copy-logo1.png

FOR IMMEDIATE RELEASE

Wednesday, September 30, 2015

Johannesburg, South Africa, Harare, Zimbabwe, Vienna, Austria, Toronto, Canada, Tokyo, Japan – September 30, 2015 – The Board of African Compass International Limited (“ACI” or the “Company”), today announced that ACI Vienna, agreed to sell all its non-core stakes in joint venture (JV) oil & gas blocks located offshore Mauritania and onshore Uzbekistan to an undisclosed buyer as it goes through a lean cost and assets reduction strategy.

The company also announced it is in advanced takes with the buyer and others to sell its onshore/offshore Suriname as well as South Sudan onshore JV oil & gas blocks stakes, approved by the Board to scale back its global frontier markets oil & gas footprint.

About ACI
African Compass International (“ACI”) is a South Africa diversified private natural resources company in frontier and established emerging markets. The Group farms, explores, sources, refines and produces, inter alia, agriculture products, base metals, ferrous & non-ferrous metals, minor metals, platinum group metals, precious metals, oil & gas and commercial energy. Our diversified operations in Africa, South America and Eurasia are supported by offices in Austria, Canada, Japan and Zimbabwe. ACI always seeks partnerships with all its stakeholders that will add value to projects at hand based on the core values of honesty, integrity and vision.

For further information please Contact Us.

Supporting Resources: please visit www.africancompassinternational.com; follow @Afrikancompass on Twitter, or join ACI on LinkedIn.

For and on behalf of the Company’s Board of Directors

Julian RUPARE, Jr.

CEO & Chair

GLOSSARY OF TERMS:

The following are the main terms and abbreviations used in this webnews:

ACI                 African Compass International Limited and/or its subsidiaries, as appropriate

ACI Vienna   African Compass International Investments and Holdings

Board             Board of Directors

CEO                Chief Executive Officer

CG                   Chief Geologist

CLO                Chief Legal Officer

Company       African Compass International or African Compass International Limited

COO               Chief Operating Officer

JV                   Joint Venture

– ends –

African Compass International

Johannesburg | Harare | Vienna | Toronto | Tokyo

Directors J Rupare Jr (CEO) C N Rupare (COO) U Mazunga (CLO) V M S Correia (CG)