Mr. Alan Carter reports

CABRAL GOLD ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING

All resolutions were passed at Cabral Gold Inc.'s annual general meeting of shareholders held in Vancouver on Sept. 26, 2023.

All of the nominees for election as directors of the company listed in the company's information circular dated Aug. 18, 2023, were re-elected for the ensuing year and the number of directors was fixed at six. Alan Carter, Mark Smith, Sami Arap, Jonathan Gilligan, Ian Gendall and Lawrence Lepard were all re-elected as directors of the company.

DeVisser Gray was reappointed as auditor for the company for the ensuing year.

The company's omnibus equity compensation plan was also approved at the AGM. The omnibus plan includes the ability to issue stock options, restricted share units (RSUs), performance share units (PSUs) and deferred share units (DSUs, and together with options, RSUs, PSUs, the awards). The maximum number of common shares which may be issued in respect of awards (including awards granted pursuant to the RSU plan, as defined below) will not exceed 10 per cent of the total number of issued common shares at the time an award is granted. The omnibus plan has a rolling limit, as the number of common shares reserved for issuance pursuant to the grant of awards will automatically increase as the company's issued and outstanding share capital increases. Once approved by the TSX Venture Exchange, the omnibus plan will replace the company's existing stock option plan. Any options currently issued and outstanding pursuant to the company's existing stock option plan will continue to be exercisable but will be governed by the omnibus plan. Any RSUs currently issued and outstanding pursuant to the company's existing 2019 RSU plan will continue to be governed by the RSU plan; however, the RSU plan will be closed to any new grants and any new RSU grants will be governed by the omnibus plan.

A copy of the omnibus plan and further details are included in the company's management information circular prepared for the meeting and filed under the company's SEDAR+ profile.

The company notes that Karen Mate, an investor relations service provider through Capital Markets Advisory CA, holds an aggregate of 600,000 stock options of the company (200,000 options exercisable at 27 cents until July 21, 2025; 150,000 exercisable at 60 cents until Nov. 12, 2025; and 250,000 options exercisable at 51 cents until Aug. 30, 2026). For further information regarding the company's investor relations services agreement with Capital Markets Advisory CA please see the company's news release dated Aug. 15, 2023.

About Cabral Gold Inc.

The company is a junior resource company engaged in the identification, exploration and development of mineral properties, with a primary focus on gold properties located in Brazil. The company has a 100-per-cent interest in the Cuiu Cuiu gold district located in the Tapajos region, within the state of Para in northern Brazil. Two main gold deposits have so far been defined at the Cuiu Cuiu project which contains National Instrument 43-101 compliant indicated resources of 21.6 million tonnes at 0.87 gram per tonne gold (604,000 ounces) and inferred resources of 19.8 Mt at 0.84 g/t gold (534,500 oz).

The Tapajos gold province is the site of the largest gold rush in Brazil's history, producing an estimated 30 million to 50 million ounces of placer gold between 1978 and 1995. Cuiu Cuiu was the largest area of placer workings in the Tapajos and produced an estimated two Moz of placer gold historically.

We seek Safe Harbor.