Makhado Project Regulatory Progress MC Mining Limited Previously Coal of Africa Limited (Incorporated and registered in Australia) Registration number ABN 008 905 388 ISIN AU000000MCM9 JSE share code: MCZ ASX/AIM code: MCM ANNOUNCEMENT 3 September 2018 MAKHADO PROJECT REGULATORY PROGRESS MC Mining Limited (“MC Mining” or the “Company”) is pleased to announce further progress at its fully permitted Makhado hard coking and thermal coal project (“Makhado Project” or “Makhado”), located in the Limpopo province in South Africa. MC Mining’s subsidiary, Baobab Mining & Exploration (Pty) Ltd, the owner and developer of the Makhado Project, applied to both the Department of Mineral Resources (“DMR”) and the Limpopo Department of Economic Development, Environment and Tourism (“LEDET”) during January 2018 for an amendment to Makhado’s 2016 Environmental Authorisation (“EA”). The requirement for the EA amendment arose on completion of the revised Makhado Project plan, whereby saleable coal will be transported to the Musina rail siding by road rather than rail. The Company is pleased to announce that LEDET has granted the EA amendment for Makhado. Stakeholders may appeal this amendment and any appeal will result in the suspension of the LEDET’s authorisation. MC Mining will address this with the regulatory authorities if applicable. David Brown, CEO commented: “The decision by LEDET reinforces the government’s support for Makhado and the project’s potential to contribute to socio-economic development in the area. We await the record of decision from the DMR and have commenced the process to obtain surface rights access in terms of South African mining legislation.” Authorised by David Brown Chief Executive Officer For more information contact: David Brown Chief Executive MC Mining Limited +27 10 003 8000 Officer Brenda Berlin Chief Financial MC Mining Limited +27 10 003 8000 Officer Tony Bevan Company Secretary Endeavour Corporate +61 08 9316 Services 9100 Company advisors: Jos Simson/ Gareth Financial PR Tavistock +44 20 7920 Tredway (United Kingdom) 3150 Ross Allister/David Nominated Adviser Peel Hunt LLP +44 20 7418 McKeown/James Bavister and Broker 8900 Charmane Russell/Olwen Financial PR R&A Strategic +27 11 880 3924 Auret (South Africa) Communications Investec Bank Limited is the nominated JSE Sponsor About MC Mining Limited: MC Mining is an AIM/ASX/JSE listed coal exploration, development and mining company operating in South Africa. MCM’s key projects include the Uitkomst Colliery (metallurgical coal), Makhado Project (coking and thermal coal). Vele Colliery (coking and thermal coal), and the Greater Soutpansberg Projects (MbeuYashu). Forward-Looking Statements This Announcement, including information included or incorporated by reference in this Announcement, may contain "forward-looking statements" concerning MC Mining that are subject to risks and uncertainties. Generally, the words "will", "may", "should", "continue", "believes", "expects", "intends", "anticipates" or similar expressions identify forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond MCM’s ability to control or estimate precisely, such as future market conditions, changes in regulatory environment and the behaviour of other market participants. MCM cannot give any assurance that such forward-looking statements will prove to have been correct. The reader is cautioned not to place undue reliance on these forward looking statements. MCM assumes no obligation and do not undertake any obligation to update or revise publicly any of the forward-looking statements set out herein, whether as a result of new information, future events or otherwise, except to the extent legally required. Statements of intention Statements of intention are statements of current intentions only, which may change as new information becomes available or circumstances change. Date: 03/09/2018 02:10:00 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.