Kibo Signs Memorandum of Understanding with GE International Inc.

16 September 2016

Kibo Mining plc ('Kibo' or the 'Company') (AIM: KIBO; AltX: KBO), the Tanzania focused mineral
exploration and development Company is pleased to announce that it has signed a Memorandum of
Understanding ('MOU') with General Electric International Inc ('GE'), with respect to the
development of the Mbeya Coal to Power Project ('MCPP' or 'the Project'). The MOU provides for
GE and its affiliate companies ('GE Group') to supply equipment, technology and services to the
MCPP power plant, in addition to exploring opportunities where it can assist Kibo in bringing the
Project to successful financial close. Kibo and GE are in discussions to set out in detail the terms and
conditions of their collaboration into a binding agreement.

Louis Coetzee, CEO of Kibo Mining, said: 'We are extremely pleased that we have established this
relationship with GE, one of the largest and technologically advanced companies in the World. We
are looking forward to working with GE and benefitting from its expertise and reputation in the
power sector.'

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