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 and BMR Group PLC (AIM: BMR) have agreed, under the executed binding joint venture agreement (“the Agreement”) for the Kabwe project, to extend the date for the fulfilment of all conditions precedent from 28 February 2018 to 31 of March 2018 (“the Long Stop Date”). The extension of the Long Stop Date is to allow for the Kabwe project to remedy the cancellation of the current small scale mining licence. The notice of appeal by BMR will be submitted by no later than 2 March 2018. Leon Coetzer, Chief Executive commented: “As previously stated we are actively supporting BMR during this process. Our two teams continue to work unabated as we target to finalise shortly the design parameters for the processing plant. I have been encouraged by my ongoing engagement with the Zambian Mining Ministry and I have been invited to follow-up discussions with the Zambian Mining Ministry as soon as the BMR appeal has been submitted.” Further updates will be provided as appropriate. United Kingdom 1 March 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: 01/03/2018 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.