Asa Resources Regulatory News (ASA)

Name of applicant:

Mwana Africa PLC

Name of scheme:

Mwana Africa PLC Employee Share Option Scheme

Period of return:

From: 21 April 2010 To: 21 October 2010

Balance under scheme from previous return:

29,368,846

The amount by which the block scheme has been increased, if the scheme has been increased since the date of the last return:

8,735,000

Number of securities issued/allotted under the scheme during period:

0

Number of securities cancelled under the scheme during the period:

1,740,000

Balance under scheme not yet issued/allotted at end of period:

36,363,846

Number and class of securities originally listed

151,121,154 ordinary shares

and the date of admission

26 October 2005

Total number of securities in issue at the end of the period:

488,774,359

Name of contact:

Brian Tuck

Telephone number of contact:

020 7654 5580

Address of contact:

Mwana Africa PLC, Devon House

12-15 Dartmouth Street, London,

SW1H 9BL