Announcement • Sep 11

Cabral Gold Inc. Announces First Gold Pour At Phase 1 Cuiú Cuiú Mine In Brazil

Cabral Gold Inc. has announced the first gold pour at Cabral's 100% owned Phase 1 Cuiú Cuiú mine in Brazil. Commissioning of the dry circuit at the Cuiú Cuiú mine was completed in July 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 oz of gold. In achieving this significant milestone, the Cuiú Cuiú mine has become the newest producing gold mine in Brazil. Cabral is now focused on ramping up mining and ore stacking operations at Cuiú Cuiú, 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. The completed Phase 1 operation includes several low-cost, readily available expansion opportunities that are being assessed. It also provides an operating base, along with valuable local project development and construction experience, that should simplify and de-risk the planned expansion into the significant hard rock Phase 2 component of the development strategy. The Company has a 100% interest in the Cuiú Cuiú gold district located in the Tapajós Region, within the state of Pará in northern Brazil. Three main gold deposits have so far been defined at the Cuiú Cuiú project which contain National Instrument 43-101 compliant Indicated resources of 12.29Mt @ 1.14 g/t gold (450,200oz) in fresh basement material and 13.56Mt @ 0.50 g/t gold (216,182oz) in oxide material. The project also contains Inferred resources of 13.63Mt @ 1.04 g/t gold (455,100oz) in fresh basement material and 6.4Mt @ 0.34 g/t gold (70,569oz) in oxide material. The resource estimate for the primary material is based on the NI 43-101 technical report dated October 12, 2022. The resource estimate for the oxide material at PDM and MG is based on a NI 43-101 technical report dated October 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 Tapajós Gold Province is the site of the largest gold rush in Brazil's history which according to the ANM (Agência Nacional de Mineração or National Mining Agency of Brazil) produced an estimated 30 to 50 million ounces of placer gold between 1978 and 1995. Cuiú Cuiú was the largest area of placer workings in the Tapajós and produced an estimated 2Moz of placer gold historically. Technical information included in this release was supervised and approved by Brian Arkell, B.S. Geology and M.S. 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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Cabral Gold Inc. Announces First Gold Pour At Phase 1 Cuiú Cuiú Mine In Brazil

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