BUREY GOLD LIMITED

ABN 14113517203

(To be Renamed Amani Gold Limited)

ANNUAL FINANCIAL REPORT 2016

Burey Gold Limited Corporate Directory

Directors	Klaus Eckhof Mark Calderwood Susmit Shah Kevin Thomson
Company Secretary	Susmit Shah
Registered and Administrative	Level 2, Suite 9
Office	389 Oxford Street
Mt Hawthorn Western Australia 6016
PO Box 281 Mt Hawthorn Western Australia 6915
Telephone:	(61 8) 9381 2299
Facsimile:	(61 8) 9380 6761
Auditors	BDO Audit (WA) Pty Ltd
38 Station Street
Subiaco Western Australia 6008
Share Registry	Advanced Share Registry Limited
110 Stirling Highway
Nedlands Western Australia 6009
Telephone:	(61 8) 9389 8033
Facsimile:	(61 8) 9262 3723
Website: www.bureygold.com

Securities trade on the Australian Securities Exchange - BYR

Burey Gold Limited Contents

For the year ended 30 June 2016

Chairman's Message 3

Review of Operations 5

Directors' Report 13

Auditor's Independence Declaration 25

Consolidated Statement of Comprehensive Income 26

Consolidated Statement of Financial Position 27

Consolidated Statement of Changes in Equity 28

Consolidated Statement of Cash Flows 30

Notes to the Consolidated Financial Statements 31

Directors' Declaration 60

Independent Audit Report 61

Additional Shareholder Information 63

Burey Gold Limited Chairman's Message

For the year ended 30 June 2016

Dear Fellow Shareholder,

Welcome to Burey Gold Limited's 2016 Annual Report.

Exploration at our Giro Gold Project in the Democratic Republic of Congo (DRC) in central Africa has kept the Company very busy throughout the year, and it has returned some excellent results, demonstrating its potential to be the next big gold discovery within the renowned Kilo-Moto belt. Kilo-Moto hosts a number of large gold deposits, including Randgold Resources' group of Kibali deposits which to date contain Ore Reserves of 11 million ounces of gold and which produced nearly 650,000 ounces of gold in 2015. This is located approximately 30km from the Giro Project. Results from Giro over the past year have been very encouraging, bearing many similarities to the early exploration at Kibali in which I was involved.

Results from our exploration at Douze Match towards the end of the financial year were particularly noteworthy. The Douze Match anomaly extends over 6km by 2.5km, and soil sampling results from the area warranted further attention, leading to a detailed mapping and sampling programme and then an RC scout drill programme across 1km of the anomaly. Early results from the programme were encouraging, with visible coarse gold panned over a 5m interval and in one of the drill holes.

Results from the first 10 holes returned exceptional grades, which included:

• DM-RC003: 2m at 196g/t Au from 12m and 15m at 255.6g/t Au from 15m including 3m at 1,260g/t Au

  from 15m and 3m at 14.3g/t Au from 21m;

• DM-RC004: 12m at 21.2g/t Au from 3m; and

• DM-RC005: 33m at 6.1g/t Au from surface including 3m at 34.7g/t Au in laterite.

  Finding such high-grade gold this early at Douze Match is highly encouraging and highlights the potential for new discovery on the Giro Project which has similar style of mineralisation and lithologies as those observed in my previous exploration in the Kilo-Moto Belt.

  Further high-grade mineralisation from the campaign was reported at the end of July 2016, with three target areas identified, and results that included:

• 9m at 52.6g/t Au from 6m, including 3m at 156g/t Au from 6m

• 13m at 8.4g/t Au from 36m, including 6m at 17.6g/t Au from 42m.

  The extensive 97-hole campaign was completed and the final batch of results reported in August 2016. Highlights of these results included:

• 18m at 3.0g/t Au from 24m including 3m at 9.5g/t Au from 27m

• 21m at 2.0g/t Au from 9m, including 9m at 3.7g/t Au from 15m.

While Douze Match is showing plenty of early promise, there is potential for more discoveries across the Giro project as our exploration to date has indicated mineralisation at prospects including Mangote, Peteku, Giro, Douze Match, Adoku and the Kebigada Shear - potential is prevalent right across the 30km target zone.

To enable Burey to accelerate our exploration, post year-end we completed a book build to raise approximately A$11.6 million. Cornerstone participation came from two leading international resource funds, and it was significantly oversubscribed, showing the increased interest in our Company.

With these funds, Burey has commenced a 22,200m drilling programme aimed at uncovering the potential that we have been glimpsing so far at Giro and Douze Match and to plan for the longer-term future of the Company. Significantly this campaign will include drilling for a maiden resource estimate for Giro.