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VANCOUVER, BC / ACCESSWIRE / February 17, 2021 / BeMetals Corp.
(TSXV:BMET)(OTCQB:BMTLF)(Frankfurt:1OI.F) (the "Company" or "BeMetals) is pleased to announce that it has signed an Amalgamation Agreement (the "Agreement")
to acquire privately owned Kronk Resources Inc. ("Kronk") and its wholly owned subsidiary Kazan Resources ("Kazan"), which holds the rights to a highly prospective portfolio of advanced and early stage gold exploration projects in Japan (the "Transaction").
See Figure 1 for project locations in Japan. In addition, BeMetals is pleased to announce a non-brokered private placement of $7.5 million (the "Offering") through the issuance of approximately 17.05 million shares of BeMetals at $0.44 per share to senior gold producer and new strategic investor, B2Gold Corp. (TSX: BTO, NYSE American: BTG, NSX: B2G) ("B2Gold"), subject to successful closing of the Transaction. B2Gold is an existing shareholder of Kronk, owning approximately 15.4 million shares of the company. Following the Transaction and Offering, B2Gold will hold approximately 19% of BeMetals' outstanding shares. All dollar figures are in Canadian dollars unless otherwise indicated.