-- All matters presented for shareholder approval were overwhelmingly 
      approved 

TORONTO, June 18, 2026 (GLOBE NEWSWIRE) -- Cerrado Gold Inc. [TSX.V: CERT][OTCQX:CRDOF] ("Cerrado" or the "Company") is pleased to announce that, at its Annual Meeting of Shareholders ("Meeting"), all matters presented to shareholders were overwhelmingly approved. Details of the voting results are set out below.

Meeting Voting Results

A total of 21,228,165 common shares were voted at the Meeting, representing 15.675% of the votes attached to all outstanding common shares of the Company. All matters presented for shareholder approval at the Meeting were duly authorized and approved as follows.

Election of Directors

The shareholders elected each of the nominees listed in the Company's Management Proxy Circular. Details of the voting results are as follows:

 
                                                              Votes 
        Name                Votes For         %             Withheld       % 
                      ----------------  ----------  ------------------- 
    Mark Brennan            10,952,408      99.174               91,272  0.826 
   Maria Virginia 
       Anzola               10,638,220      96.329              405,461  3.671 
 Christopher Jones          11,036,789      99.938                6,891  0.062 
    Kurt Menchen            11,036,289      99.933                7,391  0.067 
     Rui Santos             11,015,508      99.745               28,172  0.255 
   Robert Sellars           11,036,289      99.933                7,391  0.067 
 

Appointment of Auditor

McGovern Hurley LLP was appointed auditor of the Corporation and the directors of the Corporation were authorized to fix the auditor's remuneration. Details of the voting results are as follows:

 
                 Total Votes  % of Votes Cast 
   Votes For      21,226,373           99.992 
Votes Withheld         1,791            0.008 
 

Options Issuance

The Company also announces that it has issued 100,000 options to a consultant under its amended and restated omnibus incentive plan. The options have an exercise price of $1.79, will vest immediately and expire in two years.

About Cerrado

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 Chibougamou, Quebec.

In Argentina, Cerrado is maximizing asset value at its Minera Don Nicolas ("MDN") operation through continued operational optimization and is growing production through its operations at the Las Calandrias heap leach project. An extensive campaign of exploration is ongoing to further unlock potential resources in our highly prospective land package in the heart of the Deseado Masiff.

In Portugal, Cerrado is focused on the development and exploration of the highly prospective Lagoa Salgada VMS project located on the prolific Iberian Pyrite Belt in Portugal. The Lagoa Salgada project is a high-grade polymetallic project, demonstrating a typical mineralization endowment of zinc, copper, lead, tin, silver, and gold. Extensive exploration upside potential lies both near deposit and at prospective step-out targets across the large 7,209-hectare property concession. Located just 80km from Lisbon and surrounded by existing infrastructure, Lagoa Salgada offers a low-cost entry to a significant development and exploration opportunity, already showing its mineable scale and cash flow generation potential.

In Canada, Cerrado holds a 100% interest in the Mont Sorcier high-purity, high-grade DRI Iron Ore project, which has the potential to produce a premium iron ore concentrate over a long mine life at low operating costs and low capital intensity. Furthermore, its high-grade and high-purity product facilitates the migration of steel producers from blast furnaces to electric arc furnaces, contributing to the decarbonization of the industry and the achievement of sustainable development goals.

For more information about Cerrado, please visit our website at: www.cerradogold.com.

Mark Brennan

CEO and Chairman

Mike McAllister

Vice President, Investor Relations

Tel: +1-647-805-5662

mmcallister@cerradogold.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

(END) Dow Jones Newswires

June 18, 2026 06:07 ET (10:07 GMT)