26 April 2016

BUREY GOLD LIMITED

Level 2, Suite 9

389 Oxford Street Mt Hawthorn WA 6016

Australia

P. +61 8 9381 2299

F. +61 8 9380 6761

A.B.N. 14 113 517 203

Final Diamond Drilling Results and Future Planning on Burey's Underexplored Giro Project, in the World Class Moto Belt, DRC

Highlights:

• High grade results include; 21.0m at 6.06g/t Au from surface, 23.5m at 3.07g/t Au from

  0.5m

• GRD0005: multiple mineralised zones from surface to end of hole at 360m including 36.71m at 1.40g/t Au from 226.39m

• Significant mineralisation confirmed over a strike length of at least 1,500m and to depths exceeding 150m, open at depth and in all directions at Kebigada

• Three significant areas of gold anomalism identified within the 30km prospective corridor

• Follow up shallow RC drilling planned at Mangote and Douze Match anomalies

• Artisanal workings consistently showing grade and direction for regional exploration programme which is ongoing

Burey Gold Limited (Burey) (ASX: BYR) is pleased to announce that all results from the recently completed Diamond drilling programme on its Giro Gold Project in the Moto Greenstone Belt, NE Democratic Republic of Congo ("DRC") have been reported. Significant mineralisation which is open in all directions was confirmed at depths exceeding 150m below surface at the Kebigada Shear Zone. At the Giro Vein mineralisation was as expected, high grade but narrow widths. At Mangote drilling confirmed a high grade core with a mineralised halo of approximately 8 metres as opposed to narrow high grade zones of

Burey Chairman Klaus Eckhof said. "These results, the last of the current Diamond drilling programme, from the Giro Gold Project, and the exploration north across the Kebigada Shear Zone and into the greater belt, reinforce the view that Burey controls a gold mineralised region that contains multiple targets, surface bearing gold ore zones that stretch beyond 150m depth and economic grades. Almost every hole we have drilled has resulted in gold mineralisation and the artisanal workings are assisting

us as sampling indicators along the belt which stretches 30km. We believe we have a major gold project on our hands and we are very excited to be exploring in the right place at the right time."

Kebigada Shear Zone Target

Gold mineralisation related to the Kebigada Shear Zone is interpreted to have two distinct orientations, namely a strong NNW orientation as observed in the IP gradient array survey and a W-E to EWE orientation interpreted from measurements of pyrite and chalcopyrite laminae in the core and associated gold grade. All high-grade intersections are associated with the W-E structural orientation. Most of the holes drilled to date were drilled towards the NE, oblique to the high grade W-E orientation, and on relatively broadly spaced 200 to 300m spaced drill sections which may have missed multiple additional zones of high grade mineralisation. Infill RC drilling is being planned to tighten the drill spacing to shallow depths in order to ascertain the true average grade of the 1,500m long Kebigada Shear Zone and to better define the extents of individual high grade lodes which can be tested at greater depths with further Diamond drilling.

The last outstanding hole, GRDD005, is the deepest hole drilled to date on the project and is mineralised nearly to the bottom, reporting grades similar to the RC holes at surface down to depths exceeding 250 vertical metres. The entire hole reported anomalous mineralisation illustrating the potential at depth for economic grade mineralisation, with intersections above 0.5g/t Au summarised in Table 1 and Figures 1 and 2, with a best intercept of 68.79m at 1.08g/t Au from 218.8m including 36.71m at 1.40g/t Au from 226.39m. The 30m at 2.9g/t Au intersection in GRRC068 is likely associated with a WE structure not intersected in GRDD005 due to the oblique orientation of drilling. Both GRDD005 and GRDD003 clearly show that gold mineralisation is open to the north and at depth and that infill drilling to target the high grade WE structures has good potential to improve the overall grade of the Kebigada target.

Significant intercepts from the 5 Diamond holes drilled at Kebigada included:

• GRDD001 23.5m at 3.07g/t Au from 0.5m, including 13.6m at 4.73g/t Au from

  4.4m

• GRDD002 38.1m at 2.53g/t Au from 191m including 30.6m at 3.00g/t Au from

  198.5m

• GRDD004 21.0m at 6.06g/t Au from 0m

  69.6m at 1.67g/t Au including 39m at 2.3g/t Au from 94.9m

• GRDD005 68.79m at 1.08g/t Au from 218.8m including 36.71m at 1.40g/t Au

from 226.39m

Figure 1. Section along Line 5, showing RC drilling and Diamond drill coverage and results

Figure 2: Drill hole location map showing extent of the soil anomalies, extent of mineralisation, better results at Kebigada and Giro Vein Prospects and Belgian workings

Giro Vein Target

Diamond and RC results at the Giro Vein target confirmed the presence of a narrow (0.7m at 37.50g/t Au from 103.5m. The core half which did not go into the sample for assay showed appreciable visible gold shown in Figure 3 and might have assayed considerably higher than the reported intercept.

Results are shown in Figure 2 and summarised in Table 1.

Figure 3. Free gold within a quartz stringer in GRDD007 at the Giro Vein workings.