Cabral Gold Inc. announced drill results from an additional 12 RC holes from the MG gold deposit, drilled as part of the ongoing drill program currently being conducted at both the Central and MG gold deposits within the Cuiu Cuiu gold district in northern Brazil. Assay results have been received from an additional 12 RC holes drilled to refine the MG gold-in oxide blanket and basement saprolite wireframe model as a component of an ongoing trial-mining prefeasibility study being conducted by Ausenco. Highlights include;.

RC375 returned 20m @ 1.6 g/t gold from surface including 9m @ 1.7 g/t gold from surface in the gold-in-oxide blanket and 11m @ 1.6 g-t gold from 9m downhole in basement saprolite. Drilling is in progress at the Machichie target, located 500m north of MG, where previous drilling suggests the presence of a fourth gold-in-oxide blanket overlying a hard-rock deposit. Previous drilling and trenching traced the primary deposit 900m along strike and the deposit appears to be overlain by a gold-in-oxide blanket & saprolite to a maximum of 30m thickness.

The current drill program is ongoing. A total of 75 RC holes and nine shallow power-auger holes have been completed to date. Assay results are pending on nine power-auger holes drilled at MG, and 31 RC holes drilled at Central and 18 RC holes drilled at Machichie.

MG RC Drill Results. The MG gold deposit is one of the two main gold deposits that have been identified to date at Cuiu Cuiu. Whilst the bulk of the gold resources at MG are contained within the underlying primary (unweathered) basement material, the overlying oxide material currently contains Indicated Resources of 5.78Mt @ 0.5 g/t for 88,300oz, and Inferred Resources of 1.19Mt @ 0.3 g/t for 12,300oz.

A significant amount of higher-grade material (greater than 1.75g/t gold) is contained within these resources and the current drill program at MG is designed to expand these resources within the near-surface saprolite and blanket material. Results from the initial six RC holes completed as part of this program at MG were encouraging and included 27m @ 1.9 g/t gold from surface Inferred Resources from surface in RC343 and 28m @ 1.8 g/t gold from surface includes 6m @ 7.1 g/t gold in RC342. It is important to note that the most recent resource estimate prepared by SLR Consulting (Canada) Ltd. used a cut-off gold grade for the near surface oxide material of 0.13 g/t gold which represents the value above which material would have reasonable expectation of being economically viable.

The current drill program at MG is being completed as a component of an ongoing trials-mining prefeasibility Study being carried out by Ausenco do Brasil Engenharia Ltda. ("Ausenco"). The objectives of the current drill program are to 1) better define and expand the higher-grade portion of the oxide resources within saprolite and blanket material, particularly closer to surface, 2) to improve confidence in the oxide gold resources, and 3) to aid in the mine planning and sequencing as part of the ongoing Ausenco prefeasibility study.

Results from 12 RC holes (RC345, RC349 and holes RC369 to RC378) are discussed herein. All holes were drilled within the overall outline of the oxide resource at MG to a maximum downhole depth of 61m.