Shefa Gems announced that it has been granted by the Ministry of Energy, Natural Resources Administration, Israel - its second Prospecting Licence (#1010C1), for one of the company's primary exploration targets, the Bat Shlomo ('BTS') Project, taking it towards a 'Certificate of discovery' and potentially a mining licence. This Prospecting Licence allows the company to carry out a work programme comprising of a drilling plan, a conceptual mining plan and the Technical Economic Evaluation ("TEE") report which will provide the Company with the work and capital costs of bringing the 'BTS' project into production. The 'BTS' project is one of the company's primary exploration targets (Magmatic Body) in the Carmel area, and is spread over an area of 990 Dunams (99 Hectares). Following a prioritization report made by the company's geologists in relation to the magmatic bodies on Mount Carmel, and in accordance with the summary of data researched over the years in this area, it was decided in November 2020 to perform a Bulk Sample (BS-1260), which final results allowed the company to progress, relatively quickly, to the regulatory status of a Prospecting License for this project. In light of the exclusion of the 'BTS' project from the 'Carmel prospecting area' - the company also successfully renewed its Prospecting Permit(#837A14) for the remaining 312.5 Square kilometer in the Carmel for the purpose of further prospecting & research of the additional projects in the Carmel area. In addition to the above Prospecting Licence and Prospecting Permit, Shefa Gems currently holds, one Exploration Permit (#869B13) covering an area of 173.3 Square kilometer for the area of the Kishon, some areas in the Carmel and surrounding valleys, And one 'Certificate of Discovery' for the 'Kishon Mid-Reach' project. 'BTS' Bulk Sampling results: The results of bulk sample BS-1260, yielded 72 tons of mineralized Magmatic rock, recovered a total of 21,430.33 carats (cts), represented by Garnet (dominant mineral at 86.3%), Spinel (11.3%), Ilmenite (2.44%) and trace percentages (0.02%) of Sapphire. The overall grade is 297.64 carats per ton (cpt) at a bottom screen size of +1 mm. The large gemstone recovered from BS-1260 was a Garnet of 54.13cts. The size range recovered from BS-1260 is: 60% in the extra fines range (0.01 to 0.65 carats), 13% in the fines (0.66 to 1.19 carats), 12% lie in the mids (1.2 to 2.49 carats), and 16% lie in the coarse (2.5 cts and above).