Amara Mining Regulatory News (AMA)

10 May 2013 AIM:AMA / TSX:AMZ

Amara Mining plc

("Amara" or "the Company")

FILING OF TECHNICAL REPORT FOLLOWING YAOURE RESOURCE UPDATE

Amara Mining plc, the dual AIM and TSX-listed West African focused gold mining company, is pleased to announce that a National Instrument 43-101-compliant technical report entitled 'Yaoure Gold Project, Côte d'Ivoire, Technical Report and Mineral Resource Estimate for Amara Mining plc', dated 09 May 2013, detailing the Mineral Resource update for its Yaoure Gold Project ("Yaoure") in Côte d'Ivoire was filed on SEDAR yesterday. This follows the news release dated 25 March 2013.

A copy of the technical report may be obtained via www.sedar.com and on Amara's website at http://www.amaramining.com/Investor-Relations/NI43-101-Reports. A copy of the news release may also be obtained via SEDAR and on Amara's website.

The previously announced highlights of the Yaoure Mineral Resource update are as follows:

·; 1.7 million ounce sulphide Inferred Mineral Resource delineated at Yaoure (34.6Mt at 1.52g/t)1

·; Indicated Mineral Resource upgraded to 0.3 million ounces (8.0Mt at 1.31g/t) 1, 2

·; Mineral Resources contained within 40% of the total mineralised volume drilled to date

·; Further Mineral Resource update expected in H2 2013 from on-going in-fill drilling campaign

·; Resource grade is expected to be updated through definition of additional resources via in-fill drilling below the higher grade CMA North-Central pit

·; Resource is open at depth and along strike with all 106 holes drilled in 2011/12 encountering mineralisation

·; Initial metallurgical testwork has confirmed the non-refractory nature of the gold mineralisation with 94% recovery in a conventional carbon-in-leach circuit

·; Preliminary Economic Assessment is expected to be completed in Q4 2013

·; Location of Yaoure is highly advantageous due to close proximity to Kossou dam, which offers cheap hydro-electric power and abundant water, excellent roads and accommodation

1. Using a 0.8g/t cut-off

2. Previously 0.2 million ounces Measured and Indicated (4.9Mt at 1.6g/t) using a 0.5g/t cut-off, an uplift of 90,000 ounces

For more information please contact:

This report includes certain "forward-looking information" within the meaning of applicable Canadian securities legislation.

All statements other than statements of historical fact included in this report, including, without limitation, the timing of the second Mineral Resource update, the update to the resource grade, the completion of the Preliminary Economic Assessment, future drilling, and future capital plans and objectives of Amara, are forward-looking information that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Amara's expectations include, among others, the Company's ability to delineate sufficient sulphide resources for the development of a CIL/CIP operation, risks related to international operations, the actual results of current exploration and drilling activities, changes in project parameters as plans continue to be refined as well as future price of gold. Although Amara has attempted to identify important factors that could cause actual results to differ materially, 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. Amara does not undertake to update any forward-looking statements that are included herein, except in accordance with applicable securities laws.

Peter Brown is a "Qualified Person" within the definition of National Instrument 43-101 and has reviewed and approved the information contained within this announcement. Dr Brown (MIMMM) is the Group Exploration Manager.

Chris Arnold is a "Qualified Person" within the definition of National Instrument 43-101 and is responsible for the estimation of the Yaoure mineral resource. He has reviewed and approved the relevant technical information relating to the resource estimates in this release. Mr Arnold MAusIMM CP(Geo) is Geology Group Manager of AMC Consultants (UK) Limited.