Katanga Shareholders Approve Increase in Authorized Share Capital

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Mon Jan 12, 2009 1:24pm EST 

  LONDON, UNITED KINGDOM, Jan 12 (MARKET WIRE) -- 
Katanga Mining Limited (TSX: KAT)(the "Company") announces that, at a
special meeting held earlier today in Toronto, Ontario, its shareholders
approved an increase in the authorized share capital of the Company,
which now consists of 1,000 common shares with a par value of US$12.00
and 5,000,000,000 common shares with a par value of US$0.10.

    The increase in authorized share capital was approved by shareholders
holding 86.7% of all the shares voted in person or by proxy at the
special meeting and 76.7% of the shares voted in person or by proxy at
the special meeting if those votes attached to the shares held by
Glencore Finance (Bermuda) Limited and the RP Capital Group of entities
were to have been excluded.

    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.

Contacts:
Katanga Mining Limited
Steven Isaacs
Interim CEO
+44(0) 207 440 5824

Katanga Mining Limited
Nick Brodie
CFO
+44 (0) 7983 447 775

Katanga Mining Limited
Anu Dhir
VP, Corporate Development
+44 (0) 207 440 5822

Katanga Mining Limited
Nigel O'Connor
Manager Communications
+44 (0)7508 058 828

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