Cabral Gold Announces Final Closing of Over-Subscribed Private Placement

• Cabral Gold Inc. announces final closing of oversubscribed private placement, raising a total of $2,260,200.
• The private placement consisted of 14,126,250 units at $0.16 per unit, with each unit comprising one common share and one half of one common share purchase warrant.
• Proceeds will be used for advancing the Pre-feasibility study on the gold-in-oxide resources at the Cuiú Cuiú gold district and for general working capital purposes.
• Cabral Gold is a junior resource company focused on gold properties in Brazil, with a 100% interest in the Cuiú Cuiú gold district, which contains indicated resources of 604,000 oz and inferred resources of 534,500 oz.
• The Tapajós Gold Province, where Cuiú Cuiú is located, is historically significant, having produced an estimated 30 to 50 million ounces of placer gold between 1978 and 1995.

About Cabral Gold

Cabral Gold Inc. (TSXV: CBR) (OTC Pink: CBGZF) is a junior resource company focused on identifying, exploring, and developing mineral properties, with a primary emphasis on gold properties located in Brazil. The company has a 100% interest in the Cuiú Cuiú gold district, situated in the Tapajós Region within the state of Pará in northern Brazil.

The Cuiú Cuiú project boasts two main gold deposits that contain National Instrument 43-101 compliant indicated resources of 21.6Mt @ 0.87 g/t gold (604,000 oz) and inferred resources of 19.8Mt @ 0.84 g/t gold (534,500 oz). These significant resource estimates highlight the potential for Cabral Gold to develop a substantial gold mining operation in the region.

Oversubscribed Private Placement: Strong Investor Interest

Cabral Gold recently announced the final closing of its previously announced non-brokered private placement, which was oversubscribed, demonstrating strong investor interest in the company's projects and growth potential. The company issued a total of 14,126,250 units at a price of $0.16 per unit, raising gross proceeds of $2,260,200.

Each unit consists of one common share in the capital of the company and one half of one common share purchase warrant. The warrants are exercisable for two years following the closing of each individual tranche of the private placement, with each whole warrant entitling the holder to purchase one common share at an exercise price of $0.24.

Use of Proceeds: Advancing Pre-Feasibility Study & Working Capital

Cabral Gold intends to utilize the net proceeds from the private placement to advance the ongoing Pre-feasibility study on the gold-in-oxide resources at the Cuiú Cuiú gold district and for general working capital purposes. The Pre-feasibility study is a crucial step in determining the economic viability of the project and will provide valuable insights into the potential development of the gold-in-oxide resources.

The Tapajós Gold Province: A Historically Significant Region

The Tapajós Gold Province, where the Cuiú Cuiú gold district is located, has a rich history of gold production. It was the site of the largest gold rush in Brazil's history, producing 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.This historical significance underscores the potential for Cabral Gold to uncover substantial gold resources in the region and develop a profitable mining operation.

Conclusion

Cabral Gold presents an attractive investment opportunity for those seeking exposure to the gold mining sector in Brazil. With a 100% interest in the Cuiú Cuiú gold district, which contains significant indicated and inferred resources, the company is well-positioned to advance its projects and potentially develop a profitable mining operation.

The oversubscribed private placement demonstrates strong investor confidence in Cabral Gold's management team and growth prospects. As the company progresses with its Pre-feasibility study and continues to explore and develop its gold properties, investors can expect regular updates on the company's achievements and milestones.

Furthermore, the historical significance of the Tapajós Gold Province, where Cuiú Cuiú is located, adds to the project's potential. The region's rich history of gold production suggests that Cabral Gold may be able to uncover substantial gold resources and develop a successful mining operation.

Investors looking for exposure to the gold mining sector in Brazil should consider Cabral Gold as a promising investment opportunity. With a strong management team, significant resource estimates, and a historically productive region, the company is well-positioned for growth and success in the years to come.