Besra Gold Inc. Addresses Statements Made by Quantum Metal Recovery Inc., Calls Them Misleading

Quantum and its nominees have not articulated any plan for advancing Besra's
objectives or furthering shareholder interests

Quantum's attempts to remove independent directors risk irrevocable destruction of
shareholder value

Besra's independent directors are evaluating all legal avenues to address Quantum's
misrepresentations and misconduct

Melbourne, Victoria--(Newsfile Corp. - June 12, 2025) - Besra Gold Inc. (ASX: BEZ) ("Besra" or the "Company") is compelled to respond to a news release issued on 6 June 2025 by Quantum Metal Recovery Inc ("Quantum"), a company founded and controlled by Dato' Lim Khong Soon ("Mr Lim"), one of Besra's current directors.

The other directors of Besra (the "Independent Directors") are concerned that Quantum has made material misrepresentations in its press release and elsewhere and therefore wish to set the record straight to ensure that the market is not misled by Quantum and shareholders have all relevant facts ahead of the special meeting of shareholders scheduled for 24 June 2025 (corresponding to 23 June 2025 in Canada) (the "Meeting").

Quantum's Personal Grievance

On 15 May 2025, Quantum commenced legal proceedings alleging, among other things, that Besra's board of directors (the "Board") (other than Mr Lim) conducted the affairs of the Company in a manner that was oppressive of Quantum's interests. At the heart of Quantum's grievances are its unfounded allegations that Besra has not met its obligations under the May 8, 2023, gold purchase agreement (the "GPA") between Quantum and Besra because the Bau Gold Project is not yet a producing mine.

Quantum's lawsuit against the Company alleges that that Mr Lim repeatedly raised concerns that the Bau Gold Project was not progressing as expected "because the Board lacked the necessary experience in the mining industry and the specialised skills to direct an endeavour on that scale." The lawsuit glosses over that within days of the GPA becoming effective, Mr Lim was appointed as Executive Chair of Besra and another nominee of Quantum, Mr Chang Loong Lee ("Mr Lee"), was appointed as a Non-Executive Director of Besra. From that time until Mr Lee's recent resignation on 20 May 2025, Quantum's nominees have represented at least 50% of the Board (at times as much as two-thirds of the Board). Mr Lim was additionally Chair of the Board until he resigned on 14 February 2025. At the time Quantum filed its lawsuit against the Company, Mr Lim and Mr Lee continued to represent 50% of Quantum's Board.

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WSkiska 12.02.25, 20:17