KBO - Kibo Mining Plc - Kibo appoints RFC Ambrian as nominated adviser

KBO - Kibo Mining Plc - Kibo appoints RFC Ambrian as nominated adviser          
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: 11 May 2012                                                              
KIBO APPOINTS RFC AMBRIAN AS NOMINATED ADVISER (NOMAD)                          
Kibo Mining plc ("Kibo" or the "Company") (AIM: KIBO), (JSE: KBO), the          
Tanzania focused mineral exploration and development company, is pleased to     
announce the appointment of RFC Ambrian Limited ("RFC Ambrian") as the          
Company`s AIM market Nominated Adviser with immediate effect.                   
RFC Ambrian is a leading corporate and investment advisory group focused on     
the natural resource sector. Through its offices in both Australia and the      
UK, RFC Ambrian has a track record of successfully advising both major and      
junior resource sector clients in relation to capital raisings, corporate       
strategy, asset acquisitions and divestments, strategic partnerships,           
offtake, project finance, AIM and ASX listings, valuation matters and mergers   
and acquisitions.                                                               
Enquiries:                                                                      
Louis Coetzee  +27 (0)83 2606126   Kibo Mining plc      Chief Executive         
                                                       Officer                  
Stuart Laing   +61 8 9480 2506     RFC Ambrian Limited  Nominated Adviser       
Andreas Lianos +27 (0)83 4408365   River Group          Corporate Adviser and   
Designated Adviser       

                                                       (AltX)                   
Nick Bealer    +44 (0)207 7109612  Cornhill Capital Ltd Broker (Corporate       
                                                       Broking)                 
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 is a public company registered in Ireland (company number 451931). Its     
registered office is Kibo Mining plc, Suite 3, One Earlsfort Centre, Lower      
Hatch Street, Dublin 2, Ireland. 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 experienced professionals spanning mineral     
exploration, mine development, mining finance and financial control of public   
companies. It is supported by well trained and motivated Tanzanian staff that   
operates from Kibo`s exploration offices in Dares Salaam and Mwanza.            
The mineral assets of the Company comprise three existing and two newly         
acquired projects in Tanzania - Haneti (nickel, platinoid elements and gold),   
Morogoro (Gold) and Lake Victoria (Gold) which give Kibo access to over         
18,000 km2 of early stage exploration licences in Tanzania`s premier gold       
mining region, the Lake Victoria Goldfield and within the newly emerging gold   
exploration regions in eastern Tanzania.                                        
The Company has recently also acquired, subject to certain suspensive closing   
conditions and approvals, coal and uranium exploration projects as publicly     
announced on 2 April 2012 in accordance with its multi-commodity exploration    
strategy.                                                                       
Kibo`s objective is to enhance Shareholder value through acquisition,           
exploration and development of mineral assets in Tanzania. This objective       
will be pursued primarily through active exploration, particularly drilling     
on its current projects and by using the Company`s experience in Tanzania to    
acquire further quality mineral projects on competitive terms that can be       
quickly evaluated and taken to the next stage of development. Kibo will         
undertake continual risk assessment of its projects and take whatever actions   
it believes are necessary to ensure that these risks are mitigated.             
Pretoria                                                                        
Dated: 11 May 2012                                                              
Corporate and Designated Advisor                                                
River Group                                                                     
Date: 11/05/2012 13:00:01 Supplied by www.sharenet.co.za                     
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