Cabral Gold Files Updated Technical Report for Gold-in-Oxide Starter Operation at Brazilian Project

• Cabral Gold Inc. has filed a National Instrument 43-101 technical report for an updated prefeasibility study on the gold-in-oxide starter operation at its Cuiú Cuiú Gold Project in Brazil's Pará State.
• The company maintains a 100% interest in the Cuiú Cuiú gold district, which contains NI 43-101 compliant indicated resources of 12.29Mt at 1.14 g/t gold (450,200oz) in fresh basement material and 13.56Mt at 0.50 g/t gold (216,182oz) in oxide material.
• The project sits within the Tapajós Gold Province, historically Brazil's largest gold rush region that produced an estimated 30 to 50 million ounces of placer gold between 1978 and 1995.
• Cabral's board approved the granting of 1,475,000 stock options at $0.45 per share to directors, employees, and consultants, exercisable for five years with 24-month vesting.
• The technical report results show no material differences from those originally announced in the July 29, 2025 news release, providing consistency in the company's project advancement timeline.

Cabral Gold Inc. (TSXV: CBR) (OTCQB: CBGZF) represents a focused junior resource company targeting gold development opportunities in Brazil's proven mining jurisdictions. The company has filed a National Instrument 43-101 technical report for its updated prefeasibility study on the gold-in-oxide starter operation at the Cuiú Cuiú Gold Project, marking a significant milestone in advancing this asset toward potential production. This development occurs within the context of Brazil's established gold mining sector and the company's strategic positioning in the historically productive Tapajós region.

Company Background & Asset Portfolio

Cabral Gold Inc. operates as a junior resource company with primary focus on gold properties in Brazil. The company holds a 100% interest in the Cuiú Cuiú gold district, strategically located in the Tapajós Region within Pará State in northern Brazil. This positioning provides access to established mining infrastructure and a jurisdiction with demonstrated gold production capabilities.

The company's flagship Cuiú Cuiú project encompasses three main gold deposits with established NI 43-101 compliant resources. Current indicated resources total 12.29Mt at 1.14 g/t gold (450,200oz) in fresh basement material and 13.56Mt at 0.50 g/t gold (216,182oz) in oxide material. Additional inferred resources include 13.63Mt at 1.04 g/t gold (455,100oz) in fresh basement material and 6.4Mt at 0.34 g/t gold (70,569oz) in oxide material.

Technical Report Filing & Regulatory Compliance

The filing of the NI 43-101 technical report represents completion of regulatory requirements for the updated prefeasibility study results. As stated in the company's announcement, "The Report can be found under the Company's profile on SEDAR+ at www.sedarplus.ca and on the Company's website." This accessibility ensures investor transparency and regulatory compliance within Canadian securities frameworks.

The technical report provides comprehensive analysis for the gold-in-oxide starter operation, building upon previous studies and resource definitions. The company confirmed that "There are no material differences between the results announced in the news release and the results in the Report," indicating consistency between initial announcements and final technical documentation.

Resource Foundation & Geological Context

The Cuiú Cuiú project benefits from multiple resource estimates based on different NI 43-101 technical reports spanning recent years. The resource estimate for primary material derives from an October 12, 2022 technical report, while oxide material estimates at PDM and MG locations are based on an October 21, 2024 report. The oxide material estimates for Central and Machichie areas incorporate results from the most recent report dated July 29, 2025.

This progressive resource development demonstrates systematic advancement of the project's geological understanding and economic potential. The combination of oxide and fresh basement resources provides operational flexibility and potential for staged development approaches.

Regional Mining Heritage & Infrastructure

The Cuiú Cuiú project operates within Brazil's most significant historical gold mining region. According to company information:

"The Tapajós Gold Province is the site of the largest gold rush in Brazil's history which according to the ANM (Agência Nacional de Mineração or National Mining Agency of Brazil) produced an estimated 30 to 50 million ounces of placer gold between 1978 and 1995."

This extensive historical production provides several advantages for current development activities. The region possesses established mining infrastructure, experienced local workforce, and proven geological potential. Additionally, "Cuiú Cuiú was the largest area of placer workings in the Tapajós and produced an estimated 2Moz of placer gold historically," indicating specific localized success within the broader regional context.

Corporate Governance & Incentive Structure

Concurrent with the technical report filing, Cabral's board approved stock option grants totaling 1,475,000 shares. The company stated that:

"The stock options entitle the holders to purchase a total of 1,475,000 common shares in the capital stock of the Company at a price of $0.45 per common share. 400,000 stock options granted to one independent director and 1,075,000 stock options granted to six employees and consultants."

This allocation demonstrates commitment to retaining key personnel and aligning interests with shareholder value creation. The options carry five-year terms with 24-month vesting schedules, providing long-term retention incentives while allowing for performance-based value realization.

Development Strategy & Market Positioning

The focus on a gold-in-oxide starter operation suggests a strategic approach to project development that prioritizes near-term production potential and cash flow generation. Oxide operations typically require lower capital expenditure and shorter development timelines compared to hard rock mining, potentially offering faster returns on investment.

The company's 100% ownership structure eliminates joint venture complexities and provides full control over development decisions and economic benefits. This ownership position, combined with the project's location in an established mining jurisdiction, creates a foundation for autonomous development progression.

Financial & Operational Considerations

The updated prefeasibility study addresses key economic parameters for the gold-in-oxide starter operation, though specific financial metrics require review of the detailed technical report. The study's completion represents advancement from earlier development stages and provides enhanced basis for investment evaluation and potential financing activities.

Stock option pricing at $0.45 per share provides market context for current valuation levels and management expectations. The five-year option terms allow flexibility for value realization timing while the 24-month vesting schedule ensures continued personnel commitment during critical development phases.

Investment Outlook for Cabral Gold

For investors evaluating Cabral Gold, several factors warrant consideration. The company demonstrates systematic project advancement through completion of updated technical studies and regulatory filings. The Cuiú Cuiú project benefits from substantial historical resource definition work and location within Brazil's premier gold mining region.

The focus on oxide material for initial operations potentially offers shorter development timelines and lower capital requirements compared to hard rock alternatives. Combined with 100% project ownership and established regional infrastructure, these factors support the investment thesis for junior gold developers seeking exposure to Brazilian mining opportunities.

However, investors should recognize the inherent risks associated with junior resource companies, including financing requirements, commodity price sensitivity, regulatory considerations, and development execution challenges. The company's progression from prefeasibility study to potential development phases will require continued capital investment and successful project implementation.

The stock option grants indicate management confidence in future performance while providing incentive alignment. The technical report filing demonstrates regulatory compliance and transparency commitments essential for maintaining investor confidence and accessing capital markets.

Conclusion

Cabral Gold's filing of the updated NI 43-101 technical report for the Cuiú Cuiú gold-in-oxide starter operation represents meaningful progress in advancing this Brazilian gold project. The company benefits from substantial resource endowment, favorable regional mining history, and strategic positioning within an established gold province. For investors seeking exposure to Brazilian gold development opportunities, Cabral Gold offers a focused investment vehicle with clear project advancement milestones and systematic technical development progression. The combination of near-term oxide operation potential and longer-term hard rock resources provides multiple value realization pathways, though successful execution remains subject to typical junior mining company risks and market conditions.