Olive Resource Capital Provides Update on Investments for March 2026

Toronto, Ontario–(Newsfile Corp. – April 13, 2026) – Olive Resource Capital Inc. (TSXV: OC) is pleased to provide investors an update on its investments for the period ending March 31, 2026.

Table 1: Olive’s Investment Portfolio

1. For publicly listed investments traded on recognized exchanges, valuation is based on closing trading prices. For private equity investments, valuation is per the most recent financial statements. For Convertible Debentures, valuation is per the most recent financial statements, adjusted for interest accruals and convertibility value.

2. Derek Macpherson, Executive Chairman of Olive Resource Capital is a Director of this issuer (Omai; West Point). Samuel Pelaez, CEO of Olive Resource Capital is a Director of this issuer (Sun Valley).

3. Olive defines Liquid Investments as investments whose position can be liquidated in less than one day’s average trading volume for that security. This measure also includes cash and cash equivalents; but does not include adjustments for working capital and liabilities. Olive invites the reader to refer to its most recent financial statements available on its website; www.olive-resource.com for details on the Company’s liabilities.

4. Out of the Money Warrants are valued using Black Scholes with 35% volatility, and 3% interest rate. In the Money Warrants are valued at their intrinsic value.

5. The increase in value from December 31, 2024 to March 2026 is primarily as a result of stock price appreciation of the investments.

Samuel Pelaez, the Company’s President, CEO, CIO, 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 2,000,000 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 Inc. 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.

For further information, please contact:

Derek Macpherson, Executive Chairman at derek@olive-resource.com or by phone at (416)294-6713 or Samuel Pelaez, President, CEO & CIO at sam@olive-resource.com. Olive’s website is located at www.olive-resource.com.

Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange Inc. has in no way approved nor disapproved the information contained herein.

Cautionary Note Regarding Forward-Looking Statements: This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as “believes”, “anticipates”, “expects”, “is expected”, “scheduled”, “estimates”, “pending”, “intends”, “plans”, “forecasts”, “targets”, or “hopes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “will”, “should”, “might”, “will be taken”, or “occur” and similar expressions) are not statements of historical fact and may be forward-looking statements.

This news release includes forward-looking statements that are subject to risks and uncertainties. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of Olive to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. All statements contained in this news release, other than statements of historical fact, are to be considered forward-looking, including, without limitation, statements concerning Olive’s intended future disclosure practices. Although Olive believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: past success or achievement does not guarantee future success; negative investment performance; downward market fluctuations; downward fluctuations in commodity prices and changes in the prices of commodities in general; uncertainties relating to the availability and costs of financing needed in the future; interest rate and exchange rate fluctuations; changes in economic and political conditions that could negatively affect certain commodity prices; and those risks set out in the Company’s public documents filed on SEDAR+. Accordingly, readers should not place undue reliance on forward-looking information. Olive does not undertake to update any forward-looking information except in accordance with applicable securities laws.

This commentary is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. The information provided in this recording has been obtained from sources believed to be reliable and is believed to be accurate at the time of publishing but we do not represent that it is accurate or complete and it should not be relied upon as such.

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