Funding Update

EMBARGO

17 September 2014

Bellzone Mining plc

("Bellzone" or "the Company")

Funding Update

Further to the announcement of 1 September 2014, Bellzone Mining plc (AIM: BZM) announces that it remains in discussions with China Sonangol International (S) Pte Ltd to reach agreement on the final satisfaction of all conditions of the loan agreement announced on 18 August 2014 (the "Loan Agreement"). The Company also remains in discussions with other potential providers of longer term financing.

As previously announced, the Company only has funding to continue operations until mid-September. The Company requires a further advance of financing under the Loan Agreement or some other source of funds early in the week of 22 September 2014 to continue operations.

There can be no certainty that the required financing, either immediate or longer term, will be obtained. A further update will be announced as soon as reasonably practicable.

Enquiries:

Bellzone Mining plc

Peta Baldwin, Corporate Affairs +44 (0) 1534 513 500

Investec Securities

Nominated Advisor and Broker

Chris Sim / George Price / Jeremy Ellis +44 (0) 20 7597 5970

Bell Pottinger

Financial Public and Investor Relations

Daniel Thole +44 (0) 20 7861 3232