Vancouver, British Columbia–(Newsfile Corp. – August 13, 2026) –Cabral Gold Inc. (TSXV: CBR) (OTCQX: CBGZF)(“Cabral” or the“Company“) is pleased to provide an update on construction and commissioning activities at its Phase 1 gold-in-oxide heap leach project at the Cuiú Cuiú Gold District, Brazil.

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Highlights

• Construction of the wet processing circuit at Cuiú Cuiú is more than 90% complete. The ADR leach processing plant has arrived on site and mechanical assembly has been completed. Electrical installation is over 90% complete. Commissioning is in progress
• Cabral has received the Operating License from SEMAS/PA and the mining of gold-in-oxide ore and stacking on the first pad is in process. Irrigation is expected to commence in the next few days
• First gold production is now targeting September, an estimated 6 weeks ahead of schedule. Commissioning is expected to be completed during late September with ramp up to full production planned during Q4 2026
• The project experienced its first Lost Time Incident, resulting in a non-critical injury to a contractor. The project’s Owners’ team and Contractors have so far worked a total of 592,380 hours with a Lost Time Injury Rate of 0.34
• A total of 312 employees and contractors are currently on site on the construction project (excluding the off-site engineering team and Cabral’s in-country exploration and administrative team), of which 100% of employees and contractors are Brazilian and approximately 67% are from the state of Pará.

Alan Carter, Cabral’s President and CEO, commented,

“We have continued to make excellent progress on the construction of our Phase 1 gold-in-oxide heap leach project at Cuiú Cuiú during the last few weeks.

 

“I am particularly pleased that we have received our Operating License together with the cyanide permit. Mechanical assembly of the ADR plant is also now complete which represents another major milestone.

 

“The focus regarding commissioning has now moved from the dry to the wet processing circuit and we now expect to produce our first gold 6 weeks ahead of schedule with commercial gold production expected during the fourth quarter of this year.

 

“Whilst we did record our first LTI on site during 2026, it was a non-critical injury and the individual is making a good recovery.

 

“Our commitment to the safety of our staff remains of the utmost importance despite the challenges that come with a rapid development timeline, difficult weather conditions at times, and a new construction workforce.”