Olive Resource Capital Announces August 31, 2024 NAV of C$0.064 per Share

Toronto, Ontario--(Newsfile Corp. - September 9, 2024) - Olive Resource Capital Inc. (TSXV: OC) ("Olive" or the "Company") is pleased to provide investors an updated, unaudited Net Asset Value ("NAV") per share. Management has estimated the NAV of the Company at C$0.064 per share for August 31, 2024 (Table 1). At the end of August, the Company's price per share was C$0.025.

Table 1: Olive NAV Breakdown

Name	Ticker	Value	Value per Share ($)
Black Sheep Income Corp.	Private	$1,262,649	0.012
Guided Therapeutics Inc.	Private	$402,574	0.004
Omai Gold Mines Corp.	OMG: TSXv	$288,000	0.003
Silver47 Exploration Corp.	Private	$237,500	0.002
Mawson Gold Ltd.	MAW: TSXv	$225,000	0.002
Working Capital and Liquid Investments (1)(2)	-	$1,777,859	0.017
Other Public Equity Investments	-	$1,770,883	0.017
Other Private Equity Investments	-	$695,036	0.007
Other Merchant Banking Investments	-	$94,580	0.001
Total		$6,754,080	0.064

 

1. Working Capital is calculated as cash, adjusted for management's estimate for known liabilities and is subject to change with future estimates or financial reports.
2. Olive defines Liquid Investments as investments whose position can be liquidated in less than one day's average trading volume for that security.

Samuel Pelaez, the Company's President, CEO, CIO, and Director stated: "Gold prices rallied to fresh all-time highs in August, outperforming the rest of the commodity complex. Copper prices were relatively flat, and oil prices dropped anticipating an increase in OPEC output. Major resource equities underperformed their respective commodities. The US dollar dropped to a strong resistance level and so far has held it, suggesting a short term rebound in the US dollar is possible. While Olive remains well deployed into both the larger and the junior resource space, we are cautious heading into the September through November period which typically marks a weak season for risk appetite and commodity returns."