Cabral Gold Inc. announced drill results from a further eight RC holes from the Central gold deposit located within the Cuiú Cuiú gold district in northern Brazil. Central RC Drill Results The Central gold deposit is one of the two main gold deposits identified to date at Cuiú Cuiú. As with the nearby MG gold deposit, the upper portion of the Central gold deposit is extensively weathered resulting in a vertical profile of highly weathered basement saprolite averaging approximately 60m.

The weathered mineralized basement saprolite is overlain by mud, soil and colluvium material which forms a blanket. The blanket material contains gold and is derived from the chemical and physical weathering the underlying saprolite basement gold mineralization. Whilst the bulk of the gold resources at Central are contained within the underlying primary (un- weathered) basement material, the overlying oxide material currently contains Indicated Resources of 3.49Mt @ 0.6 g/t gold (65,400oz) and Inferred Resources of 3.36Mt @ 0.4 g/t gold (44,800oz).

A significant amount of higher-grade material (greater than 1.75g/t gold) is contained within these resources and the current drill program at Central is designed to expand and delimit these resources within the near-surface saprolite and blanket material. Cut-off grades of 0.14 g/t gold and 0.26 g/t gold were used for the 2022 open pit resource estimate for blanket/saprolite and fresh-rock mineralization, respectively. Holes RC368 and RC379 to RC385 were all drilled within the overall outline of the oxide resource at Central to a maximum depth of 83m.

Section N20895 Drill hole RC368 was drilled on section N20895 in the southern part of the Central deposit: RC368 intersected mineralized blanket near surface, and continuous mineralization from 42m to the end of the hole at 77m. A sharp transition from basement saprolite to fresh basement occurs at 67m. A notable bonanza zone (10m @ 10.5 g/t gold) was encountered in basement rocks.

RC368 had drilling difficulties within the unconsolidated blanket from surface. No sample were recovered from 0 to 13m depth downhole. However, directly below the unrecovered material, RC368 returned 4m @ 0.7 g/t gold in unconformable blanket sediments, including 2m @ 1.2 g/t gold from 13m depth, indicating that the upper 13m is also potentially mineralized.

Short diamond-drill holes will be required to further evaluate these potentially higher-grade unconsolidated blanket sediments near surface. RC368 returned 10m @ 10.5 g/t gold in basement rocks from 67m to the end of the hole. This includes the previously noted bonanza intercepts of 1m @ 63.6 g/t gold and 1m @ 28.3 g/t gold.

It is significant that the hole ended at 77m in mineralization grading 1.0 g/t gold. This basement intercept is interpreted as the down-dip extension of the high-grade mineralized zone in DDH306, which cut 20.9m @ 4.2 g/t gold in saprolite, and including a bonanza intercept of 10.0m @ 8.4 g/t gold. Section N21198 Holes RC383 and RC384 were drilled on section N21198.

RC384 returned 23m @ 0.9 g/t gold from 4m depth in saprolite. RC384 encountered both blanket and basement saprolite mineralization. Within the blanket, the hole encountered 4m @ 0.5 g/t gold from surface, and intersected 23m @ 0.9 g/t gold directly below the blanket from 4m depth downhole.

This saprolite zone encountered in RC384 is much further northeast than expected. This, combined with interpretations of airborne and ground geophysical data, suggests that the main mineralized zones in this part of the Central deposit could have been offset to the northeast as a block. Values returned in RC383 were subdued, returning just 10.0m @ 0.3 g/t gold in basement saprolite from 36m downhole.

However, this intercept occurs up-dip of an intercept in basement rocks in historic diamond-drill hole, CC_61 which returned 5.7m @ 2.71 g/t gold from 109m, including 1.3m @ 10.9 g/t gold. Results are pending on holes RC394, RC395 and RC397 which were also drilled on this section. Section N21243 Hole RC385 was drilled on section N21243.

Results from the first holes drilled on this section (RC358 and RC359) were released in late 2023. Results on a fourth hole, RC396, drilled to test the extreme southwestern part of the section, are pending. RC385 intersected multiple mineralized zones in saprolite, including 13m @ 0.7 g/t gold from 3m, 6m @ 1.4 g/t gold from 44m and 4m @ 2.7 g/t gold from 59m downhole.

The shallowest zone is likely correlative with the 23m @ 0.9 g/t gold intercept encountered in RC384, on section N21198, 45m to the southeast, and mineralization in this area may also have been offset northeast as discussed above. The current drill results and those that are pending, will enable the generation of a more accurate resource model of the oxide mineralization at Central and MG which in turn will form the basis of a proposed mine plan for the prefeasibility study regarding trial mining. The prefeasibility study on trial mining of the gold-in-oxide resources will consider exploitation by open-pit mining and heap-leach processing.

Drill results are pending on 13 RC holes from Central, nine shallower power-auger holes and 21 RC holes from the Machichie target. Machichie is located approximately 500m north of the MG gold deposit.