Mukuba Strengthens Board and Management Team With Appointment of Ben Smit as Chief Executive Officer and Director

Mukuba Resources Limited ("Mukuba" or the "Company") (TSX VENTURE:MKU) is
pleased to announce changes to its board of directors and management team as the
Company focuses on the development of its Cominex Project joint venture in the
Democratic Republic of Congo (the "DRC").


Mr. Ben Smit has joined the Mukuba team as President, Chief Executive Officer
and Director.


Mr. Smit is the founder and was previously the CEO of Benzu Resources Limited.
("Benzu Resources"), Mukuba's joint venture partner at the Cominex Project, and
is Chairman of the board of directors of Aurigin Resources Inc. He has nearly 30
years of project management and business experience on the African continent.
Ben began his career in the resources sector managing mining and exploration
projects in Malawi, Zambia and Angola. Subsequently he was General Manager for
LSE-listed Petra Diamonds Ltd. in Angola, responsible for the entire spectrum of
exploration activities. He has an MBA from the University of Liverpool with a
focus on Western business on the African continent and is a Fellow of the
Institute for Leadership and Management. Ben will be resigning his position at
Benzu Resources in due course in order to lead the Mukuba team.


John Hawkrigg, Chairman of Mukuba, commented, "We are delighted that Ben has
agreed to join the Company as we advance the Cominex Project towards its maiden
resource. The Mukuba board of directors believes that Ben has a deep
understanding of the potential of the Cominex Project plus in-depth knowledge of
opportunities in the DRC. We have worked closely with Ben as joint venture
partners at the Cominex Project and are pleased to bring his experience and
insights to Mukuba for the benefit of all shareholders. Danny Keating and
Michael Smyth, who have concurrently resigned their positions as directors,
respectively, to allow Ben to immediately join the Mukuba board of directors,
have brought significant contributions and professionalism to Mukuba. We thank
them for their efforts and wish them every success in their future endeavours.
Kelly Ehler has concurrently resigned as CEO and will be immediately appointed
to the board and serve as audit committee chair in place of Michael Smyth and as
Corporate Secretary."


With these changes, the board of directors will be comprised of Ben Smit, Kelly
Ehler, John Hawkrigg, continuing director and Martin Horgan, continuing
director. Ben Smit replaces Kelly Ehler as CEO while Dan Crandall remains as
CFO.


Ben Smit, incoming CEO of Mukuba, commented, "I have worked closely with the
Mukuba team as joint venture partners at the Cominex Project and am excited to
bring out the potential of this project for the benefit of all Mukuba
shareholders. Mukuba is on track to earn its 51% interest in the Cominex joint
venture and I look forward to working with John and the entire Mukuba team to
demonstrate the inherent value we see at the Cominex Project."


Termination of Acquisition Agreement

Given all conditions of the transaction could not be satisfied, the Company
announces the termination of the Acquisition Agreement between it and Benzu
Resources dated January 16, 2013 and the related concurrent financing. No break
fees are payable in connection with the termination. 


Restructuring Fee

In connection with the reconstituted Mukuba team, the Company has agreed to pay
an unrelated party a restructuring fee of $100,000, payable by the issuance of
2,000,000 Mukuba shares (the "Restructuring Shares"). The fee relates to M&A and
corporate advisory services. The Restructuring Shares will have a hold period of
4 months and their issue is subject to approval by the TSX Venture Exchange.


About Mukuba 

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. 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. It is adjacent to the
eastern boundary of the Tenke-Fungurume mining concession, which is operated by
Freeport-McMoRan Copper & Gold Inc. and owned by Freeport, Lundin Mining
Corporation and Gecamines.


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. 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. 


The TSX Venture Exchange ("TSXV") has in no way passed upon the merits of the
proposed transaction and has neither approved nor disapproved of the contents of
this press release. This news release and the information contained herein does
not constitute an offer of securities for sale in the United States and
securities may not be offered or sold in the United States absent registration
or exemption from registration. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Mukuba Resources Limited
Ben Smit
President and CEO
[phone]
[phone] (FAX)
[e-mail]