CERRADO GOLD INC - CRDOF STOCK NEWS

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.

Cerrado Gold Inc. (CERT) appoints Toronto-Dominion Bank as Mandated Lead Arranger for potential UKEF-supported project financing of up to $598 million for its Mont Sorcier Iron and Vanadium Project in Quebec, with final stages of MLA appointment for Monte Do Carmo project in Brazil. The UKEF-backed facility is expected to cover 70% of project capital expenditures for the Mont Sorcier project, reducing overall project risk and lowering costs of capital through political and commercial guarantees. The conclusion of project financing remains subject to the completion of a bankable feasibility study, environmental impact assessment, and other requirements.

Cerrado Gold Inc. announced the correction of a computational error in the Monte Do Carmo Gold Project's Feasibility Study results, resulting in a decline in After Tax NPV5% to $369 million from $401 million and IRR to 32% from 34%. The project has an average annual gold production of 94,797 ounces over a 9-year Life of Mine, with an average AISC of US$711 per ounce and an initial Capex of US$186.6 million. The corrected results demonstrate the project's robustness with low capital and operating costs, providing an approximate 2:1 ratio of NPV over Capex.

Cerrado Gold Inc. announces positive results of an independent Feasibility Study on its Monte do Carmo gold project in Brazil. The study shows an after-tax NPV of US$401.4 million and an IRR of 34%. The project has an average annual gold production of 94,797 ounces over a 9-year mine life, with an average AISC of US$711 per ounce. The initial capex is US$186.6 million, and the project is expected to generate annual average free cash flow of $90 million.