The Directors of Bassari Resources Limited provided further update on significant recent events. The proceeding initiated by Coris Bank seeking to execute the commissary pact and take possession of the Sambarabougou Exploitation Permit (the Permit) was listed for a hearing on 10 August 2021. The Company has been advised that this hearing has been removed from the Court list at Coris' request. The Company understands that Coris is seeking to pursue its original proceeding for a seizure and sale process for the Permit. That action is listed to be heard on 24 August 2021 to consider the terms and conditions for any sale of the Permit by public auction. The Company and its legal team in Senegal continue discussions with Coris, the Department of Mines and the Government of Senegal and potential financiers, working towards an agreed repayment solution with Coris as well as securing confirmation from the Government of Senegal that the Permit is in good standing. Further updates will be provided in due course.