Vancouver, British Columbia – July 15, 2021 – Cabral Gold Inc. (“Cabral” or the “Company”) (TSXV: CBR) (OTC: CBGZF) is pleased to provide a drilling update from the Cuiú Cuiú gold district, Brazil, and to provide assay results from six recently completed follow-up RC holes at the Morro da Lua target.

Highlights are as follows:

Follow-up RC drilling at the Morro da Lua target, one of 43 targets identified so far outside of the Central and MG gold deposits at Cuiú Cuiú, has identified at least three high-grade NE trending veins which continue along strike and down-dip, including a new mineralized vein structure

A single diamond drill hole (DDH194) completed at this target in 2019 intersected three high-grade veins below historic workings and returned gold values including 2.8m @ 19.5 g/t gold, 0.6m @ 14.8 g/t and 0.5m @ 9.1 g/t gold. The recent drilling was designed to establish continuity of these veins both along strike and down-dip

Six RC holes were completed at Morro da Lua and returned 2m @ 10.5 g/t gold in RC84, 3m @ 6.6 g/t gold in RC85, 1m @ 6.2 g/t gold in RC87 and 2m @ 3.6 g/t gold in RC88, indicating continuity along strike and down-dip and the presence of a new mineralized vein structure

Drill contracts have been awarded and signed for two additional diamond drill rigs at the 100% owned Cuiú Cuiúgold district. The rigs are expected to arrive in the coming weeks and will bring the total number of rigs on site to five, comprising three diamond-drill rigs and two RC rigs