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San Angelo Oil Limited Enters Into Business Combination Agreement With Cabral Gold Ltd.

VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 11, 2017) – San Angelo Oil Limited (“San Angelo”) (NEX:SAO.H) is pleased to announce that it has entered into a business combination agreement dated May 10, 2017 (the “Agreement”) to acquire Cabral Gold Ltd. (the “Transaction”). Cabral Gold Ltd. (“Cabral”) has a 100% interest in the Cuiú Cuiú gold deposit which is located in the Tapajos Region of Brazil.