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CERT.V ·

Cerrado Gold Announces Resignation of a Director

Management Changes

Cerrado Gold Announces Resignation of a Director

TORONTO, Oct. 10, 2025 -- Cerrado Gold Inc. [TSX.V:CERT][OTCQX:CRDOF; FRA:BAI0] (“Cerrado” or the “Company”)

announces the resignation of Mr. Robert Campbell from its board of directors effective today. Mr. Campbell has tendered his

resignation from the Cerrado board as he intends to retire.

Mark Brennan, Chairman and CEO stated, “We have had a long and successful journey as a team over the past 20 years, we

are sorry to see him go but wish him a very happy retirement.”

The Company’s management and board of directors thanks Mr.  Campbell for his valuable contributions and wishes him well.

About Cerrado

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.

In Argentina, Cerrado is maximizing asset value at its Minera Don Nicolas 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.

In Portugal, Cerrado focused on the exploration and development 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 exceptional infrastructure, Lagoa Salgada offers a low-cost entry to a significant exploration and

development opportunity, already showing its mineable scale and cashflow generation potential.

In Canada, Cerrado holds a 100% interest in the Mont Sorcier Iron project, which has the potential to produce a premium iron

concentrate over a long mine life at low operating costs and low capital intensity. Furthermore, its high grade and high purity

product facilitates the migration of steel producers from blast furnaces to electric arc furnaces, contributing to the

decarbonization of the industry and the achievement of sustainable development goals.

For more information about Cerrado please visit our website at: www.cerradogold.com.

Mark Brennan                        

CEO and Chairman        

Mike McAllister

Vice President, Investor Relations

Tel: +1-647-805-5662

[email protected]                                

Disclaimer

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN

POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF

THIS RELEASE.