Cerrado GOLD Files Installation License Application FOR Its Monte Do Carmo Project IN Brazil
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September 12, 2023 www.cerradogold.com
CERRADO GOLD FILES INSTALLATION LICENSE APPLICATION FOR ITS MONTE DO CARMO
PROJECT IN BRAZIL
• Application for License of Installation to Begin Construction
TORONTO, ONTARIO - Cerrado Gold Inc. [TSX.V: CERT][ OTCQX: CRDOF] (“Cerrado” or the
“Company”) announces that as of September 11 th it has filed its License of Installation (“LI”)
application with the Instituto Natureza do Tocantins or NATURATINS , the state environmental
regulatory authority for the development of the Serra Alta project at the Monte Do Carmo project.
Subject to acceptance of the application, the Company anticipates it will be granted the Installation
License approximately three months thereafter, which will allow for construction activities to begin.
Concurrently the Company is progressing the Feasibility Study for Serra Alta which remains on
schedule for completion by October 31, 2023 as previously announced in a press release dated July
24, 2023. Work s to incorporate various opportunities are proceeding well and we expect the
Feasibility to confirm the robust economics of the Serra Alta Deposit.
Mark Brennan, CEO and Chairman commented “ We are pleased to be making steady progress in
permitting at the Serra Alta project and expect the granting of the LI and the upcoming FS to continue
to support our project financing discussions.”
About Cerrado
Cerrado Gold is a Toronto-based gold production, development, and exploration company focused
on gold projects in South America. The Compa ny is the 100% owner of both the producing Minera
Don Nicolás and Las Calandrias mine in Santa Cruz province, Argentina, and the highly prospective
Monte Do Carmo development project, located in Tocantins State, Brazil. In Canada, Cerrado Gold
is developin g 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
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 Brazil, Cerrado is rapidly advancing the Serra Alta deposit at its Monte Do Carmo Project, through
feasibility and into production. Serra Alta is expected to be a high -margin and high -return project
with significant exploration potential on an extensive and highly prospec tive 82,542 hectare land
package.
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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 int ensity. Furthermore, its high grade 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 Mike McAllister
CEO and Chairman 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, 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. In making the forward- looking statements contained in this press release, Cerrado
has made certain assumptions, including, but not limited to the anticipated date of receipt of the LI as well as the time
to complete the feasibility study at Monte Do Carmo. Although C errado believes that the expectations reflected in
forward-looking statements are reasonable, it can give no assurance that the expecta tions 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.