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KIBO MINING PLC - Appointment of Director

Release Date: 14/02/2014 11:30
Code(s): KBO     PDF:  
Wrap Text
Appointment of Director

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”)

February 14, 2014

Appointment of Director

Kibo is pleased to announce that its Board of Directors (“the Board”) has approved the appointment of Mr.
Andreas Lianos (“Andrew”) as an Executive Director of the Company.

The appointment is effective from 1 March 2014 and a brief CV of Andreas Lianos is set out below:

Andrew (aged 47) is a chartered accountant (CA (SA)), certified management accountant (ACMA), certified
internal auditor (CIA) and JSE qualified executive who started his professional career in 1989 with Grant
Thornton International.

Andrew entered the corporate finance industry in 1994 by joining Deloitte & Touche Corporate Finance. In
1996 he joined Smith Borkum Hare/Merrill Lynch Corporate Finance, and was part of the team that founded
Labyrinth Corporate Finance during 1997. He has substantial transaction experience in the resources, food- and
leisure industries. Andrew has served on the boards of a number of private and public companies.

Andrew co-founded the River Group, Kibo’s JSE Designated and Corporate Advisor and is a director of River
Capital Partners Ltd and River Sponsor Services (Pty) Ltd (Trading as River Group). He is also currently a
director of Boudica Trust Co Limited (trading as Boudica Group) and a director of Mzuri Exploration Services
Ltd and Mzuri Capital Group Ltd (trading as Mzuri Group), which was the largest shareholder in Kibo until
December 2013 when it distributed all its shares to its shareholders as reported to the market on 20 December
2013.

Andrew has been involved in a number of successful cross-border restructurings and resource transactions in
Canada, the Central African Republic, Sierra Leone, Angola, Zambia, Zimbabwe, Tanzania and South Africa.

Andrew has an interest in 500 000 shares in the Company which are held by River Group.

Kibo CEO Louis Coetzee commented: “We are pleased to welcome Andrew as a Director of Kibo. His wealth
of experience and knowledge will add to the strength of the Kibo Board but it is particularly as a member of the
Kibo EXCO where his contribution will be the most valuable”

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

                                                                                      Chief Executive Officer
   Louis Coetzee        + 27 (0)83 2606126             Kibo Mining plc
      Andreas
                                                                                     Corporate and Designated
      Lianos            + 27 (0)83 4408365               River Group
                                                                                         Adviser on JSE
                                                    Hulme (Previously
     Jon Belliss        + 44 (0) 20 3216 2630                                                 Broker
                                                        XCAP)
    Stuart Laing         + 61 8 94802500           RFC Ambrian Limited             Nominated Adviser on AIM
    Daniel Thöle
                       +44 (0) 207 8611606              Bell Pottinger             Investor and Media Relations
    Lydia Eades


Johannesburg
14 February 2014
Corporate and Designated Adviser
River Group

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