Mukuba Provides Geological and Financing Update

Editors Note: There is a map associated with this press release.

Mukuba Resources Limited (TSX VENTURE:MKU) ("Mukuba" or the "Company") is
pleased to provide an update on the exploration program on the Cominex Copper
Project ("Cominex Project", previously referred to as the Benzu Project), a
joint venture with Benzu Resources Limited ("Benzu Resources"). The Cominex
Project, which is approximately 165 km2 in size, is located in the Katanga
Copper Belt region in the Democratic Republic of Congo ("DRC"). It is adjacent
to the eastern boundary of the Tenke-Fungurume mining concession, which is
operated by Freeport-McMoRan Copper & Gold Inc. ("Freeport") and owned by
Freeport, Lundin Mining Corporation and La Generale des Carrieres et des Mines
("Gecamines"). Benzu Resources, the operator of the Cominex Project, has
provided an exploration update to the Company.


In June 2012, a shallow reverse circulation drilling program was commenced on
the Nkome and Kitete-Salabwe prospects within the Cominex Project license area.
The two target areas are covered by thick alluvium and lateritic material and
the drilling program was designed as a systematic geochemical sampling campaign
across these two prospects on a 500m x 100m grid. It is anticipated that the
program will help to identify a number of targets that can be subsequently drill
tested in due course. The samples collected were assayed internally by a
hand-held Niton device at the camp; selected samples will be submitted to an
internationally reputed laboratory for full geochemistry analyses. Results from
the Niton device to date show at least three emerging drill targets that occur
close to the mapped Mine Series (Roan) and to structures identified from
aeromagnetic data and mapping, see Figure 1.


"I am encouraged by the positive results reported by the Benzu Resources team,"
said Kelly Ehler, President and CEO of Mukuba. "The shallow reverse circulation
soil sampling program continues to add support to Benzu Resources' and our
premise that the structures that host copper mineralization at the
Tenke-Fungurume mine continues eastwards under the alluvium cover in to the
Cominex Project area."


As at August 31, 2012, a total of 5,810 drill metres were completed over 381
holes at shallow depths. As at the date of this press release, the Company has
funded expenditures of US$1,891,861 towards the Cominex Project and earning a
25.5% interest in Benzu DRC Copper Inc., which owns 70% of the Cominex Project.
Geochemical soil sampling will continue until the rainy season in DRC begins in
mid-October. The Company will provide additional exploration updates in due
course.


Mukuba is also pleased to announce that the additional $199,800 has been
received to complete the previously announced closing of approximately
$1,500,000 private placement. The 1,665,000 units issued as part of this final
remaining subscription may not be traded before January 19, 2013. The closing of
the offering is subject to final acceptance by the TSX Venture Exchange.


The Cominex Project is operated by Benzu Resources, an African-focused
exploration and development company. Management of the Company understands that
Benzu Resources Limited has an established geological team targeting unique
resource opportunities to maximize asset potential utilizing the skills and
experience of an experienced management team.


About the Company

Mukuba is a Canadian exploration and development company primarily focused on
copper and other base metal assets in Africa. Mukuba holds a 100% interest in
the Northcore Project. The Northcore project covers 2,209 km2 on the Central
African Copperbelt and is prospective for copper and cobalt. Mukuba has also
signed a joint venture agreement with Benzu Resources Limited to explore and
develop the Cominex Project. The Cominex Project, which is approximately 165 km2
in size, is located in the Katanga Copper Belt region in the Democratic Republic
of Congo ("DRC"). It is adjacent to the eastern boundary of the Tenke-Fungurume
mining concession, which is operated by Freeport and owned by Freeport, Lundin
Mining Corporation and Gecamines.


Forward-looking Information

Securities regulators encourage companies to disclose forward-looking
information to help investors understand a company's future prospects. This
press release contains statements about our future business and planned
activities, including matters relating to the Offering. These are
"forward-looking" because we have used what we know and expect today to make a
statement about the future. Forward-looking statements usually include words
such as may, intend, plan, expect, anticipate, believe or other similar words.
We believe the expectations reflected in these forward-looking statements are
reasonable. However, actual events and results could be substantially different
because of the risks and uncertainties associated with our business or events
that happen after the date of this press release. You should not place undue
reliance on forward-looking statements. As a general policy, we do not update
forward- looking statements except as required by securities laws and
regulations.


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