The Board has been informed that Glencore has identified a prospective candidate to replace Mr. Ditto who will be considered by the Nomination Committee prior to the Board's final decision. A further announcement shall be made in due course.

To learn more about Katanga Mining Limited, please visit our website at www.katangamining.com.

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, with a targeted annual output of over 300,000 tonnes of refined copper and over 30,000 tonnes of refined cobalt by 2011. Katanga is listed on the Toronto Stock Exchange under the symbol KAT.

Contacts:
Katanga Mining Limited
Hugh Stoyell
Non-Executive Chairman
+44 (0)20 7440 5800

Katanga Mining Limited
Gavin Wood
Analyst, Corporate Development
+44 (0)20 7440 5800

Katanga Mining Limited
Tiffany Carlsen
Communications Manager
+44 (0)20 7440 5800
Website: www.katangamining.com

Media:
Citigate Dewe Rogerson (UK)
Lindsay Noton
+44 (0)20 7638 9571

Fleishman-Hillard (North America)
Caroline Spivak
(416) 645-8185

SOURCE: Katanga Mining Limited

http://www.katangamining.com

Details of how to access the call and webcast are below. A news release, slide presentation and financial statements will be available on Katanga's website, www.katangamining.com, prior to the call.

Conference call/webcast details:
Date:       August 12, 2008
Time:       8.30am Eastern Time (Toronto) / 1.30pm BST (London)
Dial in:    1800 608 0547 (Canada Free Call)
            0808 109 0700 (UK Free Call)
            1866 966 5335 (USA Free Call)
            +44 203 003 2666  (Standard International)
ID:         Katanga Mining Limited (please quote this when dialing in)
Webcast:    An audio webcast with slide presentation will be available at
             the following link:
             http://services.choruscall.eu/links/katanga080812.html

Replay details:

The call will be available for replay until midnight on August 18, 2008 at the following number: +44 (0) 208 196 1998 (International Access Number), 6736718 Replay PIN Number. The webcast will be archived at the same location as above for six months.

To learn more about Katanga Mining Limited, please visit our website at www.katangamining.com.

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, with a targeted annual output of over 300,000 tonnes of refined copper and over 30,000 tonnes of refined cobalt by 2011. Katanga is listed on the Toronto Stock Exchange under the symbol KAT.

Contacts:
Katanga Mining Limited
Arthur H. Ditto
President & Chief Executive Officer
+44 (0)20 7440 5800

Katanga Mining Limited
Tiffany Carlsen
Communications Manager
+44 (0)20 7440 5800
Website: www.katangamining.com

SOURCE: Katanga Mining Limited

http://www.katangamining.com

To learn more about Katanga Mining Limited, please visit our website at www.katangamining.com.

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, with a targeted annual output of over 300,000 tonnes of refined copper and over 30,000 tonnes of refined cobalt by 2011. Katanga is listed on the Toronto Stock Exchange under the symbol KAT.

Contacts:
Katanga Mining Limited
Arthur H. Ditto
President & Chief Executive Officer
+44 (0)20 7440 5800

Katanga Mining Limited
Steve Jones
Chief Financial Officer
+44 (0)20 7440 5800

Katanga Mining Limited
Anu Dhir
Vice President, Corporate Development
+44 (0)20 7440 5800
Website: www.katangamining.com

Media:
Citigate Dewe Rogerson (UK)
Kate Delahunty/George Cazenove
+44 (0)20 7638 9571

Fleishman-Hillard (North America)
Caroline Spivak
(416) 645-8185

SOURCE: Katanga Mining Limited

http://www.katangamining.com

1. 75% of the share capital of the merged JV is allocated to Katanga's wholly owned subsidiaries KFL Limited and GEC and 25% to Gecamines; consistent with each of the existing joint venture agreements.

2. Share capital of the merged JV will be increased from US$1,000,000 to US$100,000,000.

3. Upon implementation of the merged JV, 5% of all additional joint venture funding until the project reaches 150,000 tonnes of copper output per year will be non-interest bearing and the remaining 95% will bear interest at a rate not greater than LIBOR plus 3%.

4. The royalty rate for equipment and facilities provided by Gecamines as well as for ore reserve depletion will increase from 1.5% to 2.5% of net revenues.

5. The first cash payment to Gecamines for transfer of mining rights under article 4.3 of the February 7, 2008 Agreement is US$5,000,000 and will be made on implementation of the merged JV.

6. The Board of KCC will be increased to eight members, three of whom will be appointed by Gecamines, and KCC will assume day-to-day management of the merged JV's operations within 12 months from the date of this MoU. This will result in the elimination of the current operating agreement with Kamoto Operating Limited.

These changes, together with provisions of the February 7, 2008 MoU, will be integrated into the merged JV document that will preserve existing relevant terms and provisions of the DCP and KCC joint ventures.

Arthur Ditto, President and CEO of Katanga stated: "I am very pleased that this MoU addresses outstanding matters affecting joint venture business, including Government requirements from the mining review, and that we can deal with everything in one merged joint venture agreement. We look forward to a closer working relationship with Gecamines and getting the full financial and operating synergy that merging the two joint ventures will bring for the benefit of everyone."

Mr. Paul Fortin, Director General of Gecamines also noted: "This joint venture is very important to Gecamines and to the economy of the DRC, and we believe the MoU provides a positive framework for its future success."

To learn more about Katanga Mining Limited, please visit our website at www.katangamining.com.

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, with a targeted annual output of over 300,000 tonnes of refined copper and over 30,000 tonnes of refined cobalt by 2011. Katanga is listed on the Toronto Stock Exchange under the symbol KAT.

Contacts:
Katanga Mining Limited
Arthur H. Ditto
President & Chief Executive Officer
+44 (0)20 7440 5800

Katanga Mining Limited
Stephen Jones
Senior Vice President & Chief Financial Officer
+44 (0)20 7440 5800

Katanga Mining Limited
Tiffany Carlsen
Communications Manager
+44 (0)20 7440 5800
Website: www.katangamining.com

Media:
Citigate Dewe Rogerson (UK)
George Cazenove
+44 (0)20 7638 9571

Fleishman-Hillard (North America)
Caroline Spivak
(416) 645-8185

SOURCE: Katanga Mining Limited

http://www.katangamining.com