The Directors of Bassari Resources Limited (Bassari or the Company) (ASX: BSR) are pleased to provide this further update on significant recent events.

Coris International Bank ('Coris') legal matter further postponed

Further to the Company's ASX Announcement dated 8 July 2021, the summary hearing scheduled to take place in Kedougou on 27 July 2021 in relation to Coris' attempt to execute the commissary pact and take possession of the Sambarabougou Exploitation Permit has been postponed to 10 August 2021.

Should a solution with Coris be found before this date the case will be removed from the Court list. The Company is continuing discussions with Coris, the Department of Mines and the Government of Senegal and potential financiers to work towards a repayment solution with Coris. Further updates will be provided in due course

About Bassari

Perth - based West African gold developer, Bassari Resources Limited (ASX:BSR), has a strategic portfolio of exploration and exploitation permits focused on the Birimian Gold Belt in Senegal. The permits cover an area of 312 km-2 with 60km of strike along the two adjoining permits. The permits are located within the Keneiba Inlier which is a +60M ounce gold region. Bassari's vision is to discover and delineate gold resources which can be developed into profitable operations.

Contact:

Tel: +61 417 885 279

Email: johntraicos17@gmail.com

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