Katanga Mining Limited (TSX:KAT) ("Katanga" or the "Company") at the request of the Investment Industry Regulatory Organization of Canada (IIROC), on behalf of the Toronto Stock Exchange, states that Katanga is not aware of any circumstances that may be contributing to the recent increase in market price and the level of trading activity of the common shares of the Company.

About Katanga Mining Limited

Katanga Mining Limited operates a major mine complex in the Democratic Republic of Congo producing refined copper and cobalt. The company has the potential to become Africa's largest copper producer and the world's largest cobalt producer. Katanga is listed on the Toronto Stock Exchange under the symbol KAT.