Asa Resources Regulatory News (ASA)

1 October 2013

Mwana Africa PLC

("Mwana" or the "Company")

Director Change

The Company today announces the appointment of Mr Yim Chiu Kwan, who will be joining the Mwana board as Finance Director with effect from 1 October 2013. Mr. Kwan, a chartered accountant, has over 30 years experience in finance and commercial roles accumulated from positions in accounting firms and private and public corporations. He is currently Chief Financial Officer and board director of MBMI Resources Inc., a mining company focused on the exploration and development of nickel projects in the Philippines that is listed on the TSX-V in Canada.

Mr Donald McAlister is leaving the Board of the Company with effect from 30 September 2013. Mr McAlister has been Mwana's Finance Director since 27 October 2009 and has played an important role in Mwana's financing and restart of operations at the Group's two producing mines, Freda Rebecca Gold Mine and the Trojan Nickel Mine. Mr McAlister's departure results from Mwana's decision to significantly scale down its London office and to relocate administrative and corporate functions to Africa.

Kalaa Mpinga, Chief Executive Officer of Mwana, stated: "I am very sad to be announcing Donald's departure from Mwana Africa after four years of dedicated service. He has played an important role in the refinancing and recommissioning of our two producing mines in Zimbabwe. However, as with all our peers in the mining sector, Mwana is conscious of the need to reduce overheads and the scaling down of our London office forms part of our cost cutting strategy.

At the same time I am delighted to welcome Yim as the new Finance Director. Yim speaks both Mandarin and Cantonese fluently, and brings with him a wealth of finance and commercial experience in North America, Asia and Africa that will be a very valuable contribution to Mwana."

For further information contact:

Mwana Africa PLC Tel: +44 (0)20 7654 5580

Mark Wellesley-Wood (Non-Executive Chairman)

Kalaa Mpinga (CEO)

Nominated Adviser and Broker

Liberum Capital Limited Tel: +44 (0)20 3100 2000

Tom Fyson / Ryan de Franck

Joint Broker

Peel Hunt Tel: +44 (0)20 7418 8900

Matthew Armitt / Andy Crossley

Public & Investor Relations

Tavistock Communications Tel: +44 (0)20 7920 3150

Ed Portman / Mike Bartlett / Simon Hudson

Yim Chiu Kwan (aged 58 years)

Current directorships:

Kam & Ronson Media Group Inc

MBMI Resources Inc

KIBC Financial Services Inc

Abacus Financial Services Inc

Past Directorships (within 5 years):

Scorpion Locks Inc

Horwath Leebosh Global Advisors Inc

There is no further information to be disclosed pursuant to paragraph 2 (g) of Schedule 2 of the AIM Rules.

About Mwana Africa PLC

Mwana Africa PLC is a pan-African, multi-commodity mining and development company. Mwana's principal operations and exploration activities cover gold, nickel, copper and diamonds in Zimbabwe, the DRC and South Africa.

Mwana's Freda Rebecca gold mine in Zimbabwe, having restarted operations in 2009, produced 65,350 ozs of gold in the 12 months to March 2013.

In February 2013, Mwana announced that the gold mineral resource at its Zani Kodo project in Democratic Republic of Congo had increased to 2.6 million ounces.

In February 2013, Mwana announced it had signed a Joint Venture Agreement with Zhejiang Hailiang Company Limited to jointly explore some of its copper license areas in the Katanga Province of the DRC.

The restart of operations at The Trojan Nickel Mine (owned by Mwana's Zimbabwe subsidiary Bindura Nickel Corporation ("BNC")) followed four years during which all of the BNC assets were on care and maintenance. In September 2012, BNC carried out a restructuring and recapitalisation involving US$23m being invested into BNC which has allowed it to restart the Trojan mine. First sale of concentrate to Glencore took place in April 2013.