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 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.