Ann: Exploration Update, page-2

Ha! You bloody ripper! 207g/t at Tabocal prospect! No drilling results though.

GOLD EXTRACTION TEST FROM TABOCAL (TRÊS ESTADOS) BULK SAMPLE RECOVERS 206.9 g/t

EXPLORATION LICENCES GRANTED AT EMA AND TRÊS ESTADOS

Highlights:
• Pyrometallurgical tests conducted on a bulk surface outcrop sample from the Tabocal prospect using a variety of flux components yield a maximum value of 206.9 g/t gold, without a pre-leach step
• IPAAM grants exploration environmental licences for 2 years at Ema and Três Estados
• Pilot plant test work commences at Marcelo da Silva Pinto M.E. facility

Brazilian gold explorer, BBX Minerals (ASX: BBX or “the Company”) is pleased to announce results of preliminary metallurgical testing from the Company’s Tabocal prospect, approximately 2.7km east of the previously sampled areas at the Três Estados Project.

The Company has conducted further metallurgical testwork at the Marcelo da Silva Pinto M.E. facility (Marcelo), using a similar process to that reported on January 9, 2018 for Ema and Três Estados bulk samples, but without a pre-leach step and varying the flux mix in the initial fusion. Four tests were conducted on 5kg sub-samples using different combinations of flux components on a homogenised 150kg bulk sample taken from fresh (unweathered) outcropping dolerite (previously classified as **bro), displaying intense hydrothermal alteration (amphibolitization, chloritization and saussuritization) at the Tabocal prospect (see figs. 2,3,4 and Appendix 1,2). Approximately 150kg of rock samples was collected from a single outcrop over an area of approximately 3 metres by 3 metres (see Appendix 1).