Bellavista Resources Limited announced strong results from the first phase of drilling and regional rock chip sampling at its Brumby zinc-silver-copper project 130km south-west of Newman. This initial batch of assays enables the Company to calibrate the constant XRF data collected by MinalyzeTM for the phase 1 diamond drilling. This sub-1m constant XRF data is proving very important in illustrating the variation in zinc and copper grades at the decimetre scale (10cm), when compared to the 50cm to 1m assay intervals from the laboratory.

Identifying SEDEX "cycles" of high-grade base metals within the broader mineralised interval is considered a significant breakthrough for understanding the large-scale Brumby Prospect. Bellavista Executive Director Mick Wilson said the results provided strong evidence that Brumby hosted a mineralised system of immense magnitude. The phase 1 drilling program was aimed at completing a broad drill-out of the known mineralisation footprint at Brumby, which was estimated to cover 30sqkm (based on historical drilling), and target areas where high-grade mineralisation may exist.

Approximately half the holes from the historic work did not reach target depth, and no oriented diamond core was available prior to Bellavista's maiden program. The Phase 1 drilling program comprised 3,574m in seven (7) diamond and four (4) Scout RC holes on the existing tracks over Brumby. Laboratory assays for a portion of BRDD0001, all BRDD0003 and BRDD0007 have now been received from the laboratory after significant delays.

Laboratory assays for holes BRDD0002, BRDD0004, BRDD0005 and BRDD0006 remain pending; however, the calibrated continuous XRF results for these holes are included in the results table. Significant Results from Phase 1 include: BRDD0001 - 23.5m @ 1.5% ZnEq¹ from 69m, incl. 2m @ 1.9% ZnEq¹ (1.5% Zn, 0.15% Cu and 13.2g/t Ag) from 88.5m(Laboratory Assays).

BRDD0005 - 24m @ 1.5% Zn, 0.15% Cu from 248m, incl. 3m @ 2.2% Zn, 0.17% Cu from 260m (Calibrated Continuous XRF - Silver not reported). BRDD0006 ­ 21m @ 1.5% Zn, 0.15% Cu from 222m, incl.

8m @ 1.9% Zn, 0.16% Cu from 233m (Calibrated Continuous XRF - Silver not reported). BRDD0007 - 20m @ 1.9% ZnEq¹ from 186.5m, incl. 7.5m @ 2.4% ZnEq¹ (1.7% Zn, 0.16% Cu and 17.6g/t Ag) from 198.5m (Laboratory Assays).

Coupled with historic holes, it is clear the Brumby base metal SEDEX system is prolific and present across the 30km² area tested so far. The Phase 1 four scout RC holes (BRRC0001-0004) drilled along access tracks in the north and west of the Brumby Prospect intersected sulphide-bearing carbonaceous shale units from near surface. Anomalous zinc and nickel have been returned.

However, these have been deemed to represent higher stratigraphy units in relation to the main SEDEX bearing shale target. Several geochemical vectors have been identified in the Laboratory assays data and are being assessed. These 4 scout RC holes will be considered for diamond tails in the next diamond drilling program in early 2023.

In addition to the results in the main SEDEX mineral system, several geochemical vectors for multi- base metal occurrences have been identified in the Laboratory assays and Minalyze continuous XRF data outside the main SEDEX target unit. These occurrences, including a small high grade copper zone in BRDD0003 (refer photo 1) and several breccia hosted nickel-sulphide occurrences in BRDD0002 (refer photo 4) need to be properly assessed in their geological context and prioritised for follow-up.