KIBO MINING PLC - Share Issue

Share Issue

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:IE00B97C0C31
(“Kibo” or “the Company”)

1 July 2016

Share Issue

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused 
mineral exploration and development Company has today elected to make the fourth drawdown of 
the loan facility (the “Facility”) provided to the Company by Sanderson Capital Partners Limited 
(“Sanderson”), the details of which were announced in the Company’s RNS of 03 March 2016.

In accordance with the terms of the Facility the Company has today allotted 1,186,046 Ordinary 
Shares (the “Shares”) of €0.015 par value each in the capital of the Company to Sanderson. The 
Shares will be issued as a drawdown fee upon receipt of £300,000 from Sanderson, representing 
the fourth drawdown on the Facility of up to £1,500,000 provided by Sanderson to the Company 
and will be issued at a price of 4.3 pence per share.

Application will be made for the Shares to be admitted to trading on AIM and the JSE AltX 
markets. Trading in the Shares is expected to commence on AIM and the JSE on or around 6 July 
2016 (“Admission”). On completion of Admission the Company will have 354,632,316 shares in issue. 

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) 207 382 8300
Beaufort Securities Limited
Broker

Oliver Morse
+61 8 9480 2500
RFC Ambrian Limited
Nominated Adviser on AIM

Daniel Thöle / Anna Legge
+44 (0) 203 772 2500
Bell Pottinger
Investor and Media Relations

Kibo Mining - Notes to editors

Kibo Mining is listed on the AIM market in London and the AltX in Johannesburg. The Company 
is focused on exploration and development of mineral projects in Tanzania, and controls one of 
Tanzania's largest mineral right portfolios. Tanzania provides a secure and stable operating 
environment for the mineral resource industry and Kibo Mining therein.

Kibo Mining holds a thermal coal deposit at Mbeya, which has a significant JORC compliant 
defined resource, and is developing a 250-350MW mouth-of-mine thermal power station, the 
Mbeya Coal to Power Project (“MCPP”), with an established management team that includes 
Standard Bank as Financial Advisor. Kibo is undertaking a Coal Mining Definitive Feasibility 
Study and a Power Definitive Feasibility Study for the Mbeya project with an integrated Bankable 
Feasibility Report for the MCPP to be released in the near term. On 20th April 2015, Kibo signed 
a Joint Development Agreement for the completion of the Definitive Feasibility Studies and 
development of the MCPP with China based EPC contractor SEPCO III.

The Company also has extensive gold focused interests including Lake Victoria Goldfields and 
Morogoro projects. At Lake Victoria, the Company has projects with a 550,000oz JORC 
compliant gold Mineral Resource at Imweru Project and a 168,000oz NI 43-101 compliant gold 
Mineral Resource at the Lubando Project in which the Company holds a 90% attributable interest. 
The Company is currently undertaking a Definitive Feasibility Study on its Imweru Project.

Kibo also holds the Haneti Project on which the latest technical report confirms prospectivity for 
nickel, PGMs, gold and strategic metals including lithium.

Kibo Mining further holds the Pinewood (coal & uranium) project where the company has entered 
into a 50/50 Exploration Joint Venture with Metal Tiger plc.

Finally, the Company also holds the Morogoro (gold) project where the company has also entered 
into a 50/50 Exploration Joint Venture with Metal Tiger plc.

The Company's projects are located 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. The Company has a positive working relationship with the Tanzanian 
government at local, regional and national levels and works hard to maintain positive relationships 
with all communities where company interests are held. The Company recognises the potential to 
enhance the quality of life and opportunity for Tanzanian citizens through careful development of 
its projects.

Updates on the Company's activities are regularly posted on its website www.kibomining.com


Johannesburg 
1 July  2016
Corporate and Designated Adviser 
River Group

















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