TORONTO, ONTARIO--(Marketwired - July 4, 2016) - Buffalo Coal Corp. (TSX VENTURE:BUF) (JSE:BUC)
("Buffalo" or "the Company") announces the resignation of Mr. John Wallington from its Board of Directors ("the Board")
with effect from July 3, 2016.
Mr. Wallington has regretfully tendered his resignation from the Board due to a conflict of interest with other business
interests.
The Board would like to thank Mr. Wallington for his valued contribution to the Company and wishes him success in his future
endeavors.
About Buffalo
Buffalo is a coal producer in southern Africa. It holds a majority interest in two operating mines through its 100% interest
in Buffalo Coal Dundee (Pty) Ltd, a South African company which has a 70% interest in Zinoju Coal (Pty) Ltd ("Zinoju"). Zinoju
holds a 100% interest in the Magdalena bituminous mine and the Aviemore anthracite mine in South Africa. Buffalo has an
experienced coal-focused management team.
Cautionary Notes:
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation.
Forward-looking information includes, but is not limited to, statements with respect to the future financial or operating
performance of Buffalo and its projects. Generally, forward-looking information can be identified by the use of forward-looking
terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain
actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking
information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of
activity, performance or achievements of Buffalo to be materially different from those expressed or implied by such
forward-looking information, including but not limited to: general business, economic, competitive, foreign operations, political
and social uncertainties; a history of operating losses; delay or failure to receive board or regulatory approvals; timing and
availability of external financing on acceptable terms; not realizing on the potential benefits of the proposed transaction;
conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of mineral
products; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the
mining industry; and, delays in obtaining governmental approvals or required financing or in the completion of activities.
Although Buffalo has attempted to identify important factors that could cause actual results to differ materially from those
contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on
forward-looking information. Buffalo does not undertake to update any forward-looking information, except in accordance with
applicable securities laws.
Neither TSX Venture Exchange, nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange), accepts responsibility for the adequacy or accuracy of this release.