Cerrado Gold Inc. announced that all matters presented at its Annual Meeting of Shareholders were overwhelmingly approved. 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. The approval covers the election of directors and the appointment of the auditor.

Election of Directors

The shareholders elected each of the nominees listed in the company's Management Proxy Circular. The detailed voting results for the director elections are as follows:

Appointment of Auditor

McGovern Hurley LLP was appointed as the auditor of the corporation. The directors of the corporation were authorized to fix the auditor's remuneration. The voting results for the auditor appointment were:

Options Issuance

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

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.