Belararox Limited announced the following changes to the Board of Directors. The appointment of Jason Ward as a non executive director with effect from 1 June 2023; and the resignation of Michelle Stokes with effect from 1 July 2023. Mr. Ward, who is based in Mendoza, Argentina, holds a Bachelor of Applied Science, Geology and is a Fellow and Chartered Professional of the Australian Institute of Mining and Metallurgy.

Mr. Ward is a director and shareholder of Condor Prospecting Pty Ltd, the company that will be responsible for the management and execution of the exploration activities at the TMT Project in Argentina. Mr. Ward has had a highly successful global career as an exploration geologist, having been involved in several discoveries in Oman, Laos, Papua New Guinea and Ecuador. He has over 25 years' experience working around the world, most recently in Ecuador where he was instrumental in the discovery of several copper gold deposits, including the Tier -1 Cascabel copper gold porphyry deposit for Solgold plc.

In addition, Mr. Ward has an extensive track record of successfully working with local communities and safely managing exploration teams, working with people from diverse cultures in challenging social and physical terrain. Ms Stokes (BSc) who is a founder shareholder of the Company and has been a non- executive director since the Company was listed in January 2022, will retire as a director on 1 July 2023.