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Buffalo Coal Corp - Renewal Of Cautionary Announcement

Release Date: 15/07/2016 17:29:00      Code(s): BUC     
Buffalo Coal Corp.
(Registration number: 001891261)
(External company registration number: 2011/011661/10)
Share code on the TSX Venture Exchange: BUF
Share code on the JSE Limited: BUC
ISIN: CA1194421014
(?Buffalo Coal? or ?the Company?)

RENEWAL OF CAUTIONARY ANNOUNCEMENT

Buffalo announced that further to the cautionary announcement dated 2 June 2016, Resource
Capital Fund V L.P.?s review of its strategic options in respect of its investment in the Company is
ongoing.

Accordingly, shareholders of the Company are advised to continue to exercise caution when dealing
in the Company?s securities until a further announcement is made.

About Buffalo

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

Cautionary Notes:

This press release contains ?forward-looking information? within the meaning of applicable
Canadian securities legislation. Forward-looking information includes, but is not limited to, the
outcome of the strategic review process being undertaken by RCF. Generally, forward-looking
information can be identified by the use of forward-looking terminology such as ?plans?, ?expects?
or ?does not expect?, ?is expected?, ?budget?, ?scheduled?, ?estimates?, ?forecasts?, ?intends?,
?anticipates? or ?does not anticipate?, or ?believes?, or variations 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?. Forward-looking information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of activity, performance or achievements
of Buffalo to be materially different from those expressed or implied by such forward-looking
information, including but not limited to: general business, economic, competitive, foreign
operations, political and social uncertainties; a history of operating losses; delay or failure to receive
board or regulatory approvals; timing and availability of external financing on acceptable terms; not
realizing on the potential benefits of any proposed transaction; conclusions of economic evaluations;
changes in project parameters as plans continue to be refined; future prices of mineral products;
failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and
other risks of the mining industry; and, delays in obtaining governmental approvals or required
financing or in the completion of activities. Although Buffalo has attempted to identify important
factors that could cause actual results to differ materially from those contained in forward-looking
information, there may be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such information will prove to be accurate, as actual
results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking information. Buffalo does
not undertake to update any forward-looking information, except in accordance with applicable
securities laws.

Neither the Toronto Venture Exchange, nor its regulation services provider (as that term is defined in
the policies of the exchange), accepts responsibility for the adequacy or accuracy of this release.

FOR FURTHER INFORMATION PLEASE CONTACT:

Malcolm Campbell                                        Sarah Williams
Chief Executive Officer                                 Chief Financial Officer
Email: malcolm.campbell@buffalocoal.co.za               Email : sarah.williams@buffalocoal.co.za

15 July 2016
Designated Advisor: Questco (Pty) Ltd

Date: 15/07/2016 05:29:00 Supplied by www.sharenet.co.za                     
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