BUFFALO COAL CORPORATION - Buffalo Coal's position on COVID-19

Buffalo Coal's position on COVID-19

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"

                               Company’s position on COVID-19

TORONTO, ONTARIO – Marketwired – March 18, 2020: Buffalo Coal is a South Africa based company,
with its head office based in Centurion, Gauteng, and its mining operations based in Dundee, KwaZulu
Natal.

South Africa reported its first positive case of COVID-19 on March 5, 2020. As at March 18, 2020 a total
of 116 confirmed cases have been reported.

On March 15, 2020, South Africa’s President, Mr Cyril Ramaphosa, declared a state of disaster and
announced a wide range of government interventions aimed at curbing the spread of the COVID-19
outbreak. As a result, the Company may be impacted by the world-wide spread of the Coronavirus
(COVID-19) to South Africa.

Available information suggests that elderly persons and persons with immune deficiencies or respiratory
conditions are at higher risk. Due to the relative high prevalence of immuno-compromised conditions
among workers in the South African mining industry, to which the Company’s operations in Dundee is
no exception, the Company has been proactive and has implemented additional measures to reduce the
potential spread of infection.

To date, COVID-19 has neither impacted production or product shipments at the Company’s sites, nor
have there been any significant negative impacts on, or disruption to, the Company’s supply chain.
Nonetheless, Buffalo Coal is constantly monitoring the situation to identify and react to any potential
supply chain disruptions that might emerge.

The Company and its operations will continue to manage and respond to COVID-19 within the
framework of the Company's policies, and local and national health authority requirements and
recommendations and also continue to monitor the potential impacts of COVID-19 and any additional
government interventions on the Company’s operations and all our stakeholders. As the situation
remains fluid, further updates will be provided as considered necessary.
About Buffalo Coal

Buffalo Coal 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:
Ms Emma Oosthuizen
Chief Executive Officer
Email: Emma.Oosthuizen@buffalocoal.co.za

Registered office:

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

18 March 2020

Designated Advisor:
Questco Corporate Advisory Proprietary Limited

Date: 18-03-2020 04:55:00
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