Nyota Minerals Regulatory News (NYO)

For immediate release 3 April 2017

Nyota Minerals Limited

("Nyota" or the "Company")

Company Update

Further to the announcement of 22 March 2017, the extraordinary general meeting originally scheduled for 21 March 2017 was adjourned to provide the directors of the Company with further time to consider a non-binding funding proposal that the Company had received ("Funding Proposal").

Nyota advises that, following due consideration by the directors, the Company has decided not to proceed with the Funding Proposal and will proceed, as scheduled, with the adjourned extraordinary meeting on Tuesday, 4 April 2017 at 5.30pm at Level 18, Grosvenor Place, 225 George Street, Sydney NSW 2000 ("Adjourned Meeting").

Any proxies submitted for the extraordinary general meeting originally scheduled for 21 March 2017 will remain valid for the Adjourned Meeting and the proxy may attend and vote at the Adjourned Meeting.

The directors of the Company are in the process of negotiating other sources of funding and will update the market in due course in accordance with its legal obligations.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 956/2014.

For further information please visit www.nyotaminerals.com or contact:

ENDS