Cerrado Gold Appoints Chris MacInnis as Vice President, Geology

TORONTO, Aug. 24, 2026 (GLOBE NEWSWIRE) — Cerrado Gold Inc. [TSX.V:CERT][OTCQX:CRDOF] (“ Cerrado ” or the “ Company ”) is pleased to announce the appointment of Mr. Chris MacInnis to the position of Vice President, Geology, effective immediately. Mr. MacInnis joined Cerrado as a Director of Geology and Resources in March 2023.

Mr. MacInnis is a professional Geologist with over 20 years of experience in mineral resource definition and exploration. Prior to joining Cerrado Gold, Mr. MacInnis was the head of the Mineral Resource division at GoldSpot, where he helped develop AI algorithms to leverage big data and identify new exploration targets for precious and critical minerals worldwide. Prior to that, he was with SRK Consulting as a Senior Geologist, co-authoring and contributing to dozens of 43-101 compliant reports on properties across the US, Canada and Mexico, and producing new resource estimations for many commodities, including narrow vein and stockwork gold, silver, copper, PGE’s and base metals. Mr. MacInnis also worked at Datamine Canada, is a former elected Board Member for the Professional Geoscientists of Ontario and holds a BSc from St. Mary’s University.

Mark Brennan, CEO and Chairman, commented: “On behalf of the Company’s board of directors and management team, I am pleased to announce the appointment of Chris as Vice President, Geology. It is well earned. The depth of his experience and strong track record in exploration and resource definition speaks for itself. His experience will continue to support the Company as it continues to execute on its ongoing 50,000-meter surface and 20,000-meter underground drill programs underway at Minera Don Nicolas, as well as the infill drilling program planned at the Mont Sorcier project in Quebec.”

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In addition, the Company has issued 325,000 restricted share units (“RSUs”) to eligible participants under the Company’s amended & restated omnibus incentive plan. The RSUs shall vest in 12 months. Once vested, each RSU represents the right to receive one common share of the Company.

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 operation through continued operational optimization and is growing production through its operations at the Las Calandrias heap leach project.