BUFFALO COAL CORPORATION - Appointment of Independent Non-Executive Director and Audit Committee Chairman

Appointment of Independent Non-Executive Director and Audit Committee Chairman

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 “Buffalo” or “the Group” or “the Company”)

    APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND AUDIT
                       COMMITTEE CHAIRMAN

TORONTO, ONTARIO – Marketwired – January 20, 2021: Buffalo Coal Corp. announces that, further to
previous communications around the resignation of Mr Robert Francis as independent non-executive
director and Audit Committee Chairman, the Board of directors of Buffalo Coal (“the Board”) is pleased
to confirm the appointment of Mr Rory Taylor as independent non-executive Board member and Audit
Committee Chairman, with effect from 22 January 2021.

Mr Taylor, a Canadian resident, is a chartered accountant (South Africa) and seasoned finance executive
with a track record of capable financial leadership in mining companies. Over the past 10 years he has
held senior finance positions at Banro Corporation Ltd, Aura Minerals Inc. and Endeavour Mining
Corporation.

Craig Wiggill, the Chairman, commented as follows: “We are pleased that Rory has accepted our
invitation to join the Buffalo Coal Board. Both our Board and management team look forward to working
closely with him and taking benefit from both his experience and skills, which are closely aligned with
Buffalo Coal’s requirements."

About Buffalo

Buffalo is a coal producer in South Africa. It holds a majority interest in two operating 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 Coal 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:

Craig Wiggill
Chairman of the Board
Email: craig@wiggill.co.uk

Registered office:

Greytown Road, Industrial Area
Dundee
Kwazulu-Natal
3000

20 January 2021

Designated Advisor:

Questco Corporate Advisory Proprietary Limited

Date: 20-01-2021 05:25:00
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