Minbos Resources : Licence Issued for Remaining Cabinda Deposits

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ASX Code: MNB

27 October 2015

PERTH OFFICE

Suite 1,

245 Churchill Avenue

Subiaco WA 6008

T: [phone]

E: [e-mail] W: www.minbos.com

ABN: 93 141 175 493

ASX ANNOUNCEMENT/MEDIA RELEASE

LICENCE ISSUED FOR REMAINING CABINDA DEPOSITS Highlights:

• Licence issued for Remaining Cabinda project deposits following the issue of the Cacata licence.
• Licence to mine can be applied for on completion of environmental impact and economic viability study.

Minbos Resources Ltd (Minbos or the Company) is pleased to advise that the Angolan Ministry of Mines and Geology (MGM) has issued the new licence for the Chivovo, Chibuete, Ueca, Cambota and Mongo Tando Deposits (Remaining Deposits).

The new licence (015/01/10/T.P/ANG.MGM.2015) has been issued for a five year period expiring on 14 October 2020 and is renewable for a further two years.

Minbos announced on 7 October 2015 that the licence for the Cacata deposit (014/04/09/T.P/ANG.MGM.2015) has been issued. The Cacata licence has also been issued for a five year period expiring on 25 September 2020 and is renewable for a further two years. The two new licences (Cacata and the Remaining Deposits) replaces the previous exploration permit (006/06/01/L.P./GOV.ANG.MGM.2010).

Minbos Chief Executive Officer Lindsay Reed said: 'We are extremely pleased that all licences for the Cabinda project has now been issued. The Cabinda project remains without peer in the Atlantic Basin'.

ENDS

For further information please contact

Stef Weber Company Secretary [e-mail] [phone]

For media enquiries contact: David Ikin - Professional Public Relations [e-mail] [phone]

About Minbos

Minbos Resources Limited (ASX: MNB) is an ASX-listed exploration and development company focused on phosphate ore within the Cabinda Province of Angola. Through its subsidiaries and joint ventures, the Company is exploring over 200,000ha of highly prospective ground hosting phosphate ore.

Minbos is focussing on the development of the high grade Cacata project in Cabinda whilst growing its current resource base in incremental stages on the remaining deposits in Angola.

The Company's strategy is to specifically target the exploration and development of low cost fertiliser-based commodities in order to tap into the growing global demand for fertilisers. Phosphate is an essential component in certain agricultural fertilisers, with the market supported by the increasing global demand for food and bio-fuel products.

For more information, visit www.minbos.com