8 March 2016

Share price movement

Zanaga Iron Ore Company Limited ("ZIOC" or the "Company") (AIM:ZIOC) notes the recent increase in the Company's share price and confirms that it is not aware of any reason for the movement other than the increase in the price of iron ore.

For further information please contact:

Zanaga Iron Ore

Corporate Development and                                    Andrew Trahar

Investor Relations Manager                                      +44 20 7399 1105

Liberum Capital Limited

Nominated Adviser, Financial                                  Richard Crawley

Adviser and Corporate Broker                                  Christopher Britton

                                                                                               +44 20 3100 2000

Bell Pottinger

Financial PR                                                                        Marianne Bowes
                                                                         and Daniel Thöle

                                                                       +44 20 3772 2500

About us:

Zanaga Iron Ore Company Limited (AIM ticker: ZIOC) is the owner of 50% less one share in the Zanaga Iron Ore Project based in the Republic of Congo (Congo Brazzaville) through its joint venture partnership with Glencore. 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.