Baobab Resources Plc (AIM: BAO) ('Baobab' or the 'Company') is pleased to announce that its Mining Concession application overlying the Tete pig iron and ferro-­‐vanadium project has been accepted by the cadastre division of the National Department for Mines ('DNM') and has been assigned concession number 7055C. Once granted, the Mining Concession will be valid for a period of 25 years, renewable for a further 25 years.
Following a series of meetings with the DNM advisory team, the Company has also submitted a Mining Contract for review and presentation to the Cabinet of the Ministers. The Company is pursuing a timeline for the Mining Concession and Mining Contract to be granted before the end of January 2015.

All other exploration licences in the Company's portfolio have been prorogated for an additional year.

Ben James: Managing Director+258 21 486 404Jeremy Dowler: Chairman+44 1372 450529Frank Eagar: Finance Director

Canaccord  Genuity  Limited                                                                                                Neil Elliot Chris Fincken

+44 207 523 8308

Tavistock                                                                                                                                                                 +44 207 920 3150 Financial Public Relations

Emily Fenton / Nuala Gallagher

participatory interest. The Company has been listed on the AIM of the London Stock Exchange (ticker BAO) since 2007.

AIM ANNOUNCEMENT | 19 NOVEMBER 2014 Page 1 of 1