Mukuba Resources Limited Announces Change of Management and Completion of Debt Settlement

TORONTO, ONTARIO--(Marketwired - Aug. 28, 2015) - Mukuba Resources Limited ("Mukuba" or the "Company") (TSX VENTURE:MKU) announces changes today to its board of directors and executive management team. Incoming management includes Daniel Crandall, who joins Mukuba as Chief Executive Officer, Chief Financial Officer, and Marie-Josée Audet, who joins as Secretary. The incoming board of directors will include Mr. Crandall, Ms. Audet, and Shaun Drake. The new board and management team's mandate is to identify suitable assets or businesses for a merger or acquisition, with a view to maximizing value for shareholders.

Mr. Daniel Crandall, CPA, CA, is a Senior Manager at Marrelli Support Services Inc. ("MSSI"), and provides CFO, accounting, regulatory compliance, and management advisory services to numerous issuers on the TSX, TSX Venture Exchange ("TSX-V") and other Canadian and US exchanges. Previously, he was a Manager at Collins Barrow Toronto LLP, a public accounting firm, where he worked for over five years. Mr. Crandall holds Honours Bachelor of Accounting degree from Brock University.

Ms. Marie-Josée Audet, CPA, MBA is a Senior Financial Analyst at MSSI, where she has provided financial services primarily to junior exploration companies for the past seven years. Prior to joining MSSI, Ms. Audet worked at McCarney Greenwood LLP for two years, where she acquired auditing experience mainly with junior exploration companies. Ms. Audet holds a Masters of Business Administration with specialization in management of small and medium business.

Mr. Shaun Drake is an associate (ACIS) of the Institute of Chartered Secretaries and Administrators (ICSA). Mr. Drake is a senior executive of DSA Corporate Services Inc., a Toronto-based firm founded by Mr. Drake in 2000 that provides corporate secretarial services to reporting issuers. Prior to that, Mr. Drake worked in the global trust services industry for fourteen years, and provided corporate services to a private bank. He currently acts as corporate secretary for several companies listed on the TSX and TSX-V.

Mukuba also announces the resignations today of Ben Smit as President, Chief Executive Officer and director, Art Hampson as Chief Financial Officer and director, and Martin Horgan as director. Mukuba would like to thank Mr. Smit, Mr. Hampson, and Mr. Horgan for their contributions to Mukuba during their respective tenures. We wish them well in their future endeavours.