Cerrado Gold Announces Successful Results of Annual Meeting of Shareholders

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TORONTO, June 18, 2026 (GLOBE NEWSWIRE) — Cerrado Gold Inc. [TSX.V: CERT][OTCQX:CRDOF] (“Cerrado” or the “Company”) is pleased to announce that, at its Annual Meeting of Shareholders (“Meeting”), all matters presented to shareholders were overwhelmingly approved. Details of the voting results are set out below.

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Meeting Voting Results

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A total of 21,228,165 common shares were voted at the Meeting, representing 15.675% of the votes attached to all outstanding common shares of the Company. All matters presented for shareholder approval at the Meeting were duly authorized and approved as follows.

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Election of Directors

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The shareholders elected each of the nominees listed in the Company’s Management Proxy Circular. Details of the voting results are as follows:

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Appointment of Auditor

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McGovern Hurley LLP was appointed auditor of the Corporation and the directors of the Corporation were authorized to fix the auditor’s remuneration. Details of the voting results are as follows:

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Options Issuance

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The Company also announces that it has issued 100,000 options to a consultant under its amended and restated omnibus incentive plan. The options have an exercise price of $1.79, will vest immediately and expire in two years.

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About Cerrado

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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 Chibougamou, Quebec.

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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. An extensive campaign of exploration is ongoing to further unlock potential resources in our highly prospective land package in the heart of the Deseado Masiff.

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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 deposit and at prospective step-out targets across the large 7,209-hectare property concession. Located just 80km from Lisbon and surrounded by existing infrastructure, Lagoa Salgada offers a low-cost entry to a significant development and exploration opportunity, already showing its mineable scale and cash flow generation potential.