EDENVILLE ENERGY AWARDED THE APPROVAL FOR COAL MINING IN TANZANIA

Edenville Energy, African coal exploration and development firm is now confident of moving on with a coal mine development plan after securing Environmental Impact Assessment (EIA) approval for coal mining at the Namwele and Mkomolo coal deposits near Lake Rukwa in Tanzania.

"We are excited about receiving the approval of the EIA as it is a critical milestone in the development of the Rukwa Coal to Power Project. It is a key deliverable for Edenville and provides the cornerstone from which to move forward with the coal mine development plan," Edenville Energy CEO, Rufus Short said.

Following the endorsement, the company will be able to convert the current prospecting licenses and primary mining licenses into full mining licenses.

The EIA certificate is valid during the entire life cycle of the project based on the company's compliance with the specific conditions.

"We will continue to assess this and other options to achieve the best outcomes for our shareholders and the people of Tanzania and to ensure the project is developed in the most appropriate and viable manner," Mr. Short said.