Mankayan Project Update

Bezant (AIM: BZT), the copper-gold exploration and development company, announced on 6 February 2025 that ASX listed Blackstone Minerals Ltd ("Blackstone") had announced a proposed merger (the "Proposed IDM Merger") with IDM International Limited ("IDM") through which the Company holds its interest in the Mankayan Copper Gold project in the Philippines ("Mankayan Project"). Blackstone have on 3 April 2025 released an announcement that it has "received assay results from drillhole BRC-60, drilled in 2013 by Goldfields Limited . This previously unreleased drillhole is the deepest completed to date at the world-class Mankayan Copper-Gold Porphyry project. The project is strategically located 2.5km along strike of the Lepanto gold mine and Far Southeast project in the Philippines. The project is currently the subject of a merger between Blackstone and IDM International (_"IDM_")."_ _

Please follow the link to Blackstone's announcement titled "Blackstone Unlocks High Grade Copper-Gold at Mankayan " as published on ASX: https://announcements.asx.com.au/asxpdf/20250403/pdf/06hbcm7tb06r31.pdf

If the Proposed IDM Merger is completed Bezant will receive 148,985,657 Blackstone shares and 2,543,750 options to acquire Blackstone shares at AUD0.06 expiring on 5 February 2029 for its IDM shares and IDM options.