CERRADO GOLD INC - CRDOF STOCK NEWS

Cerrado Gold Inc. announces receiving a second advance of US$1 million under a signing loan agreement with a subsidiary of Hochschild Mining Plc. The total amount received is US$8 million, with an additional US$7 million expected in June. The funds are being used to address short-term capital needs in Argentina and support deleveraging efforts.

Cerrado Gold Inc. announces Q1 2024 production results for its Minera Don Nicolas Mine in Argentina. The company produced 11,024 Gold Equivalent Ounces in Q1, with significant improvements in March and April. Calandrias Norte has been a key contributor to production growth, focusing on cash flow and balance sheet rebuilding. The company is developing a long-term production plan for Argentina.

Cerrado Gold Inc. announces potential delays in filing its annual financial statements due to audit delays at its MDN Subsidiary in Argentina. The company attributes the delays to policy changes in Argentina affecting business operations. The Ontario Securities Commission denied the company's application for a management cease trade order, which may lead to a failure-to-file-cease-trade-order if the filings are not completed by the deadline. The company plans to issue updates on the filing timeline and has the resources to address any defaults. Additionally, the company has elected to pay interest on a secured note by issuing common shares.

Cerrado Gold Inc. announces a proposed transaction with Amarillo Mineração do Brasil Ltda., a subsidiary of Hochschild Mining PLC, to strengthen its balance sheet and address liquidity challenges in the junior mining sector. The transaction involves the sale of the Monte Do Carmo project in Brazil for US$60 million. Amarillo will take operational control of the project and commit to spending at least US$5 million in qualifying expenditures. The CEO highlighted the benefits of the deal, stating it would provide immediate capital, inject development funds into the Minera Don Nicolas project, and position the company for growth. The transaction is subject to various conditions and has been approved by Cerrado's Board of Directors.

Cerrado Gold Inc. reports Q4 2023 production results, with 15,202 ounces of gold equivalent (GEO) produced, annual GEO production of 51,688 ounces for 2023, and a delayed commercial production of the Las Calandrias heap leap project. The company also announces the completion of major capital programs at Minera Don Nicolas Mine in Argentina and the impact of fiscal policies on operations. The Monte Do Carmo project in Brazil reveals an updated After-Tax NPV5% of US$390 Million and IRR of 34%.

Cerrado Gold Inc. announces the payment of interest on a secured note issued to Sprott Resource Streaming and Royalty Corp. The company will issue 1,175,523 common shares to Sprott at a price of $0.5672 per share to satisfy the interest payment, amounting to US$504,109.58. This is in connection with the funding of the gold and silver stream agreement for its Monte do Carmo Project.

Cerrado Gold Inc. (TSX.V:CERT)(OTCQX:CRDOF) announces filing of the technical report of the independent Feasibility Study for the Monte do Carmo gold project, with an After-Tax NPV5% of US$390 million and an IRR of 34%. The study projects an average annual gold production of 95,212 ounces per annum over a 9-year Life of Mine, with an average AISC of US$687 per ounce over LOM. Initial Capex is US$181.4 million, with an NPV/Initial Capex Ratio of 2.15x. The full technical report is filed on SEDAR+ as of December 15, 2023.

Cerrado Gold Inc. (TSX.V:CERT)(OTCQX:CRDOF) has appointed Banco Santander S.A. as the Mandated Lead Arranger for potential Export Credit Agency Supported Project Financing of up to $175 million for its Monte Do Carmo Project in Brazil. The UKEF backed facility is expected to cover 70% of the project capital expenditures for a total tenor of 8 years, with Santander presenting competitive and compelling terms for the financing.

Cerrado Gold Inc. (TSX.V:CERT)(OTCQX:CRDOF) announces Q3/23 operational and financial results for Minera Don Nicolas ("MDN") and Monte Do Carmo ("MDC") projects, including gold production of 10,082 GEO, an 11% decrease yoy, AISC of $1,703 per ounce, and a significant improvement in cash generation in 2024.