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Belo Sun Receives Supportive Ruling from Federal Court of Appeal IN Brasilia

Legal & Disputes

BELO SUN RECEIVES SUPPORTIVE RULING FROM

FEDERAL COURT OF APPEAL IN BRASILIA

Toronto, Ontario

July 12, 2019

Belo Sun Mining Corp. (“Belo Sun” or the “Company”) (TSX: BSX) reports that a three judge panel

decision by the Court of Appeals of the Federal Justice in Brasília (Tribunal Regional Federal da 1ª Região

for the Tutela Antecipada Antecedente) has ruled unanimously that SEMAS (State Environmental Agency

for the Government of Para) remains the competent authority for the environmental permitting of the

Volta Grande Gold Project (see press release dated September 11, 2018). The ruling confirms that the

Construction License (“LI”) granted in 2017 by SEMAS and the Environmental License (“ LP”) granted in

2014 by SEMAS for the Volta Grande Gold Project remain valid, subject to the completion of t he

Indigenous Study prepared following the protocols prescribed by FUNAI (Fundação Nacional do Índio),

including primary data collection and consultations with the local Indigenous communities (see press

releases dated December 6, 2017 and July 23, 2018).

About Belo Sun Mining

Belo Sun Mining Corp. is a minera l development and exploration company with a portfolio of gold -

focused properties in Brazil. The Company’s primary focus is on advancing and expanding i ts 100 %

owned Volta Grande Gold Project , located in Para State . Belo Sun trades on the TSX under the sym bol

“BSX”. For more information about Belo Sun please visit www.belosun.com.

For further information, please contact:

Peter Tagliamonte, President and CEO

Belo Sun Mining Corp.

[email protected]

(416) 861-5934

Caution regarding forward-looking information:

This press release contains "forward -looking information" within the meaning of applicable Canadian

securities l egislation. Forward -looking information includes, without l imitation, statements regarding the

ruling from the Court of Appeals of the Federal Justice in Brasília (Tribunal Regional Federal da 1a

Região). Forward-looking information is subject to known and unknown risks, uncer tainties and other

factors that may ca use the actual results, level of activity, performance or ac hievements of the Company

to be materially different from those expressed or implied by such forward -looking information, including

risks inherent in the mini ng 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 b e no assurance that

such information will prove to be accura te, as actual results and future events could differ materially from

those anticipated in such statements. Accordingly, readers should no t place undue relianc e on forward-

looking information. The Company does not undertake to update any forward -looking information, except

in accordance with applicable securities laws.