Beacon Minerals Limited (ASX: BCN) (Beacon or the Company) advisesthat further to the ASX release dated 9 March 2022 the Company has closed out its forward gold contract.

The Company had previously advised that it had entered into a 9,000 ounce forward gold contract to be delivered in monthly instalments from March 2022 to August 2022 (Forward Sale Facility Agreement).

The forward price was to average a net A$2,700 per ounce.

On 18 March 2022 the Company brought 3,000 ounces at A$2,666 per ounce. On 21 March 2022 the Company brought 6,000 ounces at A$2,603 per ounce. In total the Company has received $672,000 from the closure of the 9,000 ounces forward contract The Company retains the right to negotiate new forward contracts for up to 9,000 ounces.

Contact:

Graham McGarry

Tel: 0459 240 379

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