• Significant high-grade silver-rich mineralization discovered at Toro Central in Argentina
• Planning for Airborne Electromagnetic survey in Botswana's Kalahari Copper Belt
• Strategic tenement acquisition at El Faro adjacent to Toro South prospect

Belararox Ltd provided an update on its key projects during the March 2026 quarter. At the TMT project in Argentina, the company accelerated drilling with the addition of a second rig, leading to the identification of significant high-grade silver-rich mineralization at the Toro Central prospect. Drill hole TMT-TC-DDH-002 intersected two notable intervals, including 47m @ 171.99 g/t Ag, 3.99% Zn, 0.23% Cu, 0.22 g/t Au and 0.34% Pb from 59m, and a deeper zone of 48m @ 55.76 g/t Ag, 3.18% Zn, 0.35% Cu, 0.10 g/t Au and 0.11% Pb from 130m. The company also completed the strategic acquisition of the El Faro tenement adjacent to the Toro South prospect, expanding its exploration footprint. In Botswana, Belararox reviewed existing datasets and finalized plans for a 1,915 km Airborne Electromagnetic survey covering high-priority areas of the Kalahari Copper Belt. The company also announced it is exploring options to divest or partner on its Belara project in New South Wales, Australia, to focus on its core projects in Argentina and Botswana.

The company expects to provide regular updates on progress at the Kalahari Copper Project in Botswana, further assay results from the TMT project in Argentina, and the refinement of drilling targets for the next field season in Argentina.