BARYS RESOURCES LIMITED — Capital/Financing Update 2019

May 14, 2019

ASX RELEASE | 15 MAY 2019

DISCLOSURE UNDER ASX LISTING RULE 7.1A.4(B) AND 3.10.5A

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.

DIRECTORS & MANAGEMENT

PETER MEAGHER Non-Executive Chairman

SIMON JACKSON Managing Director

GRANT FERGUSON Non-Executive Director

SHANNON COATES Non-Executive Director

REGISTERED OFFICE

Suite 5, 62 Ord Street West Perth WA 6005

In relation to the Placement advised in the Appendix 3B released to the ASX today, and in accordance with ASX Listing Rules 7.1A.4(b) and 3.10.5A the Company makes the following disclosures in respect of the Placement:

The Company issued 54,257,640 of the 92,200,000 Placement shares under Listing Rule 7.1A. The securities issued resulted in the following dilution to existing holders of ordinary securities:

Number of fully paid ordinary shares on issue prior to the Placement of securities under LR 7.1A was 542,576,400.

Number of fully paid ordinary shares on issue following this issue of securities under LR 7.1A was 596,834,040.

Percentage of voting dilution due to the portion of the Placement shares that are issued under LR 7.1A following the issue is 10%, with the total dilution due to the Placement being 16.99%.

The Company issued shares as a placement to sophisticated and professional investors as this was considered to be the most expedient mechanism for raising funds in a timely manner. The Company is grateful for the support of its long-term shareholders.

No underwriting agreements were entered into with respect to the Placement.

Commission payable was 6% of funds raised under the Placement, with no broker options or equity.

FOR FURTHER INFORMATION PLEASE CONTACT:

SIMON JACKSON Managing Director

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

ASX RELEASE | 15 May 2019

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 nine prospecting licences in Namibia, for a total of 15,136 square kilometres on the world class Kalahari Copper Belt. Kopore believes the Kalahari Copper Belt can provide 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 #5th respectfully for “investment attractiveness” in Africa, in addition to their highly ranked global position.

Page | 2