Funding Update

1 September 2014

Bellzone Mining plc

("Bellzone" or "the Company")

Funding Update

Bellzone Mining plc (AIM: BZM) announces that it has been informed that it will be advanced US$750,000 by China Sonangol International (S) Pte Ltd ("China Sonangol") under the Loan Agreement announced on 18 August 2014, bringing the amount drawn down under the Loan Agreement to US$1.5 million. The Company and China Sonangol remain in discussions to reach agreement on the final satisfaction on all conditions of the Loan Agreement.

This funding of US$750,000 is expected to allow the Company to continue operations until mid-September.

Enquiries:

Bellzone Mining plc

Peta Baldwin, Corporate Affairs +44 (0) 1534 513 500

Investec Securities

Nominated Advisor and Broker

Chris Sim / George Price / Jeremy Ellis +44 (0) 20 7597 5970

Bell Pottinger

Financial Public and Investor Relations

Daniel Thole +44 (0) 20 7861 3232