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Mbeya Coal to Power Project (“MCPP”) – Update

14 July 2017

Kibo Mining plc (“Kibo” or the “Company”) (AIM: KIBO; AltX: KBO), the Tanzania focused
mineral exploration and development Company, is pleased to announce that, following a week of
follow-up meetings with Government departments and other Tanzanian stakeholders regarding the
further development of the MCPP, there is no identified adverse impact on the further development
of the MCPP as a result of recent changes in the legislative environment. Further, on the basis of
these discussions the Company does not anticipate any future adverse impact on the development
of the MCPP, however the Company will be diligently reviewing its position on this matter going
forward.

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Final RNS_MCPP 8th Update_General_V3.0_140717

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AIM Share Price
(Ticker: KIBO)
5.25p Change +0.12p
at 9:21am on 28 Jul 2017

JSE Share Price
(Ticker: KBO)
72.00c Change 0.00c
at 10:21am on 28 Jul 2017

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