BUFFALO COAL CORPORATION - Resignation of non-executive director and Chairperson

Resignation of non-executive director and Chairperson

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 “Buffalo” or “the Group” or "the Company" or “the Issuer”)

RESIGNATION OF NON-EXECUTIVE DIRECTOR AND CHAIRPERSON

August 24, 2022: Buffalo Coal advises that Mr. Craig Wiggill, Director and Chairperson of the board of
directors of Buffalo Coal (“the Board”), has elected to resign his positions on the Board pursuant to the
Change of Control clause in his contract, effective from August 23, 2022.

The Board wishes to thank Mr. Wiggill for his valuable contributions to the Company spanning close to a
decade and wish him every success in his future endeavours.

About Buffalo Coal

Buffalo is a coal producer in South Africa. It holds a majority interest in two operating mines through its
100% interest in Buffalo Coal Dundee Proprietary Limited, a South African company which has a 70%
interest in Zinoju Coal Proprietary Limited (“Zinoju”). Zinoju holds a 100% interest in the Magdalena
bituminous mine, the Aviemore East anthracite mine and the Balgray and North Adit anthracite projects
in South Africa. Buffalo Coal has an experienced coal-focused Board and Management team.
The Company has its primary listing on the TSX Venture Exchange and has a secondary listing on the
Alternative Exchange, operated by the JSE Limited.

FOR FURTHER INFORMATION PLEASE CONTACT:

Ms Emma Oosthuizen
Chief Executive Officer
Email: emma.oosthuizen@buffalocoal.co.za

Registered office:
Greytown Road
Industrial Area, Dundee
KwaZulu-Natal
3000

24 August 2022

Designated advisor:
Questco Corporate Advisory Proprietary Limited

Date: 24-08-2022 05:27:00
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