Katanga Sets Special Meeting Date

May 18, 2006

TORONTO, May 18, 2006 - Katanga Mining Limited (TSX-V: KAT) (“Katanga” “Company”) announced today that the Company has received regulatory approval from the TSX Venture Exchange to mail a management information circular regarding the Company’s amendment to the Kinross-Forrest Limited (“KFL”) agreement. This amendment will allow the Company to acquire the remaining shares of KFL not currently owned by the Company. KFL is the owner of a 75% interest in the Kamoto Joint Venture. Please refer back to our press release dated March 21, 2006 filed on www.sedar.com.

Katanga will hold a special shareholders meeting on June 14, 2006 in order to seek the approval from a majority of disinterested shareholders.

For further information contact:

Arthur H. Ditto Anu Dhir
President & Chief Executive Officer VP Corp. Development
Office: (416) 369-4340 Office: (416) 369-4340
Mobile: (416) 456-3308 Mobile: (416) 843-0401

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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