KIBO APPOINTS RFC AMBRIAN AS NOMINATED ADVISER

RNS Number : 1868D

Kibo Mining Plc

11 May 2012

 

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: IE00B61XQX41

("Kibo" or "the Company")

Dated: 11 May 2012

KIBO APPOINTS RFC AMBRIAN AS NOMINATED ADVISER (NOMAD)

Kibo Mining plc ("Kibo" or the "Company") (AIM: KIBO), (JSE: KBO), the Tanzania focused mineral exploration and development company, is pleased to announce the appointment of RFC Ambrian Limited ("RFC Ambrian") as the Company's AIM market Nominated Adviser with immediate effect.

RFC Ambrian is a leading corporate and investment advisory group focused on the natural resource sector. Through its offices in both Australia and the UK, RFC Ambrian has a track record of successfully advising both major and junior resource sector clients in relation to capital raisings, corporate strategy, asset acquisitions and divestments, strategic partnerships, offtake, project finance, AIM and ASX listings, valuation matters and mergers and acquisitions.

Enquiries:

Louis Coetzee	[phone]	Kibo Mining plc	Chief Executive Officer
Stuart Laing	[phone]	RFC Ambrian Limited	Nominated Adviser
Andreas Lianos	[phone]	River Group	Corporate Adviser and Designated Adviser   (AltX)
Nick Bealer	[phone]	Cornhill Capital Ltd	Broker (Corporate Broking)
Matt Beale	[phone]	Fortbridge	Public Relations

Updates on the Company's activities are regularly posted on its

website www.kibomining.com

General Background & Strategy

Kibo is a public company registered in Ireland (company number 451931). Its registered office is Kibo Mining plc, Suite 3, One Earlsfort Centre, Lower Hatch Street, Dublin 2, Ireland. Kibo was established in early 2008 to explore and develop mineral deposits in Tanzania, East Africa and was admitted to AIM on 27 April 2010 and AltX in South Africa on 30 May 2011.

The Board of Kibo is composed of experienced professionals spanning mineral exploration, mine development, mining finance and financial control of public companies. It is supported by well trained and motivated Tanzanian staff that operates from Kibo's exploration offices in Dares Salaam and Mwanza.

The mineral assets of the Company comprise three existing and two newly acquired projects in Tanzania - Haneti (nickel, platinoid elements and gold), Morogoro (Gold) and Lake Victoria (Gold) which give Kibo access to over 18,000 km2 of early stage exploration licences in Tanzania's premier gold mining region, the Lake Victoria Goldfield and within the newly emerging gold exploration regions in eastern Tanzania.

The Company has recently also acquired, subject to certain suspensive closing conditions and approvals, coal and uranium exploration projects as publicly announced on 2 April 2012 in accordance with its multi-commodity exploration strategy.

Kibo's objective is to enhance Shareholder value through acquisition, exploration and development of mineral assets in Tanzania. This objective will be pursued primarily through active exploration, particularly drilling on its current projects and by using the Company's experience in Tanzania to acquire further quality mineral projects on competitive terms that can be quickly evaluated and taken to the next stage of development. Kibo will undertake continual risk assessment of its projects and take whatever actions it believes are necessary to ensure that these risks are mitigated.

Pretoria

Dated: 11 May 2012

Corporate and Designated Advisor

River Group

 

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