Cabral Gold Appoints Luiz Celaro as Construction Manager for Cuiú Cuiú Gold Project

Cabral Gold Appoints Luiz Celaro as

Construction Manager for Cuiú Cuiú Gold

Project

Vancouver, British Columbia--(Newsfile Corp. - May 15, 2025) -

Cabral Gold Inc.

(TSXV: CBR) (OTC

Pink: CBGZF) ("Cabral" or the

"

Company

"

)

is pleased to announce that it has appointed Mr. Luiz

Celaro as Construction Manager for the Cuiú Cuiú heap leach starter project, effective immediately.

Alan Carter, Cabral's President and CEO, commented

, "We are very pleased that Luiz has elected to

join our team. He brings a wealth of valuable expertise and experience in terms of building and

operating both large and small mining projects in Brazil, particularly heap leach gold projects. His

appointment marks another important step in our transition from a junior exploration focused

company to a junior producer. We look forward to working with Luiz to deliver the updated PFS, and an

anticipated construction decision for our initial heap leach starter project, in the next few months."

Luiz Celaro is a mining engineer with an MBA in Environmental Management, and has experience and

expertise in project leadership, construction, and operations in the mining and metals sector. He has

previously held various positions at Vale, including Vice President based in New York. Luiz has

managed seven gold mining projects of varying scales, including six on mine construction projects,

several of which were heap leach gold projects. With a track record of driving large-scale mining projects

to completion across Brazil, Mozambique, and Guyana, Luiz is experienced in leading teams and

optimizing operations to deliver projects on time and within budget, while ensuring compliance with

safety, environmental, and social standards.

Mr. Celaro was educated at the University of Nottingham, UK and the Universidade Federal do Rio

Grande do Sul. Brazil. He also has an MBA in Environmental Management from the Fundação Getulio

Vargas, Brazil.

Mr. Celaro has extensive experience of building and operating heap leach gold projects in tropical

environments. Specifically, he was the Senior Construction Manager at the Amapari project in northern

Brazil, which at that time (2004 - 2006) was the largest heap leach gold project in Brazil. In addition, he

was the Project Director at the Aurizona gold project (now owned by Equinox Gold) from mid-2006 until

early 2010. More recently he was the Director for Fides Mining, a private Brazilian company, which

developed and operated the Mina União heap leach gold project near Peixoto in northern Matto Grosso.

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 11.11Mt @ 0.48 g/t gold (171,883oz) in oxide material. The

project also contains Inferred resources of 13.63Mt @ 1.04 g/t gold (455,100oz) in fresh basement

material and 12.22Mt @ 0.39 g/t gold (151,608oz) 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 is based on an NI 43-101 compliant estimate released on October 21,

2024.

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

gold workings in the Tapajós and produced an estimated 2Moz of placer gold historically.

FOR FURTHER INFORMATION PLEASE CONTACT:

"Alan Carter"

President and Chief Executive Officer

Cabral Gold Inc.

Tel: 604.676.5660

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in

the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release.

Forward-looking Statements

This news release contains certain forward-looking information and forward-looking statements within

the meaning of applicable securities legislation (collectively "forward-looking statements").

The use of

the words "will", "expected" and similar expressions are intended to identify forward-looking

statements.

These statements involve known and unknown risks, uncertainties and other factors that

may cause actual results or events to differ materially from those anticipated in such forward-looking

statements.

Such forward-looking statements should not be unduly relied upon. The Company

believes the expectations reflected in those forward-looking statements are reasonable, but no

assurance can be given that these expectations will prove to be correct.

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https://www.newsfilecorp.com/release/252238