Comment on Proposed Legislative Changes to Tanzania Mining Act 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: IE00B97C031 (“Kibo” or “the Company”) 04 July 2017 Comment on Proposed Legislative Changes to Tanzania Mining Act Kibo Mining plc ("Kibo" or the "Company") (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company, notes the submission of proposed legislation to the Tanzanian Parliament which recommends material changes to the legal framework concerning the natural resources sector in Tanzania. Kibo is currently reviewing the proposed legislation and will continue to monitor the situation closely. The Company will provide an update to the market when appropriate. -Ends- Contacts Louis Coetzee +27 (0) 83 2606126 Kibo Mining plc Chief Executive Officer Andreas Corporate Adviser and +27 (0) 83 4408365 River Group Lianos Designated Adviser on JSE +44 (0) 207 382 Beaufort Securities Jon Belliss Broker 8300 Limited Andrew RFC Ambrian Nominated Adviser +61 8 9480 2500 Thomson Limited on AIM Liz Morley / +44 (0) 203 772 Investor and Media Bell Pottinger Molly Stewart 2500 Relations Kibo Mining - Notes to editors Kibo Mining is listed on the AIM market in London and the AltX in Johannesburg. Kibo Mining is focused on exploration and development of mineral projects in Tanzania, and controls a large mineral rights portfolio in Tanzania. 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 NI 43-101compliant defined resource, and is developing a 250-350 MW mouth-of-mine thermal power station, the Mbeya Coal to Power Project (“MCPP”), previously called the Rukwa Coal to Power Project (“RCPP”), with an established management team that includes ABSA / Barclays as Financial Advisor. Kibo has completed a Coal Mining Definitive Feasibility Study and a Power Pre- Feasibility Study for the Mbeya project and has recently announced the completion of an Integrated Bankable Feasibility Study report for the project. On 25 August 2016, Kibo signed an Agreement with China based EPC contractor SEPCO III granting it the right to become the sole bidder for the EPC contract to build the power plant component of the MCPP in exchange for SEPCO III refunding 50% of the development costs incurred by Kibo to date on the project. Kibo has already received the first tranche of this funding in the amount of US$1.8 million on the 5th September 2016 and signed an EPC contract with SEPCO III on the 19th December 2016. 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's projects are located in central Tanzania and in the Mtwara Corridor in southern Tanzania where the Government has prioritized infrastructural development attracting significant recent investment in coal and uranium. Kibo Mining 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. Kibo Mining recognizes the potential to enhance the quality of life and opportunity for Tanzanian citizens through careful development of its projects. Updates on the Kibo Mining's activities are regularly posted on its website www.kibomining.com. This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014 ("MAR"). Date: 04/07/2017 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.