Auckland, New Zealand: 27 April 2020 – Besra Gold Inc (BGI) is very pleased to announce the signing of a mandate agreement with Global Investment Bank Canaccord Genuity (Australia) Limited (Canaccord),

Besra has engaged Canaccord to act on an exclusive basis as Lead Manager for an issue or sale of new fully paid ordinary shares in the common stock of the Company (“Shares”) to raise an amount to be determined as part of an initial public offering capital raising and listing of the Company’s shares on the Australian Securities Exchange (ASX) (“IPO Offer”). A condition of Canaccord’s involvement and the introduction of new investors to the Offer is the conversion of all debt and other liabilities into equity so that the Company can emerge at the IPO with a clean balance sheet, no debt and unencumbered cash to advance the multi-million ounce Bau gold asset in Malaysia. The Company will release further details on that conversion once they have been finalised with Canaccord.

Besra CEO, John Seton stated that, “Having been in discussions with Canaccord for some time we are particularly impressed with their knowledge of, access to and distribution in the equity capital markets for natural resources companies both within Australia and internationally. The signing of this mandate crystallises our forward plans to expand, develop and bring into production our major gold project at Bau in Sarawak, East Malaysia.”

Australian Corporations Act 2001 – Section 734(5) statement
No offer of common shares in Besra Gold Inc is currently available. A disclosure document for any future offer will be made available when the securities are offered, and anyone who wants to acquire securities will need to complete the application form that will be in or will accompany the disclosure document.