Katanga Mining Limited has entered into a management services agreement with Glencore International AG. Katanga is also announced that Danny Callow has been appointed as Chief Executive Officer and director of Katanga and Paul Smith has been appointed as Chief Financial Officer of Katanga. The executive services of Messrs.

Callow and Smith are being provided to Katanga by GIAG pursuant to the management services agreement. Danny Callow is the Head of Africa Copper Operations of Glencore International, a position he has held since January 1, 2015. Prior to that, Mr. Callow served as the Chief Executive Officer of Mopani Copper Mines Plc, a Glencore subsidiary, from September 2011 until December 2014.

Paul Smith joined Glencore plc in July 2011 and is the Head of Strategy of Glencore Plc, a position he has held since 2013. Mr. Smith joined Glencore from Marshall Wace, where he was an analyst and portfolio manager, overseeing the mining, basic materials and capital goods sectors since 2005. Grant Sboros, the Company's current Chief Financial Officer, will continue in his role as Site Chief Financial Officer of Katanga's 75% owned operating subsidiary, Kamoto Copper Company SA ("KCC").

Samuel Rasmussen, the Company's current Chief Operating Officer, will assume the role of Managing Director of Operations at KCC. The Company's current Chief Executive Officer, Johnny Blizzard, has resigned from the Company with effect from January 16, 2019 in accordance with the previously announced settlement agreement with Staff of the Ontario Securities Commission.