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Appointment of non-executive director and Chairperson

Published: 2022-08-25 18:30:28 ET
<<<  go to JSE:BUC company page
BUFFALO COAL CORP.
Registration number: 001891261
External company registration number: 2011/011661/10
Share code on the TSX Venture Exchange: BUF
Share code on the JSE Limited: BUC
ISIN: CA1194421014
("Buffalo Coal" or “Buffalo” or “the Group” or "the Company" or “the Issuer”)

APPOINTMENT OF NON-EXECUTIVE DIRECTOR AND CHAIRPERSON
August 25, 2022: Buffalo Coal advises its shareholders of the appointment of Mr Tushar Agrawal as a non-
executive director and Chairperson of the board of directors of Buffalo (“the Board”) with immediate
effect.

Mr Agrawal is the ultimate beneficial owner of Belvedere Resources DMCC, the largest shareholder of the
Company. Mr Agrawal has a Business Administration degree from HR College in Mumbai and possesses
extensive experience in both international and South African coal markets with entrepreneurial
involvement in the exploration, mining, trading, beneficiation, shipping and logistics of coal.

The directors of the Company welcome Mr Agrawal to the Board and look forward to working closely with
him in the furtherance of the Company’s goals.

About Buffalo Coal

Buffalo is a coal producer in South Africa. It holds a majority interest in two operating mines through its
100% interest in Buffalo Coal Dundee Proprietary Limited, a South African company which has a 70%
interest in Zinoju Coal Proprietary Limited (“Zinoju”). Zinoju holds a 100% interest in the Magdalena
bituminous mine, the Aviemore East anthracite mine and the Balgray and North Adit anthracite projects
in South Africa. Buffalo Coal has an experienced coal-focused Board and Management team.
The Company has its primary listing on the TSX Venture Exchange and has a secondary listing on the
Alternative Exchange, operated by the JSE Limited.

FOR FURTHER INFORMATION PLEASE CONTACT:

Ms Emma Oosthuizen
Chief Executive Officer
Email: emma.oosthuizen@buffalocoal.co.za

Registered office:
Greytown Road
Industrial Area
Dundee
KwaZulu-Natal
3000

25 August 2022

Designated advisor:
Questco Corporate Advisory Proprietary Limited