Cerrado Gold's wholly owned subsidiary, Redcorp - Empreendimentos Mineiros, Lda., has secured an injunction that suspends the effects of an opinion issued by the Portuguese Environmental Agency (APA). The ruling, delivered on June 17, 2026, ensures that Redcorp continues to hold its concession contract and PIN classification for the Lagoa Salgada project valid and in good standing while the legal action to overturn the APA's opinion progresses.

The injunction directly addresses the opinion of the APA, which had threatened the status of the Lagoa Salgada project. By suspending the effects of this opinion, the court has maintained the operational validity of the concession contract. This legal relief allows Cerrado Gold to continue its engagement with stakeholders in Portugal toward a resolution that would permit and construct the Lagoa Salgada mine.

Mark Brennan, CEO and Chairman of Cerrado Gold, stated that the company is pleased the court agreed with its position. He emphasized that Cerrado Gold continues to work with relevant stakeholders in Portugal to achieve a resolution for the project.

Project Overview

Cerrado Gold holds an 80% interest in the Lagoa Salgada VMS project through Redcorp. The project is located on the Iberian Pyrite Belt in Portugal, approximately 80km from Lisbon. It is a high-grade polymetallic project with mineralization including zinc, copper, lead, tin, silver, and gold. The property spans 7,209 hectares and is surrounded by existing infrastructure, offering a low-cost entry to a significant development opportunity.

Corporate Portfolio

Cerrado Gold is a Toronto-based gold production, development, and exploration company. In Argentina, it owns 100% of the producing Minera Don Nicolás and Las Calandrias mine. The company is also developing the Mont Sorcier Iron project in Quebec, Canada, which is a 100% owned high-grade Direct Reduced Iron project located outside of Chibougamau.