Asa Resources Regulatory News (ASA)

Mwana Africa PLC (the "Company")

Clarification regarding Freda Rebecca press coverage

London, 19 September 2011- The Company would like to respond to recent press articles referencing production rates, production costs and forecast production at Freda Rebecca, its gold mine in Zimbabwe.

These press articles do not reflect the Company's official position on production status, operating costs or forecast production targets at the mine. The Company would like to direct shareholders to the last quarterly update dated the 10th of August 2011 available at www.mwanaafrica.com/ir/press.asp. The Company will update the market in October 2011 on its operating performance for the quarter to September 2011.

The Phase 2 production target remains 50,000oz per annum (4,167oz per month) and the Company remains confident that this target rate will be reached in the quarter ending 30th of September 2011.

Furthermore, the Company would like to state that no further fundraising is required for Freda Rebecca Gold Mine.

Enquiries:

Mwana Africa PLC

Donald McAlister / Lorenz Werndle Tel: +44 (0) 20 7654 5580

Nominated Adviser and Broker

Ambrian Partners Limited Tel: +44 (0) 20 7634 4700

Anthony Rowland / Jen Boorer

Joint Broker

XCAP Securities plc Tel: +44 (0) 20 7101 7070

Jon Belliss / John Grant / Parimal Kumar

Public Relations

Merlin Tel: +44 (0) 20 7726 8400

David Simonson / Anca Spiridon