Mr. Derek Macpherson reports

OLIVE RESOURCE CAPITAL PROVIDES UPDATE ON INVESTMENTS FOR JULY 2025

Olive Resource Capital Inc. has provided investors with an update on its investments for the period ending July 31, 2025.

As of the date of this release, Olive Resource Capital has 106,144,709 common shares outstanding.

Samuel Pelaez, the company's president, chief executive officer, chief investment officer and a director, stated: "In July, the U.S.-dollar rebounded following six months of consecutive declines. This set-up, which is traditionally negative for the commodity complex, this time did not result in weakness in the sector. For the month, gold and oil advanced, with related equities also advancing. Copper was the outlier, declining sharply as affected by tariff announcements that created short-term price dislocations. With the strong seasonal period for commodities between January and May behind us, at Olive, we are now looking at opportunities more cautiously during the summer. The fall period is typically seasonally weak for the sector, and we are currently investing with that horizon in mind."

Derek Macpherson, the company's executive chairman, stated: "Olive's strong investment performance in 2025 continued in July, with the value of our assets increasing another 3 per cent, putting the portfolio up 37 per cent year to date. Our focus, on fewer higher-conviction investments, like Omai Gold Mines, up over 240 per cent year to date, continues to drive this strong performance."

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.