An anonymous director reports

ESSA PHARMA AND BLOOM BURTON ANNOUNCE ADDITIONAL RELEASE OF SHARES FROM VOLUNTARY LOCK-UP AGREEMENT

Essa Pharma Inc. and Bloom Burton & Co. Ltd. have released from voluntary contractual lock-up 2,353,130 common shares of the company, representing 15 per cent of the common shares originally subject to the lock-up. Of the common shares released from the lock-up, 763,875 shares will be free trading immediately upon release from the lock-up while the remainder will be subject to other lock-up or escrow restrictions.

The lock-up was a condition precedent to an earlier financing, and it required that all common shares outstanding prior to that financing be subject to a lock-up that would involve common share releases in 20-per-cent increments on the nine-month, 12-month, 15-month, 18-month and 21-month anniversaries of the date of listing of the common shares on the TSX Venture Exchange, which occurred on Jan. 27, 2015. The lock-up agreements contained provisions allowing accelerated release of the lock-up upon approval by Essa and Bloom Burton, which was the placement agent for that financing.

Of the common shares released from the lock-up, 1,589,255 will be restricted from trading due to escrow restrictions imposed by the TSX-V. The TSX-V escrow provides for 10 per cent of the common shares subject to TSX-V escrow to be released on the listing date, with the remaining common shares subject to TSX-V escrow to be released in 15-per-cent increments every six months following the listing date. Of the 1,590,255 common shares subject to the TSX-V escrow, 1,420,500 common shares are held by shareholders that have entered into an additional lock-up agreement with Essa and Bloom Burton to refrain from selling any common shares until six months following the listing date, and to refrain from selling all but 14 per cent of their common shares until nine months following the listing date. Following that date, such shareholders will continue to be restricted from selling common shares by the TSX-V escrow.

We seek Safe Harbor.