Cabral Gold Inc.

Trading Symbol: (TSXV: $CBR) (OTC: CBGZF) (FSE: C3J)

Website: www.CabralGold.com

Link: https://cabralgold.com/news-releases/2020/cabral-identifies-new-target-in-eastern-cuiu-cuiu-with-gold-values-up-to-82.1-g-t-on-surface-1/

Vancouver, British Columbia – April 22, 2020 – Cabral Gold Inc. (“Cabral” or the “Company”) (TSXV: $CBR) is pleased to announce additional results from rock samples collected as part of the current regional surface sampling program within the eastern part of the Cuiú Cuiú gold project in Brazil, and the identification of another new and previously unknown high-grade target called Medusa.

Highlights

- Following the recent success in identifying the new Alonso high-grade target at Cuiú Cuiú, where 24 rock samples from boulders returned highly anomalous gold values ranging from 11.6 to 200.3 g/t gold, continued reconnaissance mapping and sampling in the eastern part of the concession area has identified additional mineralized blocks in an area 4km east of Alonso

- Two areas of quartz-sulphide blocks on surface returned values of 1.1 to 82.1g/t gold (13 samples averaging 26.0g/t gold) and 5.2 to 50.1 g/t gold (6 samples averaging 21.8g/t gold). The two areas are located 330m apart and blocks are all angular in nature suggesting that they are very close to source. The new target has been named Medusa after the complex structural setting suggested by the airborne magnetic data

Medusa has both a compelling and complex structural setting in that it is located within the main regional TZ fault zone, a major NW-trending fault structure which hosts the TZ gold deposit 20km to the south-east. The Medusa target is located at a pronounced bend in this major structure and is the first target so far identified by the Company at Cuiú Cuiú located within the TZ fault zone

Alan Carter, President & CEO stated “The identification of yet another compelling new high-grade gold target at Cuiú Cuiú further extends the size of the district at least 4km east of the recently identified high-grade Alonso discovery, where surface boulders returned 11.6 to 200.3 g/t gold. The identification of two areas of mineralized rock samples on surface which average 26.0 g/t and 21.8 g/t respectively, and are 330m apart, is significant and highlights the potential for further discoveries in the largely unexplored eastern part of the Cuiú Cuiú concession area. Furthermore, Medusa has a compelling structural location at a flexure within the regional Tocantinzinho fault zone which hosts the +2Moz Tocantinzinho gold deposit located 20km to the south-east, and the Santa Patricia porphyry copper target just 13km to the south-east.”