Mr. Alan Carter reports

CABRAL GOLD ANNOUNCES FIRST GOLD POUR AT PHASE 1 MINE, CUIÚ CUIÚ GOLD DISTRICT, BRAZIL

Cabral Gold Inc. has obtained the first gold pour at Cabral's 100-per-cent-owned phase 1 Cuiu Cuiu mine in Brazil.

Commissioning of the dry circuit at the Cuiu Cuiu mine was completed in July, 2026 (see press release dated Aug. 13, 2026). Commissioning of the wet circuit is now nearing completion, well ahead of schedule. As part of this commissioning process, Cabral has successfully completed the first gold pour which produced approximately 1,130 ounces of gold.

In achieving this significant milestone, the Cuiu Cuiu mine has become the newest producing gold mine in Brazil and Cabral has joined the ranks of the industry's producers.

Cabral is now focused on ramping up mining and ore stacking operations at Cuiu Cuiu, targeting a stacking rate of 3,000 tonnes per day and commercial production by the end of 2026. Once through this ramp-up phase, Cabral expects to issue formal production guidance for the 2027 calendar year.

Alan Carter, president and chief executive officer, commented: "This pivotal moment for Cabral is the culmination of a lengthy process and is a first step in our journey aimed at unlocking the potential of the entire Cuiu Cuiu district. This achievement speaks to the discipline, execution capability and determination of our entire team, who have delivered the phase 1 heap leach operation ahead of schedule. We have moved from exploration and engineering through development and into production, creating value for our shareholders, local partners and communities, while maintaining our commitments to safety, environmental stewardship and local economic participation.

I would like to personally thank and congratulate every member of the team who helped make this milestone possible, particularly Luiz Celaro, our VP, operations, who has managed the construction process on site. Our focus now turns to ramping up to commercial production, optimizing recoveries and reducing unit costs. This milestone is only the beginning. We will continue to grow responsibly and focus on the creation of long-term benefits for our shareholders and our community."

John Sestan, vice-president, project development, of Cabral, commented: "It has been a privilege to lead our team of professionals taking the project from concept stage in 2023 to the first gold pour in under three years. Our phase 1 project, which processes gold-in-oxide material, has been shaped by continuous improvement and optimization while holding to a very tight schedule to first production and cash flow.

"The completed phase 1 operation includes several low-cost, readily available expansion opportunities that we are assessing. It also provides an operating base, along with valuable local project development and construction experience, that should simplify and derisk the planned expansion into the significant hard rock phase 2 component of our development strategy."

About Cabral Gold Inc.

The company is a junior resource company engaged in the exploration, development and near-term production from 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 Mt (million tonnes) at 1.14 g/t gold (450,200 oz) in fresh basement material and 13.56 Mt at 0.50 g/t gold (216,182 oz) in oxide material. The project also contains inferred resources of 13.63 Mt at 1.04 g/t gold (455,100 oz) in fresh basement material and 6.4 Mt at 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 a NI 43-101 technical report dated Oct. 21, 2024. The resource estimate for the oxide material at Central and Machichie is based on a NI 43-101 technical report (updated PFS) dated July 29, 2025. The company is currently engaged in the commissioning of its phase 1 gold-in-oxide heap leach operation based on the NI 43-101 technical report PFS.

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 Moz of placer gold historically.

Qualified person and technical information

Technical information included in this 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.

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