Bushveld Minerals Regulatory News (BMN)

24 January 2014

Bushveld Minerals Ltd

("Bushveld" or the "Company")

Issue of Equity

The Company has received application to exercise 2,000,000 warrants into ordinary shares of the Company. The warrants were issued during the recent fundraise for £1.25 million. The warrants are priced at 5p and will realise a further £100,000 of net funds to the Company.

Application has been made to the London Stock Exchange for the new ordinary shares to be admitted to trading on AIM from 8.00am on 30 January 2014 ("Admission").

Following Admission, there will be a total of 402,004,104 ordinary shares in issue. For the purposes of calculating Total Voting Rights shareholders may use this number as the total number of shares in issue from the date of Admission.

Enquiries: info@bushveldminerals.com

Notes to the editor

Bushveld Minerals Limited is a mineral development company with a portfolio of iron, tin and coal assets in Southern Africa. The Company owns the Bushveld Iron Ore Project and Mokopane Tin Project, both located on the northern limb of the Bushveld Complex, South Africa. In addition, Bushveld has a controlling 54.39% interest in Lemur Resources that owns the Imaloto coal project in Madagascar.

Bushveld was admitted to the AIM Market of the London Stock Exchange in March 2012.

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