OAKBAY RESOURCES AND ENERGY LIMITED - Appointment of Chief Executive Officer

Appointment of Chief Executive Officer

Oakbay Resources and Energy Limited
(Incorporated in the Republic of South Africa)
Registration number: 2009/021537/06
Share code: ORL
ISIN: ZAE000196085
(“Company”)


APPOINTMENT OF CHIEF EXECUTIVE OFFICER


Oakbay Resources is pleased to announce that, following a Nominations Committee
process, the Board has appointed Mr Jacques Roux as the Chief Executive Officer of
the Company with immediate effect.

Mr Jacques Roux has broad commercial acumen and extensive experience in the
mining sector including platinum group metals, chrome and coal. He has previously
held the position of Chief Executive Officer of JIC Mining Services. In June 2015, he
was entrusted with executive accountability for the Oakbay Group’s coal mining
operations at Brakfontein Colliery near Delmas.

The Board congratulates Jacques on his appointment and looks forward to his
valuable contribution to the Company.

17 May 2016

Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)

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