Announcement • 1h
Bellavista Resources Ltd Announces Board and Executive Changes, Effective June 11, 2026 Bellavista Resources Ltd. announced that Darren Cooke would join the Board as a Non-Executive Director, effective June 11, 2026. Mr. Cooke is a geologist with 28 years’ experience and has held senior positions in global majors including Barrick Gold Corporation, Newmont Corporation, Northern Star Resources and FireFly Metals. Mr. Cooke is Chief Executive Officer of FireFly Metals, the entity from which Bellavista recently purchased the Pickle Crow Gold Project. Mr. Cooke has extensive knowledge of Pickle Crow, having overseen exploration and resource growth activities at the project from 2020 to 2023. Mr. Cooke also has extensive gold industry experience in Australia and North America spanning regional and near mine exploration, operational geology, long-term planning and corporate development. He has a strong track record of discovery and delivering resource growth during his time working at world-class deposits such as the Golden Mile Kalgoorlie (Kalgoorlie Consolidated Gold Mines), Callie (Newmont Corporation), Kundana, Kanowna Belle (Northern Star Resources /Barrick Gold Corporation) and the Pogo deposit in Alaska (Northern Star Resources). Mr. Cooke spent six years as part of the Business Development team at Northern Star Resources. This team completed significant M&A transactions that helped the Company transform from a junior into a global gold company. Bellavista Resources Ltd. also announced that Michael Wilson had resigned as a Non-Executive Director and had been appointed as the Company’s Technical Consultant, both effective June 11, 2026. Alexandra Hughes would join Maddison Cramer as Joint Company Secretary of Bellavista, effective June 11, 2026. Ms Hughes is a former corporate and commercial lawyer who has advised numerous entities, including ASX listed and private companies, on capital raisings, equity capital markets, mergers and acquisitions, corporate governance, and compliance with the Corporations Act and ASX Listing Rules. She is currently a corporate advisor at boutique corporate services business Belltree Corporate. Prior to joining Belltree Corporate, Ms Hughes worked in the corporate and commercial teams at Bennett Litigation and Commercial Law and Clayton Utz. Ms Hughes would be jointly responsible for communication with the ASX in relation to listing rule matters, pursuant to ASX Listing Rule 12.6. New Risk • May 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 43% per year over the past 5 years. Shareholders have been substantially diluted in the past year (107% increase in shares outstanding). Revenue is less than US$1m (AU$163k revenue, or US$116k). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Significant insider selling over the past 3 months (AU$560k sold). Market cap is less than US$100m (AU$92.8m market cap, or US$66.0m). New Risk • May 12
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: AU$560k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 43% per year over the past 5 years. Shareholders have been substantially diluted in the past year (107% increase in shares outstanding). Revenue is less than US$1m (AU$163k revenue, or US$118k). Minor Risks Significant insider selling over the past 3 months (AU$560k sold). Market cap is less than US$100m (AU$120.9m market cap, or US$87.4m). 
