Mr. Derek Macpherson reports

OLIVE RESOURCE CAPITAL PROVIDES UPDATE ON INVESTMENTS FOR MARCH 2026

Olive Resource Capital Inc. has provided investors an update on its investments for the period ending March 31, 2026.

Samuel Pelaez, the company's president, chief executive officer, chief investment officer and director, stated: "The conflict in Iran was the defining factor for commodity and equity performance during the month. Market volatility, as measured by the VIX Index, rose to the highest since the U.S. tariff announcement in April, 2025. The U.S. dollar rose and major commodities declined, with the notable exception of oil and gas, which rose sharply. Commodity equities followed their respective reference commodity but underperformed. At Olive, we cautiously deployed a portion of the cash we had raised the previous month in anticipation of volatile events. The company remains well deployed into the first half of the new year, which is historically associated with strong seasonal performance for the entire commodity complex."

Derek Macpherson, the company's executive chairman, stated: "March was a challenging month for commodities and the associated equities, resulting in a decline in investment value; however, we remain up year to date and repositioned our portfolio in March to reflect the new reality caused by the conflict in Iran. We continue to believe that we are in the early days of an extended bull market in commodities, and while March represented a meaningful drawdown, it appears to us that the longer-term trend remains intact."

Normal course issuer bid (NCIB)

Pursuant to the NCIB, the company repurchased two million shares during the month of March, 2026. As of the date of this release, the company holds 4,116,500 common shares in treasury pending cancellation.

As of the date of this release, Olive Resource Capital has 106,744,709 common shares outstanding.

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.