Nyota Minerals Regulatory News (NYO)

16 July 2015

Nyota Minerals Limited ("Nyota" or the "Company")

PLACEMENT COMPLETED AND TVR

The Directors of Nyota Minerals Limited ('Nyota' or the 'Company') advise that it has completed the placement of 545,454,545 ordinary shares to various institutional investor clients of Smaller Company Capital Ltd at an issue price of £0.00055 (0.055 pence) to raise approximately A$600,000. The funds raised will be used for working capital and to advance the Company's Italian nickel project.

An Appendix 3B in relation to the above, and the issue of 27,272,727 options exercisable at £0.002 on or before 1 March 2017 being a capital raising fee, is attached.

Section 708 Notice

The Company issues this notice pursuant to Section 708A(5)(e) of the Corporations Act in relation to the 545,454,545 Nyota Shares issued.

The Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act, in reliance on Section 708(8) of the Corporations Act. The Company, as at the date of this notice, has complied with:

(a) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

(b) Section 674 of the Corporations Act.

As at the date of this notice, there is no excluded information for the purposes of Sections 708A(7) and (8) of the Corporations Act in relation to the Company.

Total Voting Rights

Following the issue of the 545,454,545 new Ordinary Shares, the total number of Ordinary Shares in issue with voting rights will be 1,502,603,672. This figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change of interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

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

Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.

** ENDS **