KIBO MINING PLC - RETIREMENT OF DIRECTOR

RETIREMENT OF DIRECTOR

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”)

25 January 2013



RETIREMENT OF DIRECTOR



Kibo Mining plc advises that Mr Des Burke will retire as a Director of the Company on the 31st January 2013. Mr
Burke has informed the Company that his decision coincides with his retirement plans from the mining industry in
order to pursue other interests.



Christian Schaffalitzky, Chairman of Kibo commented: "We are grateful for the significant contribution which Des
has made to the Company over the last six years. He has been a positive force in ensuring the ongoing development
of the Company and we wish him the best for his retirement".


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

Nick Bealer            +44 (0)207 7109612           Cornhill Capital Ltd                       Joint Broker



Tim                      +44 (0) 207                Northland Capital                          Joint Broker
Metcalfe/Matthew         9768800                    Partners Limited
Johnson

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
25 January 2013

Corporate and Designated Advisor
River Group

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