JUBILEE METALS GROUP PLC - Kabwe and BMR Group PLC (BMR) update

Kabwe and BMR Group PLC (“BMR”) update

Jubilee Metals Group PLC
Registration number (4459850)
AltX share code: JBL
AIM share code: JLP
ISIN: GB0031852162
("Jubilee" or "the Company")


Kabwe and BMR Group PLC (“BMR”) update



Jubilee has reached agreement in support of BMR’s efforts to resolve the settlement of approved past
creditors (“Creditors”), by allowing BMR to allocate a sufficient portion of its existing holding of ordinary
shares in Jubilee (“Jubilee Shares”) towards settlement of these Creditors in an amount of approximately
GBP597 015 (USD800 000). All such Jubilee Shares held by BMR will be transferred to a Jubilee nominated
Broker account. To this extent Jubilee has agreed to lift the lock-in period as defined in the Share
Subscription Agreement entered into between BMR and Jubilee on 15 January 2018, to allow the transfer of
the Jubilee Shares to settle the Creditors.

Leon Coetzer, Chief Executive commented:

“We are making excellent progress on the Kabwe project with the construction of the primary leach circuit
well underway. Final tests on the ore handling systems are expected to conclude shortly to confirm
equipment selection.

Further details on the project will be released following the project presentation to the Zambian Mining
Ministry expected to be held on or before 20 June 2018.“



United Kingdom

4 June 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

Shard Capital Partners LLP
Damon Heath/Erik Woolgar
Tel: +44 (0) 207 186 9900
JSE Sponsor

Sasfin Capital, (a member of the Sasfin group)

Sharon Owens
Tel +27 (0) 11 809 7500

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