Fura Gems Inc. ('Fura' or the 'Company') announced that it has drawn down an additional $4.1 million from its loan facility previously announced on March 10, 2020 (the 'ThirdAdvance'). As of the date of this release, no further amounts remain available for drawdown by the Company under the terms of the grid promissory note (the 'Note') issued to the lender in the maximum aggregate principal amount of $28.6 million. The funds advanced under the Note are initially unsecured, will bear interest at a rate of 10% per annum and have a maturity date of August 31, 2021. The principal amount of the loan as well as accrued interest will be payable on the maturity date. The proceeds of the Third Advance are expected to be used by Fura for the advancement of its Coscuez emerald project in Colombia, its ruby projects in Mozambique and its sapphire projects in Australia and general corporate purposes.