Cabral Gold

Cabral Gold is (TSX-V: CBR) (OTC: CBGZF) currently focused on completing a Pre-Feasibility Study on the gold-in-oxide material at its district-scale Cuiú Cuiú gold district located within the Tapajos region of Para state, Brazil. The Cuiú Cuiú district was the largest placer gold camp during the Tapajos gold rush and produced an estimated 2Moz of placer gold. GMining recently completed the construction of the adjacent TZ gold mine which is set to become Brazil's third largest gold mine. The Cabral team was responsible for the discovery of TZ. Cuiú Cuiú historically produced 10x more placer gold than TZ and has a gold-in-soil anomaly several times larger than TZ.

Thus far the Company has identified two gold deposits at Cuiú Cuiú with 43-101 Indicated and Inferred resources of 1.2Moz. Both deposits are open in several directions. The Company has also discovered two new gold deposits at PDM and Machichie but additional drilling is required to determine resources. In May 2024 the Company also announced it had drilled 11m @ 33g/t gold at the Machichie North target.

The Company is currently focused on the completion of a PFS study on the gold-in-oxide material which is due in Q3 and, if positive, will form the basis of a construction decision for an initial Trial Mining - heap leach project. Cash from this initial operation will be used to fund an aggressive drill program aimed at expanding the much larger global gold resource.

Management Profile:

Alan Carter, President & CEO

Dr. Carter has a B.Sc. degree in Geology from the University of Nottingham, U.K. and a Ph.D. degree in gold geochemistry and structural geology from the University of Southampton, U.K. He spent 10 years living in South America and is fluent in Spanish, Portuguese and Italian. Dr. Carter has been directly involved in the discovery of 5 gold deposits, including 4 in Brazil one of which was the TZ gold deposit in which he previously held an NSR royalty. He was a co-founder of Magellan Minerals Inc. which was acquired by Anfield Gold Corp. in May 2016 and is now part of Equinox Gold. He founded Cabral Gold in late 2016 and took the Company public in November 2017.

What are your key goals for the next 3, 6 and 12 months?

3 Months

Completion of PFS

6 Months

Construction decision on Trial Mining / Heap Leach of oxide material

12 Months

Construction in process. Expansion of oxide and hard rock resource base

What do you think makes your company such a compelling investment?

Cabral's Cuiu Cuiu project is immediately adjacent to GMining's +2Moz $500M TZ project which is scheduled to enter commercial production in the second half of 2024 and will be Brazil's third largest gold mine. The Cabral team was responsible for the TZ discovery. Cuiu Cuiu produced 10x more placer gold than TZ during the Tapajos gold rush and has a gold-in-soil anomaly which is several times larger. Cuiu Cuiu also has more than +45 gold targets outside the known gold deposits compared with 5 at TZ. Cabral recently drilled 11m @ 33 g/t gold at the Machichie NE target.

The Company is currently drilling and is completing a PFS on the gold-in-oxide mineralization at Cuiu Cuiu which should allow for gold production in the short term and should generate sufficient cash to allow for a greatly expanded drill program aimed at expanding the current global resource base. The CEO is also one of the largest shareholders and thus far has personally invested $1.95M into the Company so management is aligned with shareholders.