KIBO MINING PLC - Kibo Re-acquires 100% interest in Haneti Joint Venture

Kibo Re-acquires 100% interest in Haneti Joint Venture

 Kibo Mining Plc
 (Incorporated in Ireland)
 Registration Number: 451931
 (External registration number: 2011/007371/10)
 Share code on the JSE: KBO
 Share code on the AIM: KIBO ISIN:
 IE00B61XQX41
 (“Kibo” or “the Company”)


 Dated: December 5, 2013

                           Kibo Re-acquires 100% interest in Haneti Joint Venture

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; JSE AltX: KBO), the mineral exploration and
development company focused on gold, nickel, coal and uranium projects in Tanzania, announces that it has
moved back to having a 100% interest in the Haneti nickel-PGM project, after Votorantim Metaís Participações
Ltda (Votorantim) opted out of the joint venture with Kibo, through which it was earning into the Haneti project
by funding exploration work. Votorantim’s decision followed a strategic review of its Southern Africa exploration
operations.


Kibo Mining CEO, Louis Coetzee said:
I would like to thank Votorantim for their contribution in advancing the project over the last year. The results
received to date from the 2013 exploration work have confirmed the prospectivity of the project for nickel-PGM
style and gold mineralization and we look forward to advancing the project from here on. A significant amount of
laboratory results are still pending from the 2013 exploration work and we remain confident in the opportunity
that exists at Haneti as we look to realize further value from the project and continue work towards achieving the
ultimate goal of delivering a maiden JORC compliant resource. We look forward to updating the market on the
results when they become available before year end. We continue to move forward with our strategy focused on
progressing our asset portfolio in Tanzania, which includes our flagship Rukwa Coal to Power project and our
portfolio of gold projects.


 Kibo Mining - Notes to editors

Kibo was established in early 2008 to explore and develop mineral deposits in Tanzania. The company was
admitted to AIM in London on 27 April 2010 and the AltX in Johannesburg on 30 May 2011. The Company is
developing the Rukwa mouth-of-mine thermal power station and controls one of Tanzania’s largest mineral right
portfolios, including the - Haneti (nickel, PGE and gold), Morogoro, Lake Victoria (Gold), and Pinewood (Coal
& Uranium) projects.

Its projects are located both 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.

Kibo's objective is to build shareholder value sustainably. This will be achieved primarily through exploration of
its own projects and leveraging the Company's experience in Tanzania to acquire exploration and development
assets on competitive terms. The focus is on assets that can be moved swiftly up the value curve whilst benefitting
from strategic relationships with industry leaders with special skills and competencies within their chosen fields.

Updates on the Company’s activities are regularly posted on its website www.kibomining.com
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                      Broker
    Stuart Laing           +61 8 94802500        RFC Ambrian        Nominated Adviser on AIM
                                                   Limited
    Daniel Thöle           +44 0207 8611606      Bell Pottinger     Investor and Media Relations

Johannesburg
06 December 2013
Corporate and Designated Adviser
River Group

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