Share Buyback

2 November 2015

Bushveld Minerals Limited

("Bushveld" or the "Company")

Share Buyback

Bushveld Minerals Limited (AIM: BMN), a diversified mineral development company with projects in Africa, has been notified today that 150,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") were repurchased through the Company's Broker Mirabaud Securities LLP ("Mirabaud") at a price of 3.28 pence per share on 30 October 2015, pursuant to the authority granted to Mirabaud as detailed in the announcement of 30 September 2015. All repurchased shares will be held in Treasury.

Following this transaction, the issued share capital of the Company will be 486,337,438 Ordinary Shares of which 720,000 Ordinary Shares are held in Treasury.

For reporting purposes, the market should exclude any shares held in Treasury and should use the figure of 485,617,438 Ordinary Shares (the issued voting share capital) when determining if they are required to notify their interest, or a change of their interest in the Company.

Enquiries: info@bushveldminerals.com

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Notes to editors

Bushveld Minerals Limited is a mineral development company with a portfolio of vanadium-and titanium bearing iron ore, tin and coal assets in Southern Africa and Madagascar.

The Group owns the Bushveld Vanadium Project, Mokopane Vanadium Project, Bushveld Iron Ore Project and Mokopane Tin Project, located on the northern limb of the Bushveld Complex, South Africa. Bushveld also owns the Imaloto coal project in Madagascar, acquired in September, 2015, through its takeover of Lemur Resources.

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