First Diamond Drill Hole Intersects Visible Copper and Zinc...

First Diamond Drill Hole Intersects Visible Copper and Zinc Sulphides Key Highlights

• First diamond drill hole at Belara has intersected visible copper and zinc sulphides
• Mineralisation targeted was an untested area 200m up dip from deeper historic drill intersections
• Results confirm continuity of the massive sulphide mineralisation closer to the surface(around 120m depth over a 7m downhole interval)
• Next Steps- Exploration activities are progressing well and a second RC rig is expected in late April to start infill resource drilling- The full HQ core will be used for metallurgical test work to support the updated Inferred Resource - assays to be released after the metallurgy is completed for this hole

Belararox Ltd (ASX:BRX) (Belararox or the Company), an advanced mineral explorer focused on high value clean energy metals, is pleased to announce that following the IP and Gravity surveys, which delivered significant results, the first diamond drill hole completed from this round of exploration activities at the Belara Project in Central NSW (Belara) intersected massive sulphide mineralisation in a previously untested zone. Importantly, the first diamond drill hole, located 200 metres up dip from deeper historic drilling,intersected visible copper and zinc sulphides and confirms continuity of the massive sulphide mineralisation closer to the surface (around 120m depth over a 7m downhole interval). The resource and metallurgical drilling at Belara are intended to build upon historic results and determine the potential of the Belara Project to host commercial quantities of mineralisation.

Managing Director, Arvind Misra, commented: “We have had an exciting start to our drilling campaign with the first hole drilled intersecting visible copper and zinc sulphides. The mineralised intersection is close to our targeted depth of 120m and more importantly, confirms continuity of the massive sulphide mineralisation. “With the zinc price at an all-time high, BRX presents a unique and significant zinc and copper investment opportunity. These battery minerals are likely to remain in demand in the foreseeable future due to growth in electric vehicle and renewable energy markets.”