Besra Gold Inc. (the Company) announced that Mr. Chang Loong (Kenny) Lee has been appointed as an Executive Director of the Company. The Board has also recognized that following completion of its current management
review process, it will seek to appoint two additional independent mining experienced directors (to compliment the Canadian independent Director) as the Company continues to move towards pilot plant production and full production mode. As previously announced, Mr. Lee was a Non-Executive Director and has agreed to take on an Executive Director role pending the intended future engagement of a Managing Director. With a background in capital markets, fintech, corporate advisory and blockchain-enabled businesses, Mr. Lee has over 11 years of experience in the Australian business and financial landscape, assisting several international businesses to establish their Australian foundations. As the co-founder and Managing Partner of Neo Legal, a law firm headquartered in Melbourne, specializing in blockchain consultancy, corporate law, commercial law and immigration, Mr. Lee's portfolio includes multiple high net worth clients and client family offices situated both locally and overseas. Previously, Mr. Lee co-founded and served as the Chief Executive Officer at STAX, a platform that facilitated Australia's first IPO to take USDT cryptocurrency as investment subscription funds. Notably, STAX allowed both retail and wholesale investors to participate in capital raises, which uniquely accepted both fiat currency and cryptocurrency investments. In order to comply with the Canada Business Corporations Act, which relevantly requires that a corporation with three directors must have a least two directors who are not officers or employees of the corporation or its affiliates, Mr. Dato' Lim has agreed to assume the role of Non-Executive Chairman of the Company. The Board of the Company comprises the following: Dato' Lim Khong Soon - Non-Executive Chairman Mr. Chang Loong (Kenny) Lee - Executive Director and Mr. Jon Morda - Non-Executive Director.