Katanga Completes Acquisition of KOL

September 23, 2009

LONDON, UK September 23, 2009 - Further to its press release of August 28, 2009, Katanga Mining Limited (TSX - KAT) ("Katanga" or the "Company") today announced that it has completed the acquisition of Kamoto Operating Limited ("KOL"). Katanga acquired the entire issued share capital of KOL from Wayland Management SA and Tain Holdings Limited by issuing an aggregate of 12,000,000 common shares and by making a cash payment in the aggregate amount of USD 1,600,000.

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

For further information contact:

Steven Isaacs Nick Brodie Varshan Gokool  
Interim CEO CFO Director, Finance  
Tel: +44 (0) 20 7440 5824 Tel: +44 (0) 7983 447 775 Tel: +44 (0) 20 7440 5848  

About Katanga Mining Limited
Katanga Mining Limited operates a major mine complex in the Democratic Republic of Congo producing refined copper and cobalt. The company has the potential to become Africa's largest copper producer and the world's largest cobalt producer. Katanga is listed on the Toronto Stock Exchange under the symbol KAT.

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