Cerrado GOLD Strengthens Executive Team
March 13, 2023 www.cerradogold.com
CERRADO GOLD STRENGTHENS EXECUTIVE TEAM
• Mr. Michael McAllister appointed Vice President of Investor Relations
• Mr. Chris MacInnis appointed Director, Geology and Resources
TORONTO, ONTARIO - Cerrado Gold Inc. [TSX.V: CERT][OTCQX:CRDOF] ("Cerrado" or the "Company”) is pleased
to announce that it has strengthened its executive team with the addition of Mr. Michael McAllister who has been
appointed Vice President of Investor Re lations and Mr. Chris MacInnis who has been appointed as Director of
Geology and Resources for the Company.
Mike McAllister has over 19 years of experience working with public mining companies, the last 12 as a mining
specialized investor relations professional. He most recently was with Superior Gold and prior to that Sierra Metals
where he helped the company complete the dual US listing progress and helped see the company progress from a
small to a mid-tier diversified producer. Mr. McAllister also has worked at Avion Gold Corp., which was acquired by
Endeavour Mining. Before working in investor relations roles, he worked at BMO Capital Markets in the Metals &
Mining Group. Mike holds the Certified Professional Investor Relations (CPIR) de signation completed at the Ivey
School of Business, University of Western Ontario.
Chris MacInnis graduated from Saint Mary’s University in 2001 with a double major in Biology and Geology. For the
last 15 years he has been working as a resource geologist, first with Datamine Canada (2006 – 2010) and then with
SRK Consulting (2010 – 2017). In 2017 Chris joined and help ed form GoldSpot Discoveries, where the team had
multiple successes in exploration and resource growth for many clients across North and South America Chris helped
grow GoldSpot from the initial 7 members to going public on the TSX and employing approximately 90 geologists
and data scientists. The company was recently acquired by ALS Labs.
Chris’ expertise includes solids modelling, geostatistics, resource estimation, performing project audits and due
diligence studies and he has authored multiple NI 43 -101 compliant resource estimations. In addition, Chris is a
Mentor for the M.Sc. in Mineral Resource Estimation program at Laurentian University and sits on the Board of
Directors for the Ontario Professional Geological Association (PGO) as a “Counsellor -at-Large”.
Mark Brennan, CEO and Chairman commented “We are very pleased to welcome both Mike and Chris to the Cerrado
team. We believe their expertise will enhance the Cerrado team capabilities as we continue to grow our gold
production in Argentina and rapidly advance our Monte Do Carmo gold Project through the completion of a Bankable
Feasibility by the end of May and the planned commence of construction later this year. As such, we are excited to
incorporate additional expertise into the Company to help us fulfil our aggressive but achievable timelines. ”
About Cerrado
Cerrado is a Toronto based gold production, development and exploration company focused on gold projects in the
Americas. The Company is the 100% owner of both the producing Minera Don Nicolás mine in Santa Cruz province,
Argentina, and the highly prospective development project, Monte Do Carmo located in Tocantins State, Brazil.
At Minera Don Nicolas, Cerrado is maximising asset value through further operation optimization and continued
production growth. An extensive campaign of exploration is ongoing to further unlock potential resources in our
highly prospective land package.
At Monte Do Carmo, Cerrado is rapidly advancing the Serra Alta deposit through Feasibility and production. The
Serra Alta deposit Indicated Resources of 541 kozs of contained gold and Inferred Resources of 780 kozs of contained
gold. The Preliminary Econom ic Assessment demonstrates robust economics as well as the potential to be one of
the industry’s lowest cost producers. Cerrado also holds an extensive and highly prospective 82,542 ha land package
at Monte Do Carmo.
For more information about Cerrado please visit our website at: www.cerradogold.com.
For further information, contact:
Mark Brennan David Ball
CEO and Co Chairman Vice President, Corporate Development
Tel: +1-647-796-0023 Tel: +1-647-796-0068
[email protected] [email protected]
Disclaimer
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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, ot her 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, object ives, 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 “int ends” 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 assumptio ns, including, but not limited to the expected timing to complete the Feasibility
Study at MDC and th decision to move towards construction . 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 impl ied 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 inf ormation 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 even ts, changes in assumptions, changes in factors affecting such
forward-looking statements or otherwise.