Central African Mining & Exploration Company Plc Enters Into Agreement to Acquire Additional Shares of Katanga Mining Limited

Abstract

(CCNMatthews - April 27, 2007) - Central African Mining & Exploration Company Plc ("CAMEC" or the "Company"), the AIM listed fully integrated exploration, mining, trading and investment company, announces that it has entered into a private agreement with a shareholder of Katanga Mining Limited ("Katanga"), pursuant to which CAMEC has agreed to acquire an additional 1,619,500 common shares of Katanga. Based on publicly available information, such shares represent 2.07% of the outstanding common shares of Katanga. This share purchase transaction is expected to close on 11 May 2007. Upon closing, taking into account the shares of Katanga currently held by CAMEC, CAMEC will own a total of 8,876,830 common shares of Katanga which, based on publicly available information, will represent 11.37% of the currently outstanding common shares of Katanga.