Buffalo Coal Announces Annual General Meeting Results

Toronto, Ontario--(Newsfile Corp. - June 15, 2021) - Buffalo Coal Corp. (TSXV: BUF) ("Buffalo Coal Corp." or "Buffalo" or "the Group" or "the Company") is pleased to announce that, at the Company's annual and special meeting of shareholders held on Monday, 14 June 2021 (the "Meeting"), all resolutions proposed, as set out in the Company's management information circular dated 17 May 2021, were duly passed by the shareholders of the Company (the "Shareholders").

The resolutions approved by the Shareholders are as follows:

• Shareholders re-elected Craig Wiggill, Rory Taylor and Edward Scholtz as directors of the Company for the ensuing financial year;
• McGovern Hurley LLP was 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 the Shareholders for their support and confidence.

About Buffalo

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, a South African company which has a 70% interest in Zinoju. Zinoju holds a 100% interest in the Magdalena bituminous mine and the Aviemore anthracite mine in South Africa. Buffalo Coal has an experienced coal-focused 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.

Neither the Toronto Venture Exchange, 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:

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

Registered office:

Greytown Road, Industrial Area
Dundee
Kwazulu-Natal
3000

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/87632