Good morning Ladies and Gentlemen, I would like to draw your attention to a recent article on Reuters regarding the sale of a 20% stake by Lepanto Consolidated Mining to Zijin Mining Group, China's second-largest gold miner, for $70m.

The Lepanto project is next door to Bezant Resources'  Mankayan Project in the historical mining belt of the Philippines. The Lepanto project has a resource of similar size to Bezant's resource of 1.9 billion pounds of copper and 2.9 million ounces of Gold, however while the Chinese have paid £35m for a 20% stake in Lepanto, the 100% market cap of Bezant resides at £35m.

Chinese companies are making these kind of acquisitions all around the world in order to secure commodities at favourable prices for their growing economy. The Philippines is seen as an excellent area for them to look for further acquisitions due to the close proximity of the Philippines to China and the recent opening up of the country to foreign ownership of resource assets.

Shares in Bezant Resources are currently trading up 4p, or 5% at 89p despite the general downward trend of the UK markets.

With Best Regards

Gary Middleton

St Swithins PR Ltd