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BUFFALO COAL CORP - Update on Toronto Stock Exchange listing

Release Date: 10/09/2015 15:30:00      Code(s): BUC     
Buffalo Coal Corp.
(previously Forbes & Manhattan Coal Corp.)
(Registration number: 002116278)
(External company registration number: 2011/011661/10)
Share code on the Toronto Stock Exchange: BUF
Share code on the JSE Limited: BUC
ISIN: CA1194421014
(?Buffalo Coal? or ?the Corporation?)


Buffalo today announced that, further to its press release dated May 22, 2015, it has applied to
voluntarily delist its common shares (the ?Common Shares?) from the Toronto Stock Exchange (?TSX?)
and expects to submit an application for the listing and posting of the Common Shares on the TSX
Venture Exchange (the ?TSXV?).

The Corporation believes that listing the Common Shares on the TSXV will provide greater operational
efficiency and lower costs. Buffalo Coal has not yet received formal listing approval from the TSXV;
however, the Corporation is currently finalizing its listing application and expects that the transition
between the TSX and TSXV will be completed in an efficient manner.

It is expected that the Common Shares will be delisted and therefore no longer traded on the TSX after
the close of trading on or about November 6, 2015. The Common Shares will continue to be listed and
posted for trading on the Johannesburg Stock Exchange (?JSE?). Buffalo Coal will however make an
application to the JSE to transfer its listing from the Main Board of the JSE to the Alternative Exchange in
order to maintain its JSE listing as a secondary listing.

About Buffalo Coal

Buffalo Coal is a coal producer in southern Africa. It holds a majority interest in two operating mines
through its 100% interest in Buffalo Coal Dundee (Pty) Ltd, a South African company which has a 70%
interest in Zinoju Coal (Pty) Ltd (?Zinoju?). Zinoju holds a 100% interest in the Magdalena bituminous
mine and the Aviemore anthracite mine in South Africa. Buffalo Coal has an experienced coal?focused
management team.

Except for statements of historical fact contained herein, information in this press release may constitute
?forward-looking information? within the meaning of Canadian securities laws, including the anticipated
date for the delisting of the Common Shares on the TSX, the proposed listing of the Common Shares on
the TSXV and the transfer of the Corporation?s listing to the Alternative Exchange.

Other than statements of historical fact, all statements that involve various known and unknown risks,
uncertainties and other factors are ?forward-looking statements?. Often, but not always, forward-
looking information can be identified by the use of words such as ?plans?, ?expects?, ?intends? or
variation of such words and phrases or state that certain actions, events or results ?may?, ?could?,
?would?, ?might? or ?will? be taken, occur or be achieved.

The forward-looking information in this press release is based on a number of material factors and
assumptions, including the receipt of approval of the Corporation?s listing applications. Forward-looking
information involves known and unknown risks, future events, conditions, uncertainties and other factors
which may cause the actual results, performance or achievements to be materially different from any
future results, prediction, projection, forecast, performance or achievements expressed or implied by the
forward-looking information. Such factors include, among others, the delays in obtaining regulatory
approval as well as those factors disclosed in the Corporation?s publicly filed documents. Although the
Corporation has attempted to identify important factors that could cause actual actions, events or
results to differ materially from those described in forward-looking information, there may be other
factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be
no assurance that such statements will prove accurate. Results and future events could differ materially
from those anticipated in such statements. Readers of this press release are cautioned not to place
undue reliance on these ?forward-looking statements?. Except as otherwise required by applicable
securities statutes or regulation, Buffalo Coal expressly disclaims any intention or obligation to update
publicly any forward-looking information, whether as a result of new information, future events or

For more information, contact:

Craig Wiggill                                         Malcolm Campbell
Chairman                                              Chief Executive Officer
+44 7764 642 100                                      +27 82 924 4444
Email: craig@wiggill.co.uk                            Email: malcolm.campbell@buffalocoal.co.za

The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.

10 September 2015

Questco Proprietary Limited

Date: 10/09/2015 03:30:00 Supplied by www.sharenet.co.za                     
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