Change of Auditors 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: 31 December 2014 Change of Auditors Kibo Mining plc ("Kibo" or the "Company") (AIM: KIBO; AltX: KBO), the Tanzania focussed mineral exploration and development company, announces that it has appointed Saffery Champness Chartered Accountants ("Saffery Champness") as its new company auditor with immediate effect. Saffery Champness is replacing LHM Casey McGrath who has served as company auditor since the Company's inception in 2008. Saffery Champness is part of the global accountancy group Nexia International. The Company believes that as part of an international group with a strong focus on Africa, Saffery Champness has the appropriate global reach and experience across the various jurisdictions in which Kibo conducts its business to provide auditor services on a consolidated basis to Kibo and its subsidiary companies as it moves toward development of its flagship coal (Rukwa Coal to Power project) and gold (Imweru) projects in particular. The consolidated service offering provided by Nexia International will also bring about a significant cost saving in annual audit fees for the Company. Louis Coetzee, CEO of Kibo said: "We are very pleased with the appointment of Saffery Champness as company auditors with whom we already have a strong relationship. On behalf of the Kibo board, I would also like to thank LHM Casey McGrath who, in addition to its audit function, has provided strong support and advice to the Company during the last 6 years." 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 Abigail Wayne +44 (0) 20 3693 1470 Hume Capital Securities Plc Broker Oliver Morse and Trinity McIntyre +61 8 9480 2500 RFC Ambrian Limited Nominated Adviser on AIM Daniel Thšle Lucinda Alderson +44 (0) 203 772 2500 Bell Pottinger Investor and Media Relations Johannesburg 31 December 2014 Corporate and Designated Adviser River Group Date: 31/12/2014 09:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.