Mr. Derek Macpherson reports

OLIVE RESOURCE CAPITAL PROVIDES UPDATE ON INVESTMENTS FOR MAY 2026

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

Samuel Pelaez, the company's president, chief executive officer, chief investment officer and director, stated: "U.S. bond yields and the U.S. dollar both advanced in May. Gold and oil retreated as markets anticipate a resolution to the crisis at the Strait of Hormuz. Copper was a standout positive performer as warehouse inventories unexpectedly declined. Commodity equities outperformed their respective commodity references as perceived risk in markets decreased. At Olive, we made minor specific net additions to the portfolio. However, we remain cautious as major seasonal tailwinds begin to wind down at a time investors appear to show complacency toward the risks posed by a prolonged disruption in global energy markets."

Derek Macpherson, the company's executive chairman, stated: "Despite significant volatility in markets and most commodity related equity indices being relatively flat, Olive's portfolio continued to outperform, with the investments up more than 7 per cent in the month. This is reflective in a shift in the portfolio as we look to add more copper exposure, following some significant wins with gold-focused equities. We continue to maintain above typical cash levels, based on our current market view and we are ready to take advantage of any market dislocations that may occur in the near term."

Normal course issuer bid (NCIB)

As of the date of this release, the company holds four million common shares in treasury pending cancellation.

As of the date of this release Olive Resource Capital has 107,207,209 common shares outstanding inclusive of the shares in treasury pending cancellation.

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.