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Abstract
(CCNMatthews - May 4, 2007) - Central African Mining & Exploration Company Plc ("CAMEC" or the "Company"), the AIM listed fully integrated exploration, mining, trading and investment company, is pleased to announce that it has entered into private agreements with select shareholders of Katanga Mining Limited ("Katanga"), pursuant to which CAMEC has agreed to acquire an additional 8,298,300 common shares of Katanga. Based on publicly available information, such shares represent 10.63% of the currently outstanding common shares of Katanga. These share purchase transactions are expected to close on 18 May 2007. Upon closing, taking into account the shares of Katanga currently held by CAMEC and those Katanga shares expected to be acquired pursuant to the share purchase transaction announced by the Company on April 27, 2007, CAMEC will own a total of 17,175,130 common shares of Katanga which, based on publicly available information, will represent 22% of the currently outstanding common shares of Katanga.