Katanga Mining Limited: Kamoto JV Feasibility Progress.

TORONTO -- Katanga Mining Limited (TSX VENTURE:KAT) ("Katanga") today reported that the Kamoto feasibility study, underway since August 2005, is nearing completion and the results of the study will be available on or before April 1, 2006. Katanga currently owns 23.33% of Kinross Forrest Limited ("KFL") and has an option to acquire the rest of KFL that in turn holds 75% of the Kamoto Joint Venture ("Kamoto JV").

Arthur Ditto, President and Chief Executive Officer, reports from sites in Africa where the feasibility study is being prepared that "the study being prepared under the direction of Hatch's Johannesburg office is defining work and capital required to retrofit the mines and plants of the Kamoto JV. The retrofit will take place in four stages such that copper output is able to increase steadily during a four year period to a sustained 150,000 tonnes per year.

Mineral reserves and resources estimates for the Kamoto JV are being prepared in accordance with National Instrument 43-101. This work is well advanced and the report will be available shortly before the feasibility study is complete.

Mine plans for the Kamoto JV developed during the study now incorporate a cemented tailings fill program that is designed to achieve 79% ore extraction compared to the historic open-stope methods' approximate 54% recovery. This is expected to yield a significant improvement in the project economics. The Kamoto JV's existing underground installations such as the primary crusher, conveyors, and hoisting facilities are in generally good to adequate condition. The mine dewatering system is sound although the primary clear water pumps will be replaced. Open-pit plans for the oxide zones in the study have shown an improvement in available reserves compared to prior expectations.

Preproduction capital for the mines is principally needed for necessary mobile equipment.

Capital requirements for the Kamoto JV concentrator are directed at replacement of flotation equipment, conveyor components, piping throughout the plant including the 7 km concentrate lines to the Luilu hydrometallurgical plant, and in plant electrical service. Major equipment such as grinding mills and the building structure are in reasonable condition.

The Luilu hydrometallurgical facility requires the most work and capital for the first phase. It will also take the most time to prepare for production. Extensive repair of a roaster, leaching equipment, replacement of piping and electrical service throughout, replacement of filters in both the copper and cobalt circuits, along with tank repair in the electrolytic circuits encompass majority of the work.

Because of additional metallurgical test work and industry process control improvements since the original plant design, certain equipment, and process changes are incorporated into the retrofits at the Kamoto JV concentrator and Luilu facilities that are expected to result in modest recovery improvements.

As capital and operating estimates are being refined, Katanga expects that capital requirements relative to production scale will be modest and operating costs per pound of copper produced will be low."

Rick Dye, the Vice President, Technical Services of KFL and a qualified person under National Instrument 43-101, has reviewed and approved the contents of this press release.

Cautionary Statements

This news release contains "forward-looking statements", within the meaning of the United States Private Securities Litigation Reform Act of 1995 and similar Canadian legislation, concerning the business, operations and financial performance and condition of Katanga. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans" ,"expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Katanga to be materially different from those expressed or implied by such forward-looking statements., including but not limited to risks discussed in or referred to in the current annual Management's

Discussion and Analysis of Katanga filed with the securities regulatory authorities in Canada and available at www.sedar.com. Although management of Katanga has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements there may be other factors that cause results not to be as anticipated, estimated or intended.

There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Katanga does not undertakes to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.

The TSX Venture Exchange does not accept responsibility for the ad equacy or accuracy of this release.

Katanga Mining Limited (TSX VENTURE:KAT)