BARYS RESOURCES LIMITED — Board/Management Information 2021

Oct 3, 2021

ASX RELEASE | 4 October 2021

MANAGING DIRECTOR APPOINTMENT

ABOUT KOPORE METALS

Kopore Metals Limited is a public company listed on the Australian Securities Exchange (ASX) and is actively exploring its copper-silver prospects on the emerging world class Kalahari Copper Belt, located in the Republic of Botswana and in the Bryah Basin of Western Australia.

DIRECTORS & MANAGEMENT

PETER MEAGHER Non-Executive Chairman

CAROLINE KEATS Managing Director

GRANT FERGUSON Non-Executive Director

SIMON JACKSON Non-Executive Director

REGISTERED OFFICE Suite 5, 62 Ord Street West Perth WA 6005

Kopore Metals Limited (“ Kopore ” or “ Company ”) is pleased to announce that it has appointed Ms Caroline Keats as Managing Director on a fulltime basis, effective immediately.

Ms Keats was previously a Non-executive Director, having been appointed on 5 August 2021. Mr Simon Jackson steps down as Managing Director and continues in a part-time executive role for six months before assuming a Non-executive Director role.

Ms Keats is a legally qualified, strategically focused business leader and corporate executive with 20 years of corporate/commercial experience. She has extensive operational experience working with assets in foreign jurisdictions, particularly Africa, and has effectively liaised with foreign governments to improve their understanding about operational and Australian corporate requirements and has facilitated outcomes beneficial to mining projects, local communities and the local economy.

Caroline commenced her career as a lawyer at Blake Dawson Waldron (now Ashurst) and then at Blakiston & Crabb (now Gilbert & Tobin). Caroline has since worked in senior management and executive roles at Paladin Energy Ltd, Mawson West Limited, MRX Technologies (a Siemens business) and held the Managing Director role at Tiger Resources Limited.

Commenting on the appointment, Peter Meagher, Chairman of the Board said:

“ We are pleased to welcome Caroline as Managing Director. Caroline is an accomplished professional and has worked as an executive and director of listed resources companies over a long period. Her background and experience, including her work as Managing Director of metals projects in Africa will prove highly beneficial as we move forward.

On behalf of my fellow Directors, I would like to thank Simon for his efforts and contribution to the Company during his tenure as Managing Director. Simon has played a vital role in guiding Kopore to what is now an exciting point in the development of our projects.”

The material terms of Ms Keats’ Executive Services Agreement are set out in Annexure A.

Authorised by the Board of Kopore Metals Limited.

FOR FURTHER INFORMATION PLEASE CONTACT:

SIMON JACKSON

Managing Director

Kopore Metals Limited Tel. +61 8 9322 1587 info@koporemetals.com www.koporemetals.com

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ASX RELEASE | 4 October 2021

ANNEXURE A

• Base salary of $300,000 per annum ( Base Salary ), which is exclusive of superannuation.

• Short Term Incentives of up to 30% of the Base Salary, paid in cash upon achievement of key performance indicators to be set by the Board for each 12-month period.

• Grant of 20 million loan shares ( Loan Shares ) in accordance with the Company's proposed employee incentive plan ( 2021 ESIP ), subject to shareholders approving both the issue of the Loan Shares and the 2021 ESIP at the 2021 Annual General Meeting.

• Termination:

  • (i) by the Company with one months' written notice (and a 6 month Base Salary payment in the event the Company's terminates without cause); or

  • (ii) by the Managing Director with three months' written notice.