Mr. Derek Macpherson reports

OLIVE RESOURCE CAPITAL PROVIDES UPDATE ON INVESTMENTS FOR OCTOBER 2026

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

Samuel Pelaez, the company's president, chief executive officer, chief information officer and director, stated: "The month of October is seasonally weak for equities and for resource investing. Performance this October was driven by a spike in volatility, a higher U.S. dollar and broadly weak commodities -- with the exception of crude oil, which continued its advance. In the resource equities universe, all major indices underperformed their commodity references, with most posting double-digit drawdowns. In addition to a weak seasonality, there was evidence of headline volatility as we approach the U.S. midterm elections, as well as a marked tax-loss selling environment. At Olive, we continue to be active in deploying capital opportunistically in this weak market and in companies we consider having near-term tangible catalysts."

Derek Macpherson, the company's executive chairman, stated: "The resource equity weakness from September continued into October. With the market weakness continuing, Olive has been very selectively deploying capital during this period and consequently has more than $2.8-million (Canadian) in cash or approximately 15.7 per cent of assets available to deploy. Olive plans to be more aggressive deploying capital into year-end to take advantage of seasonal trends and the anticipated abatement of some of the factors creating the current risk-off environment."

Normal course issuer bid (NCIB)

The company's NCIB expired in September, 2026. All shares held in treasury have been cancelled. The company has applied to the TSX Venture Exchange for approval to conduct a new NCIB. Further details will be provided in subsequent news releases.

As of the date of this news release, Olive has 132,417,754 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.