Drilling At The Machichie West Target

VANCOUVER - Cabral Gold Inc. reported on initial reconnaissance RC holes drilled at the Machichie West target within the Cuiú Cuiú gold district. RC439 returned 10m @ 3.00 g/t gold from 11m depth in weathered saprolite including 5m @ 5.37 g/t gold from 13m depth. RC427 returned 13m @ 1.00 g/t gold from 19m depth in weathered saprolite, including 2m @ 4.80 g/t gold. RC430 returned 8m @ 0.36 g/t gold from surface in blanket sediments followed by 9m @ 0.27 g/t gold in weathered saprolite. The hole also intersected 8m @ 0.60 g/t gold from 26.0m depth including 1m @ 3.78 g/t gold in hard rock.

These RC results from Machichie West suggest the presence of additional mineralized structures which have not been previously recognized which could in the near-term provide additional near surface oxide material for the trial mining and heap leach processing operation which is currently the subject of the ongoing PFS study

Alan Carter, President and CEO, said, "The Machichie West target has never been previously tested by drilling, but previous trenching produced encouraging results including 96.5m @ 0.6 g/t gold and 138m @ 0.5 g/t gold. Following the recent success of near-surface drilling at the Machichie NE target where RC421 recently returned 11m @ 33 g/t gold, this maiden reconnaissance drill program at Machichie West was designed to follow up surface trench results and define the near surface potential for additional oxide resources. The results from hole RC439 look particularly encouraging and may indicate the presence of another new zone of gold mineralization which extends to surface. As with recent results from the Machichie Main and Machichie NE zones, these results indicate the presence of additional near surface gold-in-oxide mineralization in close proximity to the MG gold deposit."