Cabral Gold's High-Grade Gold Intercepts at Machichie Signifies Expansion Potential at Cuiú Cuiú Project

• Cabral Gold announced drill results from five RC holes drilled at the Machichie Main and Machichie NE targets, Cuiú Cuiú Gold District, Brazil
• Intercepts include 11m @ 33.0 g/t gold from 50m depth (RC421) at Machichie NE target and 25m @ 2.9 g/t gold from surface (RC420) at Machichie Main zone
• Results suggest potential to add near-surface oxide resources and high-grade zones
• The company's ongoing drilling will determine extent of mineralization at Machichie targets

About Cabral Gold

Cabral Gold Inc. (TSXV:CBR) is a junior resource company focused on the exploration and development of gold properties in Brazil. The Company's flagship asset is the 100%-owned Cuiú Cuiú project, located in the Tapajós Region of Pará State in northern Brazil. The Tapajós Gold Province has historically produced an estimated 30-50 million ounces of placer gold, with Cuiú Cuiú being the largest historic placer gold producer in the region at approximately 2 million ounces.

Cabral has defined two main gold deposits at Cuiú Cuiú containing NI 43-101 compliant Indicated resources of 21.6Mt @ 0.87 g/t gold (604,000 oz) and Inferred resources of 19.8Mt @ 0.84 g/t gold (534,500 oz). The Company is currently conducting a pre-feasibility study on the potential for a heap leach oxide project.

High-Grade Results from Machichie

Cabral Gold recently announced highly encouraging drill results from the Machichie target area at Cuiú Cuiú, highlighting the potential to expand the project's gold resources. Reverse circulation (RC) hole RC421, drilled at the Machichie NE target, intercepted 11m grading an impressive 33.0 g/t gold from 50m depth. This high-grade interval was encountered in saprolite and weathered bedrock and included 4m @ 89.3 g/t gold from 52m.

RC420, drilled at the nearby Machichie Main zone, returned 25m @ 2.9 g/t gold from surface in weathered saprolite, including 12m @ 5.5 g/t gold. These results confirm the presence of another E-W trending mineralized structure at Machichie NE, located 150m north of the significant Machichie Main zone discovery.

The Machichie Main and Machichie NE targets are situated just 500m and 650m, respectively, north of the established MG gold deposit. Previous drilling at Machichie Main intersected up to 34m @ 5.4 g/t gold, and Machichie NE had seen limited historic drilling with notable gold intercepts.

Implications for Resource Growth

Cabral Gold's President and CEO, Alan Carter, commented:

"The assay results from RC421 at the Machichie NE target are amongst the top three drill holes ever drilled at Cuiú Cuiú and are the best results drilled to date outside of the known Central and MG gold deposits."

He noted that the results have "very positive implications" for not only expanding the near-surface gold-in-oxide resources at the project, but also point to "significant zones of high-grade mineralization in primary bedrock" underlying the weathered material.

The Company's VP of Exploration, Brian Arkell, remarked that the Machichie area continues to yield very encouraging results, particularly at Machichie NE which is encountering higher grades in major structural breaks.

Arkell stated: "These are some of the highest grades encountered to date on the property and illustrate the significant exploration potential, not only laterally and at depth, but also within newly defined sub-parallel structural zones."

Arkell highlighted the strong potential for the Machichie results to "add resources and higher-grade material" to the planned oxide heap leach project, given the proximity of the Machichie NE and Machichie Main zones to the MG deposit.

Ongoing Exploration

Cabral has identified three main zones of mineralization in the Machichie area so far: Machichie Main, Machichie West and now Machichie NE. These parallel targets occur along major structural breaks immediately north of the MG deposit.

At Machichie NE, hole RC422 also returned positive results of 21m @ 1.3 g/t gold from surface, including 3m @ 7.5 g/t in saprolite. This hole was collared in the eastern portion of Machichie NE where mineralization remains open.

Most of the previous diamond drilling at Machichie has focused on the Main zone, outlining an east-trending, steeply north-dipping mineralized zone interpreted to extend for at least 900m. The recent RC420 intercept of 25m @ 2.9 g/t gold from surface is located 175m east of a prior hole that cut 5m @ 27.6 g/t gold and 235m east of another interval of 6.4m @ 11.6 g/t gold. This reinforces the E-W continuity of a significant higher-grade zone over 235m that remains open in both directions.

Drilling is ongoing at Machichie, aimed at determining the extent of mineralization at both the Main and NE zones. The current program is focused on the Machichie West target, employing an RC rig, while a diamond drill is on site collecting metallurgical and geological data.

Conclusion

The latest drill results from Cabral Gold underscore the substantial exploration upside and potential to expand gold resources at the Cuiú Cuiú project in Brazil. The bonanza-grade intercept of 11m @ 33.0 g/t gold at the Machichie NE target, along with strong results from Machichie Main, demonstrate the presence of multiple parallel high-grade mineralized structures in this area.

Importantly, the Machichie zones are in close proximity to the existing MG deposit, indicating good potential to delineate additional near-surface oxide resources to enhance the planned heap leach project. Furthermore, the high-grade intercepts in bedrock suggest the possibility for significant primary mineralization underlying the weathered material.

With drilling ongoing and further assays pending, Cabral is well positioned to continue defining the extent of this very promising mineralization. The Cuiú Cuiú project benefits from an established resource base, substantial historic placer gold production in the region, and exciting new discoveries that point to a much larger gold system.

Cabral Gold represents an attractive exploration and development story in a highly prospective gold district. Investors should keep a close eye on the Company's progress as it aggressively advances Cuiú Cuiú and works to unlock the full value of this emerging gold project.