Brookmount Gold Increasing Workforce and Area Mined at Indonesian Gold Operation

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.

Investor Relations Contact: ir@bmxigold.com

Website: https://www.brookmountgold.com

Corporate Contact: corporate@brookmountgold.com

Social Links: Brookmount Gold X (Former Twitter): https://x.com/brookmountgold