Response to share price movement and Suspension

Nyota Minerals Limited

('Nyota' or 'the Company')

Response to recent share price movement and Suspension of Trading on AIM

Nyota Minerals Limited (ASX/AIM: NYO), the gold exploration and development company in East Africa, notes the recent share price movement of the Company's ordinary shares ("Shares").

As previously announced, the Company is in discussions with more than one party regarding an injection of capital. These discussions also include a broad range of potential corporate transactions, with a reverse takeover of the Company being one possible outcome. However, there is no guarantee as to the final structure of a transaction or that a transaction will be successfully concluded.

The Board has therefore requested a temporary suspension of trading on AIM in the Company's Shares. The shares will remain suspended until such time as either the structure of the transaction can be clarified or, in the event of it being a reverse takeover, an admission document being published.

Further announcements will be made in due course.

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