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BUFFALO COAL CORPORATION - Update on Buffalo Coals position on COVID-19

Release Date: 24/03/2020 15:54
Code(s): BUC     PDF:  
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Update on 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"

          21-day national lockdown to be implemented in the Republic of South Africa (“South Africa”)

TORONTO, ONTARIO – Marketwired – March 24, 2020: Buffalo Coal Corp.

Buffalo Coal is a South African based company, with its head office based in Centurion, Gauteng, and its mining
operations based in Dundee, KwaZulu Natal.

Further to Buffalo Coal’s announcement “Company’s position on COVID-19”, published on Wednesday, 18 March
2020, the Company hereby informs all stakeholders that South Africa’s President, Mr Cyril Ramaphosa, has
imposed a national 21-day lockdown (“the National Lockdown”), effective midnight, Thursday 26 March 2020.
These measures have been announced to contain the spread of the coronavirus within South Africa.

All non-essential businesses have been ordered to close for the duration of the National Lockdown. Mines have
been ordered to limit activities to care and maintenance procedures designed to avoid damage to underground
working areas and other infrastructure and facilities required for continuous operations.

In compliance with the directive issued, care and maintenance protocols are being developed and will be fully
implemented at the Company’s operations in Dundee before midnight on Thursday, March 26 th. In addition to the
safeguarding and maintenance of the Company’s critical infrastructure, these protocols will be designed to ensure
continued compliance with all relevant environmental, safety, health and other relevant legislative requirements.

The National Lockdown is expected to have a considerable negative impact on the Company’s mining operations.
The Company will engage with its financiers, major suppliers and other stakeholders in this regard. The Company
will continue to proactively measure and manage any potential impacts of the National Lockdown, together with
any possible future extensions thereof. Further updates will be communicated to the Company’s various
stakeholders as new information becomes available.

About Buffalo Coal

Buffalo Coal is a coal producer in southern 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

24 March 2020

Designated Advisor:
Questco Corporate Advisory Proprietary Limited

Date: 24-03-2020 03:54:00
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