16 October 2012

Corporate Presentation

Zanaga Iron Ore Company Limited (AIM:ZIOC) announces the release of an updated corporate presentation detailing the findings of the Pipeline Pre-Feasibility Study, as announced earlier today, which is available at: www.zanagairon.com.

For further information please contact:

Zanaga UK Services Limited                                                                                               

Corporate Development and                                                                                             Andrew Trahar
Investor Relations Manager                                                                                             +44 20 7399 1105

Liberum Capital Limited

Nominated Adviser, Financial                                                                                          Chris Bowman, Christopher Britton
Adviser and Joint Corporate Broker                                                                                and Christopher Kololian

                                                                                                                                                +44 20 3100 2000

Citigroup Global Markets Limited

Joint Corporate Broker                                                                                                       Alex Carter

                                                                                                                                                +44 20 7986 4000

Pelham Bell Pottinger

Financial PR                                                                                                                         James MacFarlane
                                                                                                                                                and Daniel Thole

                                                                                                                                                +44 20 7861 3232

About us:

Zanaga Iron Ore Company Limited is listed on AIM, ticker: ZIOC and is the owner of 50% less one share interest in the Zanaga Iron Ore Project based in the Republic of Congo (Congo Brazzaville) through its joint venture partnership with Xstrata plc. The Zanaga Iron Ore Project is one of the largest iron ore deposits in Africa and has the potential to become a world-class iron ore producer.