BUFFALO COAL CORPORATION - Unprotected strike action at Aviemore mine

Unprotected strike action at Aviemore mine

Buffalo Coal Corp.
Incorporated in Canada and the Republic of South Africa
(Registration number: 2011/011661/10)
Share code TSX Venture Exchange: BUF
Share code JSE Limited: BUC
ISIN: CA1194421014
(“Buffalo Coal Corp.” or “Buffalo” or “the Group” or “the Company”)


                   UNPROTECTED STRIKE ACTION AT AVIEMORE MINE

TORONTO, ONTARIO – Marketwired – April 9, 2021: Buffalo Coal Corp. announces that, on April 8, 2021
during the afternoon shift, approximately 130 employees at the Company’s Aviemore mine refused to
vacate their workstations and commenced with unprotected strike action. Underground employees have
refused to return to surface whilst surface employees have refused to vacate the Company’s premises
unless their demands for immediate salary increases are met.

Management’s efforts to convince these employees to cease their illegal and dangerous actions have been
unsuccessful. The Company has been liaising with the recognized labour unions and the Commission for
Conciliation, Mediation and Arbitration (“CCMA”) to secure the safe return of the workers to surface.

“It is unfortunate that some of our employees have decided not to follow recognized protocols and
endanger their own and their fellow co-workers’ health and safety through their illegal actions and
intimidation. Management will continue to liaise in good faith with both the labour unions and the CCMA.
The timing of these actions is unfortunate, considering the ongoing impact that COVID-19 has had on the
Company’s operational and financial performance.”, commented Emma Oosthuizen, the Company’s Chief
Executive Officer.



About Buffalo

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 Limited.
FOR FURTHER INFORMATION PLEASE CONTACT:

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

Registered office:

Greytown Road, Industrial Area
Dundee
Kwazulu-Natal
3000

9 April 2021

Designated Advisor:
Questco Corporate Advisory Proprietary Limited

Date: 09-04-2021 05:29:00
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