BUFFALO COAL CORPORATION - Buffalo Coal Announces Director Resignation

Buffalo Coal Announces Director Resignation

Buffalo Coal Corp.
Incorporated in Canada and the Republic of South Africa
(Registration number: 2011/011661/10)
Share code TSX Venture Exchange: BUF
Share code JSE Limited: BUC
ISIN: CA1194421014
(“Buffalo Coal Corp.” or “the Group” or “the Company”)



                 BUFFALO COAL ANNOUNCES DIRECTOR RESIGNATION
TORONTO, ONTARIO – Marketwired – December 18, 2020: Buffalo Coal Corp. (TSXV: BUF; JSE: BUC)
(“Buffalo” or “the Company”) announces the resignation of Mr. Robert Francis, Independent Non-
Executive Director and the Audit Committee Chairman, as he had tendered his resignation to the
Company, with the effective date on December 31, 2020. The Company would like to thank Mr. Francis
for his valued contribution to the Company and wishes him success in his future endeavours.

The Board has commenced a process of identifying a suitable replacement and shareholders will be
advised as soon as such appointment has been made.

About Buffalo

Buffalo is a coal producer in southern Africa. It holds a majority interest in two mines through its 100%
interest in Buffalo Coal Dundee, a South African company which has a 70% interest in Zinoju. Zinoju
holds a 100% interest in the Magdalena bituminous mine and the Aviemore anthracite mine in South
Africa. Buffalo has an experienced coal-focused management team.

The Company has its primary listing on the TSX Venture Exchange ("TSXV”) and has a secondary listing
on the Alternative Exchange (“AltX”), operated by the JSE Limited.

FOR FURTHER INFORMATION PLEASE CONTACT:

Emma Oosthuizen                                         Willie Bezuidenhout
Chief Executive Officer                                 Chief Financial Officer
Email: emma.oosthuizen@buffalocoal.co.za                Email: willie.bezuidenhout@buffalocoal.co.za

21 December 2020

Designated Advisor:

Questco Corporate Advisory Proprietary Limited

Date: 21-12-2020 04:05:00
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