PR & News

NEW YORK, January 10, 2024.- The Board of Directors of OTC-traded company Brookmount Gold (Brookmount Explorations, Inc.) (OTC: BMXI) (BMXI.US) is pleased to announce today that it has commenced implementation of a restructuring of the Company’s operations. Pursuant to this restructuring, The Company will inject its North American production assets in Canada and Alaska into a second US based, publicly traded company (“Newco”), with shares in Newco to be ultimately distributed as a special dividend to The Company’s existing shareholders in proportion to their existing shareholdings in Brookmount. This initiative has been taken as a means to extract maximum shareholder value for the North American assets (Yukon in Canada and MacArthur Creek and Atlin in Alaska). The planned restructuring of these assets in a separate entity will streamline the path to production status and enhance financing capability. The Indonesian assets of The Company, comprising the Talawaan and Alason operations will remain in Brookmount. Completion of the restructuring plan will be contingent on the finalisation of proper definitive agreements with the OTC traded company for the transaction, and the fulfillment of applicable regulatory requirements in connection with the planned share dividend.

As part of the ongoing strategy relating to the Indonesian assets, heapleaching operations will be

“rebooted” (recommenced), at the Alason property in February as a new “BOT” (build, operate, transfer) operating agreement has been signed with our former (pre Covid) Chinese partner at the site, and partial repatriation of cash flow generated from the Talawaan operation will come onstream later in January, in accordance with the restructured dividend policy of the Joint Venture.

Additionally, The Company’s Management has determined that, following the closing out of the books for the 2023 financial year, the ongoing audit will be broadened to include this latest year of what will be a full 3 year audit of the most up to date financial statements for inclusion in filings relating to future uplisting and capital raising plans.

As a key component of its asset restructuring plan, the Company will acquire a controlling interest in an OTC quoted company for cash and stock. Following closing of the planned acquisition, anticipated next month, the OTC company will be renamed North American Gold Corp., with a majority of directors to be provided by the Company, and Errin Kimball, currently Operations Director for North America, appointed as CEO. All shares acquired by the Company in the new OTC company, both now and in the future, will be distributed by way of special dividend to the existing shareholders of Brookmount in proportion to their existing shareholding in The Company..

“I am very pleased, that after many months of intense effort, our team has been able to deliver on a strategy to extract maximum value from our hard won portfolio of gold assets in Asia and North America,” commented Nils Ollquist, CEO. Mr Ollquist continued: “Our shareholders have shown great resilience and patience as we slowly developed the building blocks for a global gold production platform. With many years of experience in the global mining and extraction industries to its credit, The Board believes that the planned spin off and listing of our North American assets, together with a renewed focus on improvement and expansion of our Asian properties, will deliver the best possible outcome and maximum profits for our shareholders who will ultimately hold shares in 2 individual entities with a presence in the worlds most significant gold markets.”

Brookmount Gold is an American-listed Company operating gold mines in Southeast Asia and exploration and production assets in North America.

Founded in 2017, Brookmount Gold is a high-growth gold-producing Company incorporated and listed in the United States. The Company is actively looking to secure additional high-quality gold assets with JORC/NI 43-101 verified reserves.

Safe Harbor Statements:

Except for the historical information contained herein, certain of the matters discussed in this communication constitute “forward-looking statements” within the meaning of the Securities Litigation Reform Act of 1995. Words such as “may,” “might,” “will,” “should,” “could,” “anticipate,”

“estimate,” “expect,” “predict,” “project,” “future,” “potential,” “intend,” “seek to,” “plan,”

“assume,” “believe,” “target,” “forecast,” “goal,” “objective,” “continue” or the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding benefits of the proposed license, expected synergies, anticipated future financial and operating performance and results, including estimates of growth. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this communication. For example, the expected timing and likelihood of completion of the pending transaction, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the pending transaction that could reduce anticipated benefits or cause the parties to abandon the transaction, the ability to successfully integrate the businesses, the occurrence of any event, change or other circumstance that could give rise to the termination of the negotiations, the risk that the parties may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all, risks related to disruption of management time from ongoing business operations due to the proposed transaction, the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of Brookmount’s common stock. All such factors are difficult to predict and are beyond our control. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this report, except as required by applicable law or regulations.

Reno NV, January 16, 2024.- The Board of Directors of OTC-traded company Brookmount Gold (Brookmount Explorations, Inc.) (OTC: BMXI) (BMXI.US) is pleased to update shareholders on the progress of the corporate restructuring announced last week. The Company is now close to finalizing the acquisition of a controlling interest in an OTC listed company, which previously had activities in renewable energy technology and, importantly, has access to gold mining assets in the US, which could be acquired and brought onstream as an important complement to existing assets in Alaska and Canada.

The Company proposes to cover a portion of the $175,000 cash cost of the acquisition with cash received as part of the initial tranche of funds to be remitted to the Company’s bank account in the US later this month, from the Joint Venture in Talawaan, Indonesia, the restructuring of which was completed late last year. Closing of the acquisition is anticipated by the end of February, immediately following which, steps will be taken to seek the necessary regulatory approvals for the planned special dividend to shareholders as set out in The Company’s press release last week.

The Board is pleased with the progress of the restructuring announced last week.” commented Nils Ollquist, CEO of Brookmount. “We are particularly pleased that, following the renegotiation of our Joint Venture Agreement in Indonesia, we can begin to utilise some of the cash flow generated from our Talawaan operations in pursuing expansion of our business interests in the US. It is also opportune that the OTC listed company has access to a number of attractive gold mining assets, including one property for which NR43-101 certification of reserve value is currently being sought.

We will continue to update our shareholders as we progress towards finalisation of the restructuring”.

Mr Ollquist concluded.

Brookmount Gold is an American-listed Company operating gold mines in Southeast Asia and owning exploration and production assets in North America.

Founded in 2017, Brookmount Gold is a high-growth gold-producing Company incorporated and listed in the United States. The Company is actively looking to secure additional high-quality gold assets with JORC/NI 43-101 verified reserves.

Safe Harbor Statements:

Except for the historical information contained herein, certain of the matters discussed in this communication constitute “forward-looking statements” within the meaning of the Securities Litigation Reform Act of 1995. Words such as “may,” “might,” “will,” “should,” “could,” “anticipate,””estimate,” “expect,” “predict,” “project,” “future,” “potential,” “intend,” “seek to,” “plan,””assume,” “believe,” “target,” “forecast,” “goal,” “objective,” “continue” or the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding benefits of the proposed license, expected synergies, anticipated future financial and operating performance and results, including estimates of growth. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this communication. For example, the expected timing and likelihood of completion of the pending transaction, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the pending transaction that could reduce anticipated benefits or cause the parties to abandon the transaction, the ability to successfully integrate the businesses, the occurrence of any event, change or other circumstance that could give rise to the termination of the negotiations, the risk that the parties may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all, risks related to disruption of management time from ongoing business operations due to the proposed transaction, the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of Brookmounts common stock. All such factors are difficult to predict and are beyond our control. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this report, except as required by applicable law or regulations.

Reno, NV, Apr 15, 2024 / OTC Disclosure & News Service / – Brookmount Gold (OTC: BMXI) today announced strong operating results for Q1 2024, with sales of $4.7 million in Q1 2024 vs. $4.5 million in Q1 2023, an increase of 4% over the prior year period. Net Income was $2.8 million for Q1 2024, vs. $2.5 million for Q1 2023, an increase of 12% over the prior year period.

“We are excited about our continued positive operating results from our Talawaan operation and look forward to getting our second and very profitable Alason property (also in North Sulawesi) back into production very soon”, commented CEO, Nils Ollquist. “With the gold price recently reaching all-time highs at $2,400 an ounce, we remain solidly optimistic about Brookmount’s operating revenue growth and subsequent continuation of strong profits going forward.”

Ollquist continued, “There are important milestones to note in the near-term for Brookmount, which we anticipate coming to fruition in the next 60-90 days. Firstly, we recently contracted with the Hall Chadwick Group (based in Sydney, AUS) and Accell Audit & Compliance (based in Florida, USA) to complete our 3-Year PCAOB Audit, with a site visit to Talawaan scheduled for April 20th ‘, 2024. Errin Kimball, Global Director of Operations at Brookmount, and myself will be present to help facilitate the visit and coordinate with the auditor. Additionally, Errin will be conducting geological diligence to derive an understanding of the value of the recently discovered high-yield gold seam on the perimeter of the Talawaan property. Secondly, we’ve reached an agreement in-principle to purchase the Talawaan Mining Operations from our Joint-Venture Partner, with a closing date set for June 30, 2024. We are excited to take-over operations at the Talawaan mine and convert the operation from an investment to a wholly owned and controlled operational unit of Brookmount.”

Ollquist concluded, “We appreciate our shareholders continued dedication to our vision of becoming a world-class gold mining company and look forward to bringing you positive updates toward that vision very soon.”

Safe Harbor Statements: Except for the historical information contained herein, certain of the matters discussed in this communication constitute “forward-looking statements” within the meaning of the Securities Litigation Reform Act of 1995. Words such as “may,” “might,” “will,” “should,” “could,” “anticipate,” “estimate,” “expect,” “predict,” “project,” “future,” “potential,” “intend,” “seek to,” “plan,” “assume,” “believe,” “target,” “forecast,” “goal,” “objective,” “continue” or the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding benefits of the proposed license, expected synergies, anticipated future financial and operating performance and results, including estimates of growth. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this communication. For example, the expected timing and likelihood of completion of the pending transaction, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the pending transaction that could reduce anticipated benefits or cause the parties to abandon the transaction, the ability to successfully integrate the businesses, the occurrence of any event, change or other circumstance that could give rise to the termination of the negotiations, the risk that the parties may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all, risks related to disruption of management time from ongoing business operations due to the proposed transaction, the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of Brookmount’s common stock. All such factors are difficult to predict and are beyond our control. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this report, except as required by applicable law or regulations.

Reno, Nevada–(Newsfile Corp. – April 26, 2024) – Brookmount Gold, (OTC Pink: BMXI) a gold-producing and profitable gold mining company with production operations in Indonesia and investments in North America today announced updates to three important upcoming milestones for the Company. “We are proud of our dedicated operating team in Indonesia who has, year after year, laid the groundwork for our success,” commented Brookmount Gold CEO, Nils Ollquist. “We look forward to completing our joint-venture buyout in June of this year, which will convert our Talawaan Joint Venture into a wholly owned and controlled operation of Brookmount Gold. We plan to allocate future cash-flows from Talawaan to further improving the efficiency and output of our Indonesian operations and rewarding our shareholders for their unwavering patience and support over the past several years.”

Ollquist continued, “There are three important milestones to take note in the near-term for Brookmount: 1) The completion of the multi-year PCAOB audit of our financial statements, 2) The buyout of our Joint-Venture Partner at Talawaan, and 3) The Spinoff of our North American Gold assets. We’d like to provide our stakeholders with a deeper “dive” into these initiatives and give a clearer picture as to the impact on our business going forward.”

Multi Year PCAOB Audit – “The importance of completing a PCAOB audit cannot be understated,” commented CEO, Nils Ollquist. “In February, we contracted with a well-known and respected audit firm Hall Chadwick Group out of Sydney, Australia. Hall Chadwick has a long and illustrious history of completing audit and financial due diligence in the mining industry in both Australia, (world’s 2nd largest gold producer), and internationally. The firm maintains partnerships with Accell Audit & Compliance (of Tampa, Florida) for PCAOB certification and with a well-known Jakarta (Indonesia) based audit firm, for on-site diligence and review of Indonesian operations audited by Hall Chadwick, who have a number of clients on their books (predominately Australian), with Indonesian gold operations. The audit due diligence visit to our Talawaan operation will take place for 3 days from Monday the 29th of April, with Errin Kimball, our Global Director of Operations, and myself onsite to support our local team in facilitating the auditors’ understanding of our financial operations, controls, and governance. As 3 full years of operating data has been uploaded onto our cloud based “Xero” accounting platform, the audit review of our financials has already commenced and is progressing well. We continue to anticipate completion of the audit in May 2024.
A PCAOB audit is required, inter alia, for inclusion in the SEC reporting system and uplisting, to Nasdaq or similar exchange, both of which remain key priorities for management, and will be instrumental in cementing investor confidence in our financial reporting.”

Talawaan Joint-Venture Buyout – “The Talawaan Joint-Venture Buyout has been in the pipeline for several years, and we are grateful that our close and enduring relationship with our partner has enabled us to reach favourable terms on the acquisition of full control by the end of June,” commented Mr. Ollquist. “The buyout of the Joint-Venture will see us acquire full control of day-to-day operations, including management of workers, allocation of drill sites, gold sales and marketing, (including the development of a unique range of minted and stamped Brookmount Gold investment products in 10g, 50g and 100g denominations,) and financial and accounting systems. From completion of the buyout, cash flow generated from operations will be utilized in maintaining and improving production, particularly in testing and developing the anomalous high ore grade site recently identified on the perimeter of our property, with surplus funds allocated to development of operations in our North American properties. A portion of the surplus funds accrued by the Joint Venture in recent years and held over, will be set aside to cover a potential cash dividend to shareholders as outlined earlier in this release,” Mr. Ollquist continued.

Nils Ollqust, CEO of Brookmount Gold, shakes hands with Talawaan Mine Team Member
(Photo Date: March 2024)

North American Gold Corp Restructuring – “At Brookmount, our strategy in recent years has been clear; to build a world-class gold company. Part of this vision has been to progressively acquire the basis for a significant gold-mining presence in North America. Given that the majority of our North American properties are each at, or near, production status, we are implementing a strategy whereby these properties will be transferred into a separate listed entity, control of which will be acquired for cash. The transaction will be structured in such a way that a number of benefits will accrue to Brookmount, and most importantly, its shareholders, including a special dividend to Brookmount shareholders consisting of a portion of shares of the acquired vehicle, and direct impact on the Brookmount balance sheet through the carrying value of the balance of the investment.

We believe that this restructuring of the North American operations, in addition to the direct financial impact outlined above, will have significant benefits for the Company and its shareholders. For example, financing of the production schedule of our properties can be arranged on a non-dilutive basis through project finance structures with resource bankers and financial institutions, and the Company and all its stakeholders can benefit from the presence of two separate listed entities in portfolio.”

Mr. Ollquist added, “We are currently preparing a schematic infographic for the spinoff transaction structure which we hope will clarify the benefits accruing to the Company and its stakeholders. This will be uploaded to the Company’s website within the next few days.”

Mr. Ollquist concluded, “We will continue to move forward with our mission of creating a world-class gold mining company. We appreciate all shareholders who have joined us on this journey and look forward to continuing to share the story with others. Our team is committed to continue working hard for all our stakeholders and invite you to join us for our upcoming investor update conference call to be announced on Brookmount Gold’s X Profile shortly.”

Safe Harbor Statements: Except for the historical information contained herein, certain of the matters discussed in this communication constitute “forward-looking statements” within the meaning of the Securities Litigation Reform Act of 1995. Words such as “may,” “might,” “will,” “should,” “could,” “anticipate,” “estimate,” “expect,” “predict,” “project,” “future,” “potential,” “intend,” “seek to,” “plan,” “assume,” “believe,” “target,” “forecast,” “goal,” “objective,” “continue” or the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding benefits of the proposed license, expected synergies, anticipated future financial and operating performance and results, including estimates of growth. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this communication. For example, the expected timing and likelihood of completion of the pending transaction, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the pending transaction that could reduce anticipated benefits or cause the parties to abandon the transaction, the ability to successfully integrate the businesses, the occurrence of any event, change or other circumstance that could give rise to the termination of the negotiations, the risk that the parties may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all, risks related to disruption of management time from ongoing business operations due to the proposed transaction, the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of Brookmount’s common stock. All such factors are difficult to predict and are beyond our control. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this report, except as required by applicable law or regulations.

Reno, Nevada–(Newsfile Corp. – July 2, 2024) – The Board of Directors of Brookmount Gold (OTC Pink: BMXI) is pleased to announce that a definitive agreement for the acquisition of 100% ownership and control of The Company’s operations in Talawaan has now been signed. “This is a significant milestone for Brookmount Gold and lays the groundwork for our future,” commented CEO Nils Ollquist. “Whilst the agreement will facilitate full management control of the Talawaan operation by the Company, including the cash generated therefrom, the Company will continue to maintain a close and effective relationship with our long-term partners, including payment of a 25% royalty on net earnings generated by the operation.”

Mr. Ollquist continued: “From here, we will utilize our industry expertise and the experience of Chief Geologist Errin Kimball to “prove-up” reserves and increase production. With operational control, we now have the right to explore and exploit the 50-hectare property, including implementing a drilling program to carry the balance of provable reserves on our financial statements, while also guiding future gold exploitation.”

Further details on the terms of the Acquisition will be uploaded onto the Company’s website shortly.

Safe Harbor Statements: Except for the historical information contained herein, certain of the matters discussed in this communication constitute “forward-looking statements” within the meaning of the Securities Litigation Reform Act of 1995. Words such as “may,” “might,” “will,” “should,” “could,” “anticipate,” “estimate,” “expect,” “predict,” “project,” “future,” “potential,” “intend,” “seek to,” “plan,” “assume,” “believe,” “target,” “forecast,” “goal,” “objective,” “continue” or the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding benefits of the proposed license, expected synergies, anticipated future financial and operating performance and results, including estimates of growth. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this communication. For example, the expected timing and likelihood of completion of the pending transaction, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the pending transaction that could reduce anticipated benefits or cause the parties to abandon the transaction, the ability to successfully integrate the businesses, the occurrence of any event, change or other circumstance that could give rise to the termination of the negotiations, the risk that the parties may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all, risks related to disruption of management time from ongoing business operations due to the proposed transaction, the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of Brookmount’s common stock. All such factors are difficult to predict and are beyond our control. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this report, except as required by applicable law or regulations.

Reno, Nevada–(Newsfile Corp. – July 22, 2024) – Brookmount Gold is pleased to report record gold sales of $5.4 million in Q2 2024, along with record net income of $2.9 million. “As we transition to taking full operating control of the Talawaan Mine I’m very pleased to see operations producing an increasing gold yield,” commented CEO Nils Ollquist. “Our record Q2 results are a combination of increased focus on a high-yield gold seam, a dedicated local workforce, and overall strength in the demand for gold. We expect to improve production yield further and have implemented electrical upgrades to the Talawaan Mine to accommodate hydraulic hammers. Under the direction of our Global Operations Director and Chief Geologist Errin Kimball, we’re confident we can continue to break production records in the coming quarters,” continued Ollquist.

“Brookmount has commissioned an Independent U.S. based Accounting/Appraisal firm Kaufman Rossin, to undertake a review and endorsement of a Discounted Cash Flow (DCF) based analysis of the value of our Talawaan gold operation.. The result of this analysis derives a value for the operation far in excess of the proposed acquisition consideration, including the amount retained on the books of the Joint Venture as undistributed cash. The independent report from Kaufman is anticipated within the next 2 weeks and will be made available to our shareholders at that time..,” Ollquist concluded.

Safe Harbor Statements: Except for the historical information contained herein, certain of the matters discussed in this communication constitute “forward-looking statements” within the meaning of the Securities Litigation Reform Act of 1995. Words such as “may,” “might,” “will,” “should,” “could,” “anticipate,” “estimate,” “expect,” “predict,” “project,” “future,” “potential,” “intend,” “seek to,” “plan,” “assume,” “believe,” “target,” “forecast,” “goal,” “objective,” “continue” or the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding benefits of the proposed license, expected synergies, anticipated future financial and operating performance and results, including estimates of growth. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this communication. For example, the expected timing and likelihood of completion of the pending transaction, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the pending transaction that could reduce anticipated benefits or cause the parties to abandon the transaction, the ability to successfully integrate the businesses, the occurrence of any event, change or other circumstance that could give rise to the termination of the negotiations, the risk that the parties may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all, risks related to disruption of management time from ongoing business operations due to the proposed transaction, the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of Brookmount’s common stock. All such factors are difficult to predict and are beyond our control. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this report, except as required by applicable law or regulations.

RENO, Nev., Nov. 25, 2024 (GLOBE NEWSWIRE) — Brookmount Gold (Brookmount Explorations, Inc.) (OTC: BMXI). The Board of Directors of Brookmount Gold is pleased to confirm that the acquisition of the Mining Operations in Talawaan, Indonesia has now been completed, with The Company scheduled to take full operational control from next Monday December 2.

A portion of the investment capital deployed in the acquisition, was received from strategic investors, based in Australia, who are also significant shareholders in a major Australian listed gold mining company. This investor group will work closely in ongoing development and expansion of the Talawaan operation, including, where appropriate, arranging additional funds for capital equipment and drilling activities.

In announcing closing of the acquisition, CEO Nils Ollquist commented as follows: “Acquisition of full control of Talawaan has been a key element of our strategic focus over the past 2 years, as we move Brookmount closer to the goal of senior exchange listing. Securing control of 100% of the cash generated from operations will greatly enhance the funding structure of our business and reduce the need for external note or debt financing and associated dilution from note conversion. This factor, combined with the highly favourable results of ore sample analysis undertaken by SGS Group, and certain operational metrics management has gleaned from the federally licensed, open cut facility operating adjacent to our Talawaan area, supports management’s confidence in the long term value this acquisition is expected to deliver for our shareholders.”

Mr Ollquist continued: “From 1 December, we will be initiating a review and upgrade of all systems utilized on site, prioritizing enhancements in ore extraction, transport logistics, security protocols and worker safety measures. Our objective is to align these processes with ISO or equivalent standards. Where necessary we will deploy funds from operations for this purpose, in addition to expanding and upgrading equipment. Errin Kimball, our Director and Chief Geologist, will be temporarily relocating to Manado to oversee the process and ensure a smooth transition as we integrate the operations within Brookmount.”

Mr Ollquist concluded: “The Board is very pleased that this key step in our journey towards Exchange listing is now complete. With the imminent completion of audit process confirmed, we are confident that 2025 will be a transformative and rewarding year for our shareholders.”

Founded in 2018, Brookmount Gold is a high-growth gold-producing Company incorporated and listed on OTCMarkets in the United States (OTC: BMXI) (BMXI.US) with operating gold mines in Southeast Asia and exploration and production assets in North America. The Company is actively looking to secure additional high-quality gold assets with JORC/NI 43-101 verified resources.

Safe Harbor Statements:

Except for the historical information contained herein, certain of the matters discussed in this communication constitute “forward-looking statements” within the meaning of the Securities Litigation Reform Act of 1995. Words such as “may,” “might,” “will,” “should,” “could,” “anticipate,” “estimate,” “expect,” “predict,” “project,” “future,” “potential,” “intend,” “seek to,” “plan,” “assume,” “believe,” “target,” “forecast,” “goal,” “objective,” “continue” or the negative of such terms or other variations thereof and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements. These forward-looking statements include, but are not limited to, statements regarding benefits of the proposed license, expected synergies, anticipated future financial and operating performance and results, including estimates of growth. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this communication. For example, the expected timing and likelihood of completion of the pending transaction, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the pending transaction that could reduce anticipated benefits or cause the parties to abandon the transaction, the ability to successfully integrate the businesses, the occurrence of any event, change or other circumstance that could give rise to the termination of the negotiations, the risk that the parties may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all, risks related to disruption of management time from ongoing business operations due to the proposed transaction, the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of Brookmount’s common stock. All such factors are difficult to predict and are beyond our control. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this report, except as required by applicable law or regulations.

• Brookmount Gold (sic. Brookmount Explorations Inc.) (OTC: BMXI), a leading gold exploration and development company, today announced its financial results for the year ended November 30, 2024.

Revenue for the 12 months reached $18.4 million, an increase of approximately 8.2% over the corresponding result of $17 million in 2023. One hundred percent of revenue during the year was comprised of direct sales of gold.

Net income for 2024 was approximately $9.3 million, representing an increase of 4% over the prior year result of $8.9 million, primarily reflecting the impact of higher gold prices during the year.

“We are pleased to report that the Company has continued the positive trend of performance of the past three years,” commented Nils Ollquist, CEO of Brookmount Gold. “As our shareholders are aware, in late 2024, Brookmount finalized the acquisition of full operational control and ownership of its Indonesian gold production operations.”

Mr. Ollquist continued: “During December 2024, we successfully transitioned management control while retaining key employees to ensure a seamless transition process. From January 2, 2025, Brookmount will orchestrate every aspect of the operation, including drilling, mining, processing, and sales. Our focus in the ensuing quarter will be to implement improved operational systems and mining and safety protocols, which we believe will lead to higher production levels and cash generation from gold sales.”

Mr. Ollquist concluded: “Over the past year, the global political situation has been profoundly impacted by wars in the Middle East and Ukraine, fears of conflict over the continuing independence of Taiwan, and significant increases in global inflation rates. Partly as a reflection of these trends, the price of gold has recently been increasing steadily and is now pushing $2,700/oz. Having completed the acquisition of our Indonesian gold operations, the Company will be well positioned to take advantage of this trend.”

The Company plans to host an investor conference sometime in mid-January 2025 to discuss financial results and provide an update on its strategic plans. Further information will be made available shortly.

Founded in 2018, Brookmount Gold is a high-growth gold-producing company incorporated and quoted on OTC Markets in the United States (OTC: BMXI) (BMXI.US), with operating gold mines in Southeast Asia and exploration and production assets in North America. In addition, the company is actively looking to secure additional high-quality gold assets with JORC/NI 43-101 verified resources.

Safe Harbor Statements:

Except for the historical information contained herein, certain of the matters discussed in this communication constitute “forward-looking statements” within the meaning of the Securities Litigation Reform Act of 1995. Words such as “may,” “might,” “will,” “should,” “could,” “anticipate,” “estimate,” “expect,” “predict,” “project,” “future,” “potential,” “intend,” “seek to,” “plan,” “assume,” “believe,” “target,” “forecast,” “goal,” “objective,” “continue,” or the negative of such terms, or other variations thereof, and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements.

These forward-looking statements include, but are not limited to, statements regarding the benefits of the proposed license, expected synergies, anticipated future financial and operating performance and results, including estimates of growth. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this communication.

For example, the expected timing and likelihood of completion of the pending transaction, including the timing, receipt, and terms and conditions of any required governmental and regulatory approvals of the pending transaction, could reduce anticipated benefits or cause the parties to abandon the transaction; the ability to successfully integrate the businesses; the occurrence of any event, change, or other circumstance that could give rise to the termination of the negotiations; the risk that the parties may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all; risks related to disruption of management time from ongoing business operations due to the proposed transaction; and the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of Brookmount’s common stock.

All such factors are difficult to predict and are beyond our control. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this report, except as required by applicable law or regulations.

Reno, Nevada, Jan. 03, 2025 – Brookmount Gold (sic. Brookmount Explorations Inc.) (OTC: BMXI), a gold exploration and production company, will hold an investor conference call on Jan. 27, 2025, at 09:00 AM Eastern Time (US and Canada).

This call will provide valuable insights into the company’s strategic growth outlook following its acquisition of full operational control of its Indonesian gold production operations. The company anticipates that the upcoming investor webinar will coincide with a status update on the progress of the PCAOB audit. While the timing of the audit’s completion is still being finalized, management looks forward to providing investors with the latest developments during the session.

Key Topics of Discussion:

• Strategic plans following the recent acquisition.
• Operational improvements and growth opportunities.
• Updates on the PCAOB audit.
• Vision and goals for 2025 and beyond.

The event will feature remarks from CEO Nils Ollquist and key members of the leadership team, followed by a Q&A session.

How to Register:

To participate in the investor call, please register by visiting:
https://zoom.us/webinar/register/WN_6x5cYrslSECfXE5gzIgD9Q

After registration, participants will receive a confirmation email with details on how to join the call. For those unable to attend live, a recorded version of the call will be made available on Brookmount Gold’s website at https://www.brookmountgold.com/investor-relations shortly after the event.

“We look forward to engaging with our investors to share updates on our operational achievements and strategic vision for 2025,” said Nils Ollquist, CEO of Brookmount Gold. “This call underscores our unwavering commitment to transparency and our dedication to delivering sustained value to our shareholders as we achieve key milestones.”

Stay Informed:

Brookmount Gold has recently launched a new newsletter feature to keep investors and stakeholders updated on company news, industry developments, and upcoming events. Subscribing to the newsletter is entirely optional and does not provide preferential access to any information not already made public. Stakeholders can subscribe by visiting https://www.brookmountgold.com/contact-us and submitting their contact details.

About Brookmount Gold

Founded in 2018, Brookmount Gold is a high-growth gold-producing company quoted on OTC Markets in the United States (OTC: BMXI). With operating gold mines in Southeast Asia and exploration and production assets in North America, the company is focused on acquiring and developing high-quality gold assets with JORC/NI 43-101 verified resources.

Safe Harbor Statements:

Except for the historical information contained herein, certain of the matters discussed in this communication constitute “forward-looking statements” within the meaning of the Securities Litigation Reform Act of 1995. Words such as “may,” “might,” “will,” “should,” “could,” “anticipate,” “estimate,” “expect,” “predict,” “project,” “future,” “potential,” “intend,” “seek to,” “plan,” “assume,” “believe,” “target,” “forecast,” “goal,” “objective,” “continue,” or the negative of such terms, or other variations thereof, and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements.

These forward-looking statements include, but are not limited to, statements regarding benefits of the proposed license, expected synergies, anticipated future financial and operating performance and results, including estimates of growth. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this communication.

For example, the expected timing and likelihood of completion of the pending transaction, including the timing, receipt, and terms and conditions of any required governmental and regulatory approvals of the pending transaction, could reduce anticipated benefits or cause the parties to abandon the transaction; the ability to successfully integrate the businesses; the occurrence of any event, change, or other circumstance that could give rise to the termination of the negotiations; the risk that the parties may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all; risks related to disruption of management time from ongoing business operations due to the proposed transaction; and the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of Brookmount’s common stock.

All such factors are difficult to predict and are beyond our control. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this report, except as required by applicable law or regulations.

Reno, Nevada, Jan. 15, 2025 – Brookmount Gold (sic. Brookmount Explorations Inc.) (OTC: BMXI), a gold exploration and production company, provides an update on its ongoing initiatives as it continues to advance its strategic priorities.

Audit Progress and Transparency

The Company anticipates that its PCAOB audit review will be completed within the next 30 days. This follows the finalization of the US GAAP audit process and underscores Brookmount’s commitment to transparency and accountability.

Advancing Operations in Indonesia

Brookmount’s management team is currently on-site in Indonesia, overseeing the commencement of production which follows completion of the transition of full operational control at our Indonesian mine. As anticipated, mining operations began on Saturday with a 24-hour, 3-shift rotation. Production involves a dedicated workforce of 30 contract miners operating across shafts in a key location on the property.

Following completion of the initial smelting process on Saturday, production volumes will be scaled up to a cycle of 4 production runs per month. Management is pleased to confirm that ore extraction rates over the initial three days of mining have been 30% ahead of planned volumes.

The introduction of efficiency measures, including enhanced protective equipment for miners, increased security measures such as CCTV and monitors at shaft locations, appointment of additional shift managers at the site, and introduction of new heavy-duty hydraulic drills, demonstrates Brookmount’s commitment to operational safety and its focus on building a sustainable, efficient mining operation. With January marking the official start of production under new management, full acquisition of our Indonesian mining operation represents a significant step forward in the Company’s growth strategy.

Statement from Management

“We are excited to see the progress at our flagship Indonesian mine and launch full-scale production this month,” commented Nils Ollquist, CEO of Brookmount. “Completion of the takeover of operations will enable the Company to become cash flow positive and generate capital for expansion and improvement of operations as well as amortisation of debt. The introduction of enhanced operating systems and protocols, and a disciplined and focused expansion plan, reflects our commitment to a better and more profitable operation,” said CEO Nils Ollquist.

“Our upcoming investor call will allow us to further connect with investors and discuss key issues such as the Indonesian operational transition, financial audits, and the pathway to listing for BMXI shares. Management remains steadfast in its mission to deliver long-term value for our shareholders.”

Investor Call Reminder

The company wishes to remind its stakeholders about the upcoming investor call, as previously announced through its official channels. This call will serve as a valuable opportunity for the management team to engage directly with stakeholders and provide updates on the company’s progress. Details of the investor call can be found on OTCMarkets at https://www.otcmarkets.com/otcapi/company/dns/news/document/79467/content.

About Brookmount Gold

Founded in 2018, Brookmount Gold is a high-growth gold-producing company quoted on OTC Markets in the United States (OTC: BMXI). With operating gold mines in Southeast Asia and exploration and production assets in North America, the company is focused on acquiring and developing high-quality gold assets with JORC/NI 43-101 verified resources.

Safe Harbor Statements

Except for the historical information contained herein, certain of the matters discussed in this communication constitute “forward-looking statements” within the meaning of the Securities Litigation Reform Act of 1995. Words such as “may,” “might,” “will,” “should,” “could,” “anticipate,” “estimate,” “expect,” “predict,” “project,” “future,” “potential,” “intend,” “seek to,” “plan,” “assume,” “believe,” “target,” “forecast,” “goal,” “objective,” “continue,” or the negative of such terms, or other variations thereof, and words and terms of similar substance used in connection with any discussion of future plans, actions, or events identify forward-looking statements.

These forward-looking statements include, but are not limited to, statements regarding benefits of the proposed license, expected synergies, anticipated future financial and operating performance and results, including estimates of growth. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements included in this communication.

For example, the expected timing and likelihood of completion of the pending transaction, including the timing, receipt, and terms and conditions of any required governmental and regulatory approvals of the pending transaction, could reduce anticipated benefits or cause the parties to abandon the transaction; the ability to successfully integrate the businesses; the occurrence of any event, change, or other circumstance that could give rise to the termination of the negotiations; the risk that the parties may not be able to satisfy the conditions to the proposed transaction in a timely manner or at all; risks related to disruption of management time from ongoing business operations due to the proposed transaction; and the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of Brookmount’s common stock.

All such factors are difficult to predict and are beyond our control. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this report, except as required by applicable law or regulations.