Bushveld Minerals Limited



Bushveld Minerals Ltd

("Bushveld" or the "Company")

Bidder's Statement in Relation to the

Takeover Offer for Lemur Resources Limited

Bushveld Minerals (AIM: BMN), a diversified mineral development company with projects in Southern Africa, announces that in accordance with applicable regulatory requirements, the Bidder's Statement in relation to its intention to make an off-market takeover offer for Lemur Resources Limited, announced on Monday 20 May 2015, has been lodged with Australian Securities Exchange (ASX) and Australian Securities and Investments Commission (ASIC).

A copy of the Bidder's Statement can be found on the Bushveld website:

http://www.bushveldminerals.com

Contact

For further information on Bushveld please contact:

Bushveld Minerals

Fortune Mojapelo

+27 (0) 11 268 6555

Strand Hanson Limited

Andrew Emmott

Scott McGregor

+44 (0) 20 7409 3494

+27 (0) 87 828 0407

Tavistock

Jos Simson

Nuala Gallagher


+44 (0) 20 7920 3150

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Notes to the editor

Bushveld Minerals Limited is a mineral development company with a portfolio of vanadium-and titanium bearing iron ore and tin assets in Southern Africa.

The Company owns the Bushveld Vanadium Project, Bushveld Iron Ore Project and Mokopane Tin Project, located on the northern limb of the Bushveld Complex, South Africa. In addition, Bushveld has a controlling interest in Lemur Resources (ASX: LMR), that owns the Imaloto coal project in Madagascar.

Bushveld was admitted to the AIM of the London Stock Exchange in March 2012.


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