Mr. Alan Carter reports

CABRAL GOLD DRILLS 3M @ 15.9 G/T GOLD AND DISCOVERS NEW MINERALIZED ZONE AT THE MACHICHIE MAIN GOLD DEPOSIT, CUIU CUIU GOLD DISTRICT, BRAZIL

Cabral Gold Inc. has released the results from 11 additional reverse circulation (RC) drill holes and two trenches at the Machichie Main gold deposit within the Cuiu Cuiu gold district, Brazil.

Highlights:

• Drill hole RC0515 returned 10 metres (m) at 2.2 grams per tonne (g/t) gold from surface and three m at 15.9 g/t gold from 16 m depth within weathered gold-in-oxide material (saprolite). The hole also intersected 11 m at 0.9 g/t gold in fresh rock from 31 m depth.
• Drill hole RC0504, drilled at the Machichie Main gold deposit at Cuiu Cuiu, returned 12 m at 3.1 g/t gold, including three m at 11.2 g/t gold, in weathered gold-in-oxide material at surface.
• The drill result from RC504 indicates the presence of a new previously unrecognized mineralized zone located 40 m north of the main mineralized structure at Machichie Main. The new zone is open to the east and west, and will require further drilling.
• Additional drill results from Machichie Main include seven m at 2.8 g/t gold, including two m at 7.5 g/t gold, in RC502, and 15 m at 1.5 g/t gold in RC506. Other notable results included six m at 0.9 g/t gold from RC508, five m at 1.2 g/t gold from RC511 and two m at 6.6 g/t gold from RC519.
• Trench CT054 also returned 13 m at 2.3 g/t gold in saprolite material on surface, including five m at 5.8 g/t gold.

Alan Carter, Cabral's president and chief executive officer, commented: "The identification of a new and previously unrecognized parallel zone of mineralization at Machichie Main is a very positive development. Together with the other new drill and trench results released today, this underlines the potential of the Machichie Main deposit to make a meaningful contribution to the near-term development plans for the gold-in-oxide material at Cuiu Cuiu, as well as the global resource base within the district. The trench results are again significant because they confirm the presence of excellent grades within gold-in-oxide material at surface. This bodes very well for our efforts to upgrade the inferred resources at Machichie Main and significantly updating the PFS study released in October, 2024."

Machichie Main trench and drill results

The Machichie Main zone is an east-west-trending zone of gold mineralization that is located 500 m north of the MG gold deposit. As with the MG and Central gold deposits, the zone of primary mineralization within intrusive rocks is overlain by an extensive weathered layer consisting of near-surface sediments and underlying saprolite (weathered intrusive rock). Both types of material are considered gold-in-oxide material. A preliminary inferred resource estimate of 3.73 million tonnes at 0.5 g/t gold was calculated for the gold-in-oxide material only at Machichie Main and was released in October, 2024 (see news release dated Oct. 21, 2024).

The main objective of the current program is to upgrade a significant portion of the current inferred resources to indicated status so they can be included in the mine plan for the heap leach starter operation. The current program of drilling and trenching is also aimed at shedding light on the underlying primary mineralized zone in the intrusive rocks and collecting additional material for a series of metallurgical column-leach tests.

Results have been received on two additional trenches which have been developed recently at Machichie Main to obtain samples for metallurgical testing and further define mineralization in the oxide zone. Results have previously been received on two trenches, with trench CT051 returning 20 m at 3.6 g/t gold, including four m at 15.7 g/t gold, in weathered gold-in-oxide saprolite material (see news release dated March 13, 2025).

Results were received on trench CT054, which was excavated 225 m east of CT051 and returned 13 m at 2.3 g/t gold in saprolite material, including five m at 5.8 g/t gold. Mineralization is open to the north and south. A second trench was taken 25 m to the east of CT054 on section 553180E and returned 10 m at 0.31 g/t gold.

These trench results continue to confirm the presence of significant high-grade gold mineralization within gold-in-oxide material at Machichie Main and bode well for the possible inclusion of additional indicated resources from Machichie Main into an updated mine plan for the heap leach starter operation at Cuiu Cuiu.

Results were received on 11 RC drill holes (RC502, RC504 to RC509, RC511, RC513, RC515 and RC519) at Machichie Main. All of the holes were again drilled on the margins of the gold-in-oxide zone to determine the extent of the near-surface mineralization and, apart from one hole, they all intersected multiple zones of mineralization (see the attached table 1).

Several of the holes cut significant intercepts within the gold-in-oxide material -- for example: 12 m at 3.1 g/t gold from surface, including three m at 11.2 g/t gold, in RC504; three m at 1.3 g/t gold in RC508; three m at 1.0 g/t gold in RC511; 10 m at 2.2 g/t gold and three m at 15.9 g/t gold in RC515; and three m at 2.3 g/t gold in RC519.

Excellent results were returned from the underlying primary intrusive material with seven m at 2.8 g/t gold, including two m at 7.5 g/t gold, in RC502, and 15 m at 1.5 g/t gold in RC506. Other notable results included six m at 0.9 g/t gold from RC508, five m at 1.2 g/t gold from RC511, 11 m at 0.9 g/t gold from RC515 and two m at 6.6 g/t gold in RC519.

Hole RC515 was drilled on the same section at trench CT051, which recently returned 20 m at 3.6 g/t gold, including four m at 15.7 g/t gold in gold-in-oxide material (see news release dated March 13, 2025). The mineralized interval intersected in RC515, 10 m at 2.2 g/t gold and three m at 15.9 g/t gold, from 16 m depth, is almost certainly the same mineralized zone intersected in trench CT051 (see the attached table).

Hole RC504 is of particular significance as it was drilled on the extreme northern end of section 553060E, where a previous diamond drill hole, DDH303, was drilled from the south and intersected the main mineralized zone at depth, returning 6.4 m at 11.6 g/t gold (see news release dated Aug. 25, 2022). RC504, however, was drilled from the north and cut a previously unrecognized zone in saprolite, returning 12 m at 3.1 g/t gold from surface, including three m at 11.2 g/t gold (see the attached table). This zone is interpreted to be a new mineralized structure located parallel to and 40 to 50 m north of the main mineralized zone at Machichie Main. The zone remains open to the east west and at depth, and will require further drilling.

RC drilling with two rigs continues, with results pending on an additional 29 holes.

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. Three main gold deposits have so far been defined at the Cuiu Cuiu project, containing National Instrument 43-101-compliant indicated resources of 12.29 million tonnes at 1.14 g/t gold (450,200 ounces (oz)) in fresh basement material and 11.11 million tonnes at 0.48 g/t gold (171,883 oz) in oxide material. The project also contains inferred resources of 13.63 million tonnes at 1.04 g/t gold (455,100 oz) in fresh basement material and 12.22 million tonnes at 0.39 g/t gold (151,608 oz) in oxide material. The resource estimate for the primary material is based on the NI 43-101 technical report dated Oct. 12, 2022. The resource estimate for the oxide material is based on an NI 43-101-compliant estimate released on Oct. 21, 2024.

The Tapajos gold province is the site of the largest gold rush in Brazil's history, which, according to the ANM (Agencia Nacional de Mineracao or National Mining Agency of Brazil), produced an estimated 30 million to 50 million ounces of placer gold between 1978 and 1995. Cuiu Cuiu was the largest area of placer gold workings in the Tapajos and produced an estimated two million oz of placer gold historically.

Technical information included in this news release was supervised and approved by Brian Arkell, BS, geology, and MS, economic geology, SME (registered member), AusIMM (fellow) and SEG (fellow), Cabral Gold's vice-president, exploration and technical services, and a qualified person under NI 43-101.

Gold analysis has been conducted by SGS method FAA505 (fire assay of 50-gram charge), with higher-grade samples checked by FAA525. Analytical quality is monitored by certified references and blanks. Until dispatch, samples are stored under the supervision the company's exploration office. The samples are couriered to the assay laboratory using a commercial contractor. Pulps are returned to the company and archived. Drill holes results are quoted as downhole length weighted intersections.

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