Mr. Alan Carter reports

CABRAL GOLD ANNOUNCES CLOSING OF $20 MILLION BOUGHT DEAL FINANCING

Cabral Gold Inc. has closed its previously announced offering, on a bought deal basis, of 21,055,000 common shares of the company at a price of 95 cents per common share for gross proceeds of $20,002,250.

The offering was completed pursuant to an underwriting agreement entered into among the company, Stifel Nicolaus Canada Inc. as sole bookrunner and lead underwriter, and Paradigm Capital Inc. In consideration for the services rendered by the underwriters in connection with the offering, the company paid a cash commission of $1,200,135 to the underwriters, representing 6.0 per cent of the gross proceeds of the offering. The previously announced overallotment option has not been exercised as of the date of this news release, and may be exercised, in whole or in part, at any time up to 30 days following the closing of the offering.

The common shares were offered by way of a prospectus supplement dated March 27, 2026, in each of the provinces and territories of Canada (other than Quebec), in the United States to qualified institutional buyers pursuant to Rule 144A under the U.S. Securities Act of 1933, as amended, and in other jurisdictions outside of Canada and the United States provided that no prospectus filing or comparable obligation arises. The prospectus supplement and the corresponding base shelf prospectus dated April 4, 2025, and the documents incorporated by reference therein, are available electronically under the company's profile on SEDAR+.

The company intends to use the net proceeds of the offering for the exploration and development of its mineral properties, and for general working capital purposes. No new insiders and/or new control persons, as such terms are defined in the policies of the TSX Venture Exchange, were created at the closing of the offering.

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-compliant indicated resources of 12.29 million tonnes of 1.14 grams per tonne gold (450,200 ounces) in fresh basement material and 13.56 Mt of 0.50 g/t gold (216,182 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 6.4 Mt of 0.34 g/t gold (70,569 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 at PDM and MG is based on an NI 43-101 technical report dated Oct. 21, 2024. The resource estimate for the oxide material at Central and Machichie is based on an NI 43-101 technical report (updated prefeasibility study) dated July 29, 2025.

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 workings in the Tapajos and produced an estimated two million ounces of placer gold historically.

We seek Safe Harbor.