Gold equivalent production of 13,832 Gold Equivalent Ounces (“GEO”) at AISC of $1,915/oz during Q3 2025 Adjusted EBITDA of $11.8 million for Q3 2025 Cash $16.5 million Partial hedge expires end December increasing future gold sale prices Full year guidance of 50,000-55,000 GEO maintained: Underground mining production to ramp up in the fourth quarter 20,000 metre exploration program expanded by 50,000 metres with additional rigs to arrive in the fourth quarter Significant progress at both the Lagoa Salgada and Mont Sorcier projects Management to host conference call on Monday, December 1 st , 11:00AM EST TORONTO, Nov. 28, 2025 (GLOBE NEWSWIRE) -- Cerrado Gold Inc. [TSX.V:CERT][OTCQX:CRDOF; FRA:BAI0] (“Cerrado” or the “Company”) announces its operational and financial results for the third quarter (“Q3/25”) including its Minera Don Nicolas (“MDN”) gold mine in Santa Cruz Province, Argentina; its Lagoa Salgada Polymetallic Project in Portugal; and its Mont Sorcier High Purity DRI Iron Project in Quebec. Financial results include the consolidated financial position of Ascendant Resources Inc. (“Ascendant”) following the close of the acquisition effective May 16, 2025.