20 June, 2011

Zanaga Iron Ore Company Limited

RESULT OF ANNUAL GENERAL MEETING

Zanaga Iron Ore Company Limited (AIM: ZIOC) announces that at the Annual General Meeting held on Friday 17 June all resolutions proposed were duly passed.

About Zanaga Iron Ore Company Limited

Zanaga Iron Ore Company Limited (AIM: ZIOC) is the owner of 50% less one share interest in the Zanaga Iron Ore Project ("The Zanaga Project") based in the Republic of Congo through its joint venture partnership with Xstrata. The Zanaga Project is focused on the management, development and construction of a world-class iron ore mine and related, processing, rail and port infrastructure.

ZIOC owned 100% of and managed the Zanaga Project up until February 2011 when Xstrata exercised its first call option to acquire its 50% plus one share majority stake in Jumelles Limited, the joint venture vehicle for the Zanaga Project. Xstrata is now ZIOC's majority joint venture partner and has effective management control of the Zanaga Project at both a shareholder and director level.

Media contacts

Zanaga UK Services Limited                                                                              

Corporate Development and                                                                            Andrew Trahar
Investor Relations Manager                                                                             020 7399 1105

Liberum Capital Limited

Nominated Adviser, Financial                                            Chris Bowman, Christopher Britton
Adviser and Sole Broker                                                                    and Christopher Kololian

                                                                                                                     020 3100 2000

Pelham Bell Pottinger

Financial PR                                                                       Charles Vivian, James MacFarlane
                                                                                                             and Philippe Polman

                                                                                                                     020 7861 3232