PR & News

Reno, Nevada, Jan. 29, 2025 – Brookmount Gold (sic. Brookmount Explorations Inc.) (OTC: BMXI), a gold exploration and production company, provides an update on the transition and progress achieved since the official handover earlier this month at our Indonesia mining operations. With key changes implemented, the company is on track to enhance productivity and operational efficiency while setting the foundation for long-term growth.

Key Updates from On-Site Activities

Mining Operations: Workforce Transition and Optimization: A new contract structure has been negotiated with 50 workers now in place. Compensation for mineshaft workers has been simplified to 100,000 Rupiah (US$6.50) per ore bag per worker, replacing the previous profit-sharing model, which will result in significant cost savings.

Leadership Appointments: A new project manager and shift manager have been appointed, bringing the operating/management team to seven, at a combined salary of A$5,000 per month.

Safety Enhancements: Comprehensive safety protocols have been introduced, including PPE (hard hats, gloves, boots, and goggles) and shift briefings focused on ore targets, safety advisories, and feedback.

Improved Communication & Monitoring: CCTV systems and two-way radios have been installed at shaft sites to improve communication and oversight.

Production Update: Mining has commenced as a test run at one of our site locations (40-meter depth), producing 150 bags (7,500 tonnes) of ore in four shifts over two days of mining. Initial results from the test run yielded 200 grams of gold dore, indicating an average grade exceeding 1 gram per bag or 20 grams/tonne.

Expansion Plans: The company plans to deploy two additional hydraulic drills to double production capacity compared to using jackhammers and to improve efficiency.

Processing Enhancements: Ore crushing efficiency is being evaluated with plans to install an onsite pre-crusher next month, reducing processing time significantly. Existing processing tanks have sufficient capacity (135 tonnes) to support the target ore throughput of 500 bags/day by June, yielding 0.5 kg of gold dore (approx. 250 g of pure gold). Additional ball mills will be installed in a covered, concreted area to support expanded processing.

Capital Requirements: To support these advancements, Brookmount Gold plans to allocate initial funding of US$50,000 next week for the immediate purchase of two hydraulic drills and a sinking fund to cover an onsite crusher. One drill has already been received by the local distributor and could be in service immediately, with the second unit most likely by the following week.

“As of December 2, 2024, full operational control was achieved in Indonesia, securing 100% of cash flow from operations,” stated Nils Ollquist, CEO of Brookmount Gold. “Under the previous investment agreement, retained cash from unallocated earnings was reinvested by the joint venture partner into expanding gold reserves, upgrading operational assets, and other applications. This transition ensures the free cross-border flow of cash generated from operations, strengthening our funding structure, reducing reliance on external financing, and minimizing potential dilution for our shareholders. It positions Brookmount Gold to focus on long-term growth and delivering enhanced value to stakeholders.”

“The significant operational progress following the January handover of the Indonesian operation has placed Brookmount Gold on a clear path to success and growth,” continued Nils Ollquist. “This progress aligns with and supports our long-term strategy of strengthening our operational efficiency, expanding reserves, and maximizing shareholder value. With this solid foundation, we are well-positioned to deliver sustainable growth in the years to come.”

What this means for investors

The recent operational improvements represent a transformative step in Brookmount Gold’s growth strategy. By securing control of 100% of the cash flow generated from operations, the company is now positioned to reinvest in expanding production capacity, upgrading infrastructure, and maximizing operational efficiency.

A key aspect of this transition is the establishment of free cross-border flow of funds from operations. This allows Brookmount Gold to seamlessly transfer earnings from its Indonesian operations to support global corporate initiatives, enhance liquidity, and fund growth opportunities across other strategic areas. It ensures greater financial flexibility and efficiency, which ultimately strengthens the company’s ability to execute on its long-term plans.

For investors, these advancements translate to a stronger financial foundation, reduced reliance on external financing, minimized dilution risks, and a clearer path to long-term shareholder value. Brookmount Gold remains committed to transparency and operational excellence as it continues to unlock the full potential of its Indonesia mining operations.

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 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, Feb 3, 2025 – Brookmount Gold (sic. Brookmount Explorations Inc.) (OTC: BMXI), a gold exploration and production company, announces the schedule for the release of its annual financial results for the fiscal year ended November 30, 2024, and provides guidance on the ongoing PCAOB audit review. The company remains committed to transparency and timely communication with its stakeholders.

Key dates in the reporting calendar are as follows:

• Fiscal Year-End Date: November 30, 2024
• Regulatory Filing Deadline: February 28, 2025
• Anticipated Financial Results Release Date: February 28, 2025

Additionally, the company anticipates completing the PCAOB audit review for the years 2021 and 2022 before the release of the 2024 annual results. While an exact date is not yet available, an immediate announcement will be made once the audit review is completed.

Conference Call and Investor Engagement

Following the filing, Brookmount Gold will host an investor call to discuss the annual results, provide updates on the company’s strategic initiatives, and outline the outlook for the upcoming fiscal year. Details of the call will be announced with the filing of the annual results on OTCMarkets. Brookmount Gold remains dedicated to delivering value to its shareholders and will continue to provide updates through its official communication channels, including the company website and OTCMarkets page.

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 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, and 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.

Dear Fellow Shareholders,

During 2024 your Company achieved significant milestones. Given this, we felt it important to continually update investors on the progress of Brookmount and the status of the public entity.

This Letter to Shareholders represents the first of a regular series of written reports to keep all our stakeholders up to date with our progress.

As you are aware, in December, we took over full operational control of our Indonesian mining operations and immediately improved our communication, monitoring systems, and safety protocols. Following completion of the takeover of operations, we have relaunched our Indonesian gold production. We are rapidly building our operational capacity, including expansion of our horizontal shaft network, and increasing the depth of our primary vertical shafts in three separate locations as part of our drive to maximise ore extraction volumes and gold production.

During 2025, the company intends to substantially increase ore production and reduce processing time by adding more efficient equipment. This will include adding several compressor-driven hydraulic drills for the purpose of accessing higher grade ore embedded in hard rock, and acquisition of a single high-capacity (2 tonne/hr) ball mill to replace smaller, less efficient ones currently being utilized.

We expect to continue building our gold production during 2025 (our company produced approximately 8,000 oz. in 2024). Gold prices are reaching an all-time high, driven by investors seeking safe-haven assets and the demand for gold components utilized in industries such as aerospace and medical research. At the current level of over $2,800/ounce (over 20% higher than the average of 2024), we expect our revenue to rise substantially in 2025. Since most of our expenses are fixed, any upward movement in gold prices translates directly to increased profit and cash flow.

As substantial shareholders in the Company, some of whom have purchased stock at a significant premium to the current market, management’s goals very much align with our investors’ goals. We are seeking to streamline communication to increase transparency of our operations, with more regular updates on our progress. We will also increase exposure through interviews, road shows, regular calls, and investor conferences. Our Company story is being favorably accepted by investors, both institutional and retail, and we are working to increase the size of our audience in the future.

We believe that, by the end of this month, investors will be able to review multiple new financial reports and understand the sizeable cash flow the Company will be generating. Upon achieving 100% control of the mining operations, the cash generated no longer needs to be retained as a receivable on the balance sheet and can be utilized to fund further growth. Investors should also appreciate the high asset level and low liability level the company has achieved and the large net and gross margins.

We are excited to be a producing participant in what is a high-profile, valuable resource industry. Whilst many other mining companies are valued by how much gold they have in the ground, we have an operational mine with meaningful revenue. In addition to our production operation in Indonesia, we also have three other key gold mining assets in North America, which can be brought to account with a relatively minimal investment in early-stage production.

Brookmount Gold’s planning and ambitious standards have begun to help us gain notice as a leader in one of the world’s most high-profile and exciting industries. Brookmount now owns and controls several mining assets and expects to accelerate revenue each year.

We currently have limited debt and numerous new expansion opportunities. One of our goals over the coming year is to utilize cash to pay down any remaining debt, purchase additional mining assets, and reward investors. Presently, our market capitalization is less than net earnings, and we believe this will be rectified in the near term through the achievement of significant operational milestones and disclosures of our financial progress, first and foremost being the completion of our PCAOB audit this month. We should be able to maintain and accelerate our robust growth trajectory and are better positioned to benefit from increasing gold prices than at any point in our history. We thank everyone for their support and believe 2025 will be a transformative year for your Company and its investors.

About Brookmount Gold

Founded in 2018, Brookmount Gold is a high-growth gold-producing company quoted on the 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 in addition to continuing development of its gold production operations.

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, and 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, Feb 25, 2025 – Brookmount Gold (sic. Brookmount Explorations Inc.) (OTC: “BMXI”), a gold exploration and production company, is pleased to announce that since acquisition of full control, the Company has successfully mined from a single operating shaft, at an average ore grade of approximately fifteen grams per tonne. This is reflective of the extremely high ore grades available on Brookmount’s fifty-hectare property. The Company is in the process of restarting production of the remaining four shafts, which were in use prior to the takeover.

Brookmount continues to undergo productivity upgrades at its mining sites, with enhanced safety and operational controls, planned infrastructure enhancements, including upgraded mains power supply, improved road access, and expansion and renovation of ore milling and processing infrastructure. Equipment upgrades include the addition of several high-capacity hydraulic drills and rock splitters, jackhammers, air compressors and safety equipment, all of which enhance extraction efficiency. In order to reduce processing time for each production run, management is implementing a revised system for its ball mill capacity which will reduce processing time for each run by 30%.

The region is known for its high-grade gold ore deposits, mostly found in volcanic and hard rock formations. The mine contains some of the highest-grade gold deposits in the world, showing up to thirty grams/tonne from some production cycles. The gold mineralized vein structure on the Company’s property is demonstrating outstanding gold grades, with a current cumulative average grade of raw gold yielding 1.22 oz (34.6g)/tonne. It is estimated that ongoing mining will generate average yields of at least 20g/tonne. Total costs per ounce are approximately $718, making it among the most efficient and profitable gold mining operations, at scale, in the world. In comparison, the highest-grade large-scale gold mining operation in the world is the Fosterville mine in Australia with an average head grade of 28.13g/t.

According to GlobalData, Indonesia is the eighth-largest gold producing country in the world (for 2023). It also has approximately 2,500 tonnes of non-mined gold reserves, placing it 5th or 6th in the world depending on the source. The country had production of over one hundred metric tonnes in 2023, a current market value of $6.5 billion at current prices. Experts expect a steady rise in production for the next several years. Indonesia’s rich mineral resources and favorable geology, featuring complex volcanic formations, make it an attractive destination for mining companies seeking new opportunities in the gold sector.

In 2024 the Company produced approximately eight thousand ounces of 99% pure gold, approximately 10% more than in 2023. This production generated about $18.4 million in revenue and approximately $2 million in gold inventory. With the use of new hydraulic equipment and upgrades to processing methods, management plans to increase production two- to threefold. The largest gold mining operator in the province, operating at industrial scale adjacent to Brookmount’s operations and extracting similar ore, is producing approximately 35,000 ounces of gold annually on a property also fifty hectares in size. This property is the only open-cut gold mining operation in the province and can utilize blasting for rapid ore extraction. In contrast, Brookmount operates on a more discrete and less impactful method of production, taking great care to minimize the Company’s environmental footprint, and works to build and maintain relationships with local councils and communities.

Management believes that the progress achieved during the first month of operation demonstrates the long-term viability of increasing growth and for the Brookmount team in Indonesia to create a world-class gold operation. The gold market has entered a sustained period of price growth, driven by the unstable state of geopolitics worldwide. With gold as a safe haven for investors who seek security, and with limited supply, we believe that Brookmount is perfectly placed to capitalize on its position as an efficient, low-cost producer with significant reserves, to reward its shareholders accordingly. We look forward to providing more exciting updates as the production and revenue from our Indonesian gold mining operations accelerate. The company expects to file year-end financials by March 17 and Q1 financials, for the quarter ending February 28, by mid-April.

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 building production of existing assets to scale, in addition to acquiring and developing 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.

RENO, NV / ACCESS Newswire / March 19, 2025 / Brookmount Gold (sic. Brookmount Explorations Inc.) (OTC PINK:BMXI), a gold exploration and production company, is pleased to confirm that it has filed its Annual Report & Financial Statements for the fiscal year ending November 30, 2024, with OTC Markets…

FY 2024 Financial Highlights:

Revenue for twelve months reached $18.45 million, an increase of 8.1% over the corresponding result in 2023 of $17.06 million. Revenue was comprised principally of the direct sale of gold. During 2024 the company mined more gold and the price for gold increased from 2023.

Gross Profits increased 3.7% to $12,35 million compared to $11.91 million for fiscal year 2023. .

Net income for 2024 was $9.18 million or $.07 Earnings Per Share (EPS), based on the outstanding share count on 11/30/24 of 140,225,689. This represents a 4.1% increase from the $8.95 million net income achieved in FY23. This is primarily a reflection of increased gold production and higher gold prices, together with a reduced tax provision.

Total Assets increased to $53.63 million compared to $42,32 million on 11/30/23. This is a result of the increased cash flow generated which resulted in substantially more funds being generated and held by the joint venture for reinvestment.

• Total Liabilities decreased to $1.72 million on 11/30/24 compared to $2,10 million on 11/30/23, a 4.1% decrease. This is a result of a lower negotiated tax burden.

For additional information, please visit www.otcmarkets.com for full filing details.

Nils Ollquist, CEO of Brookmount Gold commented as follows: “We are pleased, but not entirely satisfied, by our growth during the past year. During the current fiscal year, we plan to take full advantage of achieving full operational control of our mining operations in Indonesia, through seeking greater efficiency in our mining activities, expanding our number of operating shafts and improving our ore processing sequence to reduce processing times. While the initial transition process to full ownership of the mine, in the first 2 months of 2025 slowed production, the foundation for incremental growth has now been established. Our objective is that the second half of 2025 will show production higher than the second half of 2024. As the price of gold continues to rise (recently trading above $3,000/oz for the first time), and we continue to mine successfully and profitably, the future for the Company is excellent, and will be enhanced by initiatives undertaken by management to enhance the market value of its shares and reward its shareholders for their patience during the past 2 years of rapid development”.

2024 Operational Highlights

In 2024 the Company mined approximately 6,500 ounces (oz) of gold, a new company record, and has now recorded twenty-three consecutive profitable quarters.In July, the Company announced a definitive agreement for the acquisition of 100% ownership and control of The Company’s mining operations at the Indonesian mine. In December, the Company completed the acquisition and took full operational control. Errin Kimball, Brookmount’s Chief Geologist relocated to Indonesia to oversee the process and ensure a smooth transition. In January, the mine was reopened and mining operations recommenced.

The Company commissioned a valuation report from an independent U.S.-based accounting/appraisal firm, to review and endorse a Discounted Cash Flow (DCF) analysis of the Indonesian gold operation’s value to justify the purchase. The report ultimately derived a valuation of $168.7 million, thus paving the way for the purchase and 100% control of the mine and its operations. The $168.7 million appraised value is derived from a thorough and comprehensive analysis of historical and projected production, sales, operating expenses, earnings, and ore grades statistics.

With full operational control, the Company now has the right to fully 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. The Company is working with SGS Group, the worlds leading Testing, Inspection & Certification company with respect to conducting thermal imaging analysis of ore deposits on the property.

The Company initiated a strategy of restructuring North American operations. Given that the majority of our North American properties are each at, or near, production status, Brookmount is proposing a strategy whereby these properties will be transferred into a separate listed entity to facilitate greater access to project funding and provide an independent listing and valuation platform. The transaction will be structured in such a way that several benefits will accrue to Brookmount, and most importantly, its shareholders.

• The Company launched a new social media platform to improve and streamline information delivery and communication with our stakeholders at all levels. This has led to enhanced communication and global visibility creating additional business opportunities for the company.

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 building production of existing assets to scale, in addition to acquiring and developing 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 Increasing Workforce and Area Mined at Indonesian Gold Operation Company to Announce Plans to Pay a Special Dividend Later This Quarter

Reno, Nevada, March 13, 2025 – Brookmount Gold (sic. Brookmount Explorations Inc.) (OTC: “BMXI”), a gold exploration and production company, is pleased to announce that, following a successful series of trial production runs at its newly managed Indonesian production area, management has now finalized an operating plan to extract significantly more gold from its expanded number of operating shafts.

Ore production for the second quarter (March 1- May 31) will increase, with gold being extracted from a total of four operating shafts, two vertical and two horizontal, in two contiguous locations on the property. Commencing early next month, a new group of forty contract miners from Indonesia’s main island of Java, a number that will increase to sixty by May, will conduct mining at the four shafts with sixteen miners undertaking two shifts in order to operate the mine on a 24 hour basis.

With each shaft producing 150 bags of ore, total daily production is projected to be 600 bags (approx.36 tonnes) of ore. The operating budget assumes an average ore grade of 0.8 grams/ore bag (16 grams/tonne), a number lower than the testing results, and a purity ratio of 60%, also below historical averages. This will result in monthly gross revenues exceeding $700,000 from operations, based on the current market price of $93 per gram ($2900 per ounce) of fine gold.

Assuming a net profit margin of 45%, in line with historical averages even at lower gold prices, our projected net monthly profit from the four operating shafts is $315,000. The Company anticipates continually increasing the number of shafts mined each quarter. Cash from operations will remain in the Company’s Indonesian bank account until remitted to our principal operating account with Wells Fargo Bank in Reno NV. Unlike prior to Brookmount establishing control of the property in December, the cash generated can be now used for expansion, paying down debt, stock buybacks or paying dividends. Brookmount anticipates quarterly revenue and profits to continue to rise exponentially as it returns to and exceeds prior operating levels during the second half of 2025.

In commenting on the Q2 Budget, CEO Nils Ollquist said: “We are excited to be able to present these quarterly expectations to our shareholders. Over the past two months, a tremendous amount of work and management time has gone into setting up our systems and protocols, including worker safety, installing new equipment, ore testing and recruiting a new and dedicated workforce. Initial trial (test) mining is now complete, and we will be upscaling our mining to the full budget on the arrival of our new contract workers at the beginning of April. As we reach higher levels of production over the remainder of the quarter, we will be working with SGS Group, Brookmount’s international mining consultants, to seek out additional high-grade ore veins on our property with a view to expanding the number of our active shafts and further build production and revenue over the ensuing quarters. SGS employs a wide range of state-of-the-art techniques for remotely detecting and imaging gold deposits at depth and has already been actively involved with the Company in analyzing gold ore samples from the company’s existing mining areas.’ Mr Ollquist concluded: “We will be making further announcements of our operational progress in Indonesia over the ensuing few months, as well as updating shareholders on the progress of our North American assets and associated special dividend later this quarter.”

About SGS

SGS is the world’s leading Testing, Inspection and Certification company. They operate a network of over 2,500 laboratories and business facilities across 115 countries, supported by a team of 99,500 dedicated professionals. With over 145 years of service excellence, they combine the precision and accuracy to ISO9000 levels that define parameters to help organizations achieve the highest standards of quality, compliance, and sustainability.

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 building production of existing assets to scale, in addition to acquiring and developing additional highquality 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 forwardlooking 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.