Cabral Gold Continues to Hit High-Grade Gold at Central Deposit

• RC368 returned 10m @ 10.5 g/t gold including 1m @ 63.6 g/t gold at Central deposit
• RC384 hit 23m @ 0.9 g/t gold from 4m depth in saprolite
• RC385 returned multiple mineralized zones including 13m @ 0.7 g/t gold and 6m @ 1.4 g/t gold
• Results confirm presence of high-grade near-surface mineralization at Central
• Pending results from additional 13 RC holes at Central and other targets

About Cabral Gold

Cabral Gold Inc. is a junior resource company focused on the identification, exploration and development of gold properties in Brazil. Its flagship Cuiú Cuiú gold project is located in the Tapajós region in northern Brazil. The project contains National Instrument 43-101 compliant resources of 21.6 million tonnes at 0.87 g/t gold (604,000 oz Indicated) and 19.8 million tonnes at 0.84 g/t gold (534,500 oz Inferred).

High-Grade Hits Expand Potential at Central Deposit

The latest round of drilling results from eight RC holes continues to demonstrate the potential to expand the high-grade gold resources at the Central deposit, one of the two main deposits defined to date at Cuiú Cuiú.

The highlight results come from hole RC368, which intersected bonanza grades of 63.6 g/t and 28.3 g/t gold within a broader 10m interval grading 10.5 g/t gold from 67m downhole. This intercept occurs at the contact between oxidized basement saprolite and fresh basement rock, indicating continuity of the high-grade mineralization from surface to depth.

The results are particularly significant as RC368 is testing the depth extension of a similar high-grade zone intersected in previous diamond drilling, which returned up to 8.4 g/t gold over 10m. This confirmation of additional high-grade mineralization is expected to have a positive impact on the existing near-surface oxide resources at Central.

Additional Saprolite Mineralization Encountered

In addition to the basement-hosted mineralization, recent drilling continues to deliver encouraging oxidized saprolite intercepts within the overlying saprolite layer and upper unconsolidated sediments.

Highlights include 23m at 0.9 g/t gold from 4m in RC384 and multiple intercepts in RC385, including 13m @ 0.7 g/t from 3m depth. These results will help define additional near-surface oxide resources to potentially supplement surface mining operations.

The current open pit resources at Central stand at 65,400 oz Indicated grading 0.6 g/t gold and 44,800 oz Inferred grading 0.4 g/t gold. Definition drilling around known zones is aimed at expanding the higher-grade component of these resources.

Additional Targets Showing Promise

With assay results still pending from 13 additional RC holes testing the depth and strike extensions of mineralization at Central, investors can expect a steady news flow over the coming months. Drilling is also underway or planned at nearby targets such as Machichie and the MG deposit, located 500m and 2km from Central, respectively.

The latest results continue to demonstrate that the Cuiú Cuiú gold district remains largely underexplored, with potential to substantially grow resources along strike and at depth from the known Central and MG deposits. Success at Cabral’s emerging regional targets would only add to the upside potential.

Next Steps for Development

The ongoing drill program will provide key inputs for an updated resource model and proposed mine plan as part of a prefeasibility study evaluating the potential for open pit mining and heap leach processing operations to exploit the gold-in-oxide blanket and saprolite resources.

With the project’s location in an established mining region proximal to road access, power and water supplies, the study offers a path towards trial mining and initial cash flows in the near term.

CEO Highlights Key Takeaways from Latest Results

"The latest round of impressive high-grade and broad mineralized intercepts continue to demonstrate resource expansion potential at Central," stated Alan Carter, President and CEO of Cabral Gold.

Carter emphasized hole RC368 as a standout result, which returned bonanza grades of 63.6 g/t and 28.3 g/t gold over 10m at 10.5 g/t from 67m depth. Significantly, this occurs immediately beneath an earlier hole that cut 20.9m @ 4.2 g/t gold within oxidized saprolite.

According to Carter, this confirmation of continuity of high-grade mineralization could have a positive impact on the existing near-surface oxide resources used in mine planning studies. It also further indicates the presence of significant high-grade material extending from surface into depth across the deposit.

Additional highlights include 23m @ 0.9 g/t gold from 4m depth and multiple mineralized intercepts downhole in RC385. Along with pending results from 13 holes at Central and regional targets, Carter sees considerable resource growth potential remaining to be unlocked.

Conclusion

With a tight share structure, robust project economics and district scale potential, Cabral Gold represents an undervalued opportunity in comparison to peers advancing early-stage exploration projects.

The growingIndicated and Inferred open pit oxide resources provide a low-cost, low-risk platform to fund ongoing exploration and delineation of deeper high-grade resources that will form the basis for larger-scale mining scenarios.

As ongoing exploration continues to demonstrate resource growth potential and de-risk project development, shares of Cabral Gold have room for substantial rerating. Investors wanting leverage to exploration success supported by fundamentals should take notice.