Burrell Resources Transitions to Semi-Annual Financial Reporting Under CSE Coordinated Blanket Order 51-933

Adoption of Semi-Annual Reporting Under CSE Pilot Program

On July 22, 2026, Burrell Resources announced its decision to utilize Coordinated Blanket Order 51-933 to transition from quarterly to semi-annual financial reporting. This pilot initiative, managed by the Canadian Securities Exchange, allows eligible venture issuers to reduce reporting frequency voluntarily while upholding essential financial disclosure requirements.

With a fiscal year ending December 31, Burrell will no longer submit interim financial statements and MD&A for the first quarter (ending March 31) and third quarter (ending September 30). The first reporting period exempted will be the third quarter ending September 30, 2026.

Continued Financial Disclosure Obligations Under the Pilot

Despite the reduced interim reporting, Burrell will maintain significant disclosure responsibilities. The company will continue to file audited annual financial statements within 120 days after year-end and six-month interim financial reports within 60 days following June 30, ensuring investors receive comprehensive mid-year and year-end financial updates.

This reporting framework provides shareholders with detailed audited annual results and a six-month interim update, while eliminating Q1 and Q3 filings to lessen administrative and compliance costs for early-stage exploration companies without materially limiting investor access to key financial information.

Eligibility and Regulatory Compliance Confirmation

Burrell confirmed its compliance with all eligibility criteria for Coordinated Blanket Order 51-933, including venture issuer classification, annual revenues below $10 million, and a spotless 12-month continuous disclosure record. These qualifications enable the company to participate in the semi-annual reporting pilot program.

The announcement was filed under the specific exemptions provided by Coordinated Blanket Order 51-933, which facilitates semi-annual reporting for certain venture issuers. By meeting these standards, Burrell joins other CSE-listed companies benefiting from a streamlined regulatory reporting approach that balances investor protection with operational efficiency for early-stage mineral exploration enterprises.

Impact on Shareholder Communications and Investor Access

The shift to semi-annual reporting modifies the timing and frequency of financial disclosures available to Burrell shareholders. Instead of four interim financial reports annually, investors will receive two: a six-month interim report and audited annual financial statements. This change aligns with common practices in other jurisdictions for small-cap exploration firms.

Maintaining the six-month interim report ensures material developments in the first half of the fiscal year are disclosed, while the removal of Q1 and Q3 filings reduces compliance workload, potentially enabling management to focus more resources on exploration and project advancement.

Burrell Resources’ Exploration Focus

Burrell Resources is a discovery-driven gold exploration company with a skilled team and an exploration portfolio located in Nevada, USA. Its focus on gold exploration positions it within the mineral exploration sector, where semi-annual reporting frameworks can provide operational benefits for early-stage companies.

Additional information about Burrell’s exploration activities, corporate governance, and investor relations is available at www.burrellresources.com.

Regulatory Framework and CSE Oversight

Coordinated Blanket Order 51-933 is a regulatory initiative designed to update disclosure requirements for venture issuers on the Canadian Securities Exchange. It permits eligible companies to voluntarily adopt semi-annual reporting while maintaining continuous disclosure obligations and oversight by CSE Regulation Services. Neither the CSE nor its Regulation Services Provider assumes responsibility for the accuracy or adequacy of company announcements made under this order.

This pilot program reflects a regulatory evolution to balance investor protection with the practical compliance costs faced by early-stage, capital-efficient mining exploration companies, encouraging transparency while reducing unnecessary administrative burdens.

Implementation Timeline and Initial Application

The semi-annual reporting transition takes effect immediately upon the announcement, with the first application occurring for the Q3 2026 interim reporting period. Under the prior quarterly system, Burrell would have filed an interim report and MD&A for the three months ending September 30, 2026; under the new framework, this filing is no longer required.

Subsequent filings will include the six-month interim report due within 60 days after June 30, 2027, and audited annual financial statements for the year ending December 31, 2026, due within 120 days of year-end.

Forward-Looking Statements and Risk Disclaimer

The announcement contains standard forward-looking statements and historical information. Terms such as "potential," "anticipate," "significant," "forecast," "believe," "estimate," "expect," "may," "project," and "plan" identify forward-looking statements. Burrell cautions that although it believes these expectations are reasonable, actual results may differ due to risks and uncertainties, and no assurance is given that outcomes will align with these statements.

Readers should not rely on this information for purposes beyond gaining general knowledge of Burrell Resources Inc. Except as required by law, the company does not undertake any obligation to update forward-looking statements if management’s views or circumstances change.