BUFFALO COAL CORPORATION - Update on unprotected strike action at Aviemore mine

Update on unprotected strike action at Aviemore mine

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”)


           UPDATE ON UNPROTECTED STRIKE ACTION AT AVIEMORE MINE

TORONTO, ONTARIO – Marketwired – April 12, 2021: Buffalo Coal Corp. announces that, further to the
Company’s announcement “Unprotected strike action at Aviemore mine”, that production activities
resumed at Aviemore mine on April 12, 2021.

All employees who participated in the unprotected strike action vacated the Company’s premises during
the early hours of April 10, 2021 in a safe and orderly manner without incident.

Discussions between the Company and recognized trade unions, facilitated by the Commission for
Conciliation, Mediation and Arbitration (“CCMA”), aimed at seeking an amicable solution acceptable to
all parties, are ongoing.


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:

Emma Oosthuizen
Chief Executive Officer
Email: Emma.Oosthuizen@buffalocoal.co.za
Registered office:

Greytown Road, Industrial Area
Dundee
Kwazulu-Natal
3000

12 April 2021

Designated Advisor:
Questco Corporate Advisory Proprietary Limited

Date: 12-04-2021 05:27:00
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