KIBO MINING PLC - Proceeds of Placing

Proceeds of Placing

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: IE00B97C0C31
("Kibo" or "the Company")

Dated: 17 March  2015

Proceeds of Placing

Kibo Mining Plc ("Kibo" or the "Company") (AIM:KIBO; JSE AltX: KBO), the Tanzania focused 
mineral exploration and development company, notes the announcement made by its UK broker, 
Hume Capital Securities plc ("Hume Capital"), on 11 March 2015, of its intention to appoint an 
administrator under the Investment Bank Special Administration Regulations 2011 ("SAR"). The 
SAR regime will dictate the timing and manner in which client assets will be dealt with, although 
one of the objectives of the SAR is the return of client assets as soon as reasonably practicable. 
According to this announcement, Hume Capital or its administrators are not able to release client 
money it holds without first obtaining the consent of the Financial Conduct Authority.

Kibo announced a share placing of £950,000 through Hume Capital on 2 March 2015 ("Placing"). 
To date, the Company has received £219,500 of the gross proceeds of the Placing. Hume Capital 
has confirmed that the balance of £730,500 payable to Kibo remains in Hume Capital's client 
money account. Hume Capital has been unable to provide a timeline for the expected release of 
the outstanding placing proceeds to Kibo.

The Company's current cash balance is however sufficient to fund its ongoing activities for the 
short to medium term. The Directors will provide a further update once more information as to the 
timing for the release of the Placing proceeds from Hume Capital has been made available.

Contacts

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

Jon Belliss
Abigail Wayne
+44 (0) 20 3693 1470
Hume Capital 
Securities Plc
Broker

Oliver Morse
+61 8 9480 2500
RFC Ambrian 
Limited
Nominated Adviser on AIM

Daniel Thšle
Lucinda Alderson
+44 (0) 203 772 2500
Bell Pottinger
Investor and Media Relations

Johannesburg
17 March 2015
Corporate and Designated Adviser
River Group



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