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Buffalo Coal Corp. (TSXV: BUF) ("Buffalo Coal Corp." or "the Group" or "the Company" or "the Issuer") advises that Mr. Craig Wiggill, Director and Chairperson of the board of directors of Buffalo Coal ("the Board"), has elected to resign his positions on the Board pursuant to the Change of Control clause in his contract, effective from August 23, 2022.

The Board wishes to thank Mr. Wiggill for his valuable contributions to the Company spanning close to a decade and wish him every success in his future endeavours.

About Buffalo Coal

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 Proprietary Limited, a South African company which has a 70% interest in Zinoju Coal Proprietary Limited ("Zinoju"). Zinoju holds a 100% interest in the Magdalena bituminous mine, the Aviemore East anthracite mine and the Balgray and North Adit anthracite projects 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.

FOR FURTHER INFORMATION PLEASE CONTACT:

Ms. 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/134742

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BUF:CA
Buffalo Coal Announces Investec Consent Received for Assignment of RCF Convertible Debt

Buffalo Coal Announces Investec Consent Received for Assignment of RCF Convertible Debt

Buffalo Coal Corp (TSXV: BUF) ("Buffalo Coal Corp." or "the Group" or "the Company" or "the Issuer") advises its shareholders that Belvedere Resources DMCC ("Belvedere") has received written consent from Investec Bank Ltd to assign the convertible debt ("the Loan") of USD 27,000,000 (twenty-seven million United States dollars) purchased from Resource Capital Fund V L.P. ("RCF") for a consideration of USD 2,000,000 (two million United States dollars) ("the Transaction") in Belvedere's favour.

This transaction was first announced on June 15, 2022 and the Company is now in the process of transferring the Loan from RCF to Belvedere.

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Investec Consent for Assignment of RCF Convertible Debt and Repayment of Various Investec Loan Facilities

Investec Consent for Assignment of RCF Convertible Debt and Repayment of Various Investec Loan Facilities

Buffalo Coal Corp. (TSXV: BUF) advises its shareholders that, as previously reported on June 15, 2022, Resource Capital Fund V L.P. ("RCF") sold the convertible debt ("the Loan") of USD 27,000,000 (twenty seven million United States dollars) to Belvedere Resources DMCC ("Belvedere") for a consideration of USD 2,000,000 (two million United States dollars) ("the Transaction").

In accordance with the terms of the Transaction, Belvedere was required to obtain a written consent ("the Consent") from Investec Bank Ltd ("Investec") on or before August 31, 2022 to assign the Loan in Belvedere's favour. While Investec is considering the request for providing the contemplated Consent, RCF and Belvedere have mutually agreed to extend the deadline for obtaining the Consent to October 31, 2022.

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Buffalo Coal Corp. Announces Appointment of Non-Executive Director and Chairperson

Buffalo Coal Corp. Announces Appointment of Non-Executive Director and Chairperson

Buffalo Coal Corp. (TSXV: BUF) ("Buffalo Coal Corp." or "the Group" or "the Company" or "the Issuer"). The Company advises its shareholders of the appointment of Mr Tushar Agrawal as a non-executive director and Chairperson of the board of directors of Buffalo ("the Board") with immediate effect.

Mr Agrawal is the ultimate beneficial owner of Belvedere Resources DMCC, the largest shareholder of the Company. Mr Agrawal has a Business Administration degree from HR College in Mumbai and possesses extensive experience in both international and South African coal markets with entrepreneurial involvement in the exploration, mining, trading, beneficiation, shipping and logistics of coal.

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Resignation of Chief Financial Officer

Resignation of Chief Financial Officer

Buffalo Coal Corp. (TSXV: BUF) would like to advise its shareholders of the resignation of Mr. Willie Bezuidenhout as the Chief Financial Officer ("CFO") of the Company, effective from September 18, 2022. The board of directors of Buffalo Coal ("the Board") wishes to thank Willie for his contributions to the Company and wish him every success in his future endeavours.

The Board has commenced the process of identifying and appointing a successor to Willie. As an interim measure the Board has taken the decision to appoint Ms. Emma Oosthuizen, the current Chief Executive Officer ("CEO") of Buffalo Coal as interim CFO from September 18th, 2022 until a new CFO is appointed. Emma has fulfilled the role of CFO at Buffalo Coal before taking up the role as CEO of the Company.

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Acquisition of Majority Stake in Buffalo Coal Complete

Acquisition of Majority Stake in Buffalo Coal Complete

Buffalo Coal Corp. (TSXV: BUF) announces that, further to the transaction between Resource Capital Fund V L.P. ("RCF V") and Belvedere Resources DMCC ("Belvedere") for the transfer of ownership of RCF V's securities holdings in the Company as previously announced in the press release of the Company dated as of June 15, 2022, that all administrative matters required to give effect to the transaction were completed on August 5, 2022.

The Company further advises that engagements with Investec Bank Limited, as previously announced in the press release of the Company dated as of July 5, 2022 are ongoing.

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Accelerate Resources Limited

New Targets Identified At East Pilbara Lithium Project Sampling Program Planned

Accelerate Resources Limited (ASX:AX8) ("AX8" or the “Company") is pleased to provide an exploration update on the Company’s Lithium projects in the East Pilbara.
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What are Prefeasibility and Feasibility Studies? (Updated 2022)

What are Prefeasibility and Feasibility Studies? (Updated 2022)

Resource investors new to the market might see quite a few unfamiliar phrases in news releases. Prefeasibility and feasibility studies are definitely two key mining terms to know.

Prefeasibility and feasibility studies are inherently linked to each other — understanding their differences creates a clearer idea of what they are and how they’re used. Their key similarity is that they represent milestones for mining and exploration companies.

On that note, let’s take a closer look at what exactly prefeasibility and feasibility studies are, as well as how they fit into company plans and the lifecycle of a mining project.

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Blue Lagoon Hits 126 g/t Au and 404 g/t Ag at Chance

Blue Lagoon Hits 126 g/t Au and 404 g/t Ag at Chance

Blue Lagoon Resources Inc. (the "Company") (CSE:BLLG; FSE:7BL; OTCQB:BLAGF) is pleased to announce significant mineralized intercepts from the first holes of the Phase Two 2022 drill program on its all year-round and road accessible Dome Mountain Gold Project, located a short 50-minute drive from Smithers, British Columbia. Drill results include 126 gt Au and 404 gt Ag over 0.41 meters from the Chance Structural Zone (CSZ) in hole DM-22-247

"While drilling the mineralized flat structural zone in the CSZ ("Flat Chance") we have encountered what we believe to be a new vein system of higher grade than those hosted in the Flat Chance Structure", said Bill Cronk, Chief Geologist for Blue Lagoon Resources. "The Flat Chance Structure has been drilled down dip for 400 meters and along strike for 200 meters and the structure has been hit in all holes so far. This structural zone ranges from less than 1 meter up to 15 meters thick which may host multiple gold mineralized veins and attendant alteration. Our drilling to extend along strike also intersected a new structure that lies orthogonal to the Flat Chance Structure and appears, at least initially, much higher grade, and offers another opportunity to develop additional mineralized resources at Dome Mountain."

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Decklar Announces New Arrangements for Delivery and Export of Crude Oil From Oza Oil Field

Decklar Announces New Arrangements for Delivery and Export of Crude Oil From Oza Oil Field

Decklar Resources Inc. (TSX-V: DKL) (OTCQX: DKLRF) (FSE: A1U1) ( the "Company" or "Decklar") is pleased to provide an update on operational activities relating to the transportation and export of crude oil produced from the Oza Oil Field in Nigeria.

Decklar and its co-venturer Millenium Oil & Gas Company Limited ("Millenium") are pleased to announce that the 7,800 barrels of crude oil ("bbls") previously delivered to the Umugini Pipeline Infrastructure Limited crude handling facilities has now been delivered to the Forcados crude oil export terminal. The 7,800 bbls are ready for export pending the completion of certain repairs to the offshore loading system. In the meantime, an additional 30,000 bbls has been produced from the Oza Oil Field and is currently being stored in tanks at the Oza-1 wellsite. These 30,000 bbls will be the initial barrels transported to the new export facilities, as detailed below. Once part of this crude has been shipped from the Oza Oil Field tanks, the Oza-1 well will be brought back onto production, with the ultimate goal being the provision of a stable, ongoing supply of crude oil into new alternative export facilities.

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Anson Resources

Successful $50 Million Placement To Accelerate Development Of Paradox Lithium Project

Anson Resources Limited (ASX: ASN, ASNOC) (“Anson” or the “Company”) is pleased to announce that it has received binding commitments from institutional and sophisticated investors to raise $50 million through a single tranche placement (“Placement”).

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