Zanaga Iron Ore Project Feasibility Study Update

15 April 2014

Zanaga Iron Ore Project Feasibility Study Update

Zanaga Iron Ore Company ("Zanaga" or the "Company") (AIM:ZIOC) is pleased to announce to shareholders that the Feasibility Study ("FS") on the Zanaga Iron Ore Project, located in the Republic of Congo, is currently in the final stages of completion and the results are expected to be published in early May 2014.

For further information please contact:

Zanaga Iron Ore

Corporate Development and Andrew Trahar

Investor Relations Manager +44 20 7399 1105

Liberum Capital Limited

Nominated Adviser, Financial Simon Atkinson

Adviser and Corporate Broker and Christopher Britton

+44 20 3100 2000

Bell Pottinger

Financial PR

Daniel Thöle

Marianna Bowes

+44 20 7861 3232

About us:

Zanaga Iron Ore Company Limited (AIM ticker: ZIOC) is the owner of 50% less one share in the Zanaga Iron Ore Project based in the Republic of Congo (Congo Brazzaville) through its joint venture partnership with Glencore Xstrata. The Zanaga Iron Ore Project is one of the largest iron ore deposits in Africa and has the potential to become a world-class iron ore producer.