Cerrado States that Mont Sorcier Feasibility Contemplates a Increased Via-put Price by 60%

Chibougamau Impartial Mines Inc. (CBG-TSX-V in Canada, CLL1-Frankfurt, Stuttgart, Berlin and Lang & Schwarz Inventory Exchanges in Germany, CMAUF-OTC within the US), herein referred to as Chibougamau, is happy to tell shareholders that Cerrado Gold Inc. has supplied an replace on the progress to the event of its Mont Sorcier excessive purity magnetite iron undertaking situated on the normal Cree Territory of Eeyou Istche James Bay within the municipality of Chibougamau, Quebec. The Mont Sorcier undertaking is at present within the later levels of a feasibility examine which Cerrado has focused to be accomplished by Q22026. Chibougamau holds a 2% Gross Steel Royalty (GMR) on Iron and Vanadium manufacturing from the Mont Sorcier Mission .

The Key Updates to the Mont Sorcier Feasibility Examine

• Cerrado acknowledged that the feasibility examine will ponder a 60% enhance within the manufacturing fee to eight million tonnes each year vs. 5 million tonnes each year within the PEA printed September 8, 2022.
• Cerrado has indicated {that a} phased manufacturing begin from 4 million tonnes each year at first to eight million tonnes each year in roughly the three ^rd 12 months of manufacturing. This enhance is forecasted to extend capital prices for section one by 30-40% relative to the PEA because of revised stream sheet design and infrastructure upsizing to fulfill the eventual section two throughput. Cerrado expects Part 2 capital prices to be considerably decrease due partly to the development of sure services in section one which have been beforehand deliberate to be constructed in section two.
• Cerrado acknowledged that the useful resource will see an extra 17,890 metres of useful resource definition drilling added to the database, with some assays nonetheless pending.
• Cerrado anticipates the mine life will stay at 20 years regardless of the rise in through-put because of the anticipated outcomes of the following mineral useful resource replace.
• Cerrado indicated that the Mont Sorcier undertaking is progressing properly to submit the tasks ESIA in This autumn/2026 and are nonetheless assured that building may begin in mid 2028, if all permits and financing necessities are obtained.

Chibougamau is happy to see Cerrado’s continued progress of the Mont Sorcier undertaking feasibility examine in direction of manufacturing.

Shareholders looking for extra detailed data are suggested to entry the Cerrado Gold Inc. press launch dated November 10, 2025 by clicking right here .

This press launch was written by David Christie, P. Geo., Advisor for Chibougamau Impartial Mines Ind. in his capability as a Certified Individual (Q.P.) below NI 43-101.

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