Mr. Clovis Torres reports

BELO SUN ANNOUNCES FINAL RESOLUTION OF CIVIL PUBLIC ACTION

Civil Public Action (CPA) No. 0000242-26.2017.4.01.3903, filed by the Federal Public Defender's Office (Defensoria Publica da Uniao, DPU) against Belo Sun Mineracao Ltda., Belo Sun Mining Corp.'s wholly owned Brazilian subsidiary, and the State of Para, in connection with the Volta Grande gold project, has ended with no decision on the merits. Appeals are no longer possible.

The action originally challenged the project's indigenous component study (ECI) for the installation licence (IL). It sought to suspend licensing until additional consultations and studies with local indigenous communities were completed, specifically the Araras da Volta Grande and Jurunas of Paquicamba. The Federal Regional Court of the 1st Region (TRF1) unanimously confirmed the case must be permanently dismissed because it duplicated an earlier lawsuit covering the exact same claims and remedies. The DPU did not appeal before the statutory deadline, rendering the TRF1's decision final and binding.

Clovis Torres, chief executive officer of Belo Sun, commented: "This final court ruling is a major milestone for Belo Sun and a clear validation of our legal position. Other repetitive lawsuits will certainly have the same fate. It reinforces our confidence in Brazil's judicial framework as we remain focused on advancing the project responsibly, while maintaining open communication with local stakeholders and delivering long-term value for our shareholders."

Belo Sun will continue to vigorously defend its legal position in the Brazilian courts and will continue to provide updates as warranted.

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 OTCQB under the symbol BSXGF.

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