Result of AGM

RNS Number : 7828I

Zanaga Iron Ore Company Ltd

20 June 2011

20 June, 2011

Zanaga Iron Ore Company Limited

RESULT OF ANNUAL GENERAL MEETING

Zanaga Iron Ore Company Limited (AIM: ZIOC) announces that at the Annual General Meeting held on Friday 17 June all resolutions proposed were duly passed.

About Zanaga Iron Ore Company Limited

Zanaga Iron Ore Company Limited (AIM: ZIOC) is the owner of 50% less one share interest in the Zanaga Iron Ore Project ("The Zanaga Project") based in the Republic of Congo through its joint venture partnership with Xstrata. The Zanaga Project is focused on the management, development and construction of a world-class iron ore mine and related, processing, rail and port infrastructure.

ZIOC owned 100% of and managed the Zanaga Project up until February 2011 when Xstrata exercised its first call option to acquire its 50% plus one share majority stake in Jumelles Limited, the joint venture vehicle for the Zanaga Project. Xstrata is now ZIOC's majority joint venture partner and has effective management control of the Zanaga Project at both a shareholder and director level.

Media contacts

Zanaga UK Services Limited

Corporate Development and Andrew Trahar
Investor Relations Manager 020 7399 1105

Liberum Capital Limited

Nominated Adviser, Financial Chris Bowman, Christopher Britton
Adviser and Sole Broker and Christopher Kololian

020 3100 2000

Pelham Bell Pottinger

Financial PR Charles Vivian, James MacFarlane
and Philippe Polman

020 7861 3232

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