Bezant Res Regulatory News (BZT)

1 March 2018

Bezant Resources Plc

("Bezant" or the "Company")

Result of General Meeting and

Appointment of Executive Chairman

Bezant (AIM: BZT), the AIM quoted mineral exploration and development company, announces that the resolutions proposed at the General Meeting ("GM") held earlier today, as set out in the notice dated 12 February 2018, were all duly approved by shareholders.

The purpose of the GM was to seek shareholder approval for the issue of the Tranche Two Shares and Warrants in respect of the recent equity fundraising, as set out and defined in the Company's announcement of 5 February 2018, and to update the relevant Board authorities to allot the Company's shares.

Accordingly, application has been made for the 88,888,889 Tranche Two Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and that dealings in the Tranche Two Shares will commence at 8.00 a.m. on 2 March 2018.

Following the issue of the abovementioned Tranche Two Shares, the Company's total issued share capital will consist of 745,606,371 ordinary shares with voting rights. The Company does not hold any ordinary shares in treasury and accordingly there are no voting rights in respect of any treasury shares. The Tranche Two Shares will be fully paid and will rank pari passu in all respects with the Company's existing ordinary shares.

On Admission of the Tranche Two Shares, the above figure of 745,606,371 ordinary shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Bezant under the Financial Conduct Authority's Disclosure and Transparency Rules.

Board Changes

With effect from Admission and further to the Company's announcement of 5 February 2018, Mr Colin Bird will be appointed to the Board of the Company as Executive Chairman and Mr Edward Nealon will step down from the role of Chairman and as a non-executive director to the Board. Mr Bird intends to work closely with Mr Laurence Read, Chief Executive Officer, towards realising value from the Company's current asset portfolio commencing with a full geological and corporate review of operations. The Board would like to thank Mr Nealon for his considerable contribution and support over the years as Bezant has progressed into a proven operator with highly prospective platinum, copper and gold assets.

For further information, please contact:

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014.

Additional Information on the Appointment of the Executive Chairman

The following additional information is provided in accordance with paragraph (g) of Schedule Two of the AIM Rules for Companies in relation to the appointment of Mr Bird:

Colin Bird (aged 74)

With effect from Admission and completion of the equity fundraising, Mr Bird will be interested in 11,111,111 ordinary shares in the capital of the Company, representing approximately 1.49 per cent. of the Company's issued ordinary share capital as enlarged by the Tranche Two Shares, together with 5,555,555 warrants with each warrant giving the right to subscribe for a new ordinary share at a price of one pence per share for a period of 30 months from the date of issue.

There is no other information that is required to be disclosed pursuant to paragraph (g) of Schedule Two to the AIM Rules for Companies.

Unless the context otherwise requires, defined terms used in this announcement shall have the meanings given to them in the circular to shareholders of the Company dated 12 February 2018.