Cabral Gold Returns 25m at 7.47 g/t Gold in Pre-Production Infill Drilling at MG Deposit, Cuiú Cuiú, Brazil

• Infill drill hole RC737 returned 25m at 7.47 grams per tonne (g/t) gold from surface, including 10m at 17.09 g/t gold, with a higher-grade section of 2m at 69.32 g/t gold
• RC737 ranks 14th on the grade-thickness scale of all holes drilled across the Cuiú Cuiú district to date, making it one of the best results ever recorded at the project
• The latest batch of 38 holes confirms that good gold grades are present consistently from surface across the eastern and central portions of the MG starter pit
• The MG infill drilling programme is now complete at 166 holes totalling 5,767 metres (m); results on the final 42 holes remain pending
• A resource upgrade is targeted by end of June 2026, supporting the Year 1 mine plan ahead of commercial gold production in the fourth quarter of 2026

Company Overview

Cabral Gold (TSXV: CBR, OTCQB: CBGZF) is a junior mining company focused on exploring, developing, and bringing into production gold properties in Brazil. The company holds a 100% interest in the Cuiú Cuiú gold district in the Tapajós Region of Pará state, northern Brazil, where three main gold deposits have been defined. The project hosts National Instrument (NI) 43-101-compliant Indicated resources of 12.29 million tonnes (Mt) at 1.14 g/t gold (450,200 ounces) in fresh rock and 13.56 Mt at 0.50 g/t gold (216,182 ounces) in near-surface weathered material, plus Inferred resources of 13.63 Mt at 1.04 g/t gold (455,100 ounces) in fresh rock and 6.4 Mt at 0.34 g/t gold (70,569 ounces) in weathered material. Cabral is currently constructing a Phase 1 heap leach operation targeting near-surface gold and expects to begin commercial production in the fourth quarter of 2026.

Infill Programme Context

Cabral Gold has reported results from 38 additional infill drill holes at the MG gold deposit, part of the company's Cuiú Cuiú Gold District in the Tapajós Region of northern Brazil. The drilling programme is designed to improve confidence in the grade and continuity of gold in the near-surface weathered rock that will feed the company's planned Phase 1 heap leach operation, and to support an upgrade of the existing resource estimate ahead of mining.

The MG deposit is one of two main deposits at Cuiú Cuiú. Near the surface, the gold-bearing rock has been heavily weathered over time, producing a softened, clay-rich zone extending to around 60m depth. This weathered material, along with overlying soils and sediments that also carry gold, will form the initial mining area, known as the starter pit. All 38 holes in this batch were drilled within the planned first-year pit area to a maximum depth of 25m, with a number of holes still showing gold at their final depth.

Standout Result: RC737

The standout result from this batch was hole RC737, which returned 25m at 7.47 g/t gold from surface, including 10m at 17.09 g/t gold. Within that section, a 2m interval returned 69.32 g/t gold. On a combined measure of grade and width, RC737 ranks 14th among all holes ever drilled at Cuiú Cuiú.

President & Chief Executive Officer (CEO) Alan Carter noted that RC737 ranks among the best holes ever drilled at the MG deposit and across the wider Cuiú Cuiú district. Carter added that the elevated grades seen in several holes, including RC737, may point to zones of higher-grade gold within the deeper fresh rock beneath MG.

Programme Completion

Drilling at MG is now finished, with 166 holes drilled over a total of 5,767m. Results have been published for 124 holes, with the remaining 42 still awaiting laboratory assay. The programme was structured to provide the confidence level needed to upgrade the resource classification and refine the mining plan for the first year of production.

Next Steps

The next near-term milestone is receipt and publication of the outstanding 42 assay results from the MG programme. Once those are in hand, Cabral is targeting a resource upgrade by the end of June 2026. That upgraded resource will feed directly into the finalised Year 1 mine plan for the MG starter pit. Construction of the Phase 1 heap leach operation remains on schedule, with commercial gold production targeted for the fourth quarter of 2026.

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