Shefa Gems Regulatory News (SEFA)

B"H

28 February 2018

Shefa Yamim (A.T.M.) Ltd

("Shefa Yamim" or the "Company")

Kishon Mid-Reach Project Operational Update

Shefa Yamim (LSE: SEFA), a precious stones exploration company in Northern Israel, today announces an operational update with respect to improvements made at its operational site in Akko, Israel.

The Company is on track to increase processing capacity from 30 tonnes per day to 50 tonnes per day following a number of successful upgrades at its site in Akko. Three new pumps to maximise the volume of water entering the machine and two new plants to dry the material have been ordered and will be placed in the scrubber. The scrubber will reduce the time it takes to wash the material gathered from the bulk sample significantly and will increase productivity.

In addition, a new upgraded jigging system which can separate fractions of gravel at 8-25 mm is in place. Shefa Yamim now has two lines of jigging at its operational site, one for fractions 8-25mm and one for fractions 0-8mm.

These jigging lines can operate simultaneously and sift the bulk sampling automatically to produce concentrate with more specific dimensions. As a result, the pickers, when presented with the jigged material, can search the fraction for gemstones visually rather than manually. This upgrade will save both time and costs for the Company, while also increasing efficiency.

Avi Taub, CEO of Shefa Yamim, said: "Shefa Yamim used the proceeds of the funds raised at the IPO to implement significant upgrades across all its operations. The changes have allowed us to automate some of the functions we were previously doing manually, making us more efficient and ensuring that we advance the Kishon Mid-Reach project in a timely fashion. We look forward to updating the market in due course."

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