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Cerrado Gold Announces Dial-In-Details for Management Conference Call to Discuss the Purported Unfavourable Opinion of the Environmental Impact Assessment for the Lagoa Salgada Project, Portugal

Permits & Approvals

Cerrado Gold Announces Dial-In-Details for Management Conference Call to

Discuss the Purported Unfavourable Opinion of the Environmental Impact

Assessment for the Lagoa Salgada Project, Portugal

• Conference Call to be hosted Monday, January 26, 2026, at 10:00 AM EST

TORONTO, Jan. 23, 2026 -- Cerrado Gold Inc. (“Cerrado” or the “Company”) announces that it will host a management

conference call on Monday, January 26th at 10:00 AM Eastern Standard Time to discuss the purported unfavourable opinion of

the environmental impact assessment for the Lago Salgada Project in Portugal. Conference call details are as follows:

Pre-Registration for Conference Call

Participants need to preregister for the conference by navigating to:

https://register-conf.media-server.com/register/BI3e36bd98ea3e49738b1866eab71697f0

After preregistering, participants will receive dial-in numbers and a PIN number to connect directly upon registration

completion, or can select the “Call Me” feature to receive a call to connect.

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

Chibougamau, 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 is developing its 100% owned Mont Sorcier high-purity, high-grade, Direct Reduced Iron project, located on

the traditional Cree territory of Eeyou Istchee James Bay in the municipality of Chibougamau. The Mont Sorcier high purity

high grade DRI 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.

This press release contains statements that constitute “forward-looking information” (collectively, “forward-looking

statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of

historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this

news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions,

future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”,

“anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or

variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will”

be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.

Forward-looking statements contained in this press release include, without limitation, statements regarding the business and

operations of Cerrado, the assumption that the Portuguese RJAIA legal framework will be respected and upheld by relevant

authorities or a court of law; that the RJAIA will be interpreted in the manner that the Company and its legal advisors have

determined is prescribed by law; that APA will either not object to the deemed approval by operation of law or that a court of

law with competent authority will issue a judgment in the Company’s favour resulting in a positive DIA; and that the Company

will succeed in obtaining requisite approvals during the RECAPE phase. There can be no assurance that the Company will be

able to obtain all necessary approvals, licenses and permits that may be required to advance the Project. In making the

forward- looking statements contained in this press release, Cerrado has made certain assumptions. Although Cerrado

believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the

expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other

factors which may cause the actual results and future events to differ materially from those expressed or implied by such

forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political and

social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information

contained in this press release. Except as required by law, Cerrado disclaims any intention and assumes no obligation to

update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events,

changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.