BARYS RESOURCES LIMITED — Capital/Financing Update 2019

May 29, 2019

ASX RELEASE | 30 MAY 2019

DIAMOND DRILLING RESUMED AT THE KORONG CENTRAL DOMAL PROSPECT, BOTSWANA

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, Republic of Botswana and Namibia.

HIGHLIGHTS

• Following re-evaluation of recent geological information, the Company has resumed diamond drilling KCD_DD_001, located on the Korong Central Domal Prospect in Botswana.

• KCD_DD_001 is currently at 304.47m downhole, with the diamond drill rig set up to re-enter the hole and extend it for a further 200-300m depth.

DIRECTORS & MANAGEMENT

PETER MEAGHER Non-Executive Chairman

SIMON JACKSON Managing Director GRANT FERGUSON Non-Executive Director SHANNON COATES Non-Executive Director

• A total of 3,698.15m of drilling has been completed to date on the Korong Dome.

• The extension of KCD-DD-001 is expected to be complete by mid-June 2019.

• The Korong Central Domal Prospect is located within the Company’s 100% owned Botswana Ghanzi West licence group.

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

Kopore Metals Limited (ASX: KMT, “Kopore” or the “Company”) is pleased to announce the recommencement of drilling at the Botswana Korong Central Domal Prospect. As previously announced[1] , the Company had received a reinterpretation of its 2017 airborne electromagnetic (EM) survey results, prompting an RC and diamond drilling program, which was completed in late Q4 2018.

Following a detailed re-evaluation of the EM survey results and geological review of the drill core, including a peer review, the Company has now reentered hole KCD_DD_001 at Korong Central.

The objective of the drilling program will be to further test the lower D’Kar/Ngwako Pan Formation contact position. The lower D’Kar Formation is known as the host for copper-silver mineralisation across the Kalahari Copper Belt.

The hole will be extended by 200-300m or until the contact position is intersected.

Drilling to date at the Korong Dome in Botswana has achieved a total of 3,698.15m with RAB/RC accounting for 3,452.6m, (RAB = 1,155 & RC = 2,297.6m) and diamond drilling totalling 245.55m.

Commenting, Simon Jackson, Managing Director said “We are excited to be drilling again in Botswana at Korong Central and will keep the market informed as we target the D’Kar/Ngwako Pan contact. Kopore remains focused on its goal of finding the next copper deposit on the Kalahari Copper Belt.”

1 ASX Announcement - 29 November 2018 – Korong Central Drilling Intersects Shallow Footwall Contact in Botswana https://www.asx.com.au/asxpdf/20181129/pdf/440rndz5v2nls2.pdf

ASX RELEASE | 30 May 2019

Further to the announcement on 6 May 2019, in Namibia, a diamond drill rig is also currently being mobilised to the Ongava Dome and is expected on site shortly. The Company will advise the market when drilling recommences at Ongava.

Table 1 – Korong Central Prospect Drillhole Collar

Drill Hole No	UTM_E	UTM_N	RL (m)	EOH (m)	Azimuth	Dip	Status
KCD_DD001	493779	7543081	1160	304.76	0	-90	To be extended

==> picture [515 x 504] intentionally omitted <==

Figure 1 - Botswana Ghanzi West Korong Central Domal Prospect Interpreted Geology

Page | 2

ASX RELEASE | 30 May 2019

==> picture [515 x 251] intentionally omitted <==

Figure 2 – Diamond drill rig at Korong Domal Prospect on 29 May 2019

FOR FURTHER INFORMATION PLEASE CONTACT:

SIMON JACKSON Managing Director Kopore Metals Limited Tel. +61 8 9322 1587 info@koporemetals.com www.koporemetals.com

COMPETENT PERSONS STATEMENT

The information in this announcement that relates to exploration results is based on information compiled by Mr David Catterall, a Competent Person and a member of a Recognised Professional Organisations (ROPO). David is engaged by Kopore as a consultant Exploration Manager. David Catterall has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC 2012). David Catterall is a member of the South African Council for Natural Scientific Professions, a recognised professional organisation.

David Catterall consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

ABOUT KOPORE

Kopore Metals Limited (ASX: KMT) 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 Namibia.

Kopore continues to explore for stratabound copper-silver deposits across its sixteen 100% owned prospecting licenses in Botswana and eight prospecting licences in Namibia, for a total of 14,363 square kilometres on the world class Kalahari Copper Belt. Kopore believes the Kalahari Copper Belt can provide

Page | 3

ASX RELEASE | 30 May 2019

the potential for large scale discovery, as demonstrated by neighbouring resource development companies.

The directors and management of Kopore have strong complimentary experience with over 20 years of Australian and International technical, legal and executive roles in exploration, resource development, mining, legal and resource fields.

Botswana and Namibia are stable, pro-mining jurisdictions, supportive of mineral exploration and development. According to the most recent Fraser Institute Annual Mining Survey, Botswana and Namibia are ranked #1st and #6th respectfully for “investment attractiveness” in Africa, in addition to their highly ranked global position.

Page | 4