Cabral Gold Recognized as a TSX Venture Top 50 Company

Cabral Gold Recognized as a TSX Venture Top

50 Company

Vancouver, British Columbia--(Newsfile Corp. - February 24, 2021) -

Cabral Gold Inc. (TSXV: CBR)

(OTC Pink: CBGZF) ("Cabral Gold" or the

"

Company

") is pleased to announce that it has been

named to the 2021 TSX Venture 50, an annual ranking of top performing listed companies on the TSX

Venture Exchange. Cabral Gold was ranked second in the Mining Sector with a market cap increase of

1,047% and a share price increase of 492% during 2020.

The 2021 TSX Venture 50 is an annual ranking of the top performing listed companies from five industry

sectors: Clean Technology and Life Sciences, Diversified Industries, Energy, Mining, and Technology.

The companies are selected based on three equally weighted criteria, which are market capitalization

growth, share price appreciation, and trading volume. A brief video on Cabral Gold highlighting this

achievement can be found at

www.tsx.com/venture50

and by clicking the link below:

TMX Interview with Alan Carter, President & CEO of Cabral Gold

Alan Carter, Cabral Gold's President and CEO commented, "We are thrilled to be recognized by the

TSX Venture Exchange as the second ranked performing company in the Mining sector. During the

course of 2020, Cabral Gold was able to deliver significant market performance, resulting in strong

returns to our shareholders. This strong performance was backed by real progress at our Cuiú Cuiú

gold district in Brazil as we continue to demonstrate the high-grade potential of the district. In 2021, we

look forward to confirming Cuiú Cuiú as a world-class gold district, and anticipate a steady stream of

drill results on some of the 43 targets that exist outside our known gold deposits, as we continue to

leverage the excellent platform provided to us by the TSX."

About Cabral Gold Inc.

The Company is a junior resource company engaged in the identification, exploration and development

of mineral properties, with a primary focus on gold properties located in Brazil.

The Company has a

100% interest in the Cuiú Cuiú gold district located in the Tapajós Region, within the state of Pará in

northern Brazil. Two gold deposits have so far been defined at Cuiú Cuiú and contain 43-101 compliant

Indicated resources of 5.9Mt @ 0.90g/t (200,000 oz) and Inferred resources of 19.5Mt @ 1.24g/t

(800,000 oz).

The Tapajós Gold Province is the site of the largest gold rush in Brazil's history producing an estimated

30 to 50 million ounces of placer gold between 1978 and 1995. Cuiú Cuiú was the largest placer gold

camp in the Tapajós and produced an estimate 2Moz of placer gold historically.

FOR FURTHER INFORMATION PLEASE CONTACT:

"Alan Carter"

President and Chief Executive Officer

Cabral Gold Inc.

Tel: 604.676.5660

Dr Adrian McArthur, B.Sc. Hons, PhD. FAusIMM., a consultant to the Company as well as a Qualified

Person as defined by National Instrument 43-101, supervised the preparation of the technical

information in this news release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in

the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release.

Forward-Looking Statements

This news release contains certain forward-looking information and forward-looking statements within

the meaning of applicable securities legislation (collectively "forward-looking statements").

The use of

the words "will", "expected" and similar expressions are intended to identify forward-looking statements.

These statements involve known and unknown risks, uncertainties and other factors that may cause

actual results or events to differ materially from those anticipated in such forward-looking statements.

Such forward-looking statements should not be unduly relied upon.

This news release contains forward-

looking statements and assumptions pertaining to the following:

strategic plans and future operations,

and results of exploration.

Actual results achieved may vary from the information provided herein as a

result of numerous known and unknown risks and uncertainties and other factors.

The Company believes

the expectations reflected in those forward-looking statements are reasonable, but no assurance can be

given that these expectations will prove to be correct.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/75355