Bessor Renegotiates Redhill Option Payments

TSXV: BST

www.bessorminerals.com

Bessor Renegotiates Redhill Option Payments

August 7, 2019 - Bessor Minerals Inc. (TSXV:BST) (“Bessor” ) is pleased to announce that it and

Homegold Resources Inc. have agreed to modify certain ter ms of the Redhill project Option Agreement.

The original Agreement required a $40,000 cash option paymen t in 2019 and 2020. In the modified

Agreement, the 2019 option payment will comprise $7,500 cash an d 300,000 shares while the 2020

option payment will comprise $12,500 cash, 500,000 shares and a f urther exploration expenditure of

$100,000 or the option is terminated. As well, the final o ption payment due on the tenth anniversary has

been increased by $20,000 to $255,000. The amendments are subject to TSX Venture Exchange approval.

BESSOR MINERALS INC.

Kieran Downes, Ph.D., P.Geo.

President, CEO & Director

For further information, contact:

Investor Relations

Tel: 250-729-0453

Email: [email protected]

Website: www.bessorminerals.com

Neither the TSX Venture Exchange nor its Regulation Servic es Provider (as that term is defined in the policies o f the TSX

Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.