Buffalo Coal Corporation (JSE:BUC) News - Buffalo Coal Announces Annual General and Special Meeting Results

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 "the Company")

BUFFALO COAL ANNOUNCES ANNUAL GENERAL AND SPECIAL MEETING RESULTS

TORONTO, ONTARIO – June 17, 2022: Buffalo Coal Corp. is pleased to announce that, at the Company’s
annual and special general meeting held on Monday, 13 June 2022 (the “Meeting”), all resolutions
proposed, as set out in the Company’s management information circular dated 17 May 2022, were duly
passed by the shareholders of the Company (the “Shareholders”).

The Company’s financial statements for the financial year ended December 31, 2021, together with the
auditor’s report thereon, were presented to the Shareholders for review at the Meeting. No vote by the
Shareholders was required with respect to this matter.

The resolutions approved by the Shareholders are as follows:

    •   Shareholders unanimously re-elected Craig Wiggill, Rory Taylor and Edward Scholtz as directors
        of the Company for the ensuing financial year;
    •   McGovern Hurley LLP was unanimously re-appointed as the Company’s auditor for the ensuing
        financial year; and
    •   the Company’s amended and restated stock option plan was also re-approved.

The Company’s board of directors and management would like to thank all shareholders for their
support and confidence.

About Buffalo Coal
Buffalo Coal is a coal producer in South Africa. It holds a majority interest in two operating mines
through its 100% interest in Buffalo Coal Dundee, a South African company which has a 70% interest in
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 management team.

The Company has its primary listing on the TSX Venture Exchange ("TSXV”) and has a secondary listing
on the Alternative Exchange (“AltX”), operated by the JSE Limited. Buffalo Coal trades under the symbol
“BUF” on the TSXV and “BUC” on the AltX.

Neither the TSXV, nor its regulation services provider (as that term is defined in the policies of the
exchange), accepts responsibility for the adequacy or accuracy of this release.

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

17 June 2022

Designated advisor:
Questco Corporate Advisory Proprietary Limited

Date: 17-06-2022 05:00:00
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