Cabral Gold arranges $20 million bought deal financing to fund Cuiu Cuiu gold district project, northern Brazil 

Cabral Gold Inc. [TSXV: CBR; OTC: CBGZF; FRA: C3J] has entered into an agreement with Stifel Canada, as sole bookrunner and on behalf of a syndicate of underwriters, pursuant to which the underwriters have agreed to purchase, on a bought deal basis, 21,055,000 common shares of the company at a price of 95 cents per common share for gross proceeds of $20,002,250.

The company has agreed to grant the underwriters an overallotment option to purchase up to an additional 3,158,250 common shares (representing 15% of the number of common shares to be sold pursuant to the offering) at the offering price, exercisable in whole or in part, at any time and from time to time on or prior to the date that is 30 days following the closing of the offering to cover overallotments, if any, and for market stabilization purposes. If this option is exercised in full, an additional approximately $3 million in gross proceeds will be raised pursuant to the offering and the aggregate gross proceeds of the offering will be approximately $23 million.

Alan Carter, Cabral’s president and CEO commented: “Following recent positive drill results from the Jerimum Cima target, including 9.5 metres at 87.4 g/t gold, the company has elected to expand its exploration drill program within the Cuiu Cuiu district, Brazil. This bought deal financing will allow us to add more drill rigs to the current exploration program and drill the Jerimum Cima discovery as well as several other gold discoveries within the district.

“The objective of the drill program will be to accelerate the growth of the indicated and inferred resources within the district, particularly in the primary hard rock material which is expected to be the basis of the phase 2 development at Cuiu Cuiu. The phase 1 gold-in-oxide project remains on schedule and on budget with commercial gold production expected in Q4 2026.”

The common shares will be offered by way of a prospectus supplement to be filed in each of the provinces and territories of Canada, other than Quebec, and in the United States on a private placement basis, and other jurisdictions outside of Canada and the United States provided that no prospectus filing or comparable obligation arises.

The company intends to use the net proceeds of the offering for the exploration and development of its mineral properties, and for general working capital purposes. The offering is scheduled to close around April 2, 2026, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals.

The company has a primary focus on gold properties located in Brazil. The company has a 100% interest in the Cuiu Cuiu gold district in the Tapajos region, within the state of Para, northern Brazil. Three main gold deposits have so far been defined at the Cuiu Cuiu project which containI 43-101-compliant indicated resources of 12.29 Mt (million tonnes) at 1.14 g/t gold (450,200 ounces) in fresh basement material and 13.56 Mt at 0.50 g/t gold (216,182 oz) in oxide material.

The project also contains inferred resources of 13.63 Mt at 1.04 g/t gold (455,100 oz) in fresh basement material and 6.4 Mt at 0.34 g/t gold (70,569 oz) in oxide material. The resource estimate for the primary material is based on the NI 43-101 technical report dated Oct. 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 an NI 43-101 technical report (updated PFS) dated July 29, 2025.