Cabral Gold Expands The Gold-In-Oxide Blanket At PDM By 50% And Discovers Two New Zones Of Primary Gold Mineralization At The PDM Target, Cuiu Cuiu Gold District
Drill Hole # | Weathering | | From | To (m) (m) | Thickness (m) | Grade g/t gold |
RC0573 | Blanket | | 0.00 | 10.00 | 10.00 | 0.17 |
| Saprolite | | 10.00 | 15.00 | 5.00 | 0.12 |
| | | 26.00 | 37.00 | 11.00 | 0.88 |
| | EOH 77.50 | | | | |
RC0574 | Blanket | | 0.00 | 9.00 | 9.00 | 0.45 |
| | Incl. | 7.00 | 9.00 | 2.00 | 1.06 |
| Saprolite | | 9.00 | 12.00 | 3.00 | 0.54 |
| | | 23.00 | 24.00 | 1.00 | 0.53 |
| | EOH 77.00 | | | | |
RC0575 | Blanket | | 0.00 | 10.00 | 10.00 | 0.39 |
| | Incl. | 7.00 | 9.00 | 2.00 | 0.93 |
| Saprolite | | 10.00 | 16.00 | 6.00 | 0.24 |
| | EOH 76.00 | | | | |
RC0576 | Blanket | | 0.00 | 10.00 | 10.00 | 0.29 |
| Saprolite | | 10.00 | 12.00 | 2.00 | 0.13 |
| | | 23.00 | 24.00 | 1.00 | 0.59 |
| | | 26.00 | 27.00 | 1.00 | 0.35 |
| | EOH 73.00 | | | | |
RC0579 | Blanket | | 0.00 | 9.00 | 9.00 | 0.22 |
| Saprolite | | 9.00 | 15.00 | 6.00 | 2.74 |
| | Incl. | 10.00 | 11.00 | 1.00 | 13.06 |
| | | 19.00 | 20.00 | 1.00 | 0.71 |
| | EOH 82.00 | | | | |
RC0580 | Blanket | | 0.00 | 6.00 | 6.00 | 0.14 |
| Saprolite | | 6.00 | 9.00 | 3.00 | 0.44 |
| | | 21.00 | 22.00 | 1.00 | 3.80 |
| | EOH 62.00 | | | | |
RC0582 | Blanket | | 1.00 | 4.00 | 3.00 | 0.43 |
| | EOH 74.00 | | | | |
RC0583 | Blanket | | 0.00 | 4.00 | 4.00 | 0.24 |
| Saprolite | | 11.00 | 17.00 | 6.00 | 1.46 |
| | Incl. | 11.00 | 12.00 | 1.00 | 7.98 |
| | | 28.00 | 29.00 | 1.00 | 0.84 |
| | | 41.00 | 42.00 | 1.00 | 0.39 |
| | EOH 62.00 | | | | |
RC0584 | Blanket | | 0.00 | 4.00 | 4.00 | 0.44 |
| | EOH 73.00 | | | | |
RC0585 | Blanket | | 0.00 | 10.00 | 10.00 | 0.19 |
| Saprolite | | 19.00 | 20.00 | 1.00 | 0.65 |
| | EOH 61.00 | | | | |
DDH334 | Blanket | | 0.00 | 9.00 | 9.00 | 0.50 |
| Saprolite | | 21.00 | 25.00 | 4.00 | 0.45 |
| | | 26.50 | 30.50 | 4.00 | 1.17 |
| | | 41.00 | 46.00 | 5.00 | 1.96 |
| | Incl. | 41.00 | 42.00 | 1.00 | 9.08 |
| | | 49.00 | 50.00 | 1.00 | 0.42 |
| | EOH 78.00 | | | | |
DDH335 | Blanket | | 0.00 | 11.00 | 11.00 | 0.28 |
| Fresh Rock | | 104.70 | 105.70 | 1.00 | 0.46 |
| | | 123.25 | 126.00 | 2.75 | 3.05 |
| | EOH 152.90 | | | | |
DDH336 | Blanket | | 0.00 | 6.10 | 6.10 | 0.34 |
| Saprolite | | 6.10 | 8.00 | 1.90 | 0.23 |
| | | 22.00 | 32.00 | 10.00 | 0.29 |
| | | 38.00 | 39.00 | 1.00 | 0.36 |
| | EOH 136.60 | | | | |
DDH337 | Blanket | | 0.00 | 10.30 | 10.30 | 0.23 |
| Saprolite | | 10.30 | 23.00 | 12.70 | 0.50 |
| | | 42.00 | 42.50 | 0.50 | 0.53 |
| Fresh Rock | | 89.50 | 90.65 | 1.15 | 0.37 |
| | EOH 127.75 | EOH | 127.75 | | |
DDH338 | Blanket | | 0.00 | 13.00 | 13.00 | 0.54 |
| | | 7.40 | 8.80 | 1.40 | 3.17 |
| Fresh Rock | | 75.90 | 89.00 | 13.10 | 0.16 |
| | Incl. | 82.70 | 83.20 | 0.50 | 2.06 |
| | | 111.55 | 114.00 | 2.45 | 0.83 |
| | EOH 228.85 | | | | |
DDH339 | Blanket | | 2.90 | 4.35 | 1.45 | 0.31 |
| Saprolite | | 75.00 | 76.00 | 1.00 | 0.89 |
| | EOH 147.4 | | | | |
DDH340 | Blanket | | 0.00 | 15.00 | 15.00 | 0.22 |
| Saprolite | | 27.00 | 29.00 | 2.00 | 1.01 |
| | | 45.00 | 47.00 | 2.00 | 0.33 |
| | | 78.00 | 80.15 | 2.15 | 0.27 |
| | EOH 153.3 | | | | |
Table 1: Drill results from RC drill holes RC573 to RC576, RC579, RC580, RC582 to RC585
and diamond drill holes DDH334 to DDH340 at the PDM target
Update on Construction Financing
Management continues to focus on securing the necessary construction financing for its gold-in-oxide starter operation at Cuiú Cuiú aimed at leaching the near surface mineralized saprolite and soil material. As per the Updated PFS study of July 29, 2025, the construction capex is US$37.7M and the post-tax IRR is 78% with an NPV of US$73.9M with a payback of 10 months based on the base case gold price of US$2,500 per oz. The All-in sustaining costs (AISC) are $1,210 / oz of gold produced.
In parallel with our work on securing the construction financing, we are continuing our work on completing the detailed engineering for the project. At the same time, we are building out our construction and operating team under Luiz Celaro, our recently appointed Construction Manager.
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% 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 ("NI") 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 NI43-101 technical report ("Updated PFS") dated July 29, 2025.
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.

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