Mr. Alan Carter reports

CABRAL GOLD ANNOUNCES UPSIZING OF BEST EFFORTS FINANCING TO $13 MILLION

Cabral Gold Corp. has entered into an amending agreement with Paradigm Capital Inc. as sole agent to increase the size of its previously announced best effort financing, pursuant to which the agent may arrange for the sale of up to 34,212,000 units of the company at a price of 38 cents per unit for gross proceeds of up to $13,000,560. Each unit will be composed of one common share in the capital of the company and one-half of one common share purchase warrant of the company. Each warrant will be exercisable to acquire one common share in the capital of the company for 24 months from the closing of the upsized offering at an exercise price of 56 cents per warrant share.

The company has granted the agent an option, exercisable, in whole or in part, for up to 30 days following the closing of the upsized offering, to sell the number of units equal to up to an additional 15 per cent of the units sold pursuant to the upsized offering at the offering price to cover overallotments, if any.

In all other respects, the terms of the upsized offering and the use of proceeds therefrom remain as previously disclosed in the company's press release dated April 23, 2025.

The units will be issued pursuant to a prospectus supplement to the company's short form base shelf prospectus dated April 4, 2025, that will be filed with the securities regulatory authorities in each of the provinces and territories of Canada, except Quebec.

Access to the prospectus supplement, base shelf prospectus and any amendments thereto is provided in accordance with applicable securities legislation relating to the procedures for providing access to a shelf prospectus supplement, a base shelf prospectus and any amendment. An electronic or paper copy of the base shelf prospectus and the prospectus supplement, when available, may be obtained, without charge, from the agent by e-mail at ecmofparadigmcap.com by providing the agent with an e-mail address or address, as applicable. Prospective investors should read the base shelf prospectus, prospectus supplement and the documents incorporated by reference therein, as filed by the company on SEDAR+, before making an investment decision.

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, which contain National Instrument 43-101 indicated resources of 12.29 million tonnes of 1.14 grams per tonne gold (450,200 ounces) in fresh basement material and 11.11 Mt of 0.48 g/t gold (171,883 oz) in oxide material. The project also contains inferred resources of 13.63 Mt of 1.04 g/t gold (455,100 oz) in fresh basement material and 12.22 Mt of 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 the NI 43-101 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 Tapajos and produced an estimated two million oz of placer gold historically.

We seek Safe Harbor.