gold (216,182oz) in oxide material. The project also contains Inferred resources of 13.63Mt @ 1.04 g/t gold (455,100oz) in fresh basement material and 6.4Mt @ 0.34 g/t gold (70,569oz) in oxide material. The resource estimate for the primary material is based on the NI 43-101 technical report dated October 12, 2022. The resource estimate for the oxide material at PDM and MG is based on a NI 43-101 technical report dated October 21, 2024. The resource estimate for the oxide material at Central and Machichie is based on a NI43-101 technical report ("Updated PFS") dated July 29, 2025. The Company is currently engaged in the construction of a Phase 1 gold-in-oxide heap leach operation based on the NI43-101 technical report PFS and expects to enter commercial gold production in Q4 2026.The Tapajós Gold Province is the site of the largest gold rush in Brazil's history which according to the ANM (Agência Nacional de Mineração or National Mining Agency of Brazil) produced an estimated 30 to 50 million ounces of placer gold between 1978 and 1995. Cuiú Cuiú was the largest area of placer workings in the Tapajós and produced an estimated 2Moz of placer gold historically.FOR FURTHER INFORMATION PLEASE CONTACT:"Alan Carter"President and Chief Executive Officer
Cabral Gold Inc.Tel: 604.676.5660Quality Assurance / Quality ControlCabral maintains a Quality Assurance / Quality Control ("QAQC") program for all its exploration projects using industry best practices. Key elements of the QAQC program include verifiable chain of custody for samples, regular insertion of certified reference materials, blanks, and duplicates, as well as check assays on results. RC samples are split, collected in plastic sample bags, and sealed on drill hole location. Drill core is halved by saw cut or slicer (in soft saprolite). RC and core samples are shipped in sealed bags by independent contractor to SGS GEOSOL Laboratorios in Vespasiano, Brazil, an independent analytical services provider with global certifications for Quality Management Systems (ISO 9001:2015 and ISO 14001:2015 (ABS Certificates 32982 and 39911) and ISO/IEC 17025:2017 accreditation (CRL-0386)). Gold analyses are routinely performed via 50g fire assay with secondary assay techniques applied on higher grade samples. Final assay results are validated by Cabral Geological Staff prior to insertion into the database. Additional information regarding the Company's data verification processes is set out in the CBR, 43-101, PFS Technical Report, July 2025, which can be found on the Company's website.Qualified Person and Technical InformationTechnical information included in this release was supervised and approved by Brian Arkell, B.S. Geology and M.S. Economic Geology, SME (Registered Member), AusIMM (Fellow) and SEG (Fellow), Cabral Gold's Vice President, Exploration and Technical Services, and a Qualified Person under NI 43-101.Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-looking StatementsThis news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"). The use of the words "will", "expected" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/301052 Original: Cabral Gold Drills 25m @ 7.5 g/t Gold Including 10m @ 17.1 g/t Gold as Part of Pre-Production Infill Drilling, MG Gold Deposit, Cuiú Cuiú Gold District, Brazil

Cabral Gold Drills 107.6m @ 2.5 g/t Gold Including 17.8m @ 13.0 g/t Gold at Jerimum Cima Target, Cuiú Cuiú Gold District, BrazilJune 2, 2026 6:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - June 2, 2026) - Cabral Gold Inc. (TSXV: CBR) (OTCQX: CBGZF) ("Cabral" or the "Company") is pleased to announce results from three additional diamond drill core holes recently drilled at the Jerimum Cima target within the Cuiú Cuiú Gold District, Brazil.HighlightsDrilling at the Jerimum Cima target, located 3km ENE of the Central gold deposit and 3.5km NW of the MG gold deposit at Cuiú Cuiú, returned 107.6m @ 2.5 g/t gold from 162.7m depth including 17.8m @ 13.0 g/t gold from 232.9m depthincluding 3.8m @ 59.9 g/t gold from 232.9m depthin hole DDH384, all intercepts in primary mineralizationThe zone intersected in DDH384 is interpreted to be the same zone intersected by previous drill holes which include DDH372 which returned 9.5m @ 87.4 g/t gold including 2.9m @ 285.5 g/t gold and DDH378 which returned 10.2m @ 8.7 g/t gold including 1.3m @ 62.5 g/t gold, as well as other holes which returned 45.6m @ 4.5 g/t gold including 1.5m @ 117.26 g/t gold, and 82.6m @ 0.98 g/t including 9.5m @ 5.74 g/t goldThe results from the new core hole DDH384 suggest that the high-grade mineralized zone at Jerimum Cima is continuous along strike for 455m and extends at least 60m further down dip than previously thought to at least 150m depth. The zone remains open along strike and down-dip Alan Carter, Cabral's President and CEO commented, "The Jerimum Cima target continues to deliver extraordinary drill results and is not currently part of the existing resource base at Cuiú Cuiú. It is clearly a significant mineralized system with some of the highest grades we have ever encountered within the district. The significance of the high-grade drill intercept in DDH384 is two-fold. Firstly, it further demonstrates along strike continuity of the high-grade mineralized zone at Jerimum Cima. Secondly, it extends the high-grade zone to greater depth. Gold mineralization remains open to the east and at depth and determining the limits to the mineralized system, particularly the central high-grade zone, will be a major focus for our exploration drilling over the next few weeks and months." Brian Arkell, Cabral's VP of Exploration commented: "Our team has again drilled one of the best holes ever at the Cuiú Cuiú project within the main zone of Jerimum Cima, cutting 107.6 meters averaging 2.5 g/t Au. The intercept included a very high-grade zone of 17.8 meters running over 13 grams per tonne and is highlighted by a 3.8 meter zone of nearly 60 grams per tonne. This is now one of several diamond holes drilled along what appears to be a continuous zone of high-grade mineralization with previous drill holes returning 10.2m @ 8.7 g/t gold in DDH378, 9.5m @ 87.4 g/t gold in DDH 372, and 45.6m @ 4.5 g/t gold in CC26. Jerimum Cima is shaping up to be a very promising discovery with several zones of gold mineralization now identified over a 900-metre strike length, and it is still open to the east and at depth. Drilling at the Jerimum Cima discovery is continuing with two diamond drills and one RC machine and additional results are pending. The mineralized structure at Jerimum Cima is open to the east for up to 2km and our drilling is focused on stepping out in this direction."Jerimum Cima Drill Results The Jerimum Cima target is located 3 kilometres ("km") ENE of the Central gold deposit and 3.5km NW of the MG gold deposit (Figure 1). The target is characterized by a very strong gold-in-soil anomaly of +100 parts per billion ("ppb") gold covering an area of 900 meters ("m") x 1000m and is comparable with the gold-in-soil anomalies above the MG and Central gold deposits, and the PDM and Machichie Main gold discoveries. As with the MG gold deposit and the Machichie Main gold discovery, gold mineralization at Jerimum Cima is centered on a major east-west trending fault zone, which forms a splay off the regional scale Tocantinzinho fault system.Figure 1: Map showing location of known gold deposits at Central, MG and JB. The location of discoveries at PDM, Machichie NE and Machichie Main as well as the Jerimum Cima discovery are also shown. To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/299771_28219b2614e6c859_002full.jpgRecent drilling at Jerimum Cima has returned some excellent results including: 9.5m @ 87.4 grammes per tonne ("g/t") gold from 173.8m depth including 2.9m @ 285.5 g/t gold (see press release dated March 12, 2026) 10.2m @ 8.7 g/t gold from 99.5m depth including 1.3m @ 62.5 g/t gold from 108.4m depth (see press release dated May 13, 2026) 45.6m @ 4.5 g/t gold including 1.5m @ 117.26 g/t gold in primary intrusive rock material 49m @ 2.0 g/t gold including 1m @ 57.0 g/t gold (see press release dated May 21, 2025) and 82.6m @ 1.0 g/t including 9.5m @ 5.74 g/t gold (see press release dated January 26, 2026). In addition, a number of surface trenches returned gold intercepts of very good grade in gold-in-oxide material, and include 14m @ 1.6 g/t gold, 20m @ 1.2 g/t gold, 10m @ 1.3 g/t gold, and 24m @ 0.7 g/t gold and 18m @ 1.9 g/t gold (see press release dated November 14, 2024).DDH384 was drilled on section 551022E with an azimuth of 180 degrees and at an angle of 60 degrees within the central eastern part of the Jerimum Cima target and was designed to further test the continuity and down dip extension of the high-grade mineralization intersected in previous holes. The hole returned 107.6m @ 2.5 g/t gold from 162.7m depth including 17.8m @ 13.0 g/t gold from 232.9m depth including 3.8m @ 59.9 g/t gold from 232.9m depth (Figures 2 and 3, Table 1).The zone intersected in DDH384 is very likely the same zone intersected by previous drill holes to the east and west. DDH384 was drilled 40m west of DDH372 which returned 9.5m @ 87.4 gold from 173.8m depth including 2.9m @ 285.5 g/t gold (see press release dated March 12, 2026).In addition, DDH375 reported herein was drilled 220m west of DDH372 and returned 37.4m @ 0.20 g/t gold from 133.3m depth and 20.8m @ 0.60 g/t gold from 181.2m depth including 0.9m @ 9.30 g/t gold. The results from DDH384 at Jerimum Cima further suggest continuity of the high-grade zone along strike which has so far been traced for 455m east-west and is open in both directions along strike, particularly to the east. More importantly, DDH384 extends this zone an additional 60m down dip and it remains open at depth. Additional near surface RC drilling and deeper diamond drilling is in progress aimed at determining the size of the mineralized system at Jerimum Cima. Figure 2: Map showing the location of drill holes at the Jerimum Cima target. The location of diamond drill holes DDH375, DDH382 and DDH384 reported herein are also shown together with previous significant drill and trench results including DDH372 which cut 9.5m @ 87.4 gold, CC26 which cut 45.6m @ 4.5 g/t gold, RC561 which returned 49m @ 2.0 g/t including 1m @ 57.0 g/t and DDH359 which returned 82.6m @ 1.0 g/t including 9.5m @ 5.7 g/t gold g/t gold. Note that several parallel mineralized zones in the underlying intrusive rocks have now been identified at Jerimum Cima extending over at least 900m E-W. The limit to the oxide banket as currently known is also shown. Terms: g/t = grams / tonne, m = metres, Au = gold. True widths may be 50% of actual drill interceptsTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/299771_28219b2614e6c859_003full.jpgFigure 3: Cross section showing section 551022E at the Jerimum Cima discovery showing results from DDH384 which returned 107.6m @ 2.5 g/t gold from 162.7m depth including 17.8m @ 13.0 g/t gold. DDH384 was drilled at a dip of 60 degrees on a bearing of 180 degrees. True widths may be 50% of actual drill intercepts. Terms: g/t = grams / tonne, m = metres, Au = goldTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/299771_28219b2614e6c859_004full.jpgDrill Hole #Weathering
FromTo ThicknessGrade


(m)(m)(m)g/t goldDDH375 Intrusive rock
133.3170.737.40.20


150.0151.41.43.70


181.2202.020.80.60

Incl.181.2182.10.99.30

and190.9191.50.61.20

and200.7202.01.31.65

EOH 211.4



DDH382Intrusive rock
145.3149.03.70.20


170.0172.42.42.70


212.1213.901.80.48

EOH 250.0



DDH384Intrusive rock
92.3112.620.30.20


107.1107.60.54.97


162.7270.3107.62.46


232.9250.717.813.04


232.8236.63.859.93

EOH 371.3



 
Table 1: Drill results from diamond drill holes DDH375, DDH382 and DDH384, at the Jerimum Cima discovery. DDH375 and DDH382 were both drilled at a dip of 55 degrees on a bearing of 0 degrees DDH384 was drilled at a dip of 60 degrees on a bearing of 180 degrees. Terms: g/t = grams / tonne, m = metres, Au = gold, EOH = end of hole. True widths may be 50% of actual drill intercepts Drilling is ongoing at the Jerimum Cima target with 2 diamond drill rigs and 1 RC rig with the objective of generating initial resources for the gold-in-oxide blanket and the underlying primary mineralized zones. Diamond drilling is also ongoing at the Mutum target and the Central gold deposit and further drilling is planned at Jerimum Baixo, Machichie Main and Machichie NE with the objective of updating the global resource base later this year. About Cabral Gold Inc.The Company is a junior resource Company engaged in the exploration, development and near-term production from gold properties located in Brazil. The Company has a 100% interest in the Cuiú Cuiú gold district located in the Tapajós Region, within the state of Pará in northern Brazil. Three main gold deposits have so far been defined at the Cuiú Cuiú project which contain National Instrument ("NI") 43-101 compliant Indicated resources of 12.29Mt @ 1.14 g/t gold (450,200oz) in fresh basement material and 13.56Mt @ 0.50 g/t gold (216,182oz) in oxide material. The project also contains Inferred resources of 13.63Mt @ 1.04 g/t gold (455,100oz) in fresh basement material and 6.4Mt @ 0.34 g/t gold (70,569oz) in oxide material. The resource estimate for the primary material is based on the NI 43-101 technical report dated October 12, 2022. The resource estimate for the oxide material at PDM and MG is based on a NI 43-101 technical report dated October 21, 2024. The resource estimate for the oxide material at Central and Machichie is based on a NI43-101 technical report ("Updated PFS") dated July 29, 2025. The Company is currently engaged in the construction of a Phase 1 gold-in-oxide heap leach operation based on the NI43-101 technical report PFS and expects to enter commercial gold production in Q4 2026.The Tapajós Gold Province is the site of the largest gold rush in Brazil's history which according to the ANM (Agência Nacional de Mineração or National Mining Agency of Brazil) produced an estimated 30 to 50 million ounces of placer gold between 1978 and 1995. Cuiú Cuiú was the largest area of placer workings in the Tapajós and produced an estimated 2Moz of placer gold historically.FOR FURTHER INFORMATION PLEASE CONTACT:"Alan Carter"President and Chief Executive Officer
Cabral Gold Inc.Tel: 604.676.5660Quality Assurance / Quality ControlCabral maintains a Quality Assurance / Quality Control ("QAQC") program for all its exploration projects using industry best practices. Key elements of the QAQC program include verifiable chain of custody for samples, regular insertion of certified reference materials, blanks, and duplicates, as well as check assays on results. RC samples are split, collected in plastic sample bags, and sealed on drill hole location. Drill core is halved by saw cut or slicer (in soft saprolite). RC and core samples are shipped in sealed bags by independent contractor to SGS GEOSOL Laboratorios in Vespasiano, Brazil, an independent analytical services provider with global certifications for Quality Management Systems (ISO 9001:2015 and ISO 14001:2015 (ABS Certificates 32982 and 39911) and ISO/IEC 17025:2017 accreditation (CRL-0386)). Gold analyses are routinely performed via 50g fire assay with secondary assay techniques applied on higher grade samples. Final assay results are validated by Cabral Geological Staff prior to insertion into the database. Additional information regarding the Company's data verification processes is set out in the CBR, 43-101, PFS Technical Report, July 2025, which can be found on the Company's website.Qualified Person and Technical InformationTechnical information included in this release was supervised and approved by Brian Arkell, B.S. Geology and M.S. Economic Geology, SME (Registered Member), AusIMM (Fellow) and SEG (Fellow), Cabral Gold's Vice President, Exploration and Technical Services, and a Qualified Person under NI 43-101.Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-looking StatementsThis news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"). The use of the words "will", "expected" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/299771 Original: Cabral Gold Drills 107.6m @ 2.5 g/t Gold Including 17.8m @ 13.0 g/t Gold at Jerimum Cima Target, Cuiú Cuiú Gold District, Brazil

Cabral Gold Announces Additional Results of Infill Drilling at the MG Gold deposit, Cuiú Cuiú Gold District, BrazilMay 26, 2026 6:29 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 26, 2026) - Cabral Gold Inc. (TSXV: CBR) (OTCQX: CBGZF) ("Cabral" or the "Company") is pleased to announce results from 32 additional reverse circulation ("RC") infill drill holes from gold-in-oxide material at the MG starter pit within the Cuiú Cuiú Gold District, Brazil.HighlightsResults have been received on an additional 32 infill RC holes targeting the gold-in-oxide material in the eastern and central parts of the MG starter pit. The program of infill drilling is aimed at improving the confidence around the current mine plan at MG and upgrading the current reserve. A total of 158 infill RC holes at MG totalling 5,573m have now been completed. Assay results are pending on the remaining 76 infill holes at MG Notable results from this batch of RC drill results from MG include;19m @ 0.65 g/t gold from surface in RC674and 10m @ 1.40 g/t gold in RC674 27m @ 0.54 g/t gold from surface in RC675 35m @ 0.50 g/t gold from surface in RC68039m @ 0.70 g/t gold from surface in RC681 36m @ 1.07 g/t gold from surface in RC687 25m @ 4.35 g/t gold from surface in RC690 25m @ 1.00 g/t gold from surface in RC69125m @ 0.86 g/t gold from surface in RC69213m @ 1.37 g/t gold from surface in RC69425m @ 0.63 g/t gold from surface in RC69725m @ 0.65 g/t gold from surface in RC69821m @ 1.60 g/t gold from surface in RC69917m @ 0.62 g/t gold from surface in RC70017m @ 0.65 g/t gold from surface in RC702Brian Arkell, Cabral's VP Exploration and Technical Services commented, "We've now completed infill drilling aimed at upgrading our two-year MG oxide pit to measured reserve classification, giving us increasing confidence in achieving operational results in line with the PFS. Although we are still awaiting assays from a number of holes, results thus far have been exceptional with our initial model reconciliation falling within 3% of our existing model. Our mining team is now in place and is continuing with early ore control, processing related works, and fine tuning of the short term mine plan. With the MG infill drilling completed, the RC rig will return to focussing on exploration work and particularly establishing an initial resource for the gold-in-oxide material at the Jerimum Cima discovery."MG RC Infill Drill Results The MG gold deposit is one of the two main gold deposits that currently comprise the Indicated and Inferred resource base at Cuiú Cuiú (see Figure 1). As with the nearby Central gold deposit, the upper portion of the subvertical MG gold mineralization is extensively weathered resulting in a vertical profile of saprolite extending to 60m depth. This saprolite together with the overlying blanket sediments and soils, which are also mineralized, will form the starter pit for the Phase 1 gold-in-oxide mining operation which is due to commence production in Q4 2026. Figure 1: Map showing location of known gold deposits at MG, Central, and JB. The location of new discoveries at PDM, Machichie NE and Machichie Main and Jerimum Cima discovery are also shown.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/298847_3b51ba53e4f7eadc_002full.jpgThe objective of the RC infill drill program at MG was to provide greater confidence in the grade and continuity of the current reserve at MG ahead of mining and to further refine the mine plan that was developed as part of the PFS study release in July 2025 (see press release dated July 29, 2026). Results have been received on an additional 32 infill RC holes targeting the gold-in-oxide material in the eastern and central parts of the MG starter pit. These follow the receipt of results from an initial 24 infill RC holes reported on April 7, 2026 and 30 infill holes reported on May 7, 2026. The program of infill drilling was aimed at improving the confidence around the Year 1 mine plan at MG and upgrading the current resource by the end of this month. The infill drilling program at MG has completed a total of 158 RC holes totalling 5,573m.The RC drill results reported to date confirm the presence of good grades within the weathered saprolite and overlying sedimentary blanket and the Year 1 pit outline (see Figure 2, Table 1). Of particular note are the following RC drill results;19m @ 0.65 grams per tonne ("g/t") from surface and 10m @ 1.40 g/t gold in RC674 27m @ 0.54 g/t gold from surface in RC675 35m @ 0.50 g/t gold from surface in RC68039m @ 0.70 g/t gold from surface in RC681 36m @ 1.07 g/t gold from surface in RC687 25m @ 4.35 g/t gold from surface in RC690 25m @ 1.00 g/t gold from surface in RC69125m @ 0.86 g/t gold from surface in RC69213m @ 1.37 g/t gold from surface in RC69425m @ 0.63 g/t gold from surface in RC69725m @ 0.65 g/t gold from surface in RC69821m @ 1.60 g/t gold from surface in RC69917m @ 0.62 g/t gold from surface in RC70017m @ 0.65 g/t gold from surface in RC702All of the holes reported herein were also drilled within the Year 1 pit (Figure 2, Table 1). Figure 3 illustrates a typical cross-section of the drilling results in the Year 1 pit and the remaining oxide zone below. These results are in line with the existing MG mine plan and confirm the pre-existing drill hole results and validate the geological model demonstrating the presence of significant near surface resources with good grade material amenable to heap leach.Figure 2: Map showing the location of RC infill drillholes at the MG gold deposit aimed at further defining the gold-in-oxide reserves that will form the basis of the starter pit for the Phase 1 gold-in-oxide operation. The Year 1 pit outline is shown together will drill holes reported in this press release as well as other recently completed RC infill drill holes.
Terms: g/t = grams / tonne, m = metres, Au = gold. True widths may be up to 50% of actual drill interceptsTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/298847_3b51ba53e4f7eadc_003full.jpgFigure 3. Section 553187E showing the location of RC infill drillholes RC688 to RC692 at the MG gold deposit.
Terms: g/t = grams / tonne, m = metres, Au = gold. True widths may be up to 50% of actual drill interceptsTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/298847_3b51ba53e4f7eadc_004full.jpgDrill Hole #Weathering
FromToThicknessGrade


(m)(m)(m)g/t goldRC674Blanket/
0.019.019.00.53
SaproliteIncl.10.011.01.01.08


25.035.010.01.40

Incl.27.028.01.06.36

and30.033.03.01.68


37.040.03.01.03


41.050.09.00.56

EOH 50.0



RC675Blanket /
0.027.027.00.54
SaproliteIncl.20.025.05.00.96

EOH 46.0



RC676Blanket/
0.013.013.00.57
SaproliteIncl.11.013.02.01.56


14.036.022.00.40

Incl.14.015.01.02.14

EOH 50.0



RC677Blanket /
0.012.012.00.23
Saprolite
34.035.01.00.52

EOH 35.0



RC678Blanket/
0.018.018.00.30
SaproliteIncl.3.05.02.00.66

EOH 35.0



RC679Blanket/
0.029.029.00.40

Incl.11.013.02.01.25

EOH 50.0



RC680Blanket /
0.035.035.00.50
SaproliteIncl.12.017.05.01.21


30.031.01.01.34


33.034.01.00.86

EOH 35.0



RC681Blanket
0.039.039.00.70
SaproliteIncl.0.01.01.04.39

and13.023.010.01.12


43.050.07.00.80

Incl.43.046.03.01.51

EOH 50.0



RC682Blanket / Sap.
0.034.034.00.40

EOH 50.0



RC683Blanket /
0.017.017.00.34
Saprolite
18.039.021.00.25

Incl.21.022.01.01.29

EOH 47.0



RC684Blanket /
0.015.015.00.18

EOH 35.0



RC685Blanket
0.022.022.00.49

Incl.14.019.05.01.06

EOH 35.0



RC686Blanket /
0.035.035.00.36
SaproliteIncl.14.015.01.01.72

and21.022.01.01.03

EOH 35.0



RC687Blanket /
0.036.036.01.07
SaproliteIncl.30.031.01.026.10

EOH 50.0



RC688Blanket /
0.010.010.00.58
SaproliteIncl.5.07.02.01.01


17.025.08.01.20

Incl.18.022.04.01.98

EOH 25.0



RC689Blanket /
0.015.015.03.71
SaproliteIncl.5.09.04.09.21

EOH 25.0



RC690Blanket /
0.025.025.04.35
SaproliteIncl.7.08.01.024.22

and10.011.01.05.09

and17.018.01.040.30

EOH 25.0



RC691Blanket /
0.025.025.01.00
SaproliteIncl.4.010.06.01.65

and15.016.01.02.31

EOH 25.0



RC692Blanket /
0.025.025.00.86
SaproliteIncl.10.012.02.03.70

and19.020.01.02.22

EOH 25.0



RC693Blanket
0.011.011.00.77

Incl.5.07.02.02.08
Saprolite
13.023.010.00.42

EOH 25.0



RC694Blanket
0.013.013.01.37

Incl.12.013.01.06.69
Saprolite
21.025.04.01.36

EOH 25.0



RC695Blanket /
0.015.015.00.44
Saprolite
18.025.07.00.62

Incl.18.020.02.01.09

EOH 50.0



RC696Blanket
0.010.010.00.46
Saprolite
14.015.01.01.38


16.019.03.02.53

Incl.17.018.01.06.43


21.025.04.00.35

EOH 25.0



RC697Blanket /
0.025.025.00.63
SaproliteIncl.5.07.02.03.51

EOH 25.0



RC698Blanket /
0.025.025.00.65
SaproliteIncl.6.07.01.02.28

EOH 25.0



RC699Blanket
0.021.021.01.60
SaproliteIncl.3.05.02.01.89

and11.017.06.03.62

and14.015.01.011.97

EOH 25.0



RC700Blanket
0.017.017.00.62


7.08.01.02.24

EOH 25.0



RC701Blanket
0.013.013.00.58
Saprolite
7.09.02.01.49

EOH 25.0



RC702Blanket /
0.017.017.00.65
SaproliteIncl.0.05.05.01.09

and10.013.03.00.95

EOH 25.0



RC703Blanket /
0.011.011.00.92
SaproliteIncl2.04.02.02.74

EOH 25.0



RC704Blanket /
0.025.025.00.40
SaproliteIncl.0.01.01.01.04

And15.016.01.01.02

EOH 25.0



RC705Blanket /
0.012.012.00.36
Saprolite
17.024.07.00.31

EOH 25.0



 Table 1: Drill results from RC drill holes (RC674 to RC705) at the MG gold deposit. All RC holes were drilled at a dip of 60 degrees on a bearing of 180 degrees. Terms: g/t = grams / tonne, m = metres, Au = gold, EOH = end of hole. True widths may be up to 50% of actual drill intercepts Update on Exploration Drilling ProgramIn addition to the RC infill drilling program at MG, the bulk of the Company's drilling efforts (comprising 2 RC rigs and 4 diamond drill rigs) are currently directed towards exploration drilling of the underlying hard rock deposits at Cuiú Cuiú, particularly the Jerimum Cima discovery where recent drilling returned 9.5m @ 87.4 g/t gold (see press release dated March 12, 2026). About Cabral Gold Inc.The Company is a junior resource Company engaged in the exploration, development and near-term production from gold properties located in Brazil. The Company has a 100% interest in the Cuiú Cuiú gold district located in the Tapajós Region, within the state of Pará in northern Brazil. Three main gold deposits have so far been defined at the Cuiú Cuiú project which contain National Instrument ("NI") 43-101 compliant Indicated resources of 12.29Mt @ 1.14 g/t gold (450,200oz) in fresh basement material and 13.56Mt @ 0.50 g/t gold (216,182oz) in oxide material. The project also contains Inferred resources of 13.63Mt @ 1.04 g/t gold (455,100oz) in fresh basement material and 6.4Mt @ 0.34 g/t gold (70,569oz) in oxide material. The resource estimate for the primary material is based on the NI 43-101 technical report dated October 12, 2022. The resource estimate for the oxide material at PDM and MG is based on a NI 43-101 technical report dated October 21, 2024. The resource estimate for the oxide material at Central and Machichie is based on a NI43-101 technical report ("Updated PFS") dated July 29, 2025. The Company is currently engaged in the construction of a Phase 1 gold-in-oxide heap leach operation based on the NI43-101 technical report PFS and expects to enter commercial gold production in Q4 2026.The Tapajós Gold Province is the site of the largest gold rush in Brazil's history which according to the ANM (Agência Nacional de Mineração or National Mining Agency of Brazil) produced an estimated 30 to 50 million ounces of placer gold between 1978 and 1995. Cuiú Cuiú was the largest area of placer workings in the Tapajós and produced an estimated 2Moz of placer gold historically.FOR FURTHER INFORMATION PLEASE CONTACT:"Alan Carter"President and Chief Executive Officer
Cabral Gold Inc.Tel: 604.676.5660Quality Assurance / Quality ControlCabral maintains a Quality Assurance / Quality Control ("QAQC") program for all its exploration projects using industry best practices. Key elements of the QAQC program include verifiable chain of custody for samples, regular insertion of certified reference materials, blanks, and duplicates, as well as check assays on results. RC samples are split, collected in plastic sample bags, and sealed on drill hole location. Drill core is halved by saw cut or slicer (in soft saprolite). RC and core samples are shipped in sealed bags by independent contractor to SGS GEOSOL Laboratorios in Vespasiano, Brazil, an independent analytical services provider with global certifications for Quality Management Systems (ISO 9001:2015 and ISO 14001:2015 (ABS Certificates 32982 and 39911) and ISO/IEC 17025:2017 accreditation (CRL-0386)). Gold analyses are routinely performed via 50g fire assay with secondary assay techniques applied on higher grade samples. Final assay results are validated by Cabral Geological Staff prior to insertion into the database. Additional information regarding the Company's data verification processes is set out in the CBR, 43-101, PFS Technical Report, July 2025, which can be found on the Company's website.Qualified Person and Technical InformationTechnical information included in this release was supervised and approved by Brian Arkell, B.S. Geology and M.S. Economic Geology, SME (Registered Member), AusIMM (Fellow) and SEG (Fellow), Cabral Gold's Vice President, Exploration and Technical Services, and a Qualified Person under NI 43-101.Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-looking StatementsThis news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"). The use of the words "will", "expected" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298847 Original: Cabral Gold Announces Additional Results of Infill Drilling at the MG Gold deposit, Cuiú Cuiú Gold District, Brazil

Cabral Gold Drills 10.2m @ 8.7 g/t Gold Including 1.3m @ 62.5 g/t Gold at Jerimum Cima Target, Cuiú Cuiú Gold District, BrazilMay 13, 2026 6:29 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 13, 2026) - Cabral Gold Inc. (TSXV: CBR) (OTCQX: CBGZF) ("Cabral" or the "Company") is pleased to announce results from 2 additional diamond drill holes at the Jerimum Cima target and 4 diamond drill holes at the MG gold deposit within the Cuiú Cuiú Gold District, Brazil.HighlightsRecent drilling at the Jerimum Cima target, located 3km ENE of the Central gold deposit and 3.5km NW of the MG gold deposit at Cuiú Cuiú, returned 10.2m @ 8.7 g/t gold from 99.5m depth including 1.3m @ 62.5 g/t gold from 108.4m depth in hole DDH378The zone intersected in DDH378 is interpreted to be the same zone intersected by previous drill holes which include DDH372 and recently returned 9.5m @ 87.4 g/t gold including 2.9m @ 285.5 g/t gold as well as other holes which returned 45.6m @ 4.5 g/t gold including 1.5m @ 117.26 g/t gold, and 82.6m @ 0.98 g/t including 9.5m @ 5.74 g/t gold These recent drill results suggest the presence of an E-W trending high-grade zone extending for at least 455 metres which appears to form the core of a larger mineralized system at Jerimum CimaIn addition, drilling at the MG gold deposit returned 10.3m @ 1.45 g/t gold from 152.2m depth in hole DDH361. DDH358 also returned 7.2m @ 1.12 g/t gold from 270.4m depth and 8.7m @ 1.11 g/t gold from 302.0m depth Alan Carter, Cabral's President and CEO commented, "The Jerimum Cima target is located 3km ENE of the Central gold deposit and 3.5km NW of the MG gold deposit, and is not currently part of the existing resource base at Cuiú Cuiú. Ongoing drilling continues to suggest that we have an important discovery on our hands at Jerimum Cima. DDH378 returned 10.2m @ 8.7 g/t gold from 99.5m depth including 1.3m @ 62.5 g/t gold. This hole was drilled 205m east of DDH372 which recently returned 9.5m @ 87.4 g/t gold including 2.9m @ 285.5 g/t gold. We believe this to be the same high-grade mineralized zone which has now been traced for 455m along strike and remains open to the east. The broader E-W trending mineralized zone however is significantly larger and is up to 200m wide and extends at least E-W for 750m along strike. We look forward to additional results in the near term as our drill program ramps up." Jerimum Cima Drill Results The Jerimum Cima target is located 3 kilometres ("km") ENE of the Central gold deposit and 3.5km NW of the MG gold deposit (Figure 1). The target is characterized by a very strong gold-in-soil anomaly of +100 parts per billion ("ppb") gold covering an area of 900 meters ("m") x 1000m and is comparable with the gold-in-soil anomalies above the MG and Central gold deposits, and the PDM and Machichie Main gold discoveries. As with the MG gold deposit and the Machichie Main gold discovery, gold mineralization at Jerimum Cima is centered on a major east-west trending fault zone, which forms a splay off the regional scale Tocantinzinho fault system.Figure 1: Map showing location of known gold deposits at Central, MG and JB. The location of new discoveries at PDM, Machichie NE and Machichie Main as well as the Jerimum Cima discovery are also shown. To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/297295_14bf035e34c048cc_002full.jpgPrevious drilling at Jerimum Cima returned 9.5m @ 87.4 g/t gold from 173.8m depth including 2.9m @ 285.5 g/t gold (see press release dated March 12, 2026), 45.6m @ 4.5 g/t gold including 1.5m @ 117.26 g/t gold in primary intrusive rock material as well as 49m @ 2.0 g/t gold including 1m @ 57.0 g/t gold (see press release dated May 21, 2025) and 82.6m @ 1.0 g/t including 9.5m @ 5.74 g/t gold (see press release dated January 26, 2026). In addition, a number of surface trenches returned gold intercepts of very good grade in gold-in-oxide material, and include 14m @ 1.6 g/t gold, 20m @ 1.2 g/t gold, 10m @ 1.3 g/t gold, and 24m @ 0.7 g/t gold and 18m @ 1.9 g/t gold (see press release dated November 14, 2024).DDH378 was drilled on section 551266E with an azimuth of 0 degrees and at an angle of 55 degrees within the central eastern part of the Jerimum Cima target and was designed to test the eastern extension of the high-grade mineralization intersected in previous holes. The hole returned 10.2m @ 8.7 g/t gold from 99.5m depth including 1.3m @ 62.5 g/t gold from 108.4m depth (Figures 2 and 3, Table 1) The zone intersected in DDH378 is very likely the same zone intersected by previous drill holes to the west. Drillhole DDH359 was drilled 125m west of DDH378 and previously returned 82.6m @ 0.98 g/t including 9.5m @ 5.74 g/t gold. Drillhole DDH372 was drilled 205m to the west and cut 9.5m @ 87.4 gold from 173.8m depth including 2.9m @ 285.5 g/t gold (see press release dated March 12, 2026). Drillhole CC26 was drilled 235m west of DDH378 and previously returned 45.6m @ 4.5 g/t gold including 1.5m @ 117.26 g/t gold. Drillhole RC561 was drilled 455m west of DDH378 and previously returned 49m @ 2.0 g/t gold including 1m @ 57.0 g/t gold (Figure 2). These holes together suggest the presence of a high-grade zone extending at least 455m along strike which may form the core of the mineralized system at Jerimum Cima. The high-grade zone remains open along strike to the east and at depth.In addition, DDH379 reported herein was drilled on the extreme western limit of the Jerimum Cima target and despite cutting over 200m of highly silicified hydrothermal breccia, the hole failed to cut any significant gold values, apart from 0.7m @ 4.05 g/t gold. This silicified structure extends at least 3km to the NNW and forms the western limit to the mineralized zone at Jerimum Cima. There is evidence of historic placer workings immediately west of this structure suggesting that parts of it may be mineralized.The high gold grades returned from DDH378 and other holes at Jerimum Cima, notably DDH372 which returned 9.5m @ 87.4 gold from 173.8m depth including 2.9m @ 285.5 g/t gold (see press release dated March 12, 2026), suggest the presence of a central zone of high-grade material which appears to be surrounded by lower grade stockwork mineralization. The high-grade zone appears to extend at least 455m along strike and is open to the east and at depth, and occurs within a broader mineralized envelope that is up to 200m wide and extends along strike at least 750m in an E-W sense. Additional drilling is in progress.Figure 2: Map showing the location of drill holes at the Jerimum Cima target. The location of diamond drill holes DDH378 and DDH379 reported herein are also shown together with previous significant drill and trench results including DDH372 which cut 9.5m @ 87.4 gold, CC26 which cut 45.6m @ 4.5 g/t gold and DDH359 which returned 82.6m @ 1.0 g/t including 9.5m @ 5.7 g/t gold g/t gold. Note that three parallel mineralized zones in the underlying intrusive rocks have now been identified at Jerimum Cima extending over at least 750m E-W. The limit to the oxide banket as currently known is also shown. Terms: g/t = grams / tonne, m = metres, Au = gold. True widths may be 50% of actual drill interceptsTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/297295_14bf035e34c048cc_003full.jpgFigure 3: Cross section showing section 551266E at the Jerimum Cima discovery showing results from DDH378 which returned 10.2m @ 8.7g/t gold including 1.3m @ 62.5 g/t gold. DDH378 was drilled at a dip of 55 degrees on a bearing of 0 degrees. True widths may be 50% of actual drill intercepts. Terms: g/t = grams / tonne, m = metres, Au = goldTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/297295_14bf035e34c048cc_004full.jpgDrill Hole #Weathering
FromTo ThicknessGrade


(m)(m)(m)g/t goldDDH378Blanket
0.022.022.00.15
Saprolite
74.575.20.71.17


98.999.50.60.29
Intrusive rock
99.5109.710.28.68

incl.103.4104.00.515.12

and108.4109.71.362.53


120.9128.57.60.70

EOH 263.8138.0159.9021.90.17DDH379Saprolite
39.540.51.00.15
Intrusive rock
194.0196.02.00.14


222.9223.70.80.14


261.2261.90.74.05


296.2296.80.601.11

EOH 308.0



 Table 1: Drill results from diamond drill holes DDH378 and DDH379, at the Jerimum Cima discovery. DDH378 was drilled at a dip of 55 degrees on a bearing of 0 degrees. DDH379 was drilled at a dip of 60 degrees on a bearing of 0 degrees. Terms: g/t = grams / tonne, m = metres, Au = gold, EOH = end of hole. True widths may be 50% of actual drill intercepts MG Drill Results The MG gold deposit is one of the two main gold deposits that currently comprise the Indicated and Inferred resource base at Cuiú Cuiú (see Figure 1). The upper portion of the gold deposit is extensively weathered resulting in a vertical profile of highly weathered basement saprolite extending to 60m depth. This saprolite together with the overlying blanket sediments and soils, which are also mineralized, will form the starter pit for the Phase 1 gold-in-oxide mining operation which is due to commence production in Q4 2026. Recent infill drilling has continued to confirm the presence of good gold grades over significant widths within weathered saprolite material and the overlying blanket sediments at or near surface (see press releases dated May 7, 2026 and April 7, 2026). Current Indicated and Inferred resources within the gold-in-oxide material at MG amount to 8.86 million tonnes ("Mt") @ 0.48 g/t Indicated (135,900 ounces ("oz") and 3.14 Mt @ 0.22 g/t Inferred (22,500oz).However, the bulk of the gold resources at MG are contained within the underlying primary basement material (hard rock) and amount to open pit resources of 4.79 Mt @ 1.50 g/t gold Indicated (230,300oz) and 0.33 Mt @ 0.57 g/t gold Inferred (5,900oz) and underground Inferred resources of 0.99 Mt @patfes report dated effective July 31, 2022).Four additional diamond drill holes (DDH358, DDH361, DDH364 and DDH380) were completed at MG in order to address gaps in the 2022 resource model. All four holes cut the mineralized zone with DDH358 returning 7.2m @ 1.12 g/t gold from 270.4m depth and 8.7m @ 1.11 g/t gold from 302.0m depth. DDH361 also returned 10.3m @ 1.45 g/t gold from 152.2m depth including 1.0m @ 7.20 g/t gold from 152.2m depth and 0.7m @ 8.20 g/t gold from 157.0m depth. DDH380 returned 19.0m @ 0.52 g/t gold from 233.7m depth and 15.8m @ 0.50 g/t gold from 276.2m depth (See Figure 4, Table 2).Figure 4: Map of the Moreira Gomes (MG) gold deposit and the Machichie Main and Machichie NE discoveries. Note the location of holes DDH358, DDH361, DDH364 and DDH380. All of the holes were drilled at a dip of 50 degrees on a bearing of 180 degrees except for hole DDH380 which was drilled at a dip of 60 degrees and a bearing of 180 degrees.True widths may be 50% of actual drill intercepts. Terms: g/t = grams / tonne, m = metres, Au = goldTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/297295_14bf035e34c048cc_005full.jpgDrill Hole #Weathering
FromTo ThicknessGrade


(m)(m)(m)g/t goldDDH358Intrusive rock
174.0174.60.61.07


177.0177.50.51.40


270.4277.67.21.12


302.0310.78.71.11


308.7310.72.03.28

EOH 371.3



DDH361Blanket
53.754.91.21.26
Intrusive rock
152.2162.510.31.45

incl.152.2153.21.07.20

and157.0157.70.78.20

EOH 308.0



DDH364Blanket
0.0030.0030.000.26
Intrusive rock
75.077.72.70.67

EOH 159.2



DDH380Saprolite
10.015.05.00.72
Intrusive rock
233.7252.018.00.52

incl.249.1250.71.61.43


256.6265.99.300.28


276.2292.015.80.50

incl.284.6285.61.02.30

EOH 308.0



 Table 2: Drill results from diamond drill holes DDH358, DDH361, DDH364 and DDH380 at the MG gold deposit. All of the holes were drilled at a dip of 50 degrees on a bearing of 180 degrees except for hole DDH380 which was drilled at a dip of 60 degrees and a bearing of 180 degrees. Terms: g/t = grams / tonne, m = metres, Au = gold, EOH = end of hole. True widths may be 50% of actual drill intercepts Drilling is ongoing at the Jerimum Cima target with 2 diamond drill rigs and 1 RC rig with the objective of generating initial resources for the gold-in-oxide blanket and the underlying primary mineralized zones. Diamond drilling is also ongoing at Mutum and Central and further drilling is planned at Machichie Main and Machichie NE with the objective of updating the global resource base later this year. The infill RC drilling program at the MG gold-in-oxide deposit is continuing and aimed at upgrading the current Probable reserve base.About Cabral Gold Inc.The Company is a junior resource Company engaged in the exploration, development and near-term production from gold properties located in Brazil. The Company has a 100% interest in the Cuiú Cuiú gold district located in the Tapajós Region, within the state of Pará in northern Brazil. Three main gold deposits have so far been defined at the Cuiú Cuiú project which contain National Instrument ("NI") 43-101 compliant Indicated resources of 12.29Mt @ 1.14 g/t gold (450,200oz) in fresh basement material and 13.56Mt @ 0.50 g/t gold (216,182oz) in oxide material. The project also contains Inferred resources of 13.63Mt @ 1.04 g/t gold (455,100oz) in fresh basement material and 6.4Mt @ 0.34 g/t gold (70,569oz) in oxide material. The resource estimate for the primary material is based on the NI 43-101 technical report dated October 12, 2022. The resource estimate for the oxide material at PDM and MG is based on a NI 43-101 technical report dated October 21, 2024. The resource estimate for the oxide material at Central and Machichie is based on a NI43-101 technical report ("Updated PFS") dated July 29, 2025. The Company is currently engaged in the construction of a Phase 1 gold-in-oxide heap leach operation based on the NI43-101 technical report PFS and expects to enter commercial gold production in Q4 2026.The Tapajós Gold Province is the site of the largest gold rush in Brazil's history which according to the ANM (Agência Nacional de Mineração or National Mining Agency of Brazil) produced an estimated 30 to 50 million ounces of placer gold between 1978 and 1995. Cuiú Cuiú was the largest area of placer workings in the Tapajós and produced an estimated 2Moz of placer gold historically.FOR FURTHER INFORMATION PLEASE CONTACT:"Alan Carter"President and Chief Executive OfficerCabral Gold Inc.Tel: 604.676.5660Quality Assurance / Quality ControlCabral maintains a Quality Assurance / Quality Control ("QAQC") program for all its exploration projects using industry best practices. Key elements of the QAQC program include verifiable chain of custody for samples, regular insertion of certified reference materials, blanks, and duplicates, as well as check assays on results. RC samples are split, collected in plastic sample bags, and sealed on drill hole location. Drill core is halved by saw cut or slicer (in soft saprolite). RC and core samples are shipped in sealed bags by independent contractor to SGS GEOSOL Laboratorios in Vespasiano, Brazil, an independent analytical services provider with global certifications for Quality Management Systems (ISO 9001:2015 and ISO 14001:2015 (ABS Certificates 32982 and 39911) and ISO/IEC 17025:2017 accreditation (CRL-0386)). Gold analyses are routinely performed via 50g fire assay with secondary assay techniques applied on higher grade samples. Final assay results are validated by Cabral Geological Staff prior to insertion into the database. Additional information regarding the Company's data verification processes is set out in the CBR, 43-101, PFS Technical Report, July 2025, which can be found on the Company's website.Qualified Person and Technical InformationTechnical information included in this release was supervised and approved by Brian Arkell, B.S. Geology and M.S. Economic Geology, SME (Registered Member), AusIMM (Fellow) and SEG (Fellow), Cabral Gold's Vice President, Exploration and Technical Services, and a Qualified Person under NI 43-101.Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-looking StatementsThis news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"). The use of the words "will", "expected" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/297295 Original: Cabral Gold Drills 10.2m @ 8.7 g/t Gold Including 1.3m @ 62.5 g/t Gold at Jerimum Cima Target, Cuiú Cuiú Gold District, Brazil

Cabral Gold Announces Additional Results of Infill Drilling at the MG Gold Deposit, Cuiú Cuiú Gold District, Brazil. Doubles Number of Drill Rigs on Site to SixMay 7, 2026 6:31 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 7, 2026) - Cabral Gold Inc. (TSXV: CBR) (OTCQX: CBGZF) ("Cabral" or the "Company") is pleased to announce results from 30 additional shallow reverse circulation ("RC") holes drilled targeting gold-in-oxide material at the MG starter pit within the Cuiú Cuiú Gold District, Brazil.HighlightsResults have been received on an additional 30 infill RC holes targeting the gold-in-oxide material in the eastern and central parts of the MG starter pit. The program of infill drilling is aimed at improving the confidence around the current mine plan at MG and upgrading the current reserve. A total of 133 infill RC holes totalling 4,800m from a planned total of 155, have been completed at MG to dateNotable results from this batch of RC drill results from MG include;48m @ 0.65 g/t gold from surface in RC64723m @ 1.43 g/t gold from surface in RC65024m @ 0.65 g/t gold from surface in RC65129m @ 0.90 g/t gold from surface in RC65230m @ 1.45 g/t gold from surface in RC65319m @ 1.80 g/t gold from surface in RC65740m @ 0.70 g/t gold from 3m depth in RC66231m @ 0.62 g/t gold from surface in RC66546m @ 1.25 g/t gold from surface in RC67121m @ 0.65 g/t gold from surface in RC67221m @ 0.66 g/t gold from surface in RC673The Company announces that it is in the process of doubling its exploration drilling effort and adding three additional drill rigs on site bringing the total rig count to 6 (2 RC rigs and 4 diamond drill rigs) Alan Carter, Cabral's President and CEO commented, "These infill drill results at MG confirm the presence of good gold grades over significant widths within weathered saprolite material and the overlying blanket sediments at or near surface. As we advance with the construction of our Phase 1 gold-in-oxide heap leach operation, which is now 70% complete, these data will allow us to further refine our mine plan for the starter pit and update the reserve base for the MG gold-in-oxide deposit. This in turn will provide us with greater confidence during the initial year of mining at MG. We are also very pleased to announce the decision to add one RC rig and two diamond rigs at Cuiu Cuiu bringing the total number of rigs on site to 6. The bulk of this drilling will be directed to exploration and expansion of the global resource inventory."MG RC Infill Drill Results The MG gold deposit is one of the two main gold deposits that currently comprise the Indicated and Inferred resource base at Cuiú Cuiú (see Figure 1). As with the nearby Central gold deposit, the upper portion of the subvertical MG gold deposit is extensively weathered resulting in a vertical profile of highly weathered basement saprolite extending to 60m depth. This saprolite together with the overlying blanket sediments and soils, which are also mineralized, will form the starter pit for the Phase 1 gold-in-oxide mining operation which is due to commence production in Q4 2026. Figure 1: Map showing location of known gold deposits at MG, Central, and JB. The location of new discoveries at PDM, Machichie NE and Machichie Main and Jerimum Cima discovery are also shown.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/296427_7feec89544da2b1a_002full.jpgThe objective of the ongoing RC infill drill program at MG is to provide greater confidence on the grade and continuity of the current reserve base at MG ahead of mining and to further refine the mine plan that was developed as part of the PFS study release in July 2025 (see press release dated July 29, 2026). Results have been received on an additional 30 infill RC holes targeting the gold-in-oxide material in the eastern and central parts of the MG starter pit. These follow the receipt of results from an initial 24 infill RC holes at MG reported on April 7, 2026. The program of infill drilling is aimed at improving the confidence around the Year 1 mine plan at MG and upgrading the current reserve by the end of this month. A total of 68 RC holes totalling 3,174m have been completed to date on a 25 x 25m spacing. Infill drilling in areas of higher grade is ongoing on a 12.5 x 12.5m spacing bringing the total infill drilling to date at 133 RC holes and 4800m. A total of 155 infill holes are planned at MG. The RC drill results reported to date confirm the presence of good grades within the weathered saprolite and overlying sedimentary blanket and the Year 1 pit outline (see Figure 2, Table 1). Of particular note are the following RC drill results;48m @ 0.65 g/t gold from surface in RC647 23m @ 1.43 g/t gold from surface in RC650 24m @ 0.65 g/t gold from surface in RC65129m @ 0.90 g/t gold from surface in RC652 30m @ 1.45 g/t gold from surface in RC653 19m @ 1.80 g/t gold from surface in RC657 40m @ 0.70 g/t gold from 3m depth in RC66231m @ 0.62 g/t gold from surface in RC66546m @ 1.25 g/t gold from surface in RC67121m @ 0.65 g/t gold from surface in RC67221m @ 0.66 g/t gold from surface in RC673All of the other holes reported here were also drilled within the Year 1 pit (Figure 2). Figure 3 illustrates a typical cross-section of the drilling results in the Year 1 pit and the remaining oxide zone below. These results are in line with the existing MG mine plan and confirm the pre-existing drill holes and the presence of significant near surface resources with good grade material amenable to heap leach.Figure 2: Map showing the location of RC infill drillholes at the MG gold deposit aimed at further defining the gold-in-oxide reserves that will form the basis of the starter pit for the Phase 1 gold-in-oxide operation. The Year 1 pit outline is shown together will drill holes reported in this press release as well as other recently completed RC infill drill holes.
Terms: g/t = grams / tonne, m = metres, Au = gold. True widths may be up to 50% of actual drill interceptsTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/296427_cabralimg2.jpgFigure 3. Section 553375E showing the location of RC infill drillholes RC643 and RC651 to RC654 at the MG gold deposit.
Terms: g/t = grams / tonne, m = metres, Au = gold. True widths may be 50% of actual drill interceptsTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/296427_7feec89544da2b1a_004full.jpgDrill Hole #Weathering
FromToThicknessGrade


(m)(m)(m)g/t goldRC642Blanket/
0.021.021.00.47
Saprolite














47.050.03.00.72








EOH 50.0



RC645Blanket /
0.049.049.00.49
SaproliteIncl.6.010.04.01.39

and37.039.02.01.13

EOH 50.0



RC646Blanket/
0.013.013.00.58
SaproliteIncl.8.010.02.01.71


19.020.01.00.30

EOH 40.0



RC647Blanket /
0.048.048.00.65
SaproliteIncl.7.09.02.03.82








Incl.29.032.03.02.00








EOH 50.0



RC648Blanket/
0.012.012.00.68
SaproliteIncl.8.08.01.02.12

EOH 25.0



RC649Blanket/
0.012.012.00.33

EOH 25.0



RC650Blanket /
0.023.023.01.43
SaproliteIncl.4.014.010.02.63


31.039.08.00.30


42.043.01.00.42


45.046.01.01.83

EOH 50.0



RC651Blanket
0.024.024.00.65
SaproliteIncl.18.019.01.04.25


27.028.01.01.70


42.049.07.00.30

EOH 50.0



RC652Blanket /
0.029.029.00.90
SaproliteIncl.9.011.02.02.23

and21.024.03.03.20


36.049.013.00.49

Incl.38.039.01.02.38

EOH 50.0



RC653Blanket /
0.030.030.01.45
SaproliteIncl.7.017.010.03.14


37.042.05.00.56

EOH 50.0



RC654Blanket /
0.011.011.00.33
Saprolite
16.018.02.00.16


26.027.01.00.23

EOH 50.0



RC655Blanket
0.011.011.00.32


37.039.02.00.49

EOH 50.0



RC656Blanket /
0.011.011.00.53
SaproliteIncl.7.08.01.01.22


37.044.07.00.54

EOH 50.0



RC657Blanket /
0.019.019.01.80
SaproliteIncl.5.06.01.011.76

and7.08.01.015.70

EOH 50.0



RC658Blanket /
0.019.019.00.60
SaproliteIncl.8.010.02.02.88


31.037.06.00.33

EOH 50.0



RC659Blanket
0.08.08.00.77
BlanketIncl.5.07.02.01.51
Saprolite
15.024.09.00.26


31.038.07.00.19

EOH 50.0



RC660Blanket /
0.010.010.00.41
SaproliteIncl.7.09.02.00.88

EOH 50.0



RC661Blanket /
0.012.012.00.40
SaproliteIncl.8.012.04.00.55


27.029.02.00.90

EOH 50.0



RC662Blanket /
3.043.040.00.70
SaproliteIncl.4.05.01.04.42

and.16.017.01.02.45

and.34.036.02.03.80


39.043.04.00.40

EOH 50.0



RC663Blanket
0.017.017.00.56

Incl.10.012.02.01.32
Saprolite
40.042.02.00.40


46.050.04.01.24

Incl.49.050.01.02.70

EOH 50.0



RC664Blanket
0.015.015.00.56

Incl.10.011.01.02.15
Saprolite
34.039.05.00.61

EOH 50.0



RC665Blanket /
0.031.031.00.62
SaproliteIncl.8.013.05.01.17

and27.029.02.03.12


33.035.02.00.19

EOH 50.0



RC666Blanket
0.018.018.00.31
Saprolite
33.034.01.00.44


42.044.02.00.20

EOH 50.0



RC667Blanket
0.01.01.00.35
Saprolite
2.014.012.00.26

EOH 30.0



RC668Blanket
0.015.015.00.23

EOH 30.0



RC669Blanket
0.01.01.00.23
Saprolite
2.022.020.00.24

EOH 40.0



RC670Blanket /
0.028.028.00.46
SaproliteIncl.10.012.02.01.41


31.032.01.00.40


42.044.02.00.19


48.050.02.00.19

EOH 50.0



RC671Blanket /
0.046.046.01.25
SaproliteIncl10.012.02.01.54

And24.043.019.02.23

Incl.24.030.06.03.44

EOH 50.0



RC672Blanket /
0.021.021.00.65
SaproliteIncl.8.021.013.00.76

And17.019.02.01.67


28.040.012.00.27

EOH 50.0



RC673Blanket /
0.021.021.00.66
SaproliteIncl.5.06.01.01.08

and10.011.01.01.54

and15.017.02.02.00


35.048.013.00.37

EOH 50.0



 Table 1: Drill results from RC drill holes (RC642 and RC645 to RC673) at the MG gold deposit. All RC holes were drilled at a dip of 60 degrees on a bearing of 180 degrees. Terms: g/t = grams / tonne, m = metres, Au = gold, EOH = end of hole. True widths may be up to 50% of actual drill intercepts Update on Exploration Drilling ProgramIn addition to the RC infill drilling program at MG, which is expected to be complete by the second week of May, the bulk of the Company's drilling efforts are directed towards exploration drilling of the underlying hard rock deposits at Cuiú Cuiú. Following the recent closing of the C$20M bought deal financing announced on 25th March 2026, the Company has elected to expand its exploration drilling effort and has purchased an additional RC drill rig and also signed a contract to add two additional diamond drill rigs. This will bring the total rig count on site to 6 (2 RC rigs and 4 diamond drill rigs). Five of the 6 rigs are now on site and the outstanding diamond drill rig is expected on site by late May. Drilling is ongoing at the Jerimum Cima target where exploration drilling recently returned 9.5m @ 87.4 g/t gold (see press release dated March 12, 2026) and with the arrival of the additional drill rigs, this effort will be expanded with the objective of generating maiden resources for the gold-in-oxide blanket and the underlying primary mineralized zone. Drilling is also ongoing at Mutum and Central and further drilling is planned at Machichie Main and Machichie NE with the objective of updating the global resource base later this year.About Cabral Gold Inc.The Company is a junior resource Company engaged in the exploration, development and near-term production from gold properties located in Brazil. The Company has a 100% interest in the Cuiú Cuiú gold district located in the Tapajós Region, within the state of Pará in northern Brazil. Three main gold deposits have so far been defined at the Cuiú Cuiú project which contain National Instrument ("NI") 43-101 compliant Indicated resources of 12.29Mt @ 1.14 g/t gold (450,200oz) in fresh basement material and 13.56Mt @ 0.50 g/t gold (216,182oz) in oxide material. The project also contains Inferred resources of 13.63Mt @ 1.04 g/t gold (455,100oz) in fresh basement material and 6.4Mt @ 0.34 g/t gold (70,569oz) in oxide material. The resource estimate for the primary material is based on the NI 43-101 technical report dated October 12, 2022. The resource estimate for the oxide material at PDM and MG is based on a NI 43-101 technical report dated October 21, 2024. The resource estimate for the oxide material at Central and Machichie is based on a NI43-101 technical report ("Updated PFS") dated July 29, 2025. The Company is currently engaged in the construction of a Phase 1 gold-in-oxide heap leach operation based on the NI43-101 technical report PFS and expects to enter commercial gold production in Q4 2026.The Tapajós Gold Province is the site of the largest gold rush in Brazil's history which according to the ANM (Agência Nacional de Mineração or National Mining Agency of Brazil) produced an estimated 30 to 50 million ounces of placer gold between 1978 and 1995. Cuiú Cuiú was the largest area of placer workings in the Tapajós and produced an estimated 2Moz of placer gold historically.FOR FURTHER INFORMATION PLEASE CONTACT:"Alan Carter"President and Chief Executive Officer
Cabral Gold Inc.Tel: 604.676.5660Quality Assurance / Quality ControlCabral maintains a Quality Assurance / Quality Control ("QAQC") program for all its exploration projects using industry best practices. Key elements of the QAQC program include verifiable chain of custody for samples, regular insertion of certified reference materials, blanks, and duplicates, as well as check assays on results. RC samples are split, collected in plastic sample bags, and sealed on drill hole location. Drill core is halved by saw cut or slicer (in soft saprolite). RC and core samples are shipped in sealed bags by independent contractor to SGS GEOSOL Laboratorios in Vespasiano, Brazil, an independent analytical services provider with global certifications for Quality Management Systems (ISO 9001:2015 and ISO 14001:2015 (ABS Certificates 32982 and 39911) and ISO/IEC 17025:2017 accreditation (CRL-0386)). Gold analyses are routinely performed via 50g fire assay with secondary assay techniques applied on higher grade samples. Final assay results are validated by Cabral Geological Staff prior to insertion into the database. Additional information regarding the Company's data verification processes is set out in the CBR, 43-101, PFS Technical Report, July 2025, which can be found on the Company's website.Qualified Person and Technical InformationTechnical information included in this release was supervised and approved by Brian Arkell, B.S. Geology and M.S. Economic Geology, SME (Registered Member), AusIMM (Fellow) and SEG (Fellow), Cabral Gold's Vice President, Exploration and Technical Services, and a Qualified Person under NI 43-101.Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-looking StatementsThis news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"). The use of the words "will", "expected" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296427 Original: Cabral Gold Announces Additional Results of Infill Drilling at the MG Gold Deposit, Cuiú Cuiú Gold District, Brazil. Doubles Number of Drill Rigs on Site to Six

Cabral Gold Advances Construction of Cuiú Cuiú Gold-in-Oxide Heap Leach Project. Transitions to Plant Erection Phase; Remains on ScheduleApril 29, 2026 6:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 29, 2026) - Cabral Gold Inc. (TSXV: CBR) (OTCQX: CBGZF) ("Cabral" or the "Company") is pleased to provide a construction update regarding its Phase 1 gold-in-oxide heap leach project at the Cuiú Cuiú Gold District, Brazil.HighlightsConstruction activity for the Phase 1 gold-in-oxide heap leach construction project is now approximately 70% complete, with 85% of project costs committed under contract The project remains on budget and on schedule for plant commissioning in Q3, 2026 and commercial production in Q4 2026Critical equipment, including the ADR plant and the mineral Sizer, is in maritime transit and is expected to arrive in the country ahead of schedule.The Owners team and Contractors have so far worked a total of 255,960 hours during 2026 with a Lost Time Incident ("LTI") rate of zeroA total of 324 employees and contractors are currently on site on the construction project (excluding the off-site engineering team and Cabral's in-country exploration and administrative team), 100% of employees and contractors are Brazilian and approximately 42% are from the state of ParaIn-fill drilling of the MG oxide starter pit (first 12 months) is complete, with results supporting the earlier Updated PFS results that were based on wider space drillingAlan Carter, Cabral's President and CEO, commented, "Construction of our Phase 1 gold-in-oxide heap leach project at Cuiú Cuiú continues to progress and remains on budget and on schedule for commercial gold production during the fourth quarter of this year. The erection of both the dry and wet plant processing facilities are now in progress and the new 160 person mine camp and project offices were commissioned successfully in early April. Overall procurement of equipment for all major plant equipment is now complete, and the adsorption, desorption, and recovery ("ADR") plant is in transit to site. The excellent progress on site has resulted in the plant commissioning schedule being brought forward and is now planned to commence in June 2026. All this has been achieved by the owners' team and contractors having worked a total of 255,960 hours with zero lost time incidents so far during 2026." Cuiú Cuiú Construction UpdateDetailed Engineering Project engineering has focused on the final design and construction execution for the Heap Leach pads. Major recent priorities included; A review of the piping and instrumentation diagrams ("P&ID's") and detailed design for the plant with a specific focus on the systems downstream of the heap leach padsGeotechnical studies and evaluations to support the design of Spent Ore Pile and Waste Rock facilitiesA review of the final design drawings and planned execution for the construction of the Heap Leach Pads (Q2, 2026)Procurement and Delivery Overall procurement of equipment for all major plant equipment is now complete, and all items required to commence erection are on site and available to the construction team.The adsorption, desorption, and recovery ("ADR") plant was successfully dry commissioned in stages at Como Engineering in Perth, Australia. It was then disassembled and packed in shipping containers for transportation to the site. The containers departed Fremantle Port on April 25, and are expected to arrive in Brazil on schedule in late May. Components of the mineral Sizer that were sourced from Germany are expected to arrive in Brazil in the coming days, with the last of these due to arrive on May 5. All steel structures and components required for the conveyor systems are now on site and available for plant erection expected in the coming months. The materials required to commence the construction of the Heap Leach pads and water management and collection ponds, such as HDPE pipes and liners, are on site. Expenditures and schedule continue to track in line with the Pre-Feasibility Study with an effective date of July 29, 2025 (filed under Cabral Gold's profile on Sedar, entitled "Pre-Feasibility Study - NI 43-101 Technical Report, Cabral Gold Inc.").Infrastructure Improvements and Construction The new mine camp and project offices were commissioned successfully in early April, with most of the new accommodation now occupied by the project team and the new project office fully operational (Figures 1 and 2). The delivery on schedule of the new accommodation and offices was an important milestone in that it improved the team's operational flexibility and addressed the capacity limitations imposed on the project due to the need to share the original Cuiú Cuiú camp with the growing exploration team. The new accommodation facilities have an increased and final capacity of 160 employees and contractors, while the main project office has the capacity to accommodate 40 staff.Figure 1: New mine offices in operation at Cuiu Cuiu.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/294871_aec011a09489bb90_002full.jpgFigure 2: Recently completed accommodation blocks at new mine camp, Cuiu Cuiu.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/294871_aec011a09489bb90_003full.jpgDuring April, the project reached an important milestone of completing the construction of all major earthworks and civil foundations (including plant foundations, pad layout, and pond excavations). This concludes the ground preparation and foundations ("in ground") phase for the project, supporting the transition of activity to the plant erection and equipment installation ("above ground") phase. Our construction team successfully navigated this critical in-ground phase during the height of the wet period in spite of the difficult conditions. This bodes well for mining in wet conditions and may lead to productivity levels exceeding the conservative metrics of the Updated PFS. Construction of the ore processing section and the dry circuit of the plant is well underway, with key structures beginning to take shape (Figure 3). Figure 3: Construction activity in ROM / dry circuit area. Note cement silo and partially assembled mobile conveyors in foreground.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/294871_aec011a09489bb90_004full.jpgThe lining of solution collection ponds has also commenced and is shown in Figure 4.Figure 4: Installation of solution pond linersTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/294871_aec011a09489bb90_005full.jpgConstruction of the Carbon in Column ("CIC") circuit in the wet circuit area has also commenced (Figure 5).Figure 5: Construction of the Carbon in Column ("CIC") circuit in the wet circuit area at Cuiu Cuiu.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/294871_aec011a09489bb90_006full.jpgMining and Resource updateA detailed infill drilling campaign focusing on the first 9 months of production at the MG gold deposit has been completed. Preliminary results from this program were recently reported and were in line with expectations (see press release dated April 7, 2026). The results from these infill drill holes will be used to generate a revised reserve estimate for MG and an updated mine plan. Preparation required to commence mining is progressing to plan, with mobilization of the mining fleet planned for the coming weeks. Commissioning Cabral has engaged Strategic Metallurgy Pty Ltd to oversee and manage the commissioning of the processing plant (ROM pad to ADR plant), with Como Engineering retaining the responsibility for final on-site commissioning of the ADR plant. The commissioning program is likely to take place in 2 phases. The first phase will focus on the dry circuit, ore leaching on the pads, and the build up of gold inventory (i.e. gold tenor in the pregnant solution) and is planned to commence in June, 2026. This is significantly earlier than previously expected, adopting the "as early as possible" approach, which provides extra time and flexibility to commission the plant in time for planned commercial production in early Q4, 2026. The second phase will include processing of the pregnant solution, extracting gold through the carbon columns, and producing dore from the ADR plant. The timing of this will be dictated by the progress of the first phase but is currently planned for later in Q3, 2026. Project Development Timeline The Project remains on track and on budget for plant commissioning in Q3, 2026, and commercial production in Q4 2026 (Table 1).Table 1: GANT chart showing construction schedule for Phase 1 operation at Cuiu CuiuTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/294871_cabraltbl104292026.jpgSafety & Human Resources The Owners team has worked a total of 102,219 hours so far during 2026 and Contractors have worked a total of 153,741 hours for a total of 255,960 hours with a Lost Time Incident rate ("LTI") of zero.A total of 324 employees and contractors are currently engaged by the Project (excluding the off-site Ausenco Brazil engineering team and Cabral's exploration team), with 100% of the workforce comprised of Brazilians and approximately 42% local residents from the State of Para. Timetable and Next Steps The project has progressed efficiently through the critical earthworks and civil works phase of the project despite more challenging weather conditions during January-April. The project is now approximately 70% complete and on schedule for commissioning in Q3, 2026. Key development milestones in the upcoming months include:Major equipment, including the ADR plant, planned to arrive on site in Q2 2026Plant construction during Q2 2026Plant commissioning during Q3 2026 Commercial production and ramp-up in Q4 2026Video UpdateThe company has included a link on its YouTube channel to a short video showing our construction progress. We will update this video each month simultaneously with the release of the monthly update. The link is https://youtu.be/stAbpxtb8Bo About Cabral Gold Inc.The Company is a junior resource Company engaged in the identification, exploration, and development of mineral properties, with a primary focus on gold properties located in Brazil. The Company has a 100% interest in the Cuiú Cuiú gold district located in the Tapajós Region, within the state of Pará in northern Brazil. Three main gold deposits have so far been defined at the Cuiú Cuiú project which contain National Instrument ("NI") 43-101 compliant Indicated resources of 12.29Mt @ 1.14 g/t gold (450,200oz) in fresh basement material and 13.56Mt @ 0.50 g/t gold (216,182oz) in oxide material. The project also contains Inferred resources of 13.63Mt @ 1.04 g/t gold (455,100oz) in fresh basement material and 6.4Mt @ 0.34 g/t gold (70,569oz) in oxide material. The resource estimate for the primary material is based on the NI 43-101 technical report dated October 12, 2022. The resource estimate for the oxide material at PDM and MG is based on a NI 43-101 technical report dated October 21, 2024. The resource estimate for the oxide material at Central and Machichie is based on a NI 43-101 technical report ("Updated PFS") dated July 29, 2025.The Tapajós Gold Province is the site of the largest gold rush in Brazil's history which according to the ANM (Agência Nacional de Mineração or National Mining Agency of Brazil) produced an estimated 30 to 50 million ounces of placer gold between 1978 and 1995. Cuiú Cuiú was the largest area of placer workings in the Tapajós and produced an estimated 2Moz of placer gold historically.FOR FURTHER INFORMATION PLEASE CONTACT:"Alan Carter"President and Chief Executive Officer
Cabral Gold Inc.Tel: 604.676.5660Qualified Person and Technical InformationTechnical information included in this release was supervised and approved by Brian Arkell, B.S. Geology and M.S. Economic Geology, SME (Registered Member), AusIMM (Fellow) and SEG (Fellow), Cabral Gold's Vice President, Exploration and Technical Services, and a Qualified Person under NI 43-101.Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-looking StatementsThis news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"). The use of the words "will", "expected" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294871
Original: Cabral Gold Advances Construction of Cuiú Cuiú Gold-in-Oxide Heap Leach Project. Transitions to Plant Erection Phase; Remains on Schedule

Cabral Gold Announces the Results of Infill Drilling at the MG Gold Deposit, Cuiú Cuiú Gold District, BrazilApril 7, 2026 6:36 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 7, 2026) - Cabral Gold Inc. (TSXV: CBR) (OTCQX: CBGZF) ("Cabral" or the "Company") is pleased to announce results from 24 shallow reverse circulation ("RC") holes drilled targeting gold-in-oxide material at the MG starter pit within the Cuiú Cuiú Gold District, Brazil.HighlightsResults have been received on an initial 24 infill RC holes targeting the gold-in-oxide material in the eastern and central parts of the MG starter pit. The program of infill drilling is aimed at improving the confidence around the current mine plan at MG and upgrading the current reserve. A total of 68 RC holes totalling 3,174m have been completed to date Notable results from this initial batch of RC drill results from MG include;48m @ 1.35 g/t gold from 4m depth in RC625 17m @ 2.27 g/t gold from surface in RC626 42m @ 0.64 g/t gold from surface in RC63350m @ 0.87 g/t gold from surface in RC634 50m @ 1.35 g/t gold from surface in RC635 14m @ 1.97 g/t gold from surface in RC636 29m @ 1.36 g/t gold from surface in RC64033m @ 0.90 g/t gold from surface in RC641These results confirm the pre-existing drill holes and the presence of a significant near surface resource with good grade material amenable to heap leach. These data will result in an updated mine plan for the starter pit at MG and will also result in an updated gold-in-oxide reserve estimate ahead of mining Alan Carter, Cabral's President and CEO commented, "This first batch of infill drill results at MG are highly encouraging and confirm the presence of good grades over significant widths within the near surface weathered saprolite material and the overlying blanket sediments. These data will allow us to further refine our mine plan for the starter pit and update the gold-in-oxide reserve base for the MG gold-in-oxide deposit. This in turn will provide us with greater confidence during the initial year of mining at MG." MG RC Infill Drill Results The MG gold deposit is one of the two main gold deposits that currently comprise the Indicated and Inferred resource base at Cuiú Cuiú (see Figure 1). As with the nearby Central gold deposit, the upper portion of the subvertical MG gold deposit is extensively weathered resulting in a vertical profile of highly weathered basement saprolite extending to 60m depth. This saprolite together with the overlying blanket sediments and soils, which are also mineralized, will form the starter pit for the Phase 1 gold-in-oxide mining operation which is due to commence production in Q4 2026. Figure 1: Map showing location of known gold deposits at MG, Central, and JB. The location of new discoveries at PDM, Machichie NE and Machichie Main and Jerimum Cima discovery are also shown.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/291376_cf220a14f4a6db71_002full.jpgThe objective of the ongoing RC infill drill program at MG is to provide greater confidence on the grade and continuity of the current reserve base at MG ahead of mining and to further refine the mine plan that was developed as part of the PFS study release in July 2025 (see press release dated July 29, 2026). Results have been received on an initial 24 infill RC holes targeting the gold-in-oxide material in the eastern and central parts of the MG starter pit. The program of infill drilling is aimed at improving the confidence around the current mine plan at MG and upgrading the current reserve by the end of this month. A total of 68 RC holes totalling 3,174m have been completed to date on a 25 x 25m spacing. Additional infill drilling in areas of higher grade will be completed on a 12.5 x 12.5m spacing. The RC drill results reported to date confirm the presence of good grades within the weathered saprolite and overlying sedimentary blanket and the Year 1 pit outline (see Figure 2, Table 1). Of particular note are the following RC drill results;48m @ 1.35 g/t gold from 4m depth in RC625 17m @ 2.27 g/t gold from surface in RC626 42m @ 0.64 g/t gold from surface in RC63350m @ 0.87 g/t gold from surface in RC634 50m @ 1.35 g/t gold from surface in RC635 14m @ 1.97 g/t gold from surface in RC636 29m @ 1.36 g/t gold from surface in RC64033m @ 0.90 g/t gold from surface in RC641Holes RC623 to RC628 were drilled on section 553175E towards the western limit of the Year 1 pit outline whilst RC632 to RC637 were drilled on section 553275E (Figure 3) in the western central part of the Year 1 pit. Three holes (RC625, RC635 and RC644) returned narrow intervals of higher-grade material which will be separated and stockpiled during the gold-in-oxide mining operation for processing at a later date. These results are in line with the existing MG mine plan and confirm the pre-existing drill holes and the presence of significant near surface resources with good grade material amenable to heap leach.Figure 2: Map showing the location of RC infill drillholes at the MG gold deposit aimed at further defining the gold-in-oxide reserves that will form the basis of the starter pit for the Phase 1 gold-in-oxide operation. The Year 1 pit outline is shown together will drill holes reported in this press release as well as other recently completed RC infill drill holes.
Terms: g/t = grams / tonne, m = metres, Au = gold. True widths may be 50% of actual drill intercepts.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/291376_cf220a14f4a6db71_003full.jpgFigure 3. Section 553275E showing the location of RC infill drillholes RC632 to RC637 at the MG gold deposit.
Terms: g/t = grams / tonne, m = metres, Au = gold. True widths may be 50% of actual drill intercepts.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/291376_cf220a14f4a6db71_004full.jpgDrill Hole #Weathering
FromToThicknessGrade


(m)(m)(m)g/t goldRC620Blanket/
0.09.09.00.23
SaproliteEOH 50.0



RC621Saprolite
0.05.05.00.22


9.016.07.00.65


18.024.06.00.20


32.035.03.00.38

EOH 41.0



RC622Blanket/
0.019.019.00.46
SaproliteIncl.9.014.05.00.87


28.033.05.00.21

EOH 50.0



RC623Blanket
0.09.09.00.45

EOH 50.0



RC624Blanket/
0.010.010.00.49
SaproliteIncl.7.08.01.01.13
Saprolite
18.020.02.00.62

EOH 50.0



RC625Blanket
0.048.048.01.35
SaproliteIncl.40.043.03.012.73

and Incl.41.042.01.031.94

EOH 50.0



RC626Blanket /
0.017.017.02.27
SaproliteIncl.12.013.01.08.30


26.027.01.00.33


32.034.02.00.26

EOH 50.0



RC627Blanket
0.05.05.00.38
Saprolite
25.027.02.00.13


35.036.01.00.20

EOH 50.0



RC628Blanket /
0.032.032.00.20
Saprolite
36.038.02.00.13


43.045.02.00.26

EOH 50.0



RC629Blanket
0.09.09.00.35
Saprolite
17.018.01.00.24


42.050.08.00.74

EOH 50.0



RC630Blanket
0.09.09.00.36
Saprolite
32.049.017.00.36

EOH 50.0



RC631Blanket
0.09.09.00.38

EOH 50.0



RC632Blanket /
0.011.011.00.69
SaproliteIncl.10.011.01.04.35


41.047.06.00.26

EOH 50.0



RC633Blanket /
0.042.042.00.64
SaproliteEOH 50.0



RC634Blanket /
0.050.050.00.87
SaproliteEOH 50.0



RC635Blanket /
0.0050.0050.001.35
SaproliteIncl.5.008.003.0010.92

EOH 50.0



RC636Blanket /
0.014.014.01.97
SaproliteIncl.5.013.08.02.89


18.023.05.00.32


25.033.08.00.20

EOH 50.0



RC637Blanket /
0.09.09.00.61
Saprolite
17.019.02.01.39


22.025.03.00.35


44.047.03.00.67

EOH 50.0



RC638Blanket /
0.07.07.00.55
Saprolite
11.012.01.00.30


14.017.03.00.20


21.025.04.00.46


30.035.05.01.17

EOH 50.0



RC639Blanket /
0.012.012.00.62
Saprolite
15.017.02.00.69


19.020.01.00.87


22.023.01.00.47


25.028.03.02.50


31.045.014.00.85

EOH 50.0



RC640Blanket /
0.029.029.01.36
SaproliteIncl.4.07.03.06.61


31.033.02.00.33


39.041.02.00.17


45.050.05.00.33

EOH 50.0



RC641Blanket /
0.033.033.00.90
SaproliteIncl.9.016.07.02.10


37.039.02.00.57


42.043.01.00.46

EOH 50.0



RC643Blanket
0.0012.0012.000.68

Incl.6.007.001.002.64
Saprolite
18.0024.006.000.53


32.0050.0018.000.61


46.0048.002.001.02

EOH 50.0



RC644Blanket /
0.0014.0014.000.60
SaproliteIncl.6.008.002.001.36


24.0050.0026.001.21

Incl.27.0028.001.0016.46

and38.0040.002.002.82

EOH 50.0



 Table 1: Drill results from RC drill holes (RC620 to RC641 and RC643 and RC644) at the MG gold deposit. All RC holes were drilled at a dip of 60 degrees on a bearing of 180 degrees. Terms: g/t = grams / tonne, m = metres, Au = gold, EOH = end of hole. True widths may be 50% of actual drill intercepts.Update on Exploration Drilling ProgramIn addition to the RC infill drill program, which is ongoing at MG, the bulk of the Company's drilling efforts are directed towards exploration drilling of the underlying hard rock deposits at Cuiú Cuiú. Two rigs are currently operating, and an additional RC rig is expected on site by mid-April bringing the total number of drill rigs on site to four. The Company is anticipating further expanding this exploration drilling effort in the coming weeks following the closing of the C$20M bought deal financing announced on March 25, 2026. Further details regarding the exploration drilling program for the remainder of 2026 will be released in the coming weeks. About Cabral Gold Inc.The Company is a junior resource Company engaged in the identification, exploration, and development of mineral properties, with a primary focus on gold properties located in Brazil. The Company has a 100% interest in the Cuiú Cuiú gold district located in the Tapajós Region, within the state of Pará in northern Brazil. Three main gold deposits have so far been defined at the Cuiú Cuiú project which contain National Instrument ("NI") 43-101 compliant Indicated resources of 12.29Mt @ 1.14 g/t gold (450,200oz) in fresh basement material and 13.56Mt @ 0.50 g/t gold (216,182oz) in oxide material. The project also contains Inferred resources of 13.63Mt @ 1.04 g/t gold (455,100oz) in fresh basement material and 6.4Mt @ 0.34 g/t gold (70,569oz) in oxide material. The resource estimate for the primary material is based on the NI 43-101 technical report dated October 12, 2022. The resource estimate for the oxide material at PDM and MG is based on a NI 43-101 technical report dated October 21, 2024. The resource estimate for the oxide material at Central and Machichie is based on a NI43-101 technical report ("Updated PFS") dated July 29, 2025.The Tapajós Gold Province is the site of the largest gold rush in Brazil's history which according to the ANM (Agência Nacional de Mineração or National Mining Agency of Brazil) produced an estimated 30 to 50 million ounces of placer gold between 1978 and 1995. Cuiú Cuiú was the largest area of placer workings in the Tapajós and produced an estimated 2Moz of placer gold historically.FOR FURTHER INFORMATION PLEASE CONTACT:"Alan Carter"President and Chief Executive Officer
Cabral Gold Inc.Tel: 604.676.5660Quality Assurance / Quality ControlCabral maintains a Quality Assurance / Quality Control ("QAQC") program for all its exploration projects using industry best practices. Key elements of the QAQC program include verifiable chain of custody for samples, regular insertion of certified reference materials, blanks, and duplicates, as well as check assays on results. RC samples are split, collected in plastic sample bags, and sealed on drill hole location. Drill core is halved by saw cut or slicer (in soft saprolite). RC and core samples are shipped in sealed bags by independent contractor to SGS GEOSOL Laboratorios in Vespasiano, Brazil, an independent analytical services provider with global certifications for Quality Management Systems (ISO 9001:2015 and ISO 14001:2015 (ABS Certificates 32982 and 39911) and ISO/IEC 17025:2017 accreditation (CRL-0386)). Gold analyses are routinely performed via 50g fire assay with secondary assay techniques applied on higher grade samples. Final assay results are validated by Cabral Geological Staff prior to insertion into the database. Additional information regarding the Company's data verification processes is set out in the CBR, 43-101, PFS Technical Report, July 2025, which can be found on the Company's website.Qualified Person and Technical InformationTechnical information included in this release was supervised and approved by Brian Arkell, B.S. Geology and M.S. Economic Geology, SME (Registered Member), AusIMM (Fellow) and SEG (Fellow), Cabral Gold's Vice President, Exploration and Technical Services, and a Qualified Person under NI 43-101.Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-looking StatementsThis news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"). The use of the words "will", "expected" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/291376
Original: Cabral Gold Announces the Results of Infill Drilling at the MG Gold Deposit, Cuiú Cuiú Gold District, Brazil

Cabral Gold Drills 9.5m @ 87.4 g/t Gold at Jerimum Cima Target, Cuiú Cuiú Gold District, BrazilMarch 12, 2026 6:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 12, 2026) - Cabral Gold Inc. (TSXV: CBR) (OTCQX: CBGZF) ("Cabral" or the "Company") is pleased to announce results from two additional diamond drill holes at the Jerimum Cima target within the Cuiú Cuiú Gold District, Brazil.HighlightsRecent drilling at the Jerimum Cima target, located 3km ENE of the Central gold deposit and 3.5km NW of the MG gold deposit at Cuiú Cuiú, returned 9.5m @ 87.4 g/t gold from 173.8m depth including 2.9m @ 285.5 g/t gold from 178.7m depth in hole DDH372The zone intersected in DDH372 is most likely the same zone intersected by previously released drill holes which returned 45.6m @ 4.5 g/t gold, and 9.5m @ 5.74 g/t gold including 3.6m @ 13.9 g/t gold, and suggests the presence of a high-grade zone which may form the core of the mineralized system at Jerimum Cima. The high-grade zone remains open along strike and at depthIn addition, DDH369 which was drilled 500m further to the east at Jerimum Cima, intersected 6.1m @ 0.55 g/t gold and 13.9m @ 0.73 g/t gold. This hole is the most easterly hole so far drilled at Jerimum Cima and is a 150m step out from a previously released intercept in DDH365 which returned 3.8m @ 10.80 g/t including 0.5m @ 80.51 g/t. Gold mineralization remains open to the east and at depthResults on 2 additional diamond drill holes are pending from Jerimum Cima. Drilling is continuing and is aimed at defining the size of the broader mineralized system, and now, the extent of the high-grade mineralization intersected in DDH372Alan Carter, Cabral's President and CEO commented, "Whilst we have encountered very high-grade drill intercepts in several of the known deposits and recent discoveries within the Cuiú Cuiú district, notably Machichie NE where we recently drilled 11m @ 33.0 g/t and 12m @ 27.7 g/t gold, we have never encountered drill results of this magnitude. DDH372 at Jerimum Cima returned 9.5m @ 87.4 g/t gold including 2.9m @ 285.5 g/t gold. It is becoming increasingly clear that we have an important discovery at Jerimum Cima which is located 3km ENE of the Central gold deposit and 3.5km NW of the MG gold deposit, and is not currently part of the existing resource base. These latest drill results suggest the presence of a central zone of very high-grade material at Jerimum Cima which appears to be surrounded by lower grade stockwork mineralization. The high-grade zone appears to be localized at the intersection of E-W and NW-SE trending structures, and is within a broader mineralized envelope that is up to 200m wide and extends at least 750m E-W. Further drilling is planned, and is aimed at establishing the size of both the near surface gold-in-oxide zone, and the underlying zones of primary mineralization in the intrusive rocks, particularly the high-grade zone encountered in DDH372". Brian Arkell, Vice President of Exploration and Technical Services commented: "These are the strongest drill results thus far from Jerimum Cima and occur along trend of the high-grade results recorded previously in diamond drill hole CC-26 (45.6m @ 4.47 g/t Au) and other drill holes nearly 400m to the west. Though we are still at an early stage and our drilling remains widely spaced, we are defining an altered, mineralized zone up to 200m wide, at least 900m long, which is open to the east and at depth. Similar to what we see at MG and Machichie Main, this is a broad east-west trending structure, emanating as a splay off the regional-scale TZ fault, showing multiple episodes of altered intrusive dykes and higher grade breccias.Of additional interest, there is a large gold-in-oxide cap over much of this area, and a broad gold-in-soil anomaly which is open to the north and east. Our current plans are to continue drilling both to the east and north-northeast to determine the overall extent of the mineralization at the Jerimum Cima target."Jerimum Cima Drill Results The Jerimum Cima target is located 3 kilometres ("km") ENE of the Central gold deposit and 3.5km NW of the MG gold deposit (Figure 1). The target is characterized by a very strong gold-in-soil anomaly of +100 parts per billion ("ppb") gold covering an area of 900 meters ("m") x 1000m and is comparable with the gold-in-soil anomalies above the MG and Central gold deposits, and the PDM and Machichie Main gold discoveries. As with the MG gold deposit and the Machichie Main gold discovery, gold mineralization at Jerimum Cima is centered on a major east-west trending fault zone, which forms a splay off the regional scale Tocantinzinho fault system.Figure 1: Map showing location of known gold deposits at Central, MG and JB. The location of new discoveries at PDM, Machichie NE and Machichie Main as well as the Jerimum Cima discovery are also shown. To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/288249_2d7269dcc4661a08_002full.jpgPrevious reconnaissance drilling at Jerimum Cima returned 45.6m @ 4.5 grammes per tonne ("g/t") gold in primary intrusive rock material as well as 49m @ 2.0 g/t gold (see press release dated May 21, 2025) and more recently 9.5m @ 5.74 g/t gold from 41.4m depth including 3.6m @ 13.92 g/t gold (see press release dated January 26, 2026). In addition, a number of surface trenches returned gold intercepts of very good grade in gold-in-oxide material, and include 14m @ 1.6 g/t gold, 20m @ 1.2 g/t gold, 10m @ 1.3 g/t gold, and 24m @ 0.7 g/t gold and 18m @ 1.9 g/t gold (see press release dated November 14, 2024).DDH372 reported herein, was drilled on section 551061E with an azimuth of 360 degrees and at an angle of 50 degrees within the central eastern part of the Jerimum Cima target and was designed to test the intersection of the main E-W trending mineralized zone and an interpreted NW trending cross fault. The hole returned 9.5m @ 87.4 gold from 173.8m depth including 2.9m @ 285.5 g/t gold from 178.7m depth in primary (hard) bedrock quartz vein material and appears to be at the intersection of the main E-W trending mineralized zone at Jerimum Cima and a NW trending cross fault (Figures 2 and 3, Table 1).The zone intersected in DDH372 is most likely the same zone intersected by previous drill holes to the east and west. Drillhole CC26 was drilled 30m west of DDH372 and previously returned 45.6m @ 4.5 g/t gold. Drillhole DDH359 was drilled 80m east of DDH372 and previously returned 9.5m @ 5.74 g/t gold including 3.6m @ 13.92 g/t gold (Figure 2). These holes together suggest the presence of a high-grade zone extending at least 110m along strike which may form the core of the mineralized system at Jerimum Cima. The high-grade zone remains open along strike and at depth.In addition, DDH369 which was drilled 500m further to the east of DDH372 on section 551515E and reported herein, intersected 6.1m @ 0.55 g/t gold and 13.9m @ 0.73 g/t gold (Figure 2, Table 1). This hole is the most easterly hole so far drilled at Jerimum Cima and is a 150m step out from DDH365 which recently returned 3.8m @ 10.80 g/t including 0.5m @ 80.51 g/t. Gold mineralization remains open to the east and at depth.The extremely high gold grades returned from DDH372 and other holes at Jerimum Cima suggest the presence of a central zone of very high-grade material which appears to be surrounded by lower grade stockwork mineralization. The high-grade zone appears to be localized at the intersection of E-W and NW-SE trending structures, and is within a broader mineralized envelope that is up to 200m wide and extends along strike at least 750m in an E-W sense. Both the broader zone and the central high-grade zone are open along strike and at depth. Drilling is in progress and additional drill holes are planned.Figure 2: Map showing the location of trenches and certain drill holes at the Jerimum Cima target. The location of diamond drill holes DDH369 and DDH372 are also shown together with previous significant drill and trench results including CC26 which cut 45.6m @ 4.5 g/t gold and DDH359 which returned 9.5m @ 5.7 g/t gold. Note that three parallel mineralized zones in the underlying intrusive rocks have now been identified at Jerimum Cima extending over at least 750m E-W. The limit to the oxide banket as currently known is also shown. Terms: g/t = grams / tonne, m = metres, Au = gold. True widths may be 50% of actual drill interceptsTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/288249_2d7269dcc4661a08_003full.jpgFigure 3: Cross section showing section 551061E at the Jerimum Cima discovery showing results from DDH372 which returned 9.5m @ 87.4 g/t gold including 2.9m @ 285.5 g/t gold. True widths may be 50% of actual drill intercepts. Terms: g/t = grams / tonne, m = metres, Au = goldTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/288249_2d7269dcc4661a08_004full.jpgDrill Hole #Weathering
FromTo ThicknessGrade


(m)(m)(m)g/t goldDDH369Blanket
20.021.01.00.11


29.230.00.80.38
Intrusive rock
135.0138.23.20.13


148.4154.56.10.55


164.0165.01.00.39


176.8177.30.50.83


211.8225.713.90.73


211.8219.37.51.24

EOH 263.8  



DDH372Saprolite
35.037.02.00.16
Intrusive rock
55.157.32.20.70


105.5107.72.20.99


130.9156.725.80.60


173.8183.39.587.4

incl.  178.7181.62.9285.5


189.7196.06.30.14


234.0239.05.00.11


257.8260.52.70.26

EOH 270.1  



 Table 1: Drill results from diamond drill holes DDH369, and DDH372, at the Jerimum Cima discovery. Both diamond holes were drilled at a dip of 55 degrees on a bearing of 0 degrees. Terms: g/t = grams / tonne, m = metres, Au = gold, EOH = end of hole. True widths may be 50% of actual drill intercepts About Cabral Gold Inc.The Company is a junior resource Company engaged in the identification, exploration, and development of mineral properties, with a primary focus on gold properties located in Brazil. The Company has a 100% interest in the Cuiú Cuiú gold district located in the Tapajós Region, within the state of Pará in northern Brazil. Three main gold deposits have so far been defined at the Cuiú Cuiú project which contain National Instrument ("NI") 43-101 compliant Indicated resources of 12.29Mt @ 1.14 g/t gold (450,200oz) in fresh basement material and 13.56Mt @ 0.50 g/t gold (216,182oz) in oxide material. The project also contains Inferred resources of 13.63Mt @ 1.04 g/t gold (455,100oz) in fresh basement material and 6.4Mt @ 0.34 g/t gold (70,569oz) in oxide material. The resource estimate for the primary material is based on the NI 43-101 technical report dated October 12, 2022. The resource estimate for the oxide material at PDM and MG is based on a NI 43-101 technical report dated October 21, 2024. The resource estimate for the oxide material at Central and Machichie is based on a NI43-101 technical report ("Updated PFS") dated July 29, 2025.The Tapajós Gold Province is the site of the largest gold rush in Brazil's history which according to the ANM (Agência Nacional de Mineração or National Mining Agency of Brazil) produced an estimated 30 to 50 million ounces of placer gold between 1978 and 1995. Cuiú Cuiú was the largest area of placer workings in the Tapajós and produced an estimated 2Moz of placer gold historically.FOR FURTHER INFORMATION PLEASE CONTACT:"Alan Carter"President and Chief Executive Officer
Cabral Gold Inc.Tel: 604.676.5660Quality Assurance / Quality ControlCabral maintains a Quality Assurance / Quality Control ("QAQC") program for all its exploration projects using industry best practices. Key elements of the QAQC program include verifiable chain of custody for samples, regular insertion of certified reference materials, blanks, and duplicates, as well as check assays on results. RC samples are split, collected in plastic sample bags, and sealed on drill hole location. Drill core is halved by saw cut or slicer (in soft saprolite). RC and core samples are shipped in sealed bags by independent contractor to SGS GEOSOL Laboratorios in Vespasiano, Brazil, an independent analytical services provider with global certifications for Quality Management Systems (ISO 9001:2015 and ISO 14001:2015 (ABS Certificates 32982 and 39911) and ISO/IEC 17025:2017 accreditation (CRL-0386)). Gold analyses are routinely performed via 50g fire assay with secondary assay techniques applied on higher grade samples. Final assay results are validated by Cabral Geological Staff prior to insertion into the database. Additional information regarding the Company's data verification processes is set out in the CBR, 43-101, PFS Technical Report, July 2025, which can be found on the Company's website.Qualified Person and Technical InformationTechnical information included in this release was supervised and approved by Brian Arkell, B.S. Geology and M.S. Economic Geology, SME (Registered Member), AusIMM (Fellow) and SEG (Fellow), Cabral Gold's Vice President, Exploration and Technical Services, and a Qualified Person under NI 43-101.Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-looking StatementsThis news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"). The use of the words "will", "expected" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288249
Original: Cabral Gold Drills 9.5m @ 87.4 g/t Gold at Jerimum Cima Target, Cuiú Cuiú Gold District, Brazil

Cabral Gold Achieves Major Permitting Milestone with the Granting of the LP for Full Mining License at Cuiu Cuiu Gold District, BrazilMarch 10, 2026 7:19 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 10, 2026) - Cabral Gold Inc. (TSXV: CBR) (OTCQX: CBGZF) ("Cabral" or the "Company") is pleased to announce that the Environmental Council (COEMA) for the state of Pará has issued the Licença Prévia ("LP") for the Full Mining License at Cuiú Cuiú Gold District, Brazil.Alan Carter, Cabral's President and CEO commented, "The granting of the LP for the Full Mining Licence at Cuiú Cuiú is a major milestone for our project and our Company and comes after a lengthy process. It is a validation of the project's strong environmental and social foundations and follows the successful public audiences held during August 2025 in the community of Cuiú Cuiú and the city of Itaituba. The LP not only allows for the expansion of our Phase 1 gold-in-oxide project, which is currently under construction, but it also applies to the much larger Phase 2 project which will involve the development of the hard rock resources at Cuiú Cuiú. The granting of the LP dramatically reduces the risk profile for both phases of development of the project. With the most complex and time-intensive stage of the Brazilian permitting process now complete, we have materially de-risked the project and enhanced its long-term value potential. I would personally like to thank all members of COEMA for their support in granting the license, and I would also like to take this opportunity to thank and congratulate all of our employees and consultants on achieving this very important milestone."The announcement by the Pará State Environmental Council (COEMA) of the granting of the LP for the Full Mining License is a very important milestone for Cabral Gold and its fully owned subsidiary Magellan Minerais e Prospeccao Geologica Ltda. This dramatically reduces the risk profile of the project and provides a pathway to increasing the scope of the Phase 1 gold-in-oxide project, which is currently under construction, from the currently licensed GU's (Guia de Utilizacao or Trial Mining Licenses) with a combined 500,000 tonnes per year to full plant capacity of 1 million tonnes/ year, and beyond. Perhaps more importantly, with the LP in hand for the Full Mining License, the permitting risk associated with the Phase 2 mining development aimed at exploiting the hard rock resources at Cuiú Cuiu, is significantly reduced. This results in a clear permitting pathway for the development of the Phase 2 mine and is expected to lead to the request of both the LI (Installation License) and the LO (Operating License) for the Full Mining Licence (Portaria Da Lavra) during March 2026. The Brazilian mine permitting process consists of three key stages: the Licença Prévia or preliminary license ("LP"), which has now been granted, followed by the installation license ("LI") and, finally, the license to operate ("LO"). The LP is the most critical, time-consuming and challenging to secure, as it defines the project's fundamental parameters and requires input and approval from several government agencies as well as local stakeholders, and communities. The process considers in detail the environmental, social, and economic impacts and benefits of the project. The granting of the LP follows two very successful public audiences which were held during August 2025 in Itaituba, the municipal capital, and the community of Cuiú Cuiú, both with 100% approval.About Cabral Gold Inc.The Company is a junior resource Company engaged in the identification, exploration, and development of mineral properties, with a primary focus on gold properties located in Brazil. The Company has a 100% interest in the Cuiú Cuiú gold district located in the Tapajós Region, within the state of Pará in northern Brazil. Three main gold deposits have so far been defined at the Cuiú Cuiú project which contain National Instrument ("NI") 43-101 compliant Indicated resources of 12.29Mt @ 1.14 g/t gold (450,200oz) in fresh basement material and 13.56Mt @ 0.50 g/t gold (216,182oz) in oxide material. The project also contains Inferred resources of 13.63Mt @ 1.04 g/t gold (455,100oz) in fresh basement material and 6.4Mt @ 0.34 g/t gold (70,569oz) in oxide material. The resource estimate for the primary material is based on the NI 43-101 technical report dated October 12, 2022. The resource estimate for the oxide material at PDM and MG is based on a NI 43-101 technical report dated October 21, 2024. The resource estimate for the oxide material at Central and Machichie is based on a NI43-101 technical report ("Updated PFS") dated July 29, 2025.The Tapajós Gold Province is the site of the largest gold rush in Brazil's history which according to the ANM (Agência Nacional de Mineração or National Mining Agency of Brazil) produced an estimated 30 to 50 million ounces of placer gold between 1978 and 1995. Cuiú Cuiú was the largest area of placer workings in the Tapajós and produced an estimated 2Moz of placer gold historically.FOR FURTHER INFORMATION PLEASE CONTACT:"Alan Carter"President and Chief Executive Officer
Cabral Gold Inc.Tel: 604.676.5660Qualified Person and Technical InformationTechnical information included in this release was supervised and approved by Brian Arkell, B.S. Geology and M.S. Economic Geology, SME (Registered Member), AusIMM (Fellow) and SEG (Fellow), Cabral Gold's Vice President, Exploration and Technical Services, and a Qualified Person under NI 43-101.Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-looking StatementsThis news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"). The use of the words "will", "expected" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/287931
Original: Cabral Gold Achieves Major Permitting Milestone with the Granting of the LP for Full Mining License at Cuiu Cuiu Gold District, Brazil

Cabral Gold Provides Update on Construction Progress at Cuiú Cuiú; Project on Track for Q4 2026 ProductionMarch 5, 2026 7:02 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 5, 2026) - Cabral Gold Inc. (TSXV: CBR) (OTCQX: CBGZF) ("Cabral" or the "Company") is pleased to provide a construction update regarding its Phase 1 gold-in-oxide heap leach project at the Cuiú Cuiú Gold District, Brazil.HighlightsConstruction activity for the Phase 1 gold-in-oxide heap leach construction project is now 54% complete, with 71% of project costs committed under contract The project remains on budget and on schedule for plant commissioning in Q3, 2026 and commercial production in Q4 2026Detailed engineering is on track, and procurement of major plant equipment is now over 90% complete, with the procurement of the remaining equipment to be finalized later this month.The Owners team and Contractors have so far worked a total of 93,625 hours during 2026 with a Lost Time Incident ("LTI") rate of zeroA total of 283 employees and contractors are currently on site on the construction project (excluding the off-site Ausenco Brazil engineering team and members of the owners' team as well as Cabral's exploration team), 100% of employees and contractors are Brazilian and 70% are from the state of ParaIn-fill drilling of the MG oxide starter pit (first 12 months) is 75% complete and once completed will feed into a detailed mine design which provides the mine plan for the commencement of mining activities in mid-2026Alan Carter, Cabral's President and CEO, commented, "Our Construction team continues to make excellent progress in executing on the 12-month construction program for our Phase 1 gold-in-oxide heap leach project at Cuiú Cuiú. Our team has demonstrated resilience and strong technical capability in successfully dealing with the challenges encountered to date. We have put behind us the uncertainty normally associated with significant earthworks of a construction project, and we are now focused on above-ground construction and plant erection, which is less dependent on weather conditions. The execution of the project plan is proceeding on budget and to schedule, targeting commissioning of the plant in the third quarter of 2026, followed by commercial production at Cuiú Cuiú in the fourth quarter of 2026." Cuiú Cuiú Construction UpdateDetailed Engineering Project engineering and construction execution drawings continue ahead of plan ensuring these activities are unlikely to impact the critical path.Major current priorities include;P&IDs and detailed design for wet systems (post Heap Leach Pads)Geotechnical study and evaluation in support of design of Spent Ore Pile and Waste Rock facilitiesFinalise design and execution drawings in preparation for the construction of the Heap Leach Pads (quarter 2, 2026)Procurement and Delivery Overall procurement of equipment for all major plant equipment is over 90% complete. Notable long-lead items currently being manufactured include the adsorption, desorption, and recovery ("ADR") plant, the mineral sizer, and the various conveyor systems. The ADR plant is in the final assembly stage at Como Engineering in Perth, Australia (Figure 1). After a dry commissioning program in March, the plant will be disassembled and packed in shipping containers for transportation to the site. Figure 1: The Adsorption, Desorption, and Recovery (ADR) plant at Como Engineering in Perth, Australia,nearing completion,  prior to commissioning and shipping to Cuiú Cuiú siteTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/286357_4824a8e184ebebe6_002full.jpgManufacturing of steel structures is progressing with all contracts awarded to local suppliers. The fabrication of the Run of Mine ("ROM") ore bin and related support structures is being prepared for transport to the site, where its delivery is expected by mid March (Figure 2). Figure 2: Run of Mine (ROM) steel ore bin under fabrication in Itaituba, BrazilTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/286357_4824a8e184ebebe6_003full.jpgExpenditures and schedule are tracking in line with the Pre-Feasibility Study with an effective date of July 29, 2025 (filed under Cabral Gold's profile on Sedar, entitled "Pre-Feasibility Study - NI 43-101 Technical Report, Cabral Gold Inc.").Infrastructure Improvements and Construction The area for the permanent mine camp has been cleared and leveled, and construction began in January 2026. The mine camp and project offices will be located within the secured operations area and alongside the new dedicated private airstrip. The new accommodation facilities will have capacity for 136 employees and contractors, and they remain on schedule for completion by the end of March 2026 (Figure 3).Figure 3: New mine camp currently under construction at Cuiu Cuiu.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/286357_4824a8e184ebebe6_004full.jpgEarthworks on the production plateau are now 95% complete, as are most of the concrete foundations required to support the process equipment due on site in the coming months. The final water and solution storage ponds are currently nearing completion (Figure 4). This critical phase of the project was completed on time and within the allocated budget. Figure 4: Solution storage ponds on the production plateau at Cuiu Cuiu nearing completionTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/286357_4824a8e184ebebe6_005full.jpgA 9-metre-high Mechanically Stabilized Earth (MSE) retaining wall for the ROM ore reception area was recently completed (Figure 5), making room for the ROM ore bin that will receive ore in preparation for processing.Figure 5: Run of Mine area of Production Plateau showing recently constructed Mechanically Stabilized Earth (MSE) retaining wall which is 9m high. Cement foundations on left are for mineral sizer and cement bin.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/286357_4824a8e184ebebe6_006full.jpgProject Development Timeline The Project remains on track and on budget for plant commissioning in Q3, 2026, and commercial production in Q4 2026 (Table 1).Table 1: GANT chart showing construction schedule for Phase 1 operation at Cuiu CuiuTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3900/286357_4824a8e184ebebe6_007full.jpgSafety & Human Resources The Owners team has worked a total of 37,940 hours so far during 2026 and Contractors have worked a total of 55,685 hours for a total of 93,625 hours with a Lost Time Incident rate ("LTI") of zero.A total of 283 employees and contractors are currently engaged by the Project (excluding the off-site Ausenco Brazil engineering team and the corporate exploration team), with 100% of the workforce comprised of Brazilians and 70% local residents from the State of Para. During the coming weeks, the project will see a gradual transition of the workforce from earthmoving to plant erection and construction, which are expected to dominate in the coming months.Timetable and Next Steps The project has progressed efficiently through the early construction phase, leveraging the investment in initial works during 2025. Despite more challenging weather conditions in January and February, the project is now 54% complete and on schedule for commissioning in Q3, 2026. Key development milestones in the upcoming months include:Infill drilling program at MG pit in Q1 2026Major equipment arrives on site Q1 and Q2 2026Plant construction during Q2 2026ADR plant arrives on site in Q3, 2026Plant commissioning during Q3 2026Commercial production and ramp-up in Q4 2026Video UpdateThe company has included a link on its website to a short video showing of our construction progress. We will update this video each month simultaneously with the release of the monthly update. The link is https://youtu.be/WQ415zAg-2g .About Cabral Gold Inc.The Company is a junior resource Company engaged in the identification, exploration, and development of mineral properties, with a primary focus on gold properties located in Brazil. The Company has a 100% interest in the Cuiú Cuiú gold district located in the Tapajós Region, within the state of Pará in northern Brazil. Three main gold deposits have so far been defined at the Cuiú Cuiú project which contain National Instrument ("NI") 43-101 compliant Indicated resources of 12.29Mt @ 1.14 g/t gold (450,200oz) in fresh basement material and 13.56Mt @ 0.50 g/t gold (216,182oz) in oxide material. The project also contains Inferred resources of 13.63Mt @ 1.04 g/t gold (455,100oz) in fresh basement material and 6.4Mt @ 0.34 g/t gold (70,569oz) in oxide material. The resource estimate for the primary material is based on the NI 43-101 technical report dated October 12, 2022. The resource estimate for the oxide material at PDM and MG is based on a NI 43-101 technical report dated October 21, 2024. The resource estimate for the oxide material at Central and Machichie is based on a NI 43-101 technical report ("Updated PFS") dated July 29, 2025.The Tapajós Gold Province is the site of the largest gold rush in Brazil's history which according to the ANM (Agência Nacional de Mineração or National Mining Agency of Brazil) produced an estimated 30 to 50 million ounces of placer gold between 1978 and 1995. Cuiú Cuiú was the largest area of placer workings in the Tapajós and produced an estimated 2Moz of placer gold historically.FOR FURTHER INFORMATION PLEASE CONTACT:"Alan Carter"

President and Chief Executive Officer
Cabral Gold Inc.Tel: 604.676.5660Qualified Person and Technical InformationTechnical information included in this release was supervised and approved by Brian Arkell, B.S. Geology and M.S. Economic Geology, SME (Registered Member), AusIMM (Fellow) and SEG (Fellow), Cabral Gold's Vice President, Exploration and Technical Services, and a Qualified Person under NI 43-101.Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-looking StatementsThis news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"). The use of the words "will", "expected" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/286357
Original: Cabral Gold Provides Update on Construction Progress at Cuiú Cuiú; Project on Track for Q4 2026 Production

Cabral Gold, Inc. (OTCQX: CBGZF | TSXV: CBR): Virtual Investor Conferences



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Cabral Gold Announces First Closing of Private Placement
V.CBR | November 29, 2018

Vancouver, British Columbia--(Newsfile Corp. - November 29, 2018) - Cabral Gold Inc. (TSXV: CBR) (OTC Pink: CBGZF) ("Cabral" or the "Company") is pleased to announce that it has closed the first tranche of its non-brokered private placement financing previously announced on October 25, 2018 (the "Offering") for gross proceeds of $1,862,500 through the issuance of 7,450,000 common shares.

Dundee Corporation ("Dundee"), through its wholly owned subsidiary, Dundee Resources Limited participated in the financing and acquired 6,000,000 common shares of Cabral for aggregate consideration of $1,500,000. Dundee and its affiliates now own and control an approximately 18.6% of the issued and outstanding common shares on an undiluted basis.

Officers and directors of Cabral subscribed for a total of 1,310,000 common shares for gross proceeds of $327,500 in the first closing of the Offering. The participation of officers and directors of Cabral in the Offering constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The transaction is exempt from the formal valuation requirements of MI 61-101 pursuant to section 5.5(a) as the fair market value of the officers' and directors' participation is not more than 25% of the Company's market capitalization. The transaction is also exempt from the minority shareholder approval requirements of MI 61-101 by virtue of section 5.7(1)(b) thereof as the fair market value of the shares to be distributed to, or the consideration paid by, the officers and directors does not exceed $2,500,000.

The Company did not file a material change report more than 21 days in advance of the closing of the investment as contemplated by the related party transaction requirements under MI 61-101 as the insider participation was only recently confirmed.

The Company intends to use the net proceeds from the Offering to complete a diamond drill program aimed at testing several of the recently identified high-grade structures at the Cuiú Cuiú property (see news releases of June 19, July 19 and August 9, 2018), ongoing costs of permitting relating to the Cuiú Cuiú property (see news release of September 12, 2018), and for general corporate and working capital purposes.

In connection with the first tranche closing of the Offering, the Company paid cash finder's fees of $91,500 and issued 366,000 share purchase warrants ("Finder's Warrants") to a third-party finder in connection with the private placement. Each Finder's Warrant entitles the holder to purchase one common share of the Company at a purchase price of $0.25 for a period of up to 24 months until November 28, 2020.

All common shares issued in connection with the first tranche of the Offering are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation and the policies of the TSX Venture Exchange, pursuant to which they may not be sold or transferred until March 29, 2019.

President and CEO Alan Carter stated: "We are extremely pleased to welcome Dundee as a strategic investor in our Company and we look forward to the forthcoming drill program at the Cuiú Cuiú project which is planned for January 2019."

FOR FURTHER INFORMATION PLEASE CONTACT:

Alan Carter
President and Chief Executive Officer
Cabral Gold Inc.
Tel: 604.676.5660
Email: info@cabralgold.com
www.cabralgold.com

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

Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the private placement and the use of proceeds. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "intends", "may" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Cabral to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including: the receipt of all necessary regulatory approvals, capital expenditures and other costs, and financing and additional capital requirements. Although management of Cabral have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Cabral will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.