Cabral Gold Inc. provide an update regarding the current reconnaissance RC drilling at Tracaja and the identification of a compelling new drill target at Indio, within the Cuiú Cuiú gold district in northern Brazil. Reconnaissance surface sampling at the Indio target returned gold values from quartz-sulphide float material up to 137.8 g/t gold. Reconnaissance drilling is planned during the second half of January A northeast-trending vein structure has been identified in reconnaissance drilling at the Tracaja target where a total of seven reconnaissance RC holes have been completed to date. Nineteen surface grab samples collected from the edge of historic placer workings at Tracaja in Novembe 2020, returned gold values of 24.2 g/t to 165.0 g/t gold and averaged 74.9 g/t gold.