Press Speculation 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’) Dated: 29 June 2018 Kibo Mining Plc (‘Kibo’ or the ‘Company’) Press Speculation Kibo Mining plc (AIM: KIBO; AltX: KBO), the multi-asset Africa-focused energy and resource company, announces that, contrary to press speculation, its engagement with the Tanzania Electric Supply Company (‘TANESCO’) with regard to the development of the Mbeya Coal to Power Project (‘MCPP’) remains unchanged and the Company is continuing to advance its discussions with TANESCO regarding the Power Purchase Agreement (‘PPA’) for the 300MW MCPP. **ENDS** This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014 ("MAR"). For further information please visit www.kibomining.com or contact: Louis Coetzee info@kibomining.com Kibo Mining Plc Chief Executive Officer Andreas Lianos +27 (0) 83 4408365 River Group Corporate and Designated Adviser on JSE Ben Tadd / +44 (0) 20 3700 0093 SVS Securities Joint Broker Tom Curran Limited Jon Belliss +44 (0) 20 7399 9400 Novum Securities Ltd Joint Broker Andrew Thomson +61 8 9480 2500 RFC Ambrian Limited NOMAD on AIM Isabel de Salis / +44 (0) 20 7236 1177 St Brides Partners Ltd Investor and Media Priit Piip Relations Adviser Notes to editors Kibo Energy plc is a multi-asset, Africa focussed, energy company positioned to address the acute power deficit, which is one of the primary impediments to economic development in Sub-Saharan Africa. To this end, it is the Company’s objective to become a leading independent power producer in the region. Kibo is simultaneously developing three similar coal-fuelled power projects: the Mbeya Coal to Power Project (‘MCPP’) in Tanzania; the Mabesekwa Coal Independent Power Project (‘MCIPP’) in Botswana; and the Benga Independent Power Project (‘BIPP’) in Mozambique. By developing these projects in parallel, the Company intends to leverage considerable economies of scale and timing in respect of strategic partnerships, procurement, equipment, human capital, execution capability / capacity and project finance. Additionally, the Company will benefit from its robust and experienced international blue-chip partnership network across its project portfolio, which includes: SEPCO III (China), General Electric (USA); Tractebel Engineering (Belgium); Minxcon Consulting (South Africa); ABSA / Barclays Africa); and Hogan Lovells International LLP. Johannesburg 29 June 2018 Corporate and Designated Adviser River Group Date: 29/06/2018 08:00:00 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.