KIBO MINING PLC - Appointment of XCAP as new joint Corporate Broker

Appointment of XCAP as new joint Corporate Broker

Kibo Mining Plc
(Incorporated in Ireland)
(Registration Number: 451931)
(External registration number: 2011/007371/10)
Share code on the JSE Limited: KBO
Share code on the AIM: KIBO
ISIN: IE00B61XQX41
(“Kibo” or “the Company”)


28 February 2013

Appointment of XCAP as new joint Corporate Broker

Kibo Mining plc (AIM: KIBO), (JSE: KBO), the Tanzania focused mineral exploration and
development company, is pleased to announce the appointment of XCAP Securities plc
(“XCAP”) as the Company’s new joint Corporate Broker, with immediate effect. XCAP will
not only fulfil the role as joint broker but will also act lead broker for as long as Kibo
maintains a joint broker status.

Louis Coetzee, Chief Executive Officer of the Company commented: “We are pleased to
engage with XCAP as our new lead Corporate Broker. We are particularly impressed with
XCAP’s insight and understanding of Kibo’s short, medium and longer term funding
requirements and we are looking forward to working with XCAP in this regard”


Louis Coetzee      +27 (0)83 2606126        Kibo Mining plc        Chief Executive Officer



Andreas Lianos     +27 (0)83 4408365        River Group            Corporate   Adviser     and
                                                                   Designated Adviser on JSE

Matthew Johnson     +44 (0) 207             Northland Capital Broker
                    9768800                 Partners Limited

Stuart Laing       +61 8 94802500           RFC Corporate Nominated Adviser on AIM
                                            Finance Limited

Matt Beale         +44 (0)7966 389196       Fortbridge             Public Relations



Updates on the Company’s            activities   are   regularly    posted   on   its   website
www.kibomining.com


General Background & Strategy
Kibo was established in early 2008 to explore and develop mineral deposits in Tanzania, East
Africa and was admitted to AIM on 27 April 2010 and AltX in South Africa on 30 May 2011.
The Board of Kibo is composed of professionals whose experience include mineral
exploration, mine development, mining finance, tax, law, mergers and acquisitions, and
financial control of public companies. It is supported by competent and motivated Tanzanian
staffs that operate from Kibo's operations office in Dar es Salaam.

The mineral assets of the Company now comprise five projects in Tanzania - Haneti (nickel,
PGE and gold), Morogoro (Gold), Lake Victoria (Gold), Rukwa (Coal) and Pinewood (Coal
& Uranium) which give Kibo access to 38,000 km2 of early stage exploration licences in
Tanzania's premier gold mining region, the Lake Victoria Goldfield, within the emerging
gold exploration regions in eastern Tanzania and uranium and coal regions in south-western
Tanzania.

The Rukwa and Pinewood projects will provide Kibo shareholders with exposure to an
attractive portfolio of strategic energy assets in Tanzania. Importantly, they are situated
within and close to the Mtwara Corridor, an area where the Tanzanian Government has
committed to significant infrastructure development and which has seen recent multi-million
dollar investment in coal and coal-fired power stations and uranium exploration.

The Rukwa project is substantially more advanced than Kibo’s existing exploration projects,
with a significant Mineral Resource of thermal coal already defined. This provides nearer
term development and commercialisation potential, complementing the earlier stage existing
projects held by Kibo. This is further supported by the memorandum of understanding that
has already been entered into with a major Asian conglomerate for the development of a coal
mine and mine-mouth coal-fired power plant based on the Rukwa project.

In addition, the Pinewood project encompasses a significant ground holding of prospective
Karoo sequence sedimentary rocks. These sediments are attracting considerable interest
from international companies exploring for uranium and coal mineralisation following some
notable discoveries in recent years.

Kibo's objective is to build shareholder value in a sustainable manner. This objective will be
pursued primarily through active exploration of its own projects and by using the Company's
experience in Tanzania to acquire attractive exploration and development assets on
competitive terms that can be moved swiftly up the value curve by using the Company’s own
skills base whilst also seeking to benefit from strategic collaborative relationships with
industry leaders who have special skills and competencies within their chosen fields of focus.
Kibo will undertake continual risk assessment of its projects and take whatever actions it
believes are necessary to ensure that these risks are mitigated.

Johannesburg
28 February 2013

Corporate and Designated Adviser
River group

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