The TSX Venture Exchange has accepted for filing documentation in connection with an arrangement agreement dated March 7, 2023, between Cerrado Gold Inc. and Voyager Metals Inc., pursuant to which Cerrado acquired all of the issued and outstanding common shares of Voyager that it did not already own by way of a plan of arrangement under the Business Corporations Act (Ontario). Under the terms of the arrangement, each former shareholder of Voyager, other than Cerrado, is entitled to receive one-sixth of one Cerrado share for each outstanding Voyager share. Additionally, all outstanding options and warrants of Voyager will be exchanged into securities of Cerrado in accordance with the terms of the arrangement.

The exchange has been advised that the Ontario Superior Court of Justice granted a final order with respect to the arrangement on May 26, 2023. The arrangement was completed on May 31, 2023. For further details, refer to Voyager's management information circular dated April 19, 2023, which is available under Voyager's profile on SEDAR, and Cerrado's news releases dated March 7, 2023, and May 31, 2023.