Cabral Gold Eyes Production & Resource Growth in 2025 After Strong Progress at Cuiú Cuiú Gold Project

• Cabral Gold provides overview of company's key achievements at its Cuiú Cuiú gold project in Brazil during 2024 and outlines the company's primary objectives and milestones for 2025.
• The company made a new high-grade discovery at the Machichie NE target, intersecting 11m @ 33g/t gold, and pre-feasibility study was completed on initial starter oxide heap leach operation, showing robust economics with after-tax IRR of 47% and NPV of US$25M.
• The fifth gold-in-oxide blanket identified at Jerimum Cima target, with initial trenching returning 18m @ 1.9g/t gold over 1000m x 900m area, while high-grade drill results from Central deposit including 10m @ 10.5g/t gold strengthen resource potential.
• Cabral Gold is well-financed after raising $4.36M in challenging markets, welcomed experienced management to advance Cuiú Cuiú.

Cabral Gold (TSXV: CBR) is a junior gold exploration company focused on advancing the Cuiú Cuiú gold district in the Tapajós Region of northern Brazil. The company holds a 100% interest in the district, which currently hosts three main deposits containing Indicated resources of 450Koz @ 1.14g/t gold in primary material and 172Koz @ 0.48g/t gold in near-surface oxides. An additional Inferred resource includes 455Koz @ 1.04g/t gold in primary material and 152Koz @ 0.39g/t gold in oxides.

The Tapajós Region was the largest placer gold producer in Brazil's history, and Cuiú Cuiú was the largest historical placer gold camp in the Tapajós, producing an estimated 2Moz. This rich history attests to the significant gold endowment of the district.

2024 Key Milestones

PFS Demonstrates Robust Economics of Initial Oxide Starter Project

A major milestone in 2024 was the completion of a Pre-Feasibility Study (PFS) on a starter project involving the heap-leach processing of near-surface oxide material. The study outlined a 720,000 tonne per year initial operation producing gold at an all-in sustaining cost of $1086/oz.

The PFS showed the project to be economically robust, with an after-tax IRR of 47.3% and NPV5% of $25.2M at a gold price of $2250/oz. The initial capex was estimated at $37.4M.

This starter oxide project is envisioned as the first step in a broader two-stage development strategy for Cuiú Cuiú, aimed at generating early cashflow to fund expanded exploration and development of the larger primary gold resource potential.

Significant New Discovery Made at Machichie NE

Cabral Gold started 2024 with a bang, delivering a brand new high-grade discovery at the Machichie NE target, located just 150m NE of the previous Machichie Main discovery made in 2019. Three separate high-grade zones were identified, with drill highlights including 11m @ 33g/t gold, 6m @ 13.3g/t gold, and 5m @ 24.5g/t gold.

The Machichie NE discovery has so far been traced over a 200m strike length and remains open. Given the very high grades and proximity to the MG gold deposit and Machichie Main zone, Machichie NE represents an exciting opportunity to rapidly build high-margin gold ounces very close to the planned processing plant location.

New Oxide Blanket Target Identified at Jerimum Cima

Exploration success continued in the fourth quarter with the identification of a new gold-in-oxide blanket at the Jerimum Cima target. Initial trenching returned an impressive 18m @ 1.9g/t gold, with the mineralized blanket appearing to extend over a large 1000m x 900m area.

Previous wide-spaced reconnaissance drilling at Jerimum Cima also returned oxide and saprolite gold intercepts including 14m @ 1.6g/t gold, 20m @ 1.2g/t gold, 10m @ 1.3g/t gold and 24m @ 0.7g/t gold.

Jerimum Cima represents the fifth gold-in-oxide blanket identified at the project. These oxide targets collectively represent a major opportunity for Cabral to rapidly build near-surface, low-cost gold ounces to enhance the economics of the oxide heap-leach starter project.

Central Deposit Continues to Deliver High Grades

The Central deposit, which hosts the bulk of Cuiú Cuiú's primary gold resource, was also a focus of drilling in 2024. Results continued to highlight the high-grade core of the deposit, with a standout intercept of 10m @ 10.5g/t gold including 1m @ 63.6g/t gold and 1m @ 28.3g/t gold.

These ongoing high-grade results from Central emphasize the strength of the primary mineralization at Cuiú Cuiú and its potential to support a larger milling operation in the future.

2025 Plan - Advancing Toward Production Decision

Looking ahead to its plans for 2025, Cabral is focused on advancing the oxide heap-leach starter project towards a production decision. Key milestones include:

• Upgrading of the Inferred oxide resources at Central and Machichie Main to the Indicated category to allow their inclusion in mine planning
• Completion of detailed engineering studies on the heap leach project
• Securing financing for the oxide starter project, with discussions now underway with interested parties

Cabral also plans to maintain aggressive exploration efforts aimed at continuing to expand the oxide resource base and advance earlier-stage targets. Key initiatives include:

• Drilling follow-up and extension of the high-grade Machichie NE discovery
• Additional trenching and drilling at the large Jerimum Cima oxide blanket target
• Advancing earlier-stage targets from the vast pipeline at Cuiú Cuiú that have already yielded gold in trenches, drilling, and boulders

Well-Financed & Well-Managed to Execute

Despite challenging market conditions, Cabral succeeded in raising $4.36M in 2024 through two private placements to support its ongoing advancement of Cuiú Cuiú. The company also further strengthened its management team with the additions of Brian Arkell as VP Exploration and Technical Services and Samantha Shorter as CFO, both of whom bring significant experience in the mining sector.

Conclusion: Positioned for a Transformational 2025

Cabral Gold delivered significant value-adding progress in 2024 through new discoveries, resource growth, and a positive PFS on the oxide heap-leach project. The company is now positioned for a transformational 2025 as it advances the starter project towards a production decision.

With an exceptional exploration pipeline, experienced management team, and strong financial position, Cabral offers investors a unique opportunity to participate in the re-emergence of the Cuiú Cuiú district as an important gold producing region in Brazil. The high-grade drill results at Machichie NE and Central underscore the significant growth potential that remains to be unlocked across this vast gold district.