MINBOS RESOURCES LIMITED — Capital/Financing Update 2015

Sep 10, 2015

11 September 2015

ASX Code: MNB PERTH OFFICE Suite 1, 245 Churchill Avenue Subiaco WA 6008 T: +61 8 6270 4610 E: info@minbos.com W: www.minbos.com ABN: 93 141 175 493

ASX ANNOUNCEMENT/MEDIA RELEASE

MINBOS DISPOSES OF KANZI PROJECT IN DRC

Minbos Resources Ltd ( Minbos or the Company ) is pleased to advise that it has entered into a binding Deed of Offer and Release ( Agreement ) with African Phosphate Pty Ltd ( AFP ) to dispose of its rights in the Kanzi project in the DRC. Under the terms of the Agreement, AFP have also acquired all the historical technical data and study reports for a total consideration of USD200,000.

The only Condition Precedent on the Agreement is the receipt by Minbos of the consideration that is due within 30 days. The cash proceeds on the disposal of the Kanzi project will be utilised for working capital purposes and to progress the Cabinda project.

In terms of the Agreement, Minbos unconditionally and irrevocably releases all of its rights whatsoever in respect of the Kanzi Project Licences and the Phosphalux SPRL Joint Venture Agreement upon completion. The Kanzi project consists of 3 active licences and a further 6 exclusive options.

Minbos Chief Executive Officer Lindsay Reed said: “ As part of the disposal of the Kanzi project it was extremely important for Minbos that the new JV partner had the capability to take the project forward and had the support of our former partners in the DRC. I would like to thank AFP for the constructive negotiations to conclude this transaction. Minbos will continue to focus on its Angolan phosphate interests”.

AFP CEO Jason Brewer said “ We are committed to accelerating the development of the Kanzi project and in working with our new partners in the DRC. With Minbos focused on the development of their Cabinda project, we have been presented with a great opportunity to build on the work they have completed and advance the project towards production”.

African Phosphate is an African focused phosphate mining and development company, which is acquiring and looking to develop advanced phosphate assets throughout Sub-Sahara Africa in partnership with one of South Africa’s largest and oldest fertiliser companies.

ENDS

For further information please contact

Stef Weber For media enquiries contact: Company Secretary David Ikin – Professional Public Relations s.weber@minbos.com david.ikin@ppr.com.au +61 (0) 8 6270 4610 +61 (0) 8 9388 0944

11 September 2015

ASX Code: MNB PERTH OFFICE Suite 1, 245 Churchill Avenue Subiaco WA 6008 T: +61 8 6270 4610 E: info@minbos.com W: www.minbos.com ABN: 93 141 175 493

About Minbos

Minbos Resources Limited ( ASX: MNB ) is an ASX-listed exploration and development company focused on phosphate ore within the Cabinda Province of Angola. Through its subsidiaries and joint ventures, the Company is exploring approximately 200,000ha of highly prospective ground hosting phosphate ore in Angola.

Minbos is focussing on the development of the high grade Cacata project in Cabinda whilst growing its current resource base in incremental stages on the remaining deposits in Angola.

The Company’s strategy is to specifically target the exploration and development of low cost fertiliser-based commodities in order to tap into the growing global demand for fertilisers. Phosphate is an essential component in certain agricultural fertilisers, with the market supported by the increasing global demand for food and bio-fuel products.

For more information, visit www.minbos.com