Home Brand News KATANGA MINING ANNOUNCES CHANGE IN CEO POSITION

KATANGA MINING ANNOUNCES CHANGE IN CEO POSITION

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Katanga Mining Limited (TSX: KAT) (“Katanga” or the “Company”) today announces
the resignation of Mr. Danny Callow as Chief Executive Officer of the Company.
The board of directors has approved Mr. Jeff Gerard’s appointment to the CEO position by Glencore International AG
(“Glencore”), effective May 2, 2019, pursuant to the management services agreement between the Company and
Glencore entered into in January 2019.
Mr. Gerard will replace Mr. Callow, who has served Glencore’s African copper operations in various capacities for over 12
years, most recently as CEO of Katanga. Mr. Callow played a key role in developing Glencore’s copper assets in the DRC,
particularly in connection with the Company’s whole ore leach project. Mr. Callow will resign as a director and officer
effective May 2, 2019 and will assist Mr Gerard with the transition of his responsibilities until then. Mr. Gerard will also
assume Mr. Callow’s seat on the Company’s board of directors.
Mr. Gerard has over 40 years of experience in the mineral resources sector. He will join the Company on May 2, 2019 from
Glencore Coal, where he has been Chief Development Officer, based in Sydney, since Glencore’s 2013 merger with Xstrata
plc. Prior thereto, Mr. Gerard served as Xstrata Coal’s Chief Operating Officer Americas from 2006 to 2007 (including a
period of serving as Xstrata’s nominee on the board of directors of TSX-listed Erdene Resource Development Corp.) and
Chief Operating Officer South Africa from 2007 to 2010. In addition to serving as the CEO of the Company Mr Gerard will
serve as the Head of Glencore’s assets in the DRC and oversee the Glencore Group’s other operation in the DRC, Mutanda
Mining.
Hugh Stoyell, Non-Executive Chairman of the Company, commented: “We are pleased to welcome Jeff as CEO and look
forward to working with him to continue driving Katanga’s business and operations forward. We thank Danny for his
significant contribution to Katanga over the years, especially the successful commissioning of the whole ore leach
project, and wish him the best in his future endeavours.”

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