Cabral Gold Inc. announce drill results from an additional ten RC holes from the Central gold deposit that are part of the ongoing drill program currently being conducted at both the Central and MG gold deposits within the Cuiú Cuiú gold district in northern Brazil. 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 approximately 60m on average of highly weathered basement saprolite.

The weathered mineralized basement saprolite is overlain by mud, soil and colluvium material which forms a blanket. All of 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 (65,400oz) and Inferred Resources of 3.36Mt @ 0.4 g/t (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. Holes RC358 to RC367 were all drilled within the overall outline of the oxide resource at Central to a maximum depth of 97m. Drill hole RC365 was drilled on section N20995 in the southern part of the Central deposit.

The hole was designed to establish up-dip continuity of the higher-grade zone of mineralization intersected in diamond hole DDH255 which previously returned 37m @ 1.3 g/t gold. Hole RC365 intersected 28m @ 1.2 g/t gold from 29m depth in saprolite, including 2m @ 6.5 g/t gold from 30m depth. This zone is interpreted as the up-dip extension of the significant zone of mineralization previously intercepted in weathered basement (saprolite) in DDH255, and historic hole, CC13, which cut 48.1m @ 4.5 g/t gold, providing excellent evidence of continuity in the near-surface oxide material.

This higher-grade zone has been traced to depth in the underlying un-weathered basement rocks. RC365 ended at 59m in gold-in-oxide mineralization within weathered basement (saprolite), with the last 2m from 57m ending in mineralized material and averaging 1.2 g/t gold. Holes RC366 and RC367 were both drilled on section N20945.

RC367 was drilled from the north-east towards the south-west and returned 35m @ 0.8 g/t gold from 35m depth in saprolite including 10m @ 1.1 g/t gold. The hole also returned 4m @ 0.3 g/t from surface in blanket sediments and 5m @ 0.5 g/t from 22m in saprolite. The intervening interval returned no sample during drilling but based on previous results from DDH283 and DDH284, it is almost certainly mineralized.

RC366 was drilled on the same section from the same platform as RC367 and returned 30m @ 0.6 g/t gold from 21m depth in saprolite including 8m @ 1.4 g/t gold. The hole also intersected 8m @ 1.7 g/t gold at depth from 56m to the end of hole at 64m. As with hole RC367, no material was recovered in the upper portion of the hole from 5 to 21m.

The two new holes add further confidence to the previous interpretation that mineralized zones extend upward from un-weathered basement rocks through the weathered basement (saprolite). Holes RC358 and RC359 were both drilled on section N21243. RC359 was drilled from the south-west towards the north-east and intersected 7m @ 2.3 g/t gold from 32m depth including 1m @ 12.8 g/t gold in saprolite material.

RC358 was drilled in the same direction as RC359 but was collared 50m to the north-east and cut several zones of mineralization in saprolite material including 1m @ 4.8 g/t from 26m depth, 3m @ 1.3 g/t from 52m depth and 1m @ 2.0 g/t from 60m depth. These drill results, and those that are pending, will allow the generation of a more accurate resource model of the oxide mineralization at Central and MG which will form the basis of a proposed mine plan for trial mining. The prefeasibility study on trial mining of the gold-in-oxide resources will consider the exploitation by open-pit mining and heap-leach processing.

Drilling at Cuiú Cuiú is ongoing with results still pending on 21 RC holes from Central and nine shallower power-auger holes at MG. Results are also pending on 18 RC holes from the Machichie target, which is located approximately 500m north of the MG gold deposit.