Cerrado Gold Granted Injunction on Its Lagoa Salgada Project in Portugal
Cerrado Gold Granted Injunction on Its Lagoa Salgada Project in Portugal
• Granting of injunction sought by Cerrado suspends the effects of the opinion of the Portuguese
environmental agency.
• Concession contract for Lagoa Salgada remains valid and in good standing.
TORONTO, June 17, 2026 -- CERRADO GOLD [TSX.V: CERT] [OTCQX: CRDOF] ("Cerrado" or the " Company”) is pleased
to announce that its wholly owned subsidiary, Redcorp - Empreendimentos Mineiros, Lda. (“ Redcorp”) has been granted the
injunctive relief it sought in connection with the opinion of the Portuguese Environmental Agency (Agência Portuguesa do
Ambiente – “APA”).
Granting of the injunction has the effect of suspending the effects of the APA opinion while the legal action commenced by
Redcorp to overturn APA’s opinion continues to progress. This decision ensures that Redcorp continues to hold its
concession contract and PIN classification for the Lagoa Salgada project valid and in good standing.
Mark Brennan, CEO & Chairman commented: “We are pleased that the court has agreed with our position. The Company
continues to work with relevant stakeholders in Portugal towards a resolution that would see the Lagoa Salgada mine
permitted and built.”
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 ("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 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 project 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
Disclaimer
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This press release contains statements that constitute “forward-looking information” (collectively, “forward-looking
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historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this
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Forward-looking statements contained in this press release include, without limitation, statements regarding the business and
operations of Cerrado, the potential outcome of ongoing legal matters or the likelihood that a negotiated settlement can be
reached. 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
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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.