Cerrado Gold Appoints Ed Guimaraes as Executive Vice President

Rhea-AI Summary

Cerrado Gold has appointed Ed Guimaraes as Executive Vice President, effective June 1, 2025. Guimaraes brings over 30 years of mining industry experience, including significant roles as CFO at Sierra Metals (2014-2023) and Executive VP Finance & CFO at Aur Resources (1995-2007). His expertise spans base and precious metals operations across North and South America, notably contributing to Aur Resources' US$4.1 billion acquisition by Teck Resources. A Chartered Professional Accountant with ICD-Rotman certification, Guimaraes will support Cerrado's growth initiatives, particularly the Minera Don Nicolas gold mine expansion and advancement of the Lagoa Salgada VMS and Mont Sorcier Iron Ore Projects.

Positive

• Appointment of highly experienced executive with 30+ years in mining industry
• Strong track record in major mining operations across North and South America
• Previous success with Executive Chairman in growing Sierra Metals
• Expertise in financial and operational aspects of mine development and expansion

Negative

• None.

TORONTO, ON / ACCESS Newswire / June 2, 2025 / Cerrado Gold Inc. (TSXV:CERT)(OTCQX:CRDOF)(FRA:BAI0) ("Cerrado" or the "Company") is pleased to announce the appointment of Ed Guimaraes to the position of Executive Vice President, effective June 1, 2025.

Mr. Guimaraes has over 30 years of experience in the mining industry, most recently in an executive advisory capacity and through several board directorships. His career spans a broad range of base and precious metals producers, having supported the development, expansion, and ongoing operations of copper, zinc, lead, gold, and silver mines in Canada, Chile, Peru, Mexico and Argentina. Mr. Guimaraes previously acted as the Chief Financial Officer at Sierra Metals between 2014 and 2023, and he was with Aur Resources between 1995 and 2007, ultimately serving as Executive Vice-President, Finance and Chief Financial Officer, until its acquisition by Teck Resources in 2007 for US$4.1 billion. Prior to 1995, he worked in the Toronto mining group of PricewaterhouseCoopers. Mr. Guimaraes is a Chartered Professional Accountant (CPA, CA), a graduate of the ICD-Rotman Directors Education Program (ICD.D) and holds a Bachelor of Arts in Administrative and Commercial Studies from Western University.

Mark Brennan, Executive Chairman, commented: "On behalf of the Board and Management, I would like to welcome Ed to the team. We had very strong success working together growing Sierra Metals, and his extensive financial and operational experience supporting development and expansion of projects will add significant benefit to the Company as we continue to grow the Minera Don Nicolas gold mine to its full potential and advance the Lagoa Salgada VMS and Mont Sorcier High Purity Iron Ore Projects."

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 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 exploration and development 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 exceptional infrastructure, Lagoa Salgada offers a low-cost entry to a significant exploration and development opportunity, already showing its mineable scale and cashflow generation potential.

In Canada, Cerrado holds a 100% interest in the Mont Sorcier high purity Iron project, which has the potential to produce a premium iron 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

Disclaimer

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.

This press release contains statements that constitute "forward-looking information" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.

Forward-looking statements contained in this press release include, without limitation, statements regarding the business and operations of Cerrado.

SOURCE: Cerrado Gold Inc.

View the original press release on ACCESS Newswire

FAQ

Who is Ed Guimaraes and what is his new role at Cerrado Gold (CRDOF)?

Ed Guimaraes has been appointed as Executive Vice President of Cerrado Gold, effective June 1, 2025. He is a mining industry veteran with over 30 years of experience, previously serving as CFO at Sierra Metals and Executive VP Finance & CFO at Aur Resources.

What is Ed Guimaraes' professional background before joining Cerrado Gold?

Guimaraes was CFO at Sierra Metals (2014-2023), Executive VP Finance & CFO at Aur Resources (1995-2007), and worked in PricewaterhouseCoopers' Toronto mining group. He is a CPA with ICD-Rotman certification and Western University graduate.

What projects will Ed Guimaraes oversee at Cerrado Gold (CRDOF)?

Guimaraes will support the growth of the Minera Don Nicolas gold mine and the advancement of the Lagoa Salgada VMS and Mont Sorcier High Purity Iron Ore Projects.

What was Ed Guimaraes' role in the Aur Resources acquisition?

Guimaraes served as Executive VP Finance & CFO at Aur Resources until its US$4.1 billion acquisition by Teck Resources in 2007.