KIBO MINING PLC - Annual Report, AGM Date and Director Resignations

Annual Report, AGM Date and Director Resignations

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: 8 July 2013




                 Annual Report, AGM Date and Director Resignations




Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO), (JSE: KBO), the Tanzania
focused mineral exploration and development company, is pleased to announce that its AGM
will be held in the Conrad Hotel, Earlsfort Terrace, St Stephen’s Green, Dublin 2 on
Wednesday 31 July 2013 at 2 p.m. A notice of AGM was included on the Annual Report
which has been posted to shareholders and is now also available on the Company’s website.


Kibo also announces that Mr. Cecil Bond and Mr. Bernard Poznanski have informed the
Company that they will not be offering themselves for re-election to the Board at the
forthcoming AGM and shall be retiring from the Board with effect from the date of the
AGM. Both gentlemen were appointed to the Board following the Company’s acquisition of
Mzuri Energy Limited and Mayborn Resource Investments (Pty) Limited in 2012, in order to
facilitate the smooth integration of these two companies into the Kibo group. Cecil &
Bernard have provided invaluable guidance and assistance during their brief directorships of
the Company in ensuring this has been a smooth integration. The Board wishes to thank them
sincerely for their contribution and wishes them well in the future.



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 3216 2630    XCAP                Joint Broker

Stuart Laing            +61 8 94802500       RFC Ambrian         Nominated Adviser on AIM
                                             Limited

Matt Beale           +44 (0)7966 389196      Fortbridge          Investor 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 in London on 27 April 2010 and AltX in Johannesburg 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 a competent and motivated
Tanzanian staff that operates from Kibo's operations office in Dar es Salaam.

The mineral assets of the Company comprise five projects areas in Tanzania - Haneti (nickel,
PGE and gold), Morogoro (Gold), Lake Victoria (Gold), Rukwa (Coal) and Pinewood (Coal
& Uranium).

The Haneti project is the subject of a joint venture with Brazilian Votorantim Metais
Participações Ltda, a member of Votorantim Group. The Rukwa and Pinewood projects are
situated 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. The project enjoys
strong support expressed by the Tanzanian Government for the expedited development of a
coal mine and mine-mouth coal-fired power plant.

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
8 July 2013


Corporate and Designated Adviser
River Group

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