Further Kabwe Project Update

Jubilee Metals Group PLC

Registration number (4459850)

AltX share code: JBL

AIM share code: JLP

ISIN: GB0031852162

Further Kabwe Project Update

Jubilee Metals Group PLC and BMR Group PLC (AIM: BMR) have agreed to extend the deadline for formalisation of their joint venture, pending the outcome of the ongoing appeal by BMR against the cancellation of its mining right in respect of the Kabwe operation from 31 March 2018 until the later of 30 April 2018 and the date falling 10 days after the date on which the mining right is restored.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Contacts

Jubilee Metals Group PLC

Colin Bird/Leon CoetzerTel +44 (0) 20 7584 2155 / Tel +27 (0) 11 465 1913Andrew SarosiTel +44 (0) 1752 221937

Nominated Adviser

SPARK Advisory Partners LimitedMark Brady/Andrew EmmottTel: +44 (0) 203 368 3555

Broker

Shard Capital Partners LLPDamon Heath/Erik WoolgarTel +44 (0) 20 7 186 9900

JSE Sponsor

Sasfin Capital (a member of the Sasfin group)

Sharon OwensTel +27 (0) 11 809 7500