Cabral Gold Inc. provided an update of the ongoing trial-mining pre-feasibility study regarding exploitation of near-surface gold-in-oxide mineralization at both the Central and MG gold deposits within the Cuiú Cuiú gold district in northern Brazil. Highlights. Results are currently pending on 31 RC holes from Central, 12 RC holes and nine power auger holes from MG, and 12 RC holes from Machichie where previous drilling indicates the potential for a new zone of gold-in- oxide mineralization.

Drilling results to date support the strategic direction of developing a high grade /high margin project based on the gold-in-oxide blanket above the primary sulphide-hosted orebody at Cuiú Cuiú. Early indications from the drilling point to the potential for an increase in high grade inventory, closer to the surface. Additional metallurgical samples are currently being collected.

Pronorte Geotecnica Ltda has been contracted to complete a program of geotechnical drilling at Cuiú Cuiú consisting of an initial 16 diamond-drill holes and 30 power-auger holes. The drill rig has arrived on site and drilling has commenced. A LIDAR topographic survey was recently completed on site and will be used to accurately design the construction of the mine and associated infrastructure.ewick Brazil Inc. ("Deswick") has been contracted to complete a mine plan as part of the trialmining pre-fe asibility study ("PFS").

This work will be undertaken following the completion of both the current drill program and a revised resource estimate for the gold-in-oxide material. The commencement of the geotechnical drilling program and the arrival of a second rig on site is an important step forward, as is the completion of the LIDAR topographic survey which will provide critical input into the design of the mine and the layout of the associated processing infrastructure. In addition, the excellent initial drill results from the program of RC drilling at the MG and Central gold deposits has provided further confirmation that high grades occur within the near surface oxide blanket and underlying saprolite mineralized material, both of which are expected to be free digging.

Update regarding Pre-feasibility Study. The Company is making good progress on a 43-101 compliant PFS regarding the economic viability of mining and heap leach processing of the gold-in- oxide material at the Central and MG gold deposits at Cuiú Cuiú. The Company has contracted Ausenco do Brasil Engenharia Ltda ("Ausenco") to complete the study.

The Company is currently conducting a program of RC drilling at both the MG and Central deposits as part of the PFS. Initial results have been highly encouraging and include 27m @ 1.9 g/t from surface at MG and Central deposits as part the PFS. Initial results has been highly encouraging and include 27 m @ 1.9 g/T from surface at MG and 16m @ 5.2 g/t gold from 7m depth at Central.

In addition, results are pending on 12 holes which have been completed at the Machichie target, where previous drilling suggests the presence of a significant gold discovery. Previous drilling in the weathered oxide material returned values up to 34m @ 5.4 g/t gold from 0 to 34m depth including 13m @ 13.4 g/t gold From 18 to 31m depth. These studies are designed to better understand the leaching characteristics of the entire resource base as well as the scalability, optimal cement-ore ratios, agglomeration and compaction-permeability tests on samples for various potential stack heights.

These studies are designed to best understand the leaching characteristics of The entire resource base as well as The scalability, optimal cement-or ratios, agglomeration & compaction-permeability test on samples for various potential stack height. Pronorte has been contracted to complete a programs aimed at understanding the overall ground conditions at Cuiú Cuiú -drill drilling aimed at understanding the erection of the heap leaching characteristics of the heap leach pads, the agglomeration and ADR plants and associated infrastructure. A total of the heap leaching characteristics.