Seven Additional RC Drill Holes At Machichie NE Target

VANCOUVER - Cabral Gold Inc. reported on seven additional RC drill holes at the Machichie NE target, Cuiú Cuiú Gold District, Brazil. RC520 drilled at the Machichie NE target returned 12m @ 27.7 g/t gold from 42m depth in saprolite and weathered and altered bedrock including 5m @ 65.5 g/t gold from 49m depth. This interval is contained within a wider mineralized zone which averages 22m @ 15.9 g/t gold. Previous drilling at Machichie NE has returned some excellent drill results including RC421 which intersected 11m @ 33.0 g/t gold including 4m @ 89.3 g/t gold, RC449 which returned 6m @ 13.3 g/t gold including 1m @ 77.5 g/t gold and DDH331 which returned 5m @ 24.5 g/t gold including 2m @ 60.5 g/t gold.

The high-grade intercept of 12m @ 27.7 g/t gold in RC520, together with previous holes, including RC0421, RC0449 and DDH331, indicate that the mineralized zone extends approximately 200m along strike. The mineralized zone remains open in all directions and at depth and trends NW-SE. Other notable drill intercepts reported here include 4m @ 1.17 g/t gold and 4m @ 0.85 g/t gold in RC512 and 2m @ 4.61 g/t gold in RC514.

Alan Carter, President and CEO, said, "These results from RC520 (12m @ 27.7 g/t gold) are amongst the best drill results we have ever received from any target at Cuiú Cuiú, and are further confirmation that a significant zone of bonanza-grade gold mineralization exists at Machichie NE.

The mineralized zone, which remains open at depth and along strike, is located just 150m NE of the Machichie Main discovery and 650m north of the MG gold deposit. These results (12m @ 27.7 g/t gold) follow previous drill results at Machichie NE which include 11m @ 33.0 g/t gold, 6m @ 13.3 g/t gold, and 5m @ 24.5 g/t gold. We will continue to aggressively explore the 50+ targets at Cuiú Cuiú where we have gold in boulder fields, trenches and drill holes, whilst advancing our starter gold-in-oxide project which is targeting gold-in-oxide saprolite material. Given the plethora of high-grade values at numerous other targets at Cuiú Cuiú, we expect to make further high-grade discoveries similar to Machichie NE."