Cabral Gold Drills Significant Gold Mineralization in Oxides at Cuiú Cuiú Project

• 20m @ 1.6 g/t and 15m @ 1.8 g/t gold intersected at surface in oxidized material at MG deposit.
• Expands higher grade +1.5g/t oxide gold mineralization in critical zones.
• Results continue to demonstrate excellent consistency of mineralization.
• Ongoing 75-hole, 5000m drill program advancing well.
• Cuiú Cuiú is a district-scale gold project with over 1Moz already defined.

About Cabral Gold

Cabral Gold is a junior gold exploration and development company focused on advancing their 100% owned Cuiú Cuiú project located in the emerging Tapajós gold district in northern Brazil. The latest results from 12 RC drill holes at the MG deposit have intersected significant near surface oxidized gold mineralization that continues to expand the higher grade zones that will likely drive early cash flows in a potential future mining operation. Investors should be encouraged by both the impressive consistency of the mineralization as well as the continued expansion of the higher grade material. With an ongoing 5000m drill program advancing rapidly, Cabral remains an attractive speculation play for gold investors seeking leverage to the significant exploration upside still remaining across the broader Cuiú Cuiú district.

Highlighting Continuity of Mineralization

The latest drill results from 12 RC holes at the MG deposit focused on better delineating the gold mineralized zones within both the oxide blanket sediments and underlying oxidized basement saprolite material. Highlights included:

• 20m @ 1.6 g/t gold from surface including 9m @ 1.7 g/t gold from surface in the gold-in-oxide blanket and 11m @ 1.6 g/t gold from 9m depth in basement saprolite (RC375)
• 15m @ 1.8 g/t gold from 5m depth in basement saprolite including 2m @ 9.2 g/t gold from 11m depth (RC376)

The results showcase both the impressive consistency of the gold grades in the sub-horizontal blanket sediments as well as the continuity of the higher grade mineralized zones (+1.5 g/t gold) within the underlying saprolite. For example, hole RC369 returned a robust 26m @ 0.5 g/t gold blanket intercept which matches well with surrounding holes. Meanwhile holes like RC375 and RC376 clearly expand the footprint of the important higher grade zones that will likely feature prominently in eventual mine plans.

Expanding Higher Grade Zones

A key objective of the current drill program at the MG deposit is to better define and expand the higher grade portion of the oxide gold resources, particularly closer to surface in the saprolite and blanket sediments. The latest results have accomplished this goal by effectively expanding the footprint of mineralization grading above 1.5 g/t gold in multiple areas.

Drill hole RC376 intersected 15m @ 1.8 g/t gold from just 5m depth, including 2m @ 9.2 g/t gold. This zone connects with similarly high-grade mineralization in the adjacent hole RC205 (43.6m @ 1.4 g/t gold from surface) and confirms the remarkable grade consistency.

Meanwhile on section E553350, hole RC375 returned exceptional near surface grades of 20m @ 1.6 g/t gold from surface including 9m @ 1.7 g/t gold in blanket sediments underlain by 11m @ 1.6 g/t gold in saprolite from 9m depth. This area clearly warrants additional follow up drilling to further expand this zone and test for extensions at depth.

Advancing the Prefeasibility Study

The latest drilling at the MG deposit forms a key component of an ongoing trial mining prefeasibility study being conducted by industry consultants Ausenco. The drilling had three main objectives:

1. Expand higher grade oxide resources in saprolite and blankets
2. Improve confidence in oxide gold resources
3. Aid future mine planning and sequencing

The consistently strong results from the 12 holes reported undoubtedly accomplish the first two objectives. The areas of expanded higher grade mineralization will increase confidence in early years of potential production where improved grades and lowered strip ratios are tremendously impactful on project economics.

Furthermore, the remarkable consistency of the blanket mineralization improves confidence in the oxide resources overall. Blanket intercepts can be reliably projected across sections with a high degree of confidence.

Finally, the identification of further areas of high grade saprolite and definition of the near surface blankets will greatly assist Ausenco in developing optimized mine plans.

Ongoing Exploration Upside

Importantly, the current 75 hole, 5000m drill program at the Cuiú Cuiú project is still ongoing with results pending from 57 additional holes. Drilling is advancing at both the Central and Machichie deposits and will provide several additional near term catalysts for Cabral. Investors should expect a continued stream of results over the coming months.

Furthermore, the Cuiú Cuiú district remains highly prospective for new discoveries across over 29,000 hectares of mineral concessions controlled by Cabral. Very limited exploration has taken place across much of the project area leaving substantial upside remaining through grassroots exploration. Additional surface work is expected to delineate high priority drill targets to further expand resources across the district.

Takeaway for Investors

Cabral Gold continues advancing their flagship Cuiú Cuiú gold project located within an emerging gold district in Brazil. The latest drill results from the MG deposit returned impressive grades over robust widths within oxidized saprolite and blanket material expected to drive value in the early years of a potential mining operation. Meanwhile, the consistency of the near-surface mineralization builds further confidence in existing gold resources.

With optimization studies ongoing and continued exploration drilling across the broader district, investors can expect a significant stream of positive developments in coming months. For investors comfortable with the risks that come with exploration stories, Cabral remains an attractive speculation play leveraged to both resource expansion and new discovery potential across a district-scale gold project in a top-tier mining jurisdiction. Cabral Gold currently trades at an enterprise value per ounce of just US$32 relative to global gold juniors at US$114 per ounce, highlighting the strong appreciation potential on offer.