An anonymous director reports

KATANGA MINING CONFIRMS NO CORPORATE DEVELOPMENTS

At the request of Investment Industry Regulatory Organization of Canada, on behalf of the Toronto Stock Exchange, Katanga Mining Ltd. has confirmed that, as of the date of this news release, there are no corporate developments that would cause the recent movements in the company's share price.

About Katanga Mining Ltd.

Katanga Mining operates a major mine complex in the Democratic Republic of the Congo producing refined copper and cobalt.