Notice of AGM

17 October 2014

Nyota Minerals Limited

Notice of AGM

Nyota Minerals Limited ("Nyota" or the "Company") (ASX/AIM: NYO) announces a Notice of Annual General Meeting of Shareholders ("AGM") to be held at 10.00am (WST) on 19 November 2014 at the Company's office, Suite 2, 47 Havelock Street, West Perth, Australia.

The Annual Report and Accounts for the year ended 30 June 2014 ("Annual Report") have previously been distributed and are available on the Company's website: www.nyotaminerals.com.

The Notice of AGM and Proxy Form will be distributed to shareholders today. A Form of Voting Instruction will be distributed to Depositary Interest holders or their Nominee.

TO VIEW THE NOTICE OF MEETING TOGETHER WITH EXPLANATORY NOTES PLEASE CLICK ON THE FOLLOWING WEB LINK:

http://www.nyotaminerals.com/content/uploads/2014/10/NYO_NoM-Proxy-Cover-Letter_17-10-14.pdf

In accordance with section 250R(2) of the Corporations Act Resolution 1 in the Notice of Annual General Meeting is for Shareholders to adopt the Company's 2014 Remuneration Report. In the event that the Remuneration Report receives a "no" vote of 25% or more of votes ("Strike") at two consecutive annual general meetings, Shareholders will have the opportunity to seek to remove the whole board except the Managing Director pursuant to Resolution 5 at the Annual General Meeting. The Company's Remuneration Report received a first Strike at the last annual general meeting. Resolution 5 may be put to Shareholders to call for an additional meeting of Shareholders to be held within 90 days of the Annual General Meeting ("Spill Meeting") to vote on whether to remove existing Directors (except the Managing Director) and appoint replacement directors. However, Shareholders should be aware that there is no guarantee that new directors will be identified who would be deemed suitable to be directors of the Company under the AIM Rules for Companies.

To address Shareholder remuneration concerns, since last year the size of the Board has been reduced from 7 members to the current level of 3 and Directors' fee s and total key management personnel (KMP) remuneration have been substantially reduced. The Board trusts that Shareholders will be satisfied with the significant reduction in both the Board size and KMP remuneration, and accordingly the Directors recommend that Shareholders vote in favour of Resolution 1.

For further information please visit: http://www.nyotaminerals.com or enquire to:

Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.