The Board of Besra Gold Inc. reported that the second batch of drill core assay results has been received for its 2021-2022 drilling program at Jugan. These mirror the outstanding results obtained in Besra's first batch of drill results, released on 17 February 2022. When integrated with historical drilling and trenching studies, the results of this drilling program will provide much clearer definition of overall extent and geometry of Jugan's mineralisation including where the mineralisation extends to the surface. The Jugan Project, is located approximately 6 km NE of Bau township (Figure 11). Historical drilling has previously delineated a JORC Resource at Jugan of: Measured + Indicated Resource of 870,000 Oz at 1.5 g/t Au; Inferred Resource of 90,000 Oz at 1.6 g/t Au; and Additional Exploration Target1, 2 of 2.0 ­ 3.2 Moz at 1.8 ­ 2.5 g/t Au. Because gold mineralisation at Jugan is dominantly refractory, gold mineralisation is normally correlated with the presence of visible sulphides in core, whereas the occurrence of visible "free" gold in core is very rare. The sulphides at Jugan are dominated by arsenopyrite, with subordinate pyrite, either as highly disseminated fine grain occurrences mostly within shales or more concentrated occurrences associated within veining, stockworks, sand laminations, fracturing and occasional breccia. In total 16 fully cored holes, representing approximately 1,650 m of drilling (Table 1 & Figure 4), are designed to provide additional sub-surface control including across the crest and southwestern flank of Jugan Hill, and plunging northeastern limb. This topographic feature coincides with the outcrop of the main mineralised body where local faulting may enhance the crestal region with apparent rollover. Currently, assay results of core samples of a further seven drill holes are pending (JUDDH-89 to -94 & - 96). Drill holes JUDDH-95 & 97 are currently being drilled. The locations of the drill holes for the 2021- 2022 program at Jugan are shown on Figure 4 and drill hole details are tabulated in Table 1. Mineral intercepts for the Jugan Project's second batch of diamond drill hole are tabulated in Appendix 1, illustrated in Figures 1, 2, & 3, and summarised below, based on 0.5 g/t cut-off and 1 m or less of internal dilution. The 2021-2022 Jugan drilling program is designed to provide infill and step-out drilling, including depth and strike extensions in order to both confirm and challenge the historical mineralisation envelope, as defined by the wire-frame model used to develop Jugan's Resource inventory. The results of JUDDH-86 (Figure 1) confirm the east-southeast extension of the mineralisation outcrop at surface beyond the crest of Jugan Hill (tested by JUDDH-85) allowing for the expansion of surface outcrop eastwards and beyond the extent previously provided by historical hole DDH-11318 (Figure 4). Furthermore, it provides confidence in extrapolating this mineralisation and correlating it to shallow intercepts in JUDDH-09 (Figures 5 & 6). As previously noted in Besra's release dated 17 February 2022, this is very promising because this additional data provides for an expanded surface footprint of outcropping mineralisation which, in turn, enhances the extent of low strip ratios in any future potential mining operations. As shown in Figure 3, JUDDH-88 intercepted 82m of mineralisation over a drilled interval of 89m. This drill hole was designed to investigate the lateral continuity of the main zone of mineralisation, down-dip beyond the surface outcrop, in the direction of the mineralisation's plunging northern limb. As shown in Figures 5 & 6, JUDDH-88 penetrated an almost continuous zone of mineralisation from the surface down to 89m including a
basal interval of significantly higher-grade mineral endowment, probably associated with enhanced fracturing and veining (Figure 7) proximal to the thrust fault boundary.