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CERT.V ·

Cerrado Gold Announces Successful Results of Annual Meeting of Shareholders

Corporate Updates

Cerrado Gold Announces Successful Results of Annual Meeting of

Shareholders

• All matters presented for shareholder approval were overwhelmingly approved

TORONTO, June 18, 2026 -- Cerrado Gold Inc. [TSX.V: CERT][OTCQX:CRDOF] ("Cerrado" or the "Company”) is pleased to

announce that, at its Annual Meeting of Shareholders (“Meeting”), all matters presented to shareholders were overwhelmingly

approved. Details of the voting results are set out below.

Meeting Voting Results

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. All matters presented for shareholder approval at the Meeting were duly

authorized and approved as follows.

Election of Directors

The shareholders elected each of the nominees listed in the Company’s Management Proxy Circular. Details of the voting

results are as follows:

Name Votes For % Votes Withheld %

Mark Brennan 10,952,408 99.174 91,272 0.826

Maria Virginia Anzola 10,638,220 96.329 405,461 3.671

Christopher Jones 11,036,789 99.938 6,891 0.062

Kurt Menchen 11,036,289 99.933 7,391 0.067

Rui Santos 11,015,508 99.745 28,172 0.255

Robert Sellars 11,036,289 99.933 7,391 0.067

Appointment of Auditor

McGovern Hurley LLP was appointed auditor of the Corporation and the directors of the Corporation were authorized to fix the

auditor’s remuneration. Details of the voting results are as follows:

  Total Votes % of Votes Cast

Votes For 21,226,373 99.992

Votes Withheld 1,791 0.008

Options Issuance

The Company also announces that it has issued 100,000 options to a consultant under its amended and restated omnibus

incentive plan. The options have an exercise price of $1.79, will vest immediately and expire in two years.

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 (“MDN”) 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 is focused on the development and exploration 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 existing infrastructure, Lagoa Salgada offers a low-cost entry to a

significant development and exploration opportunity, already showing its mineable scale and cash flow generation potential.

In Canada, Cerrado holds a 100% interest in the Mont Sorcier high-purity, high-grade DRI Iron Ore 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-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]

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.