Cerrado Gold to Acquire Falcon Properties in Argentina Adjacent to Minera Don Nicolas' Calandrias Operations

Cerrado Gold to Acquire Falcon Properties in Argentina Adjacent to the Minera Don Nicolas’ Calandrias Operations Acquisition of Falcon Properties has the potential to extend Heap Leach operations based on historical drill results. Combined with the existing exploration program, the acquisition is expected to position the mine to add new mineable material quickly An internal target for initial exploration outlined during the due diligence process indicates the potential for 150–200 koz/Au, with projected grades ranging from 0.8 to 1.1 g/t Au. The potential quantity and grade is conceptual in nature, there has been insufficient exploration to define a mineral resource and that it is uncertain if further exploration will result in the target being delineated as a mineral resource Key historical drill intercepts include: Drill Hole FD001 – 30 metres grading 1.42g/t AuEq Drill Hole FD004 – 48 metres grading 1.67g/t AuEq Drill Hole FD0010 – 52 metres grading 1.34g/t AuEq 5,000m drill program to commence immediately for resource definition and test significant exploration potential to further grow resources in the next three months First acquisition in Regional Consolidation strategy seeking to materially expand resources around the Calandrias Production Hub MDN strategy is to extend mine life initially and then increase production levels TORONTO, May 26, 2026 (GLOBE NEWSWIRE) --   CERRADO GOLD [TSX.V: CERT] [OTCQX: CRDOF] (" Cerrado " or the " Company ”) is pleased to announce that it and its wholly owned subsidiary, Minera Don Nicolas (“ MDN ”) have entered into a binding agreement dated May 20, 2026 (the “ Agreement ”) with a subsidiary of Pan American Silver Corp. (the “ Vendor ” or “ YASSA ”) to acquire the properties referred to as Falcon (the “ Falcon Properties ”) located in Santa Cruz Province, Argentina, immediately adjacent to the Company’s