Cerrado Gold Inc.

Cerrado Gold is a Toronto-based gold production, development, and exploration company. The Company is the 100% owner of the producing Minera Don Nicolás and Las Calandrias mine in Santa Cruz province, Argentina. In Portugal, the Company holds an 80% interest in the highly prospective Lagoa Salgada VMS project through its position in Redcorp - Empreendimentos Mineiros, Lda. In Canada, Cerrado Gold is developing its 100% owned Mont Sorcier Iron project located outside of Chibougamau, Quebec. In Argentina, Cerrado is maximizing asset value at its Minera Don Nicolas ("MDN") operation through continued operational optimization and is growing production through its operations at the Las Calandrias heap leach project and the Paloma Underground. An extensive campaign of more than 50,000 metres exploration is ongoing to further unlock potential resources in our highly prospective land package in the heart of the Deseado Masiff. In Portugal, Cerrado is focused on the development and exploration of the highly prospective Lagoa Salgada VMS project located on the prolific Iberian Pyrite Belt in Portugal. The Lagoa Salgada project is a high-grade polymetallic project, demonstrating a typical mineralization endowment of zinc, copper, lead, tin, silver, and gold. Extensive exploration upside potential lies both near the deposit and at prospective step-out targets across the large 7,209-hectare property concession. In Canada, Cerrado is developing its 100% owned Mont Sorcier high-purity, high-grade, direct-reduced iron project. The Mont Sorcier project has the potential to produce a premium 67% iron concentrate over a long mine life at low operating costs and low capital intensity.

Management Profile:

Mike McAllister has over 22 years of experience working with public mining companies, the last 16 as a mining-specialized investor relations professional. He joined Cerrado Gold in 2023. Previously, he worked with Superior Gold, acquired by Catalyst Metals and, before that, Sierra Metals, where he helped the Company complete its dual US listing and saw it progress from a small to a mid-tier diversified producer. Mr. McAllister also worked at Avion Gold, acquired by Endeavour Mining. Before working in investor relations roles, he worked at BMO Capital Markets in the Metals & Mining Group. Mike holds the Certified Professional Investor Relations (CPIR) designation, completed at the Ivey School of Business, University of Western Ontario.

What are your key goals for the next 3, 6 and 12 months?

3 Months

Continue to build cash position from free cash flow from 50-60,000 ounces of production at Minera Don Nicolas. Complete Feasibility Study at Mont Sorcier and updated FS Study at Lagoa Salgada Projects. Continue with a 50,000-meter exploration program at Minera Don Nicolas.

6 Months

Demonstrate through drilling the ability to expand mine life at Minera Don Nicolas. Complete Environmental and Construction Permitting at Lagoa Salgada and make a construction decision.

12 Months

Expand Life of Mine and Production at Minera Don Nicolas. Commece Construction at Lagoa Salgada in Portugal. Commence permitting at Mont Sorcier to advance the project to a construction decision.

What do you think makes your company such a compelling investment?

Stock is trading below its value relative to similar-sized gold producers. Potential for significant cash build from growing lower-cost production in Argentina, which is now unhedged. In Portugal, we are completing an updated FS and expect to receive permits in the coming months, putting us in a position to commence construction in 2027. In Canada, we have a high-purity iron project that will produce a 67% Iron premium concentrate. We will complete an FS in Q2 2026. We continue to advance the project, which has excellent existing infrastructure, including rail access and deep water port facilities, through permitting towards construction.