Further Kabwe Project Update Jubilee Metals Group PLC Registration number (4459850) AltX share code: JBL AIM share code: JLP ISIN: GB0031852162 ("Jubilee" or "the Company") Further Kabwe Project Update Jubilee Metals Group PLC notes the announcement made today by BMR Group PLC (“BMR”) providing an update on the appeal against the notice of cancellation, announced on 7 February 2018. BMR also states that following meetings between the company and directors of the Zambian Mining Ministry and Mining Cadastre, preparation of the company's appeal against the notice of cancellation, is well advanced and the formal appeal is expected to be submitted by no later than 2 March 2018. Leon Coetzer, Chief Executive commented: “We are actively supporting BMR during this process. We have engaged directly with the Zambian Department of Mines to demonstrate Jubilee’s commitment to providing its technical, operational and financial strength to the Kabwe project. Our engagements were well received by the Zambian Department of Mines. The Zambian Department of Mines’ representatives acknowledged the combined strength of the BMR and Jubilee team and recognised the significant progress made by the team towards the execution of the Kabwe project. Our engagements with the Zambian Mining Ministry afforded Jubilee the opportunity to present the Company’s extensive capability in the recovery of metals from waste as well as the associated environmental improvements the projects could offer. Against the aforementioned it was agreed to have a follow-up discussion with the Department of Mines to further present the detail around our capabilities as well as to receive an update on the Kabwe Project. These discussions will follow the submission of the appeal by BMR expected to be submitted no later than the 2 March 2018.” Further updates will be provided as appropriate. United Kingdom 23 February 2018 Contacts Jubilee Metals Group PLC Colin Bird/Leon Coetzer Tel +44 (0) 20 7584 2155 / Tel +27 (0) 11 465 1913 Andrew Sarosi Tel +44 (0) 1752 221937 Nominated Adviser SPARK Advisory Partners Limited Mark Brady/Andrew Emmott Tel: +44 (0) 203 368 3555 Broker Beaufort Securities Limited Jon Belliss Tel: +44 (0) 20 7382 8300 JSE Sponsor Sasfin Capital, (a member of the Sasfin group) Sharon Owens Tel +27 (0) 11 809 7500 Date: 23/02/2018 05:31:00 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.