Minergy : CFO RESIGNATION

Minergy Limited

(Incorporated in accordance with the laws of Botswana)

(Company Number: BW00001542791)

www.minergycoal.com

("Minergy" or "the Company")

Minergy wishes to inform the market that its Chief Financial Officer Mr. J.P van Staden has accepted an employment offer from an international mining company operating in Africa, and that he has accordingly tendered his resignation. Mr. van Staden has indicated that he will benefit in terms of experience from further exposure to the larger continent offered by the company in question, and that the role he has accepted will advance his career.

Mr. van Staden is required to work for a three-month notice period and has agreed that he will remain available and dedicated to Minergy for as long as Minergy requires his services during in this period, including with respect to assisting with transition processes.

The Board and executive management of Minergy wish to thank Mr. van Staden for his contribution to Minergy during his tenure and wish him all the very best for his future endeavours.

Minergy's Remuneration and Nominations Committee has commenced the process of finding a suitable replacement for Mr. van Staden, and a further update will be provided as soon as possible.

By Order of the Board

Morné du Plessis Chief Executive Officer 22 January 2021

Minergy Limited | Unit B3 and Unit B4 | 1st Floor | Plot 43175 | Phakalane PO Box AD 10 ABC | Phakalane |Gaborone Tel: [phone] | Fax: [phone]

Sponsoring Broker: Imara Capital Securities (Pty) Ltd

Transfer Secretaries: Corpserve Botswana Unit 206, 2nd Floor, Plot 64516 Fairgrounds, Gaborone, Botswana Tel: +267

393 2244 Email: [e-mail]

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