Mr. Robert Suttie reports

BE RESOURCES ANNOUNCES TERMINATION OF PRIVATE PLACEMENT

BE Resources Inc. has terminated its previously announced non-brokered private placement pursuant to which the company had proposed to issue up to 2.6 million common shares at five cents each to raise aggregate gross proceeds of up to $130,000. The private placement is being terminated due to applicable NEX regulations, which restrict the number of shares which the company may issue in a 12-month period. The company expects to revisit a potential private placement in due course.

In other news, the company also announces that, effective Dec. 31, 2025, Marrelli Capital Ltd. sold an aggregate of 7,609,176 common shares of the company to Robert Suttie for an aggregate sale price of $30,000. Mr. Suttie serves as the chief executive officer of the company. Following the closing of the share sale, Mr. Suttie owns common shares, representing approximately 67 per cent of the issued and outstanding common shares of the company.

We seek Safe Harbor.