BRIEF

on Marrelli Capital Limited (CVE:BER.H)

1742096 Ontario Ltd. Acquires Significant Stake in BE Resources Inc.

1742096 Ontario Ltd. announced the acquisition of 2,536,392 common shares in BE Resources Inc., representing 22.33% of the company's outstanding shares. This transaction was completed on July 6, 2026, through a private deal with Robert Suttie, a director of BE Resources Inc. The shares were purchased for a total of C$1.00. Prior to this, 1742096 Ontario Ltd. held no shares in the company.

The acquisition is for investment purposes, with the possibility of future adjustments to its holdings based on current circumstances. This could include buying more securities or selling existing shares, subject to applicable securities laws.

BE Resources Inc. is located in Toronto, and further details on the transaction can be accessed via the SEDAR+ website.

R. E.

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