Cerrado GOLD Strengthens Owners Team at Monte Do Carmo GOLD Project IN Tocatins Brazil
April 5, 2023 www.cerradogold.com
CERRADO GOLD STRENGTHENS OWNERS TEAM AT MONTE DO CARMO GOLD PROJECT IN
TOCATINS BRAZIL
• Owners Team strengthened in anticipation of construction later this year
• Mr. Antonio Peixoto appointed Director of Operations, Brazil
• Mr. Mauricio Colletti appointed as Chief Mining Engineer and Mr. Mauro De Silva appointed as Chief
Processing Engineer
TORONTO, ONTARIO - Cerrado Gold Inc. [TSX.V: CERT][OTCQX:CRDOF] ("Cerrado" or the "Company”) is pleased
to announce that it has continued to strengthen its in country development, construction and operations team in
anticipation of commencing construction activities later this year at its Monte do Carmo project in Tocantins sate,
Brazil. Cerrado has appointed Mr. Antônio Peixoto as Director of Operations at its Monte do Carmo Project . In
addition, the Company has also appointed Mr. Mauricio Coletti as Chief Mining Engineer and Mr. Mauro De Silva as
Chief Processing Engineer . The new hires add several decades of operational experience to the Owners Team and
reunites at team that have worked together on several successful operations and construction projects including
Pan American’s Jacobina Gold Mine and Largo Resources Maracas Vanadium Mine.
Mr. Peixoto brings over 36 years of experience in the mining sector with over 22 years of direct management and
operational experience. Mr. Peixoto joins most recently from Hochschild Mining Plc, where he was General Manager
of the Mara Rosa project in the state of Goias, Brazil. Mr. Peixoto was responsible for overseeing all aspects of the
operation including mining, exploration, plant operations, administrative and financial teams and most importantly,
safety, environment and security. Previous roles have included operational management in Brazil for Prometalica,
Kinross and Anglogold. Mr. Peixoto has a Master of Business Administration from the Getúlio Vargas Foundation
and a Degree in Metallurgical Engineering from the Universidade Federal de Ouro Preto.
Mr. Mauricio Coletti has over 45 years experience in both open pit and underground operations across a range of
commodities. Mr. Coletti was formerly at Largo Resources where he held the position of Mine Manager. Mr. Coletti
has also held similar roles with Yamana at Jacobina and previously at the same mine when operated by Anglogold.
Mr. Coletti has a Mining Engineering Degree from the Universidade Federal do Rio Grande do Sul and a Post-graduate
degree in Environmental Engineering from the University of Paraná-UFPR.
Mr. Mauro De Silva is an electrical engineer with over 35 years of experience in the engineering and maintenance of
mining and metals processing plants. Mr. De Silva most recently held positions at L argo Resources, Yamana Gold ,
Anglo America , Caraíba Mining (currently Ero Copper ) and Vale, where he has been inv olved in Maintenance
Management, Project Coordination and Management. Mr. De Silva ha s a degree in electrical engineering from the
Federal University of Minas Gerais.
Mark Brennan, CEO and Chairman commented , “It is my great joy to see our owners team reunited to build yet
another mine following Maracas (Largo) and Jacobina (Pan American Silver). We welcome Antonio, Mauricio and
Mauro to the Cerrado team. Together with Kurt Menchen, our leader in Brazil, we are confident in our ability to bring
the Monte do Carmo mine into production efficiently and on budget by early 2025.”
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.
For more information about Cerrado please visit our website at: www.cerradogold.com.
For further information, contact:
Mark Brennan David Ball
CEO and Chairman Vice President, Corporate Development
Tel: +1-647-796-0023 Tel: +1-647-796-0068
[email protected] [email protected]
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Forward-looking statements contained in this press release include, without limitation, statements regarding the
business and operat ions of Cerrado. In making the forward - looking statements contained in this press release,
Cerrado has made certain assumptions, including, but not limited to the expected timing of commencement of
construction activities at Monte do Carmo, the ability to develop Monte do Carmo efficiently and on budget in early
2025. 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 p rove to be correct. Known and
unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ
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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.