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Cerrado Gold Inc.: Cerrado Gold Commences 12,000 Metre Drill Program at the Minera Don Nicolas Gold Project in Santa Cruz Province, Argentina Toronto, Ontario (Newsfile Corp. - February 1, 2021) - CERRADO GOLD ( Cerrado or the Company ) is pleased to announce the commencement of its 2021 exploration drill program at the Minera Don Nicolás Project ( Minera Don Nicolás or the MDN Project ) located in Santa Cruz province, Argentina. The new drill program is expected to consist of approximately 12,000 metres of core drilling and supporting assay work to build upon the current resources outlined at the MDN Project. Cerrado expects the program to be completed by July 2021 with the publication of a new 43-101 Mineral Resource estimate thereafter.

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