Cabral Gold Discovers Parallel High-Grade Zone at Jerimum Cima, Returns 8.9 Meters at 5.8 g/t Gold

• Cabral Gold intersected 8.9 meters at 5.8 grams per tonne (g/t) gold, including 1.8 meters at 28.4 g/t gold, in hole DDH411 at the Jerimum Cima target within its Cuiú Cuiú gold district in Brazil.
• The DDH411 intercept defines a new mineralized zone located approximately 200 meters south of, and parallel to, the target's main high-grade trend, and remains open to the east, west, and at depth.
• Hole DDH393 returned 9.3 meters at 2.78 g/t gold, including 1.7 meters at 7.2 g/t gold, confirming down-dip continuity of the target's northernmost mineralized zone.
• Several peripheral holes intersected extensive low-grade gold mineralization in blanket sediment, including 36.7 meters at 0.18 g/t gold in DDH390, indicating a larger near-surface footprint than previously modeled.
• The Board approved stock options over 3,078,000 common shares to 34 recently joined employees and 1 officer at $1.35 per share, vesting over 24 months.

Company Overview

Cabral Gold (TSXV: CBR | OTCQX: CBGZF) is a junior resource company engaged in the exploration, development, and near-term production of gold properties in Brazil, holding a 100% interest in the Cuiú Cuiú gold district in the Tapajós Region of Pará state, northern Brazil. Three main gold deposits at Cuiú Cuiú host resources of 12.29 million tonnes at 1.14 grams per tonne (g/t) gold (450,200 ounces) in harder, deeper rock and 13.56 million tonnes at 0.50 g/t gold (216,182 ounces) in near-surface material, at a confidence level the company classifies as Indicated. A further 13.63 million tonnes at 1.04 g/t gold (455,100 ounces) in deeper rock and 6.4 million tonnes at 0.34 g/t gold (70,569 ounces) are classified at a lower confidence level, known as Inferred. These estimates are based on independent technical reports dated October 12, 2022, October 21, 2024, and July 29, 2025. The company is currently building its Phase 1 processing operation based on the 2025 study, targeting commercial gold production in the fourth quarter of 2026.

New Zone Discovered South of the Main Trend

Cabral Gold has reported results from 10 additional diamond drill holes at Jerimum Cima, a target located 3 kilometers east-northeast of the Central gold deposit and 3.5 kilometers northwest of the MG gold deposit at Cuiú Cuiú. The target sits on a strong gold-in-soil anomaly of more than 100 parts per billion (ppb) gold covering 900 by 1,000 meters, comparable in scale to the anomalies that defined the MG and Central deposits.

The standout result came from DDH411, drilled south of the known mineralized trend to test for parallel structures. The hole returned 8.9 meters at 5.8 g/t gold from a depth of 208.1 meters, including 1.8 meters at 28.4 g/t gold from 212.2 meters, and intersected visible gold in the core. The intercept lies approximately 200 meters south of and runs parallel to Jerimum Cima's main high-grade zone, an area not previously recognized as mineralized.

President and Chief Executive Officer of Cabral Gold, Alan Carter, framed the discovery's significance:

"The identification of a new mineralized zone at Jerimum Cima, located approximately 200m south of and running parallel to the main centrally located high-grade zone, is highly encouraging. This opens up the possibility of additional high-grade gold mineralization at the Jerimum Cima target which has already returned some spectacular drill results, including DDH385 which recently returned 9.5m @87.4 g/t gold. Further drilling will be required to determine the extent and along strike continuity of this new mineralized zone which remains open to the east, west and at depth."

Down-Dip Extension Confirmed at the Northern Zone

DDH393, drilled at a 50-degree dip to test the down-dip extension of Jerimum Cima's northernmost mineralized zone, successfully intersected the structure. The hole returned 9.3 meters at 2.78 g/t gold from 207.1 meters depth, including 1.7 meters at 7.2 g/t gold, along with a second interval of 10.2 meters at 1.00 g/t gold from 225.0 meters. DDH396, drilled on a separate section further west to test the same northernmost zone, intersected the equivalent structure and returned 8.9 meters at 0.50 g/t gold from 195.6 meters and 11.1 meters at 0.58 g/t gold from 241.3 meters, including 0.7 meters at 7.82 g/t gold.

Together, the 2 holes indicate the northern zone maintains continuity along strike and at depth, extending the known footprint of mineralization beyond the immediate area tested by earlier drilling.

Broader Blanket Sediment Footprint

The remaining holes were drilled outside the main mineralized zone and largely returned narrower intercepts in the underlying hard rock. However, most cut low-grade gold across the overlying soil and blanket sediment, indicating a more extensive near-surface blanket than previously modeled at the target. Representative results include:

• DDH388: 26.0 meters at 0.28 g/t gold from surface
• DDH390: 36.7 meters at 0.18 g/t gold from surface
• DDH392: 34.9 meters at 0.24 g/t gold from 1.0 meter depth

This blanket-hosted mineralization is a distinct target from the underlying primary zones and directly informs the company's near-term resource modeling work at Jerimum Cima.

Program Context

The current results build on a run of high-grade intercepts at Jerimum Cima over the past several months, including DDH372's 9.5 meters at 87.4 g/t gold (including 2.9 meters at 285.5 g/t gold), DDH378's 10.2 meters at 8.7 g/t gold, and DDH384's 107.6 meters at 2.5 g/t gold, including 17.8 meters at 13.0 g/t gold. The primary objective of the ongoing program is to generate maiden resource estimates for both the gold-in-oxide blanket and the underlying primary mineralized zones at the target.

Stock Option Grant

Cabral Gold's Board of Directors also approved the granting of stock options under the company's Omnibus Equity Incentive Plan to 34 employees and 1 officer who have joined the company in recent months. The grant covers 3,078,000 common shares at an exercise price of $1.35 per share, exercisable for five years and subject to vesting over 24 months.

Next Steps

Diamond drilling at Jerimum Cima is ongoing and currently focused on testing the target's eastern extension. Diamond and reverse circulation (RC) drilling also continue at the Machichie Main deposit and Machichie West target, with the objective of updating Cuiú Cuiú's global resource base later this year.

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