Belo Sun holder La Mancha increases interest to 24.9%

Executive Summary

• La Mancha Investments Sarl, a subsidiary of La Mancha Resource Fund SCSp, subscribed to 50,587,226 common shares of Belo Sun Mining Corp. in a non-brokered private placement.
• The transaction was completed at a price of $0.43 per share, resulting in aggregate consideration of $21,752,507.
• Following this subscription, La Mancha’s ownership stake increased from approximately 19.2% to 24.9% of the issued and outstanding shares.

Key Details

• Subscriber: La Mancha Investments Sarl (wholly owned subsidiary of La Mancha Resource Fund SCSp, advised by La Mancha Resource Capital LLP).
• Issuer: Belo Sun Mining Corp.
• Transaction Date: February 24, 2026.
• Shares Acquired: 50,587,226 common shares.
• Price Per Share: $0.43 CAD.
• Aggregate Consideration: $21,752,507.
• Transaction Type: Non-brokered private placement.
• Pre-Transaction Ownership: 90,547,307 shares (approx. 19.2% of issued and outstanding shares).
• Post-Transaction Ownership: 141,134,533 shares (approx. 24.9% of issued and outstanding shares).
• Future Intent: La Mancha may acquire additional securities or dispose of shares through market transactions, private agreements, or treasury issuances.
• Regulatory Filing: An early warning report containing additional information will be filed with SEDAR+.

Notable Quotes

• None provided in the release.