Katanga Mining Provides an Update on Legal Proceedings Commenced by Gécamines

All forward-looking statements reflect the Company's beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company's forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements. The key assumptions that have been made in connection with the forward-looking statements include the following: the decision from the Supreme Court of the DRC allowing KCC to seek a judicial determination based on a legitimate suspicion proceeding on May 4, 2018 and the subsequent suspension of the Capital Deficiency Proceedings by the Kolwezi Court will not result into the withdrawal of the Capital Deficiency Proceedings; the Company's belief that the a mutually agreeable resolution of the disputes is possible and may allow the capital deficiency situation of KCC to be resolved in a mutually beneficial manner; the Company's belief that it can avoid the dissolution of the Company through negotiations or on its own initiative; and the Supreme Court will rule solely as to whether the matter should be relocated to another DRC court and will not render a decision on any other matter.

Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others: the outcome of the legal proceedings between Gécamines and the Company being uncertain and subject to the discretion of the applicable Court, which is beyond the control of the Company; and the breakdown of negotiations or the failure to reach a mutually beneficial resolution to the matters in dispute. Although Katanga has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise, except in accordance with applicable securities laws.

SOURCE Katanga Mining Limited