Mr. Peter Tagliamonte reports

BELO SUN ANNOUNCES 2023 AGM VOTING RESULTS

Belo Sun Mining Corp. has provided the voting results from the annual general meeting of shareholders in accordance with the policies of the Toronto Stock Exchange.

The company announces that the nominees listed in the management proxy circular dated May 8, 2023, for the 2023 annual meeting of shareholders of Belo Sun were elected as directors of the company. Shareholders at the annual meeting also approved the appointment of the company's auditor. A total of 62.465 per cent of all of the issued and outstanding shares of Belo Sun were represented at the meeting.

Detailed results of the vote for the election of directors held at the meeting on June 14, 2023, in Toronto, Ont., are set out herein.

Election of directors

The shareholders approved the election as directors, based on a vote.

          VOTING RESULTS FOR ELECTION OF DIRECTORS

Nominee                   % votes for       % votes withheld

Peter Tagliamonte              97.427                  2.573
Mark Eaton                     88.351                 11.649
Carol Fries                    97.703                  2.297
Peter Nixon                    94.344                  5.656
Rui Botica Santos              98.368                  1.632
Ayesha Hira                    97.075                  2.925

Shareholders voted 99.441 per cent in favour of the approval of the appointment of the company's auditor, with 0.559 per cent of shareholders withholding their vote on the appointment of the auditor.

Following the filing and mailing of the circular, the board of directors of the company determined to withdraw the resolutions approving the company's stock option plan and the changes to the deferred share unit plan given the feedback from shareholders of the company. Accordingly, those resolutions were not put to shareholders at the meeting.

Belo Sun's board would like to express its gratitude to its shareholders for their high levels of participation and support.

About Belo Sun Mining Corp.

Belo Sun is a Canadian-based mining company with a portfolio of gold-focused properties in Brazil. The company is currently focused on the development of the Volta Grande gold project. Belo Sun trades on the Toronto Stock Exchange under the symbol BSX and on the OTCQX under the symbol BSXGF.

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