HIGHLIGHTS  

• Mining Concession granted by the cadastre division of the National Department for Mines ('NDM'), Mozambique, for the Tete pig iron and ferro-­‐vanadium project;
• The Mining Concession is valid for a period of 25 years and renewable for a further 25 years;
and
• Baobab is also working with the DNM to finalise a Mining Contract for presentation to the Council of Ministers which is on target for receipt before the end of January, 2015.

Baobab Resources Plc (AIM: BAO) ('Baobab' or the 'Company'), is pleased to announce that its Mining Concession overlying the Tete pig iron and ferro-­‐vanadium project has been granted by the cadastre division of the NDM and has been assigned concession number 7055C. The Mining Concession is valid for a period of 25 years and renewable for a further 25 years.

In parallel, the Company is working with the NDM to finalise a Mining Contract for presentation to the Council of Ministers. Baobab filed its Mining Title Application and submitted a Mining Contract for NDM review on 19 November, 2014. The Company continues to target receipt of its Mining Contract before the end of January, 2015.

Ben James: Managing Director+258 21 486 404Jeremy Dowler: Chairman+44 1372 450529Frank Eagar: Finance Director

Canaccord  Genuity  Limited                                                                                                Neil Elliot Chris Fincken

+44 207 523 8308

Tavistock                                                                                                                                                                 +44 207 920 3150 Financial Public Relations

Emily Fenton / Nuala Gallagher


participatory interest. The Company has been listed on the AIM of the London Stock Exchange (ticker BAO) since 2007.

AIM ANNOUNCEMENT | 18 DECEMBER 2014 Page 1 of 1

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