KIBO MINING PLC - Kibo Mining raises 750,000 in Share Placing

Kibo Mining raises £750,000 in Share 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:IE00B61XQX41
 (“Kibo” or “the Company”)

 Dated: 31 March 2014

Kibo Mining raises £750,000 in Share Placing

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focussed
mineral exploration and development company is pleased to announce it has received commitments to
a share placing of 30,038,000 new ordinary shares of Eur. 0.015 in the capital of the
Company with clients of Kibo’s UK Broker, Hume Capital Securities Plc at a placing price
of 2.5p per share (the “Placing Shares”), to raise gross proceeds of £750,950 before
expenses (the “Placing”). The funds raised will primarily be used to initiate a Phase 2
drilling programme at its Imweru gold exploration property in Tanzania as well as for
general working capital purposes.

Application will be made for the Placing Shares to be admitted to trading on AIM and the JSE
AltX markets. Trading in the Placing Shares is expected to commence on AIM and the JSE on
or around 7 April 2014 (“Admission”). On Admission the Company will have 171,154,691
shares in issue.

 Louis Coetzee, CEO of the Company, commented today: “We are pleased that the latest placing
 allows Kibo to maintain the significant momentum we have generated on all our projects over the past
 8 months. We will now be able to continue advancing our Imweru Gold Project with a view to early
 commissioning of preliminary economic studies and assessment of the project.

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

 Oliver Morse          +61 8 94802500           RFC Ambrian        Nominated Adviser on AIM
                                                Limited

 Daniel Thöle          +44 (0) 207 8611606      Bell Pottinger     Investor and Media Relations
 Lydia Eades           +44 (0) 207 8613126

Kibo Mining - Notes to editors


Kibo Mining is listed on the AIM market in London and the AltX in Johannesburg. The
Company is focused on exploration and development of mineral projects in Tanzania, and
controls one of Tanzania’s largest mineral right portfolios. Tanzania provides a secure and
stable operating environment for the mineral resource industry and Kibo Mining therein.


Kibo Mining holds a thermal coal deposit at Rukwa, which has a significant JORC compliant
defined resource, and is developing a 250-350MW mouth-of-mine thermal power station with
an established management team that includes Standard Bank as Financial Advisor.


Kibo also holds the Haneti Licence on which the latest technical report confirms prospectivity
for nickel, PGMs, gold and strategic metals.


The Company also has extensive gold focused interests including Lake Victoria Goldfields and
Morogoro projects. At Lake Victoria, the Company has projects with a substantial existing
JORC compliant gold resource and is seeking to materially increase this resource through
exploration of known extensions to existing mineralisation.


Kibo Mining also holds the Pinewood (coal & uranium) projects.


The Company’s projects are located in the established and gold prolific Lake Victoria
Goldfields, the emerging goldfields of eastern Tanzania and the Mtwara Corridor in southern
Tanzania where the Government has prioritised infrastructural development attracting
significant recent investment in coal and uranium. The Company has a positive working
relationship with the Tanzanian government at local, regional and national levels and works
hard to maintain positive relationships with all communities where company interests are held.
The Company recognises the potential to enhance the quality of life and opportunity for
Tanzanian citizens through careful development of its projects.


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


Johannesburg
31 March 2014
Corporate and Designated Adviser
River Group

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