Unlocking the Potential of the Cuiú Cuiú Gold Project

CEO is one of the largest shareholders and has so far invested C$1.95M into the Company. Management is credited with 5 gold discoveries in Brazil with NI 43-101 compliant resources, including a nearby 2Moz Tocantinzinho deposit which is now in production and Brazil’s third largest gold mine. Sold last company to Ross Beaty – now part of Equinox Gold.

Two main gold deposits located 5km apart with NI 43-101 compliant Ind. resources of 12.29Mt @ 1.14 g/t gold (450,200oz) in primary material and 13.56Mt @ 0.50 g/t gold (216,182oz) in oxide material + Inferred resources of 13.63Mt @ 1.04 g/t gold (455,100oz) in primary material and 6.40Mt @ 0.34 g/t gold (70,569oz) in oxide material.

The Cuiú Cuiú project is located immediately NW of GMining Venture’s Tocantinzinho gold mine which entered commercial production in September 2024 and is currently Brazil’s third largest gold mine producing 200,000oz of gold per year.

Cuiú Cuiú produced 10x more placer gold than Tocantinzinho and unlike Tocantinzinho, Cuiú Cuiú is a district covering 15 x 10km containing 50 targets which are peripheral to 3 known deposits and four discoveries.

Four new hard rock discoveries at PDM, Machichie Main, Machichie NE and Jerimum Cima, all of which require further drilling. Drill results from these targets include

Four new hard rock discoveries at PDM, Machichie Main, Machichie NE and Jerimum Cima, all of which require further drilling. Drill results from these targets include

The Company is pursuing a two-stage development strategy for the Cuiú Cuiú district. Stage 1 will involve the mining and heap leach processing of the near surface gold-in-oxide material. Cash flow from the initial Stage 1 starter operation will be used to drill off and expand the much larger hard-rock resource and scope out the larger Stage 2 mining and milling operation.

The Company completed an Updated PFS for Stage 1 in July 2025. The PFS resulted in after-tax IRR of 78% and NPV 5 of $74M and a 10 month payback at a capital cost of US$37.7M at a gold price $2500/oz base case. Stage 1 cash flow will allow for self-funded drilling and expansion of the global resource base, which may lead to PEA on much larger hard rock resource (Stage 2).

The Company announced that it had secured a US$45 million gold loan in October 2025, which fully funds the Stage 1 mining operation. The transaction closed in November 2025. Construction is in progress with the first gold pour expected in Q4 2026.