Fura Gems Inc. announces that it has drawn down an additional USD 3.5 million from its loan facility previously announced on March 10, 2020 (the "Second Advance"). An additional USD 4.1 million remains available for drawdown by the Company at a later date, subject to the terms of the grid promissory note (the "Note") issued to the lender (the "Lender") in the maximum aggregate principal amount of USD 28.6 million. The funds advanced under the Note are initially unsecured, will bear interest at a rate of 10% per annum and have a maturity date of August 31, 2021. The principal amount of the loan as well as accrued interest will be payable on the maturity date. The proceeds of the Second Advance are expected to be used by Fura for (i) the advancement of its Coscuez emerald project in Colombia, its ruby projects in Mozambique and its sapphire projects in Australia, (ii) general corporate purposes, including paying down debts and (iii) payment towards acquiring SLR Mining, Limitada, a Mozambican mining company holding 100% of each of ruby mining concession 8955C and ruby exploration licence 7414L.