13 July 2015

Kibo Mining Plc ("Kibo" or the "Company") (AIM:KIBO; JSE AltX: KBO), the Tanzania focused mineral exploration and development company, is pleased to announce that it has received the final report from an independent Airborne Geophysical Data Interpretation carried out over its Haneti project in central Tanzania. The results from the preliminary findings were announced on the Company's RNS dated 24 June 2015.

Highlights

• The final report confirms the location, strike extent and internal structure of two newly interpreted composite mafic-ultramafic zones extending significantly the previously known "footprint" of the Haneti-Itiso Ultramafic Complex (HIUC);
• The newly outlined mafic-ultramafic zones, with strike lengths of approximately 30 km (Southwest Zone) and 10-20 km (Northwest Zone) occur to the Southeast and the Northwest of the central 80 km long (strike length) HIUC respectively and may represent folded repetitions and fault off-set extensions of the HIUC;
• Modelling of the high magnetic anomaly over the Mihanza drill prospect shows that the magnetic susceptibility increases with depth and the prospective rocks extend to 800 m which indicates the potential for a significant volume of nickel prospective target rock at this location alone;
• The data from the geophysical study will continue to be evaluated both in-house and by the Company's consultants to assist with geological modelling, new ground acquisition exploration targeting and exploration programme design.

Louis Coetzee, Chief Executive Officer of Kibo Mining plc, said: "We are pleased to announce the completion of this phase of geophysical interpretation work at our Haneti project. The results emerging from our desktop studies, which commenced late last year, aimed to extract optimum benefit from our existing exploration database and the Tanzanian Government geophysical data which recently became available.

The interpretation and modelling has produced exciting results, showing the HIUC rocks occur over a far greater strike length than previously thought. This work enabled the prospectivity of Haneti for nickel sulphide mineralisation to be enhanced significantly, at minimum cost, and

providesa more detailed picture of the sub-surface extent and geological structure. This will assist us in implementing a more focused drilling programme."

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