Cerrado Files Notice to Implement Normal Course Issuer Bid

Executive Summary

• Cerrado Gold Inc. received TSX Venture Exchange approval to commence a normal course issuer bid, allowing the repurchase and cancellation of up to 5% (6,794,790 shares) of its outstanding common shares.
• The NCIB will run from February 3 2026 until either the share limit is reached, termination notice is given, or February 2 2027, whichever occurs first.
• The Board believes the current market price undervalues the company’s assets and prospects; the buy‑back is intended to enhance shareholder value.

Key Details

• Maximum Shares Repurchased: 6,794,790 common shares (≈5% of issued & outstanding).
• NCIB Period: Starts Feb 3 2026; ends on the earlier of:
• Completion of the 6,794,790‑share purchase,
• Company’s notice of termination, or
• Feb 2 2027.
• 30‑Day Purchase Cap: No more than 2% (2,717,916 shares) may be bought in any single 30‑day period.
• Broker Engagement: Stifel Financial Corp. appointed as broker for the NCIB.
• Purchase Mechanics: Acquisitions will occur via TSXV facilities and/or alternative trading systems at prevailing market price plus any applicable brokerage fees; all acquired shares will be cancelled.
• Insider Participation: Directors, senior officers, insiders, or affiliates have no present intention to sell shares under the NCIB.
• Previous NCIB Activity: This is Cerrado’s first approved normal course issuer bid.

Notable Quotes

“The market price of our Common Shares does not reflect the underlying value of the Company’s assets and future prospects, and repurchasing Common Shares will enhance shareholder value.” – Mark Brennan, CEO and Chairman, Cerrado Gold Inc.