Additional Drill Holes In The Cuiu Cuiu Gold District

VANCOUVER - Cabral Gold Inc. reported on additional diamond-drill holes at the Machichie NE target, and seventeen RC holes targeting the gold-in-oxide mineralization at the Central gold deposit, Cuiú Cuiú Gold District, Brazil.

DDH331 at Machichie NE returned 1m @ 14.2 g/t gold from 44.5m depth and 5m @ 24.5 g/t gold from 82m depth in hard rock including 2m @ 60.5 g/t gold from 82m depth. DDH331 is another step-out hole from RC421 which was previously reported and intersected 11m @ 33.0 g/t gold including 4m @ 89.3 g/t gold. Drill hole RC0449 also intersected the same zone and returned 6m @ 13.3 g/t gold including 1m @ 77.5 g/t gold.

The high-grade intercept of 5m @ 24.5 g/t gold in DDH331, together with those previously reported from RC0421 and RC0449, extend the Machichie NE zone along strike to at least 200m. The zone remains open in all directions and at depth and trends NW-SE. RC drilling at Central was primarily conducted outside the current outline of the Central gold-in-oxide starter pit and is aimed at upgrading Inferred resources to Indicated resources. Results from recent drilling include 56m @ 0.85 g/t gold in RC0475, 41m @ 0.37 g/t gold in RC0476, 9m @ 0.95 g/t gold in RC0462 and 5m @ 1.25 g/t and 12m @ 0.54 g/t gold in RC0465 and 8m @ 0.57 g/t and 7m @ 1.20 g/t gold in RC0474.

Alan Carter, President and CEO, said, "The results from DDH331 suggest the Machichie NE zone contains significant high-grade gold mineralization and extends for at least 200m along strike. The mineralized zone, which is open at depth and along strike, is located just 650m north of the MG gold deposit and only 150m NE of the Machichie Main Zone. These results further support previous high-grade drill results at Machichie NE, including 11m @ 33 g/t gold and 6m @ 13.3 g/t gold. These latest drill results continue to suggest that we have made a significant gold discovery at Machichie NE.

At the Central gold deposit, the RC drill results from the gold-in-oxide material suggest that much of the current gold-in-oxide Inferred resources, which were not considered in the recently released prefeasibility study, could likely be upgraded to Indicated resources. If so, this material may be included in an updated mine plan for the Central deposit in the coming months and prior to a construction decision."