15 March 2024

Bezant Resources Plc

                                                       ("Bezant" or the "Company")                           

Grant of Options and Directors / PDMRs Shareholdings

Bezant (AIM: BZT), the copper-gold exploration and development company, announces that, in aggregate, 447.5 million options over ordinary shares of 0.002 pence each in the capital of the Company ("Ordinary Shares") have been granted pursuant to the Executive Share Option Scheme approved at the Company's Annual General Meeting ("AGM") held on 22 June 2018 (the "Options"). Of the 447,500,000 Options, 170,000,000 have been awarded to directors of the Company, 125,000,000 to non-director PDMRs as detailed further below and the balance of 152,500,000, to other eligible participants.

Summary of the Options awarded:

Following the vesting of the above options the Company will have 727,500,000 options in issue and the directors and PDMRs will hold the following options over Ordinary Shares all of which expire 21 June 2028.

** Vest on Corporate Event

The grant of the Options to Messrs. Bird, Samtani, Slowey, Dr. Kirby and Michael Allardice's consulting company Quantum Capital and Consulting Limited is a related party transaction  pursuant to Rule 13 of the AIM Rules for Companies and the independent director, being Mr. Ronnie Siapno, having consulted with the Company's Nominated Adviser, Beaumont Cornish Limited, considers that taking into account the exercise prices which are at significant premium to the current share price and that the Options being issued to them are subject to vesting conditions as detailed above in the Summary of the Options awarded table, the issue of the Options to Messrs. Bird, Samtani, Slowey, Dr. Kirby and Michael Allardice's consulting company Quantum Capital and Consulting Limited to be fair and reasonable insofar as the Company's shareholders are concerned.

For further information, please contact:

or visit http://www.bezantresources.com

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK Domestic Law pursuant to the Market Abuse (Amendment) (EU Exit) regulations (SI 2019/310).

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

PDMR Notification Forms:

The notifications below are made in accordance with the requirements of MAR.