Cerrado Gold Inc V.CERT

Agreement for US$10 M.Equalization Stream Financing V.CERT

[Betteryear2]

TORONTO, ON / ACCESSWIRE / March 2, 2023 / Cerrado Gold Inc. (TSXV:CERT)(OTCQX:CRDOF)("Cerrado" or the "Company") is pleased to announce that it has entered into an amended and restated metals purchase and sale agreement (the "Agreement") with Sprott Private Resource Streaming and Royalty (B) Corp. ("Sprott"), to include the concessions acquired by the Company in its acquisition of Minera Mariana Argentina S.A. in 2020 (see the Company's news release dated October 28, 2020), broadening the stream area including, most notably, production from the Las Calandrias heap leach project where production is expected to commence in Q2/23. The Agreement also provides Cerrado with an additional US$10 million in funding in the form of an additional deposit (the "Deposit") against future production. Substantially all other terms of the Agreement are materially unchanged.

Cerrado Gold Enters Into Agreement for US$10 Million Equalization Stream Financing at Its Minera Don Nicols Mine in Argentina (accesswire.com)