Peninsula Energy Ltd.: Exhibit 4.3 - Filed by newsfilecorp.com






Execution Version 

JOINDER TO SHAREHOLDERS’ AGREEMENT 

This Joinder Agreement (this “Joinder Agreement”) is
made as of the date written below by Tasman RSA Holdings (Pty) Ltd (the
“Joining Party”) in relation with the Uramin-Lukisa JV Company
Shareholders’ Agreement dated September 11, 2007 (the “Shareholders’
Agreement”) among Lukisa Invest 100 (Pty) Ltd, Uramin Inc. and Uramin-Lukisa
JV Company (Pty) Ltd, as the same may be amended from time to time. Capitalized
terms used, but not defined herein shall have the meaning ascribed to such terms
in the Shareholders’ Agreement. 

The Joining Party hereby acknowledges, agrees and confirms
that, by its execution of this Joinder Agreement, the Joining Party shall be
deemed to be a party to the Shareholders’ Agreement with effect from the date
that the Joining Party unconditionally acquired all of the ordinary shares held
by Uramin Inc. in Uramin-Lukisa JV Company (Pty) Ltd (“Completion Date”) and all
of the rights and obligations of Uramin Inc. thereunder shall be assigned to the
Joining Party as if it had executed the Shareholders’ Agreement on the
Completion Date, provided that the Joining Party shall not be liable for any
obligations which Uramin Inc. has failed to fulfill prior to the Completion
Date. On this basis, the Joining Party hereby agrees to be bound by, all of the
terms, provisions and conditions contained in the Shareholders’ Agreement in the
place and stead of Uramin Inc. with effect from the Completion Date. 

Peninsula Energy Inc. hereby irrevocably guarantees in favour
of Lukisa the fulfillment by the Joining Party of its obligations in terms of
the Shareholders’ Agreement. 

The other parties to this Joinder Agreement agree with the
terms set out in this Joinder Agreement. 

Notwithstanding anything to the contrary contained in this
Joinder Agreement, the parties agree that this Joinder Agreement will only come
into effect on the Completion Date and is subject to the fulfillment of the
suspensive condition that the Share Purchase Agreement entered into among the
Joining Party, Uramin Inc. and Peninsula Energy Ltd in terms of which, inter
alia, Uramin agrees to sell to the Joining Party its shares in Uramin-Lukisa JV
Company (Pty) Ltd, comes unconditionally into full force and effect (other than
any condition that this Joinder Agreement comes into full force and effect).


IN WITNESS WHEREOF, the undersigned has executed this Joinder
Agreement as of the date written below. 




Date: December 18, 2013 

TASMAN RSA Holdings (Pty) Ltd ((which previous name was
Paxocube (Pty) Ltd) (the “Joining Party”) 


	By: 	 
    
	                 	Name: Mr. Glenn BLACK 
	  	  
	                 	Title: Authorized Representative




Lukisa Invest 100 (Pty) Ltp 


	By: 	 
	                 	Name: Mr. Tefo MALOISANE 
	  	 
	                 	Title: Director




Uramin-Lukisa JV Company (Pty) Ltd 


	By: 	 
	                 	Name: Mr. Yves GUENON 
	  	 
	                 	Title: Director




Uramin Inc. 


	By: 	 
	             
    	Name: Mr. Yves GUENON 
	  	 
	                 	Title: Director




Peninsula Energy Ltd 


	By: 	 
    
	                 	Name:  Mr. Glenn BLACK 
	  	  
	                 	Title: Authorized Representative








Domicilium for notices: 

For Tasman RSA Holdings (Pty) Ltd

c/o Geoconsult Internation (Pty) Ltd 
Address: Suite 15 and 16, Block
3, Bergzicht 
Office Park, cnr Christiaan de Wet Avenue and 
Rooibok
Street, 
Allen’s Nek, Gauteng, South Africa 
Attn: c/o Chief Executive
Office, Goo-Consult 
International (Pty) Ltd 
Fax:+ 27 (0)11 475 0374

Email: info@geoconsult.co.za 

And also to 

Peninsula Energy (Pty) Ltd

Address: The Company Secretary, Suite 17, 
Level 2, 100 Railway Road,

Subiaco Western Australia 6008 
Att: The Company Secretary 
Fax: +61
(08) 9381 5064 
Email: ts@pel.net.au 

For Peninsula Energy (Pty) Ltd

Address: The Company Secretary, Suite 17, 
Level 2, 100 Railway Road,

Subiaco Western Australia 6008 
Att: The Company Secretary 
Fax: +61
(08) 9381 5064 
Email: ts@pel.net.au 

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