Buffalo Coal Corp.

Corporate Update

TORONTO, ONTARIO--(Marketwired - Aug. 28, 2015) - Buffalo Coal Corp. (TSX:BUF)(JSE:BUC) ("Buffalo" or "the Company") announces various changes to its Board of Directors ("the Board").

Mr. John Dreyer and Mr. Michael Price have both tendered their resignations from the Board with effect from September 1, 2015. The Board would like to thank Mr. Dreyer and Mr. Price for their valued contributions to the Company over the past three years, and in particular their input into the extensive restructuring initiatives which have been undertaken during the period of their tenure. We wish them both success in their future endeavors.

The Company is pleased to announce the appointment of Mr. Eddie Scholtz and Mr. John Wallington to the Board with effect from September 1, 2015.

Mr. Scholtz is a recently retired mining engineer, with 39 years experience in the coal industry, the majority of which were spent with BHP Billiton Limited ("BHP"). He held General Manager positions on BHP's largest mines and was ultimately appointed as Managing Director of BHP's coal mining operations in South Africa, where he managed 85 million tons per annum of coal production, setting record performances in production, productivity, safety and profitability. After spending 37 years at BHP, Mr. Scholtz joined CIC Energy Corp., from which he retired in 2012. Mr. Scholtz was born and raised in Dundee, South Africa, where Buffalo's mines are situated.

Mr. Wallington is a high calibre mining executive with over 31 years experience in coal mining and exploration, and a proven track record of delivering results and transformation. He was formerly the Chief Executive Officer of Coal of Africa Limited and prior to that Anglo American plc's coal division, and has held Board positions with Firestone Energy Limited and Keaton Energy Holdings Limited. Mr Wallington holds a Bachelor of Science degree in Mining Engineering from the University of Witwatersrand, South Africa, and has participated in executive programs with London Business School and Harvard Business School.

Buffalo welcomes Mr. Scholtz and Mr. Wallington to its Board, and looks forward to a long and successful relationship with both directors.

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 (Pty) Ltd, a South African company which has a 70% interest in Zinoju Coal (Pty) Ltd ("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.