Cerrado GOLD Announces Failure to File Cease Trade Order
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May 8, 2024 www.cerradogold.com
CERRADO GOLD ANNOUNCES
FAILURE TO FILE CEASE TRADE ORDER
TORONTO, ONTARIO – Cerrado Gold Inc. [TSX.V: CERT][OTCQX: CRDOF] (“Cerrado” or the
“Company”) announces that the Ontario Securities Commission (the “ OSC”) has issued a failure to
file cease trade order (“ FFCTO”) prohibiting the trading by any person of any securities of the
Company in Canada.
The FFCTO was issued as a result of the Company’s delay in filing its annual financial statements and
accompanying management’s discussion and analysis for the fiscal year ended December 31, 2023
(the “Annual Filings”) by April 29, 2024 in accordance with applicable Canadian securities laws.
The reason for the delay is due to the Company and its auditors, KPMG LLP, requiring additional
time to complete the remaining audit and quality procedures. The Company notes that there have
been no disagreements between the Company and the auditor regarding any matter of accounting
principles or practices, f inancial statement disclosure or auditing scope or procedures. The
Company’s management, together with its audit committee, has been working with and will
continue to work with its auditors to provide all necessary information and complete the Annual
Filings. The Company expects to file its Annual Filings on or around May 15th, 2024.
The Company intends to provide updates if and when necessary in accordance with applicable
securities laws.
About Cerrado
Cerrado Gold is a Toronto-based gold production, development, and exploration company focused
on gold projects in South America. The Company is the 100% owner of both the producing Minera
Don Nicolás and Las Calandrias mine in Santa Cruz province, Argentin a, and the highly prospective
Monte Do Carmo development project, located in Tocantins State, Brazil. In Canada, Cerrado Gold
is developing it's 100% owned Mont Sorcier Iron Ore and Vanadium 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
-2-
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 Canada, Cerrado holds a 100% interest in the Mont Sorcier Iron Ore and Vanadium Project, which
has the potential to produce a premium iron ore concentrate over a long mine life at low operating
costs and low capital intensity. Furthermore, its high grad e and high purity product facilitates the
migration of steel producers from blast furnaces to electric arc furnaces contributing to the
decarbonisation of the industry and the achievement of SDG 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
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, pr ojections, 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, expectations
of management with respect to the FFCTO, the filing of the Annual Filings and the resumption of
trading of the Company’s shares on the TSXV. In making the forward- looking statements contained
in this press release, Cerrado has made certain assumptions. Although C errado 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 shoul d 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.