Mr. Samuel Pelaez reports

OLIVE RESOURCE CAPITAL PROVIDES UPDATE ON INVESTMENTS

Olive Resource Capital Inc. has provided investors an update on its investments for the period ended May 31, 2025.

As of the date of this release, Olive had 106,144,709 common shares outstanding.

Samuel Pelaez, the company's president, chief executive officer, chief investment officer and director, stated: "The commodity complex advanced broadly during May. Equities rose and outperformed their respective commodities. The U.S. dollar dropped for a fourth consecutive month. The seasonal period between January and May is typically strong for the commodity complex, with this year proving particularly profitable. Heading into the summer, we remain well deployed into both the larger and the junior resource space, and have continued to reallocate capital into fewer, higher-conviction names."

Derek Macpherson, the company's executive chairman, stated: "Olive's strong investment performance in 2025 continued in May, with the value of our assets increasing in value by approximately 6.5 per cent since March 31, 2025, and are up almost 25 per cent since the start of the year. Our performance continues to be driven by our core investments, notably Omai Gold Mines, which was up over 20 per cent in May, and Sterling Metals, which rose over 75 per cent after reporting strong drill results."

About Olive Resource Capital Inc.

Olive is a resource-focused merchant bank and investment company with a portfolio of publicly listed and private securities. The company's assets consist primarily of investments in natural resource companies in all stages of development.

We seek Safe Harbor.