Propsed Adjournment of Annual General Meeting (4188B)

TIDMKIBO

RNS Number : 4188B

Kibo Mining Plc

17 April 2012

KIBO MINING PLC

Proposed Adjournment of Annual General Meeting

Dated: 17 April 2012

Kibo Mining plc ("Kibo" or the "Company") (AIM: KIBO; AltX: KBO), the Tanzania focused mineral exploration and development company, proposes to adjourn its Annual General Meeting scheduled for 3 p.m. on Friday, 27(th) April 2012 at the Hotel Meyrick, Eyre Square, Galway, Ireland to 2 p.m. on Thursday, 31(st) May 2012 at the same venue.

The proposed adjournment of the Annual General Meeting is required due to service difficulties outside the control of the Company, whereby some Shareholders have not received the Notice of Annual General Meeting within the required timescales. A revised Notice of Annual General Meeting will be posted to all Shareholders this week.

Enquiries:

 
 Louis Coetzee    [phone]    Kibo Mining plc              Chief Executive 
                                                                            Officer 
 Noel O'Keeffe    [phone]    Kibo Mining plc         Exploration Director 
 John Simpson     [phone]       Zeus Capital Limited       Nominated Advisor 
                   8912 
 Andreas Lianos   [phone]    River Group               Designated Advisor 
 Nick Bealer      [phone]   Cornhill Capital           Broker (Corporate 
                                        Ltd                                Broking) 
 Andrew Frangos   [phone]   Cornhill Capital           Broker (Corporate 
                                        Ltd                                Finance) 
 Matt Beale       [phone]      Fortbridge Consulting       Public Relations 
                   196                  UK 
 

Updates on the Company's activities are regularly posted on its website www.kibomining.com

Notes to Editors:

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

The mineral assets of the Company comprise three projects in Tanzania - Haneti (nickel, platinoid elements and gold), Morogoro (Gold) and Lake Victoria (Gold) which give Kibo access to over 18,000 km(2) 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

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.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCIFMJTMBBBBPT