Cabral Gold Inc. announced a non-brokered private placement of up to 12,500,000 units at an issue price of CAD 0.16 per unit for the gross proceeds of CAD 2,000,000 on April 9, 2024. Each Unit will consist of one common share and one-half of one common share purchase warrant. .

Each Warrant will entitle the holder to purchase one Common Share at an exercise price of CAD 0.24 for two years following the date of closing of the Private Placement. The company may finder's fees in connection with the Private Placement. Finders will be paid a cash commission equal to up to 6.0% of the gross proceeds of the Private Placement.

the securities issued pursuant to the Private Placement will be subject to a four-month hold period from the Closing Date. Completion of the Private Placement and the payment of any finder's fees will be subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.