January 21, 2019

MRM Ruby Mine SAMREC Resource & Reserves Update

Gemfields is pleased to announce the publication of a Competent Persons Reports (“CPR”) produced by SRK Consulting (UK) Ltd (“SRK”) in respect of Montepuez Ruby Mining Limitada (“MRM”), which is 75% owned by Gemfields and 25% by local Mozambican partner Mwiriti Limitada. The CPR includes ‘Mineral Resource’ and ‘Mineral Reserve’ estimates (at 31 August 2018) in accordance with the 2016 edition of the South African Code for the reporting of exploration results, Mineral Resources and Mineral Reserves (the SAMREC Code or “SAMREC”).