KIBO MINING PLC - Results of Annual General Meeting and Completion of Placing announced on 14 July 2014

Results of Annual General Meeting and Completion of Placing announced on 14 July 2014

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”)

31 July 2014

 Results of Annual General Meeting and Completion of Placing announced on 14 July
                                       2014

Shareholders are advised that the Annual General Meeting of Kibo Mining plc (“Kibo”) held
yesterday was attended in person and by proxy by shareholders holding approximately 21%
of the shares in Kibo.


All the resolutions proposed were approved and they will be registered with the Companies
Registration Office (Ireland).


The Company has also delivered the balance of shares to placees from its share placing
announced on the 14th July 2014 (the “Placing”) by the allotment of 7,285,714 shares of
which 5,714,285 shares have been taken up by Kibo directors (“the Directors”) on the same
terms as other investors. The Directors’ shareholding in the Company before and after the
Placing is shown on the table below:


                    Before Placing           Placement              Current Interests
                       Interests               Shares
Director          Shares      Options       Shares taken    Shares held        %        Options
                   held          held           up in                       interest     held
                                             Placement
Christian       1,715,910        100,000       81,179       *1,797,089       0,87       100,000
Schaffalitzky
Louis           5,599,903        100,000     1,533,381      **7,133,284      3,47       100,000
Coetzee
Noel             714,865         100,000      978,286      ***1,693 151      0,82       100,000
O’Keeffe
Andreas         3,000,000        100,000     1,876,695     ****4,876 695     2,37       100,000
Lianos
Tinus Maree     2,590,268        100,000      81,179       *****2,671 447    1,30       100,000
Wenzel            32,309         100,000      81,179           113,488       0,06       100,000
Kerremans
Management          nil            nil       1,082,386       1,082,386       0,53
Louis
Scheepers
Total           13,653,255       600,000     5,714,285      19,367,540      9,42%       600,000
* 627,000 shares of total held in family trust Crosslane Limited
** 1,464,620 shares of total held in Boulder Mining Limited, 2,155,711 shares in Tsitato
Trading Limited and 3,512,953 held in Huntress Nominees Limited
*** 699,300 shares of total held in Davy Crest Nominees and 15,565 shares held by spouse
Suzanne O’Keeffe
**** All shares held in Huntress Nominees Limited
***** All shares held in Huntress Nominees Limited


Application will be made for these 7,285,714 shares to be admitted to trading on AIM and
the JSE AltX markets and trading is expected to begin on or about 6th August 2014.
Following Admission, the Company will have 205,440,405 shares in issue.


Contacts


  Louis Coetzee         +27 (0) 83 2606126       Kibo Mining plc     Chief         Executive

                                                                     Officer

  Andreas Lianos        +27 (0) 83 4408365       Kibo Mining plc     Corporate Adviser and

                                                 & River Group       Designated Adviser

  Jon Belliss          + 44 (0) 20 3216 2630     Hume Capital        Broker

                                                 (Previously

                                                 XCAP)

  Oliver Morse            +61 8 94802500         RFC Ambrian         Nominated Adviser on

  Trinity McIntyre                               Limited             AIM

  Daniel Thöle          +44 (0) 207 8611606      Bell Pottinger      Investor    and   Media

  Lydia Eades           +44 (0) 207 8613126                          Relations


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 (gold), 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

Johannesburg
31 July 2014

Corporate and Designated Adviser
River Group

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