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KBL Mining Ltd, Mineral Hill - Solid Progress in Plan Implementation

- Strong production performance since December continues due to new operational plan focusing on traditional Mineral Hill copper-gold ores

- Detailed three month rolling mining plans delivering continued performance improvement

- Since the start of December 2012:

1,100t of copper in concentrate produced with elevated silver and gold content

5,626DMT of concentrate shipped to Daye Non-Ferrous containing 1,242t of copper, 587 ounces of gold and 31,245 ounces of silver

- Underground drilling at Red Terror and surface drilling at GD140 and Missing Link continues to intersect copper and gold mineralisation.

The Directors of KBL Mining Limited (ASX:KBL and KBLGA) are pleased to report substantially improved performance at KBL’s Mineral Hill Mine as implementation of the new mine plan, focused on mining of the traditional Mineral Hill lode style copper-gold ores, continues. Higher grade ore from the new Red Terror stopes now represent the main source of mine production.

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