Mr. Stephen Stewart reports

ORECAP SHAREHOLDERS APPROVE MCGARRY OPTION TRANSACTION WITH STARDUST METAL

Orecap Invest Corp]. shareholders have approved the previously announced option transaction with Stardust Metal Corp. at the company's annual general and special meeting held on July 14, 2026.

Transaction advances Orecap's strategy of unlocking value through partner-financed project advancement while retaining meaningful upside.

Stardust plans to commence near-surface drilling at McGarry in early August, 2026.

Orecap maintains significant exposure to exploration success through its equity ownership in Stardust Metal.

"The approval of this transaction represents another example of Orecap advancing its investment issuer model. We believe McGarry is one of the most compelling exploration opportunities in Kirkland Lake, and this partnership allows the project to be advanced by a dedicated operator while enabling Orecap shareholders to retain significant exposure to exploration success through our equity position in Stardust," said Stephen Stewart, Orecap's chairman.

Under the terms of the option agreement, Stardust may earn up to a 75-per-cent interest in Orecap's McGarry project, located in the Kirkland Lake gold camp along the Cadillac Break. Shareholder approval satisfies a key condition of the transaction, which remains subject to final approval from the TSX Venture Exchange.

Unlocking value through strategic partnerships

The McGarry transaction reflects Orecap's strategy of creating value through strategic investments and partnerships. By partnering with exploration-focused companies, Orecap seeks to unlock value from its asset portfolio while maintaining meaningful exposure to future discoveries and project advancement.

Stardust has outlined an active 2026 exploration program at McGarry, including a near-surface drilling campaign expected to commence in early August and follow-up work designed to advance both shallow and deeper discovery targets.

About Orecap Invest Corp .

Orecap seeks special situation investments in the natural resource sector that offer shareholders diverse exposure to high returns on precious and critical metal assets and businesses. Orecap has significant equity positions in portfolio companies, such as American Eagle Gold (TSX Venture Exchange: AE) (OTCQB: AMEGF), XXIX Metal Corp. (TSX-V: XXIX) (OTCQB: QCCUF), Stardust Metal Corp. (Canadian Securities Exchange: ZIGY), Auriginal Mining Corp. (TSX-V: AUME), Awale Resources Ltd. (TSX-V: ARIC) and Metal Energy Corp. (TSX-V: MERG) in addition to owning a broad portfolio of land packages focused on gold, copper and zinc. Agnico Eagle Mines is a 9.9-per-cent shareholder.

Orecap's equity holdings include those shown in the attached table.

We seek Safe Harbor.