Share Issue & Section 708A Notice

20 February 2015

Nyota Minerals Limited ("Nyota" or the "Company")

SHARE ISSUE & SECTION 708A NOTICE

Further to the announcement of 11 February 2015 the Directors of Nyota Minerals Limited ('Nyota' or the 'Company') advise that it has issued 37,500,000 ordinary shares to the vendors of the Italian nickel project. The Company confirms that a further 37,500,000 shares will be issued to the vendors upon grant of the second Italian project tenement, which is imminent.

An Appendix 3B in relation to the above is attached and can be viewed using the following link: http://www.rns-pdf.londonstockexchange.com/rns/4495F_-2015-2-20.pdf

Section 708 Notice

The Company issues this notice pursuant to Section 708A(5)(e) of the Corporations Act in relation to the 37,500,000 Nyota Shares issued.

The Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act, in reliance on Section 708(8) of the Corporations Act. The Company, as at the date of this notice, has complied with:

(a) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

(b) Section 674 of the Corporations Act.

As at the date of this notice, there is no excluded information for the purposes of Sections 708A(7) and (8) of the Corporations Act in relation to the Company.

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

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.