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Cabral Resources Limited (ASX: CBS) New Tenement Additions and Company Update

         Positive amendments to agreement with tenement vendor in Brazil 

         8 of original 9 tenements in the process of being transferred to Cabral

         Ninth tenement request under consideration by DNPM before transfer

         Three additional tenements to be transferred to Cabral at no cost

         No change to target exploration tonnages of 331Mt ¬ 644Mt

Fugro agreement to complete extensive aeromagnetic survey

Cabral Resources Limited (ASX Code: CBS) ("Cabral") is pleased to provide the following  update on recent significant events.

As advised on 20 May 2011, the public attorney of Brazil's National Department for  Mineral Production ("DNPM") has issued his opinion in favour of vendor MSA Mineracao  Ltda ("MSA") on the decision for the suspension over the transfer of three (3) tenements.  These tenements are in the process of being transferred to Cabral following a short  period where a third party alleged an interest over these tenements.

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