Corporate update BUFFALO COAL CORP. Registration number: 001891261 External company registration number: 2011/011661/10 Share code on the TSX Venture Exchange: BUF Share code on the JSE Limited: BUC ISIN: CA1194421014 "Buffalo Coal" or "the Company" CORPORATE UPDATE TORONTO, ONTARIO – October 30, 2018: Buffalo Coal Corp. (TSXV: BUF; JSE: BUC) (“Buffalo” or “the Company”) announces the appointment of Ms Emma Oosthuizen as Chief Financial Officer (“CFO”) and Corporate Secretary. Ms Oosthuizen is a South African based senior finance executive with a track record of capable financial leadership in publicly-traded international mining companies. Ms Oosthuizen will take over from Mr Graham du Preez who has served as Interim CFO since October 2016. Mr du Preez will continue to serve the Company in a senior executive capacity, reporting to the board on strategic corporate matters. Mr Craig Wiggill, Chairman, commented “We are pleased that Emma has joined Buffalo Coal and wish her success in her new role as CFO. On behalf of Buffalo’s Board of Directors and senior management team, I also thank Graham for his great work as Interim CFO over the past two years." About Buffalo Buffalo is a coal producer in southern Africa. It holds a majority interest in two operating mines through its 100% interest in Buffalo Coal Dundee, a South African company which has a 70% interest in Zinoju. Zinoju holds a 100% interest in the Magdalena bituminous mine and the Aviemore anthracite mine in South Africa. Buffalo has an experienced coal-focused management team. Neither the Toronto Venture Exchange, nor its regulation services provider (as that term is defined in the policies of the exchange), accepts responsibility for the adequacy or accuracy of this release. FOR FURTHER INFORMATION PLEASE CONTACT: Rowan Karstel Chief Executive Officer Email: rowan.karstel@buffalocoal.co.za Johannesburg 30 October 2018 Designated Adviser Questco Corporate Advisory (Pty) Ltd Date: 30/10/2018 03:03:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.