Notice of adjourned Extraordinary General Meeting

For immediate release 21 March 2017

Nyota Minerals Limited

("Nyota" or the "Company")

Notice of adjourned Extraordinary General Meeting

Nyota announces that at today's extraordinary general meeting, in accordance with rule 9.9 of the Company's constitution, the Chairman immediately adjourned the meeting until Tuesday, 4 April 2017 at 5.30pm at Level 18, Grosvenor Place, 225 George Street, Sydney NSW 2000 ("Adjourned Meeting").

The Company received overnight (Sydney time) a non-binding funding proposal. Acting in the best interests of shareholders, the directors determined that given the Company's current financial position, the proposal warranted further time for consideration and, if appropriate, execution, while maintaining the Company's current status and assets.

In accordance with rule 9.10 of the Company's constitution, no other notice of the Adjourned Meeting is required to be, nor will be, given to shareholders. Any proxies submitted for today's extraordinary general meeting will remain valid for the Adjourned Meeting and the proxy may attend and vote at the Adjourned Meeting unless the appointing shareholder gives the Company notice in writing to the contrary not less than 48 hours before the time of the Adjourned Meeting.

A further update will be provided in due course.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 956/2014.

For further information please visit www.nyotaminerals.com or contact:

ENDS