Katanga Commemorates Possession Of Kamoto Mining Assets

Katanga Commemorates Possession Of Kamoto Mining Assets

Katanga Mining Limited (TSX: KAT) (“Katanga” “Company”) announced that an official signing ceremony was held on June 27, 2006, at the Kamoto mine site in the Democratic Republic of Congo (“DRC”), to commemorate the formation of the Kamoto joint venture and transfer of the Kamoto mining assets from La Generale des Carrieres et des Mines (“Gecamines”) to Kamoto Copper Company (“Kamoto joint-venture”). The signing ceremony was attended by thousands of local well-wishers, the Vice President of the DRC, the Minister of Mines and other ministers and senior government officials.

The Kamoto joint venture was formed between KFL and Gecamines. KFL, the

Company’s wholly-owned subsidiary is the owner of a 75% interest in the Kamoto Joint Venture.

The Kamoto joint venture was formed to refurbish and develop the Kamoto/Dima mining complex. For particulars on the Kamoto Joint Venture please refer to our press release dated August 2, 2005 filed on www.sedar.com

“This begins a new chapter for the people of Kolwezi, the province of Katanga and the country as a whole, building upon the impressive legacy of the Kamoto mining complex”., stated Art Ditto, President, CEO and Director of Katanga. “It was gratifying to see the enthusiasm demonstrated by the community in support of our project”, stated Mr. Ditto.

Contacts: Katanga Mining Limited Arthur H. Ditto President & Chief Executive Officer (416) 369-4340

Mobile: (416) 456-3308

Katanga Mining Limited Anu Dhir VP Corp. Development (416) 369-4340 Mobile: (416) 843-0401

Website: www.katangamining.com

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