TORONTO, Oct. 24, 2020 (GLOBE NEWSWIRE) — Fura Gems Inc. (“Fura” or the “Company”) (TSXV: FURA, OTC: FUGMF and FRA: BJ43) is
pleased to provide an update on its previously announced going private transaction (the “Transaction”). The parties are working diligently to complete the remaining legal
formalities in relation to the Transaction, which is now expected to close on or about October