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BUFFALO COAL CORPORATION - Appointment of Chief Financial Officer

Release Date: 28/02/2020 15:47
Code(s): BUC     PDF:  
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Appointment of Chief Financial Officer

BUFFALO COAL CORP.
Registration number: 001891261
External company registration number: 2011/011661/10
Share code on the TSX Venture Exchange: BUF
Share code on the JSE Limited: BUC
ISIN: CA1194421014
"Buffalo Coal" or "the Company"

                       APPOINTMENT OF CHIEF FINANCIAL OFFICER

TORONTO, ONTARIO – Marketwired – February 28, 2020: Further to previous communications around
the selection of a successor to the Company’s Interim Chief Financial Officer (“Interim CFO”), the board
of directors of Buffalo Coal (“the Board”) is pleased to announce the appointment of Mr Willie
Bezuidenhout as Chief Financial Officer (“CFO”), with effect from 9 March 2020.

Mr Bezuidenhout, a South African, is a chartered accountant and seasoned finance executive with a
track record of capable financial leadership in mining companies. He previously held senior finance
positions at Uranium One Inc. and the Public Investment Corporation. Mr Bezuidenhout will take over
from Mr Graham du Preez, who acted as Buffalo Coal’s Interim CFO in prior years, and who again filled
the role of Interim CFO from 26 August 2019 until 28 February 2020.

The Board is confident that Buffalo Coal, under the leadership of Emma Oosthuizen (the current Interim
Chief Executive Officer), Mr Bezuidenhout and the existing management team, will continue to focus on
executing the Company's strategy.

Mr Craig Wiggill, the Chairman, commented as follows: “We are pleased that Willie has joined Buffalo
Coal and wish him success in his new role as CFO. On behalf of Buffalo’s Board of Directors and senior
management team, I also thank Graham for his role as Interim CFO over the last six months."

About Buffalo Coal

Buffalo is a coal producer in South Africa. It holds a majority interest in two operating mines through its
100% interest in Buffalo Coal Dundee, a South African company which has a 70% interest in Zinoju.
Zinoju holds a 100% interest in the Magdalena bituminous mine and the Aviemore anthracite mine in
South Africa. Buffalo Coal has an experienced coal-focused management team.

The Company has its primary listing on the TSX Venture Exchange (“TSXV”) and has a secondary listing
on the Alternative Exchange (“AltX”), operated by the JSE. Buffalo Coal trades under the symbol ‘BUF’ on
the TSXV and ‘BUC’ on the AltX.

For further information, please contact:

Craig Wiggill
Chairman of the Board
Email: craig@wiggill.co.uk

Registered office:

First Floor, Building 1, Manhattan Office Park
16 Pieter Street
Highveld, Centurion

28 February 2020

Designated Advisor:
Questco Corporate Advisory Proprietary Limited

Date: 28-02-2020 03:47:00
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