Fura Gems Inc (fka FURA.V)

[Sam Dan]

Another update another extension. Hope they complete something

"“Company”) (TSXV: FURA, OTC: FUGMF and FRA: BJ43), a new gemstone mining and marketing company with emerald and ruby assets in Colombia and Mozambique, respectively, is pleased to provide an update in respect of the option agreement that was entered into by the Company and Richland Resources Ltd. (“Richland”) on June 26, 2019, as amended on July 19, 2019 and October 31, 2019 (the “Amended Option Agreement”). To allow the parties to complete the remaining legal formalities in relation to the completion of the transactions contemplated in the Amended Option Agreement, Fura agreed with Richland to extend the longstop date from November 15, 2019 to November 30, 2019 (the “Longstop Date”).

The Amended Option Agreement contemplates the acquisition by Fura of 100% interests in two mining permits (EPM 25973 and EPM 25978) and three mining licences (ML 70419, ML 70447 and ML 70451) for a sapphire mining project in Queensland, Australia (the “Acquisition”). The Acquisition is described in more detail in the Company’s press releases dated June 27, 2019 and July 22, 2019.