Cabral Gold Achieves Major Permitting Milestone with the Granting of the LP for Full Mining License at Cuiu Cuiu Gold District, Brazil

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[{"type":"text","content":"Cabral Gold Achieves Major Permitting Milestone with the Granting of the LP for Full Mining License at Cuiu Cuiu Gold District, BrazilVancouver, British Columbia--(Newsfile Corp. - March 10, 2026) - Cabral Gold Inc. (TSXV: CBR) (OTCQX: CBGZF) (\"Cabral\" or the \"Company\") is pleased to announce that the Environmental Council (COEMA) for the state of Pará has issued the Licença Prévia (\"LP\") for the Full Mining License at Cuiú Cuiú Gold District, Brazil.Alan Carter, Cabral's President and CEO commented, \"The granting of the LP for the Full Mining Licence at Cuiú Cuiú is a major milestone for our project and our Company and comes after a lengthy process. It is a validation of the project's strong environmental and social foundations and follows the successful public audiences held during August 2025 in the community of Cuiú Cuiú and the city of Itaituba. The LP not only allows for the expansion of our Phase 1 gold-in-oxide project, which is currently under construction, but it also applies to the much larger Phase 2 project which will involve the development of the hard rock resources at Cuiú Cuiú. The granting of the LP dramatically reduces the risk profile for both phases of development of the project. With the most complex and time-intensive stage of the Brazilian permitting process now complete, we have materially de-risked the project and enhanced its long-term value potential. I would personally like to thank all members of COEMA for their support in granting the license, and I would also like to take this opportunity to thank and congratulate all of our employees and consultants on achieving this very important milestone.\"The announcement by the Pará State Environmental Council (COEMA) of the granting of the LP for the Full Mining License is a very important milestone for Cabral Gold and its fully owned subsidiary Magellan Minerais e Prospeccao Geologica Ltda. This dramatically reduces the risk profile of the project and provides a pathway to increasing the scope of the Phase 1 gold-in-oxide project, which is currently under construction, from the currently licensed GU's (Guia de Utilizacao or Trial Mining Licenses) with a combined 500,000 tonnes per year to full plant capacity of 1 million tonnes/ year, and beyond. Perhaps more importantly, with the LP ...

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