Press Release- Acquisition Of New Exploration Licence In Zambeze Coal Basin -

摘要

Mozambi Coal Limited is pleased to announce that it has entered into a Memorandum of Understanding (“MOU”) with Xiluva Mineral Resources Limitada (“Xiluva”) to acquire 80% of exploration licence 2738L in the Tete Province, Mozambique. Exploration licence 2738L is located in the Zambeze coal basin in Mozambique, one of the world's largest undeveloped coal basins.