FURA Gems Inc

Opportunity to Invest in a Rare and Exclusive

Mining Sector through a Gemstone Mining and

Marketing Company led by an Experienced

Management Team, with initial focus on Rubies

and Emeralds

Corporate Brief

January 2018

1

2

EXECUTIVE SUMMARY

The only listed company in the world focusing on mining and marketing of both rubies and emeralds with

rights to proven deposits of Rubies in Mozambique and Emeralds in Colombia, with a potential to

include diamonds in near future

A group company of Forbes and Manhattan Inc (“F&M”), the renowned Toronto based Resource-

focused Merchant Banking group with extensive experience in the natural resource and mining sector with

a solid track record of identifying high-quality mining assets and advancing them successfully to production

A highly experienced management team led by Dev Shetty, former Executive Director and Chief

Operating Officer of Gemfields, credited with building world’s largest Emerald (Zambia) and Ruby

(Mozambique) mines

INTRODUCTION TO FURA GEMS INC

OVERVIEW OF COLOURED GEMSTONE AND DIAMOND SECTOR

Stock Exchange TSX Venture

Exchange

Ticker FURA.V

Last traded price (C$/share) 0.65

Shares Outstanding (MM) 72.07

Current Market Cap (C$MM)

46.85

Warrants and Options (MM) 12.83

Fully Diluted Market Cap

(C$MM) 55.19

52 weeks high (C$/share) 0.70

52 Weeks low (C$/share) 0.13

Capital Raise to Date

(C$MM) 7.0

FURA Gems Inc is a Toronto and Dubai based Gemstone mining

and marketing company with a focus on exploring, developing and

bringing to production its rich Ruby and Emerald Assets in

Mozambique and Colombia respectively

FURA operates in a market with a significant supply gap with

Burmese Ruby resources depleting and a shortfall in supply of

Colombian Emeralds driven by a lack of investment by incumbent

players

FURA presents Low-Risk, Low-Cost and Higher Return

investment opportunity with a short payback period proposition

to Investors, by having an experienced management team with a

good understanding of mining, geology, distribution and marketing

Fura’s strategy to invest only in known geology / deposits mitigates

the risk of investing in early stage exploration

The Global Rough Gemstone market is worth an estimated ~$23BN annually and is

continuously growing in terms of demand even though supply is represented by only

a few incumbents

Diamonds - Sector led by De Beers who organized the sector via large scale

mining and consistent supply

Colour gemstones - Sector led by Gemfields with operating mines in Zambia

and Mozambique. Unlike Diamonds, the highly unorganized and fragmented

sector provides a huge opportunity.

As of 03 January 2018

3

WHY MOZAMBICAN RUBIES AND COLOMBIAN EMERALDS?

Mozambique – Ruby

Colombia – Emerald

Both Colombia and Mozambique provide an early stage entry to unlock the value of an unorganized and under capitalized sector

Political support and willingness for growth and promotion of gemstone sector in Colombia and Mozambique

Market Acceptability

Within 8 years of discovery, penetrated 50 %

of world’s ruby supply

Rich Market

Responsible for 50 % of world’s emerald value

supply

Political Stability

Government support to promote the sector

Mining laws attractive for foreign investors

One party rule since 1975

Government Support

Regional peace post green war

Government actively seeking foreign investment to

promote the sector

Low Mining Costs

Low stripping ratio for both secondary gravel and

primary amphibolite

High Quality

Perceived to be ‘high quality’ as Colombia being a

traditional source of high quality emeralds.

Infrastructure Support

Good roads leading to mining areas

Easy access to the airports

Electricity available

Under-utilised Sector with Scope to Add Value

Operating but undercapitalized mines with good geology

Old and ancient exploration and mining methods

OVERVIEW OF FURA STRATEGY

4

OVERVIEW OF FURA MINES AND ASSETS

COLOMBIA MOZAMBIQUE

Product Emerald Emerald Ruby

Licenses 122 – 95M (Coscuez Emerald Mine) ECH -121 4392L, 3868L, 3869L ,6811L

Asset Type Operating Mine Exploration Licence Exploration Licenses

Location Boyacá Department Boyacá Department Montepuez District, Cabo Delgado Province

Area 46 hectares 646 hectares 394.24 sq.km

Geology Primary Calcite Veins Primary Calcite Veins Primary and Secondary Mineralisation

Mining Method Underground Underground Open Pit

Ownership FURA: 76%, Local Partners: 24% FURA:100% FURA: 80%, Local Partners: 20%

Coscuez Emerald Mine

Mozambique Licenses

▪ The assets are

strategically located in

Cabo Delgado

province, Montepuez

districts, highly

prospective grounds for

Mozambique rubies

▪ The initial finding from

the artisanal pits shows

the occurrence of both

primary and secondary

mineralization

consisting of both

higher and lower quality rubies.

▪ Historically significant, having been in

operation for more than 400 years and

produced some of the renounced pieces like

1,759 carats Guinness Emeralds

▪ One of the top three producers of emeralds in

Colombia

▪ Currently being operated on a small-scale

basis

▪ Fura, as a short-term plan, to immediately

focus on improving the mine’s infrastructure,

developing safe and effective operations

▪ Long term, Fura plans gradual modernisation

of the mine go assure consistent supply and

set-up a marketing platform to promote

Colombian emeralds globally.

SRK estimated $1bnJORC resource

Source for Secondary Ruby

Source for Primary Ruby

5

FURA HAS A WELL EXPERIENCED MANAGEMENT TEAM

……AND ADVICE FROM F&M BOARD AND LEADERSHIP

FURA BOARD FURA CORE MANAGEMENT

Joe Carrabba – Chairman Over 40 years’ of international experience in the mining industry Former Chairman and President & CEO of Cliffs Natural

Resources Inc., Prior joining Cliffs, held various senior

operating positions with Rio Tinto Plc, including President

and COO of Diavik Diamond Mines.

Ashim Roy – Vice President, Operations Former General Manager for the Montepuez ruby mine in Mozambique and the Head of Geology and Exploration at the Kagem emerald mine in Zambia and was responsible for developing the greenfield ruby project, Montepuez ruby mine, which is believed to be one of the largest ruby deposits in the world.

Dev Shetty – President and CEO Former COO of Gemfields Plc where he played a significant role in the turnaround of the company and in developing Gemfields' mine and market strategy. Played a vital role in developing the world's largest producing emerald mine in Zambia and the Greenfield ruby project in Mozambique, which is believed to be the largest ruby deposit in the world. Also, responsible for initiating Gemfields' entry in to the Colombian and Ethiopian emerald. Previous experience in the fields of start-ups, M&As, business turnaround, project management, strategy and finance from senior roles with a private equity firm and a manufacturing company. Dev is a qualified charted accountant.

Rupak Sen – Vice President, Marketing & Sales Former Acting Global Marketing & Polished Sales Director of Gemfields. He was as also the Marketing & Polished Sales Director for Asia. Responsibility included advertising, PR, research, sponsorships, education & training and co-marketing Prior to Gemfields worked with De Beers and The Swatch group. Over 20 years’ experience in the jewellery and watch industry

Tarun Malkani – Business Advisor and Director (India) Formerly held senior management positions in a variety of functional areas with Rio Tinto, Alcan, Eastman Chemicals, Monsanto, Bayer and Exim Bank. A decade of experience in metals and mining and was the Chief Operating Officer for Rio Tinto's Bunder diamond project. Tarun is a chemical engineer with Master’s in Business Administration

Jamie Lalinde – Board Member More than 30 years of private and investment banking experience having worked for JPMorgan Chase and Citibank. Founder, investor, and manager of several natural resources companies in Colombia

Ryan Ptolemy - Chief Financial Officer

Experienced CFO for public and private mining sector companies listed on the TSX and TSX venture exchange within the Forbes and Manhattan group. Ryan is a Certified Public Accountant and Certified Financial Analyst charter holder.

Robert Schrader – Board Member

Former partner and project Director at La Esperanza Mining Company –Colombia, a geological prospecting company Also civil engineering experience in companies as Schrader Camargo Ingenieros S.A., IPCO Group (Singapore), Ferrostaal, Fishback and Moore

Damien Lopez - Legal Counsel Corporate securities lawyer and legal consultant to various Toronto Stock Exchange and TSX Venture Exchange listed companies within the Forbes and Manhattan group. Previously experienced with a reputed law firm on a variety of corporate and commercial transactions.

Larry King: American Icon Jim Rogers: Co-founder of Quantum Fund Stan Bharti: Founder of F&M

6

SINCE LAUNCH IN JANUARY 2017…….

Jan Dev’s appointment as President & CEO

Feb Fura Emeralds becomes Fura Gems

May C$3.05mn raised via fully subscribed

private placement

May Core management team appointed

Jun Dubai HQ set up

Jul C$4.00mn raised via fully subscribed

private placement

Sep Mozambique Ruby assets announced

Oct Drilling commenced in Mozambique

Oct Acquisition of Iconic Colombian Emerald

Mine, Coscuez

SUMMARY

With a compelling Low-Cost, High Value Proposition consisting of Rich Emerald and Ruby Assets,

there is an opportunity to participate in building of a world class Gemstone Mining and Marketing

company, led by an Experienced Management team with a solid track record, in geographies with Good

Infrastructure, Government & Community support