CBR.V | www.cabralgold.com JUNE 2018 Expanding the Cuiú Cuiú Gold Project in Brazil
Disclaimer The material presented herein is private and confidential. The contents are not to be reproduced or distributed to any third party, including the public or press. Certain statements contained in this presentation constitute forward-looking statements. These statements relate to future events or the Corporation's future performance, business prospects or opportunities. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect, "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Corporation believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. These statements speak only as of the date specified. The Corporation does not intend, and does not assume any obligation, to update these forward-looking statements. These forward-looking statements involve risks and uncertainties relating to, among other things, results of exploration activities, uninsured risks, regulatory changes, defects in title, availability of materials and equipment, timeliness of government approvals, changes in commodity and, particularly, gold prices, actual performance of facilities, equipment and processes relative to specifications and expectations and unanticipated environmental impacts on operations. Actual results may differ materially from those expressed or implied by such forward- looking statements. 2
Summary • Management - 30 years experience in Brazil. 5 gold discoveries with 43-101 compliant resources, Tocantinzinho, Cuiú Cuiú, Palito, Coringa, and Cajuiero (+5Moz) • Assets - 100% interest in the Cuiú Cuiú gold project in Brazil; Indicated resources of 0.2Moz + Inferred resources of 0.8Moz, adjacent to Eldorado Gold’s 2Moz Tocantinzinho project (mining license granted May 2018) • Upside – gold-in-soil anomaly (+70ppb gold) over 18km which is largely untested. Four deposits with resources, largely open. Drill intercepts in six other targets outside existing resources incl. 39m @ 5.1g/t and 27m @ 6.9g/t gold. Numerous additional areas of surface gold mineralization recently identified – preliminary results pending • News flow – Trenching, auger drilling and surface sampling in progress, drilling planned for late 2018 aimed at expanding resource and testing newly identified targets • Share structure – 31.4M shares issued. 41.2M fully diluted • Cash - $3M cash, Market cap of C$9.8M. Enterprise value C$6.8M or C$6.8/oz 3
Experienced Board and Management Management Mark Smith – Executive Chairman (BSc, MSc). +40 years experience in mining industry as a geologist (Cominco, OGS), mining analyst specializing in gold (Marleau-Lemire, C.M. Oliver, First Associates, Dundee Securities) and as an investment banker with Dundee Securities, Stifel Nicholas and M Partners – former Chairman PDAC Convention Alan Carter – President and Director: (BSc, PhD in Geology) +25 years of experience, 13 with Rio Tinto + BHP Billiton. Previously CEO of Magellan Minerals – sold to Anfield Gold in May 2016. Co-discoverer of Tocantinzinho. Director of Peregrine Diamonds, Fremont Gold and Altamira Gold Paul Hansed – Chief Financial Officer: (CCPA, CA, BBa) 25+ years of accounting and finance experience including 19 years with KPMG in Canada and Europe. Previous CFO of Magellan Minerals Ltd Ruari McKnight – Manager Brazil: (BSc). Co-founded Serabi Gold and ex-CFO. Founding partner of Dourave Mining – bought by Eurasian Minerals in 2010 Board of Directors Charles Oliver: (CFA, BSc in Geology, AccDir). Former Lead Portfolio Manager for Sprott Gold and Precious Metal Fund, and at AGF Funds, where he managed a variety of funds. Currently a director Klondex Mines Ltd and Orezone Resources Dennis Moore: (BSc, M Eng) +35 years of experience in mining exploration in Australasia and South America. Co- discoverer of Tocantinzinho. Co-founder and former VP Exploration Magellan Minerals. CEO of Fremont Gold Ltd. Derrick Weyrauch: (BA Econ., CA. ICD.D.) +25 years of experience in senior management focused on financing, corporate restructuring, strategic planning and M&A transactions. Director of Jaguar Mining from 2013 to 2014, and CFO until 2016. Prior CFO of several junior exploration companies. Currently a director of Banro and Eco Oro 4
Capital Structure Shares Issued and Outstanding 31.4M Options 1.2M Warrants 8.6M 3.5M at $0.75 expiring 30/10/18 0.3M at $0.33 expiring 30/10/19 3.5M at $0.90 expiring 30/10/19 0.4M at $0.60 expiring 30/10/19 0.6M at $0.25 expiring 26/05/21 Fully diluted 41.2M Market capitalization (5 th June 2018) C$9.8M Management Ownership 42% Symbol CBR on TSXV CBGZF on USA 5
Cuiú Cuiú: Regional Location Tapajos Region Site of the world’s largest ever gold rush between mid 1970’s and mid 1990’s . Largest placer gold province in Brazil. Third largest in world. Estimated to have produced 20-30Moz of placergold. 6
Cuiú Cuiú - overview • Largest garimpo in Tapajos – estimated 2Moz of placer gold produced • Resource – Four deposits totaling 5.9Mt @ 0.9g/t gold 0.2Moz (Indicated) + 19.5Mt @ 1.2g/t gold 0.8Moz (Inferred) • Proximity to Tocantinzinho project of Eldorado Gold – 2.1Moz M&I resource @1.35g/t Au. Feasibility study completed. Mining license granted May 2018, fully permitted • Gold-in-soil anomaly extends over an 18km length – based on +12,000 soil samples • Six other advanced targets outside the current resources – key intercepts include: 8m @ 2.8g/t at Ivo 47m @ 1.8g/t at Pau de Merenda 39m @ 5.1 g/t at Jerimum Cima 3.3m @ 7.4g/t at Machiche 0.5m @ 30.1g/t at Guarim 27m @ 6.9g/t at Central SE • Numerous undrilled high-grade surface showings – eg. Germano 254g/t, Villa Rica 80.1g/t, Belisco Lua 17.7g/t, B. Onca 18.5g/t – 87.8g/t gold, Geraldo Preto 21.7g/t – 103.2g/t gold 7
Cuiú Cuiú: Larger Artisanal Footprint than TZ • 36K ha property contiguous and on trend to the northwest ofTZ • Cuiú Cuiú reportedly produced 10x the gold of TZ from artisanal workings during the Tapajos goldrush • Accessible by road and navigableriver • Serviceable airstrip at the small village of Cuiú Cuiú on the property, population ~400 A limited number of garimperos continue to be active at Cuiú Cuiú and are now exploiting saprolite in places 8
Cuiú Cuiú: Numerous untested targets in core area Key targets areas within core area at Cuiu Cuiu. Deposits with resources are shown in red and the main exploration targets are shown in yellow
Cuiú Cuiú – Gold-in-soil Anomaly Extends over 18km Area of detail JB Deposit OP Inf. 2Mt @ 0.81g/t + UG Inf. 0.1Mt @ 1.90g/t Undrilled surface showings Central North Deposit OP Inf. 0.2Mt @ 0.66g/t + UG Inf. 0.01Mt @ 1.45g/t Central Deposit OP Ind. 5.9Mt @ 0.90g/t + OP Inf. 7.2Mt @ 0.98g/t + UG Inf. 1.46Mt @ 1.84g/t Moreira Gomes Deposit OP Inf. 6.7Mt @ 1.36g/t + UG Inf. 1.9Mt @ 1.77g/t + Colors in red indicate soils containing +70ppbgold, soil data based on approx. 12,000 soil samples, 179 drill holes 10
Cuiú Cuiú – Placer Workings Unexplained Placer workings Unexplained Placer workings Central North Deposit OP Inf. 0.2Mt @ 0.66g/t + UG Inf. 0.01Mt @ 1.45g/t JB Deposit OP Inf. 2Mt @ 0.81g/t + Central Deposit UG Inf. 0.1Mt @ 1.90g/t OP Ind. 5.9Mt @ 0.90g/t + OP Inf. 7.2Mt @ 0.98g/t + UG Inf. 1.46Mt @ 1.84g/t Moreira Gomes Deposit Unexplained Placer workings OP Inf. 6.7Mt @ 1.36g/t + UG Inf. 1.9Mt @ 1.77g/t + 11
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