Mr. Robert Wardell reports

KATANGA MINING ANNOUNCES RECEIPT OF MANAGEMENT CEASE TRADE ORDER

Katanga Mining Ltd.'s previously disclosed application for a management cease trade order (MCTO) under National Policy 12-203 has been approved by the Ontario Securities Commission. The MCTO prohibits the directors and executive officers of the company from trading in or acquiring securities of the company until two full business days after the company's 2017 second quarter filings and previously disclosed restated financial statements and related management's discussion and analysis are filed. The MCTO does not affect the ability of other persons to trade in the common shares of the company.

As previously disclosed, the company intends to satisfy the provisions of the alternative information guidelines as set out in NP 12-203, including the requirement to file biweekly status reports in the form of news releases containing prescribed updating information, until the company's 2017 second quarter filings and restated financial statements and MD&A are filed.

About Katanga Mining Ltd.

Katanga Mining operates a major mine complex in the Democratic Republic of the Congo producing refined copper and cobalt. The company has the potential to become Africa's largest copper producer and the world's largest cobalt producer.

We seek Safe Harbor.