Cabral Gold, Inc. · TSXV:CBR
Cabral Gold — Investor Presentation (September 2026)
33 slides from Cabral Gold's investor presentation, September 2026
Slide 1: The Cuiú Cuiú Gold District, Brazil's Newest Gold Mine
TSXV: CBR OTC: CBGZF The Cuiú Cuiú Gold District, Brazil’s Newest Gold Mine Ramp up to Commercial Production in Progress Corporate Presentation | September 2026 District scale potential cabralgold.com
Slide 2: Disclaimer
Disclaimer The material presented herein is private and confidential. The contents are not to be reproduced or distributed to any third party, including the public or press. Certain statements contained in this presentation constitute forward-looking statements. These statements relate to future eve
Slide 3: Why Cabral Gold?
Why Cabral Gold? Fully Funded Phase 1 Mine Undergoing Commissioning ▪ Self-funding 2 stage development strategy ▪ Phase 1: Mining of oxide material and heap leach operation targeting 25,000oz/yr ▪ First gold pour of 1,130 oz announced September 10, 2026 B R A Z I L ▪ Commercial production expected Q
Slide 4: Leadership Team
Leadership Team M A N A G E M E N T ALAN CARTER SAMANTHA SHORTER RUARI McKNIGHT ELTON PEREIRA PRESIDENT, CEO & DIRECTOR CHIEF FINANCIAL OFFICER PRESIDENT BRAZIL (BSc) VP EXPLORATION (BSc, MSc) (BSc, PhD ) (CPA, CA, CIA) Co-founded Serabi Gold and ex-COO. Geologist with more than 30 years of 35 years
Slide 5: Leadership Team: Directors
Leadership Team D I R E C T O R S ALAN CARTER JON GILLIGAN LARRY LEPARD PRESIDENT, CEO & DIRECTOR CHAIR (BSc., PhD) (BA, MBA) (BSc, PhD ) +35 years of experience advancing Managing Partner at Equity Management 35 years experience, 13 years with and building mines around the world. Associates, a prec
Slide 6: Corporate Snapshot
1-year Historic Chart for CBR Corporate Snapshot Capital Structure Shareholders Insiders Share Price (September 12, 2026) C$1.55 8% Basic Shares Outstanding 346,173,703 Restricted Share Units 2,486,593 Retail Stock Options (avg. price $0.46) 17,515,000 35% Warrants (avg. price $0.97) 48,898,993 Full
Slide 7: Tapajós Gold Province
Tapajós Gold Province Site of world’s largest gold rush and an emerging world-class gold district Bom Jardim - Cabral Gold Cuiú Cuiú - Cabral Gold Largest Producer of Placer Gold N Primary Ind. Resources 0.45Moz– (12.29Mt @ 1.14 g/t gold) Cabral’s Cuiú Cuiú project was the largest producer of placer
Slide 8: Proximity of Cuiú Cuiú to Tocantinzinho
Proximity of Cuiú Cuiú to Tocantinzinho LEGEND Recent discovery Similarities Deposit ▪ Cuiú Cuiú is located adjacent to GMining’s Tocantinzinho gold mine. Both projects are N Road located on the Tocantinzinho lineament, and are intrusive hosted, disseminated gold Cuiu Cuiu produced an estimated GMin
Slide 9: Existing primary gold deposits and recent discoveries
Existing primary gold deposits and recent discoveries PDM Discovery Drill results from recent discoveries include; J Cima Discovery PDM 22m @ 4.8g/t gold, 18m @ 2.5g/t gold 47m @ 1.8g/t gold JB Gold Deposit J Cima 9.5m @ 87.4 g/t gold 39m @ 5.1 g/t gold Central Gold Deposit 49m @ 2.0g/t gold Machich
Slide 10: Central Gold Deposit
LEGEND Central Gold Deposit Open Drill intercepts High-grade vein zones Mineralized body Central is the largest gold deposit discovered so far at Cuiú Cuiú CC_118-0.5m@58.7g/t and is 1.2km long and up to 100m wide. Resources are currently being updated and were last updated in September 2022 and com
Slide 11: Central Trend
Central Trend New discovery at PDM: PDM Discovery Drilling 22m @ 4.8g/t gold, PDM Gold-in-oxide target The identification of a gold-in-oxide blanket at PDM (2.5km NW of Central) has 18m @2.5g/t gold and led to the discovery of underlying primary gold mineralization at PDM. Recent Drilling 40m @ 2.2g
Slide 12: Primary MG Gold Deposit
Primary MG Gold Deposit The high-grade zones at MG (which are surrounded by lower grade envelopes) pictured in the map in red extend for hundreds of metres along strike High-Grade Core to Deposit Emerging MG is one of two known gold deposits discovered so far at Cuiú Cuiú. The deposit is open down-d
Slide 13: Machichie Complex
Machichie LEGEND Mineralization Zone RC0520 N Complex Drill Hole Collars Known Limit to Machichie West Trenches 12.0 m@ 27.7g/t Au from 42m Including 5.0m @ 65.5 g/t Au from 10m RC0449 6.0m @ 13.3g/t Au from 79m gold-in-oxide 96.5m @ 0.6 g/t Au Several new hard rock discoveries Including mineralizat
Slide 14: Jerimum Cima
Jerimum Cima Located 3km ENE of Central gold deposit and 3.5km NW of the MG gold deposit Recent discovery of E-W trending mineralized zone traced 900m along strike and open to east. Drill results incl. 9.5m @ 87.4 g/t gold, 39m @ 5.1 g/t, 47m @ 2g/t & 82.6m @ 1g/t incl. 9.5m @ 5.7 g/t gold Deep weat
Slide 15: Regional Potential
Regional Potential Targets Outside Existing Deposits Cilmar B: 1.4 – 12.3g/t Fofoca JN PDM Mutum G: 99.8g/t T: 5.3 @ 24g/t Chiquierinho T: 32m @ 1g/t B: <46.3g/t Morro da Lua D: 2.8m @ 19.5g/t Grota Rica MG B: 2.4 – 153.8g/t Deposits JB Central Central North J Cima D: 39.4m @ 1.3g/t B: 39m @ 5.1g/t
Slide 16: Alonso target; an example
Alonso target; an example High-grade boulders on surface, unexplained source ▪ Target located 3km SE of MG, with 24 samples of quartz vein float returning values from 11.6 to 200.3 g/t gold (av. 91.7 g/t gold) on surface ▪ Quartz vein boulders extend over at least 950m strike length west of initial
Slide 17: Initial Stage 1 Heap Leach Operation
District requires significant Investment District-scale of Cuiú Cuiú and large number of targets that require further drilling means that significant drilling will be required to determine size of global resource. Management believes that continued reliance on raising capital through dilution to the
Slide 18: Gold-in-oxide blankets identified to date
Gold-in-oxide blankets identified to date MG, Central and Machichie Main gold deposits PDM Oxide blanket contain Indicated Resources included in the 43- 101 PFS Study of July 2025. PDM contains Inferred Resources and Jerimum Cima is a new discovery Jerimum Cima Oxide blanket Updated resource estimat
Slide 19: MG Gold-in-Oxide Material
MG Gold-in-Oxide Material S N Near-surface, Focus of Starter operation ▪ MG is largest of five gold-in-oxide ▪ Oxide Indicated Resources at MG ▪ Heap leach metallurgical tests Oxide Gold Blanket zones identified to date (MG, of 8.86Mt @ 0.5 g/t (135,855oz) returned 92-93% gold Central, Machichie, PD
Slide 20: Gold-In-Oxide Resources & Reserves
Gold-In-Oxide Resources & Reserves Resources Gold-in-oxide blankets Cut-off Inferred Resources Indicated Resources Grade Five gold-in-oxide blankets identified at Central, MG, PDM, Machichie and, most recently Jerimum Cima, have so far been identified within the Cuiu Cuiu district Grade Grade Ounces
Slide 21: PFS Economic Analysis and Annual Production
Area Detail US$ (M) PFS Economic Analysis Process Plant Heap Leach Pads 5.89 Operational Assumptions UOM Process Equipment 7.92 Contained Gold oz 128,926 Infrastructure Mill and Heap Leach Capacity t/annum 1,000,000 Onsite 5.66 Monthly Plant Feed tonnes 83,333 Offsite 1.58 LOM Mined Grade g/t 0.65 E
Slide 22: PFS – Processing route for gold-in-oxide material
PFS – Processing route for gold-in-oxide material RUN OF MINE Simple Processing Route MMD SIZER No crushing or grinding. Column leach tests returned 72.5 to 96% gold ON-OFF recoveries. Average gold recovery of 88% assumed for PFS PADS AGGLOMERATING Processing Plant Design for 3,000 tpd Capacity DRUM
Slide 23: PFS Highlights
PFS Highlights 2024 Low Base High US$M Upside PFS Case Case Case Attractive gold-in-oxide starter project Ausenco Updated PFS released on July 29, 2025, confirms a very attractive gold-in- Gold Price (US$/oz) 2,250 2,250 2,500 3,000 3,500 oxide starter project using Heap Leach processing of gold-in-
Slide 24: Photos
Photos Dry circuit showing ROM ore bin in foreground, sizer and cement ADR and CIL columns in wet circuit area silo and agglomerating drum and conveyors Irrigation pipework being laid on heap leach pad Gold dore resulting from commissioning process containing 1,130oz of gold TSXV: CBR | OTC: CBGZF |
Slide 25: Timeline
Timeline Updated PFS Updated PFS released 29 July 2025. Commencement of construction 26 Nov 2025 Commissioning in Progress Commissioning of the dry circuit is complete, and commissioning of the wet circuit is in progress. Expected to be complete during September 2026 First Gold Pour First gold pour
Slide 26: Short Term Catalysts
Short Term Catalysts 1. Commercial Production Phase 1 Expected Q4 2026 2. Updated Global Resource Estimate Expected by end Q4 2026. Last update September 2022. Three gold deposits were modelled in 2022. 6 deposits will be included in the next update. ~ 50,000m drilled since September 2022 3. Phase 1
Slide 27: Opportunity
Opportunity Commissioning of Stage 1 Mine in progress Existing Resource Base with Commercial production expected Q4 2026 Significant Upside July 2025 PFS ($2500/oz base case) resulted in IRR of 78%, Primary Indicated resources; 12.29Mt @ 1.14 g/t gold NPV5 of US$73.9M. Gold prod. 25,000 oz/yr during
Slide 28: Thank you
Thank you Contact information Alan Carter PRESIDENT & CEO Email: alan@cabralgold.com Ph: 604 676 5660
Slide 29: Appendices
Appendices TSXV: CBR | OTC: CBGZF | CABRALGOLD.COM BRAZIL’S NEW EST GOLD MINE W ITH DISTRICT SCALE POTENTIAL 29
Slide 30: Global Resource Inventory
Indicated and Inferred Mineral Resources Indicated Inferred Tonnes Grade Gold Tonnes Grade Gold Global Resource Inventory Deposit / Ore Type Central Oxide (kt) 3,365 (g/t Au) 0.52 Ounces 56,200 (kt) 942 (g/t Au) 0.45 Ounces 13,600 Primary OP 7,500 0.91 219,940 8,470 0.91 247,500 (oxide and hard rock
Slide 31: Gold-in-oxide resources and reserves
Gold-in-oxide resources and reserves Probable Reserves Resources Tonnes Grade g/t Ounces Cut-off Grade Inferred Resources Indicated Resources MG 4,035,000 0.64 82,912 Grade Grade Ounces 0.1 g/t Tonnes Ounces Tonnes Central 1,511,000 0.62 29,959 g/t g/t Machichie 632,000 0.79 16,032 MG 3,142,921 0.22
Slide 32: PFS Project sensitivities
PFS Project sensitivities After Tax IRR After Tax NPV5 Initial Capital Total Operating Costs Initial Capital Total Operating Costs After-Tax After-Tax NPV5 Gold Price Gold Price IRR -20% +20% -20% +20% Base Case US$/oz US$/oz -20% +20% -20% +20% Base Case (US$M) 2,250 59% 83% 44% 73% 45% 2,250 54.8
Slide 33: US$45 million gold loan
US$45 million gold loan Construction Financing through a US$45M gold loan • US$45M gold loan closed on 26th November 2025 with Precious Metals Yield Fund (PMYF), an affiliate of the Phoenix Gold Fund, Cabral’s largest institutional shareholder • Outstanding balance shall be expressed in fine gold kg