Vanadium - Mining Right Application Submitted

16 March 2015

Bushveld Minerals Ltd

("Bushveld" or the "Company")

Bushveld Vanadium Project Update - Submission of Mining Right Application

Bushveld Minerals (AIM: BMN), a diversified mineral development company with projects in Africa, advises that an application for a Mining Right in terms of section 22 of the Mineral & Petroleum Resources Development Act, 2002 ("the MPRDA") was submitted and accepted by the Department of Mineral Resources ("the DMR") on Friday 12 March 2015. While the Mining Right Application is primarily focused on the Bushveld Vanadium Project, it also covers a range of minerals including titanium and iron ore (subjects of the PQ Iron Ore and Titanium project), phosphate (subject of Bushveld's phosphate deposit), platinum group metals and other minerals.

Fortune Mojapelo, the CEO of Bushveld said, "We are delighted to reach this important milestone for the Bushveld Vanadium Project. Efforts now turn to ensuring that the Mining Right Application is processed expeditiously. Meanwhile, the feasibility study on the vanadium project continues apace and the Company looks forward to providing updates as it progresses."

Contact

For further information on Bushveld please visit http://www.bushveldminerals.com or contact:

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Notes to the editor

Bushveld Minerals Limited is a mineral development company with a portfolio of vanadium-and titanium bearing iron ore and tin assets in Southern Africa. The Company owns the Bushveld Vanadium Project, P-Q Iron Ore and Titanium Project and Mokopane Tin Project, all located on the northern limb of the Bushveld Complex, South Africa. In addition, Bushveld has a controlling interest in Lemur Resources (ASX: LMR), that owns the Imaloto coal project in Madagascar.

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