Kibo Energy PLC

Share Issue/Capital Change • May 31, 2016

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RNS Number : 7060Z

Kibo Mining Plc

31 May 2016

Kibo Mining Plc (Incorporated in Ireland) (Registration Number: 451931)

(External registration number: 2011/007371/10) Share code on the JSE Limited: KBO

Share code on the AIM: KIBO ISIN:IE00B97C0C31

("Kibo" or "the Company")

31 May 2016

Share Issue

Kibo Mining plc ("Kibo" or the "Company") (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development Company has today issued 433,835 new Ordinary Kibo shares of €0.015 par value each in the capital of the Company (the "Settlement Shares") to service providers in settlement of invoices. 321,457 of the Settlement Shares were issued at 3.733 per share to RFC Ambrian for corporate advisory fees to the Company in the amount of £12,000. The remaining 112,378 were issued at 4.5p per share for project management services to a service provider in Tanzania in the amount of £5,057. Application will be made for the Settlement Shares to be admitted to trading on AIM and the JSE AltX markets. Trading in the Shares is expected to commence on AIM and the JSE on or around 3rd June 2016 ("Admission"). On completion of Admission the Company will have 353,446,270 shares in issue.

Contacts

Louis Coetzee	+27 (0) 83 2606126	Kibo Mining plc	Chief Executive Officer
Andreas Lianos	+27 (0) 83 4408365	River Group	Corporate Adviser and Designated Adviser on JSE
Jon Belliss	+44 (0) 207 382 8300	Beaufort Securities Limited	Broker
Oliver Morse	+61 8 9480 2500	RFC Ambrian Limited	Nominated Adviser on AIM
Daniel Thöle / Anna Legge	+44 (0) 203 772 2500	Bell Pottinger	Investor and Media Relations

Johannesburg

31 May 2016

Corporate and Designated Adviser River Group

This information is provided by RNS

The company news service from the London Stock Exchange

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