Bezant provided shareholders with an update on the Hope and Gorob near-surface drill programme targeting copper - gold mineralisation and to provide notice of the submission of both a Mining Licence Application and an Exploration Licence Renewal Application. Assay results for a further nine diamond drillholes at the Hope and Vendome prospects have been received following on from the encouraging results achieved and announced to the Market on 14 June 2022 for the near-surface drill programme completed at Gorob. Assay results have been received for 2 holes drilled at Vendome and 7 out of 8 holes at the Hope prospect, as detailed in Table 1.Two drillholes, HDP001 and HDP002 were drilled for geological purposes, not with the aim of intersecting mineralisation and hence are not included in Table 1 below.

Results for HPD007 are still pending. 21 angled diamond drillholes were completed in the shallow drill programme for a total of 1,371.47m. Holes were collared at the Hope, Gorob, Vendome, Anomaly and Du Preez prospects.

Drilling commenced at the Gorob prospect where 8 holes were completed with assay results reported to shareholders in June of this year. The Gorob drill intercepts extended mineralisation near-surface over a strike length of more than 500m, returning peak downhole intercepts of 2.16% Cu, 0.35g/t Au over 2.4m in hole GRD006 and 2.03% Cu, 0.18g/t Au over 5.5m in GRD003. Corresponding gold grades at Gorob were low compared to the consistent presence of gold in drill results to date for Hope and Vendome.

Assay results from Hope and Vendome continue to confirm the Company's hypothesis that copper - gold mineralisation extends close to surface. Discovery of near-surface mineralisation provides the scope for the extension of the existing mineral resource estimate upwards from a variable depth of between 100m and 60m below surface where the current model typically terminates due to an absence of drilling in the intervening zone to surface. The programme aims to generate sufficient drill data including assay results and detailed geological logs to allow external resource consultants to update both the geological model and the mineral resource estimate.

An updated Scoping Study completed in May 2022 noted that near-surface drilling at Hope and Gorob could be expected to add significantly to the current resource. Based on the recent drill intercepts in respect of both grade and mineralised widths, the Company believes that the eventual additional resource tonnes derived from near-surface mineralisation may exceed the preliminary estimate. Bezant has submitted a Mining Licence ("ML") application together with an Exploration Licence ("EPL") renewal application covering the Hope and Gorob Projectas the Company believes that sufficient exploration has been completed to warrant the application.

The accompanying Environmental & Social Impact Assessment is also underway. The ML application is based on an updated Scoping Study ("Study") completed by external consultants in May 2022 incorporating existing and upgraded internal mineral resource estimates but excluding any subsequent additional resources to be generated from the current drill programme. The ML application covers a specific area of the original Hope and Gorob licence related to future planned mining activity.