Belo Sun Mining Corp. Announces the Retirement of Joe Milbourne, Vice President, Technical Services

TORONTO, July 29, 2022 - Belo Sun Mining Corp. (“Belo Sun” or the “Company”) (TSX: BSX; OTCQX: BSXGF) announces that Joe Milbourne, Vice President, Technical Services, will be retiring as an officer of Belo Sun effective August 1, 2022.

Peter Tagliamonte, President, and CEO commented, “Joe has done an outstanding job assisting Belo Sun advance the Volta Grande Gold Project. His leadership of the Engineering and Technical teams and his dedicated efforts have been instrumental in advancing the engineering and design work and to the tremendously successful Feasibility Study for the Volta Grande Gold Project. Personally, Joe has been a good friend and colleague for many years, and it has been an honor, pleasure, and an inspiration to have worked with him for over 25 years. On behalf of the Board of Directors and all Belo Sun employees and stakeholders, I would like to thank Joe for his commitment and dedication to Belo Sun. The Belo Sun Team wishes Joe and his family all the best and much enjoyment and success in his future endeavors.”


About Belo Sun Mining

Belo Sun is a Canadian-based mining company with a portfolio of gold-focused properties in Brazil. The Company is currently focused on the development of the Volta Grande Gold Project. Belo Sun trades on the Toronto Stock Exchange under the symbol “BSX” and on the OTCQX under the symbol “BSXGF”. For more information, please visit www.belosun.com or contact Investor Relations at +1 416 861-2262


Caution regarding forward-looking information:

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the resignation of officers of the Company. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including risks inherent in the mining industry and risks described in the public disclosure of the Company which is available under the profile of the Company on SEDAR at www.sedar.com and on the Company's website at www.belosun.com. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.