Asa Resources Regulatory News (ASA)

25 February 2014 Mwana Africa PLC ("Mwana" or the "Company") Directorate Change Mwana announces that Non-executive Chairman Mark Wellesley-Wood has left theBoard of the Company with immediate effect. Mr Stuart Morris, who is Senior Independent Director and Chairman of the AuditCommittee, has been appointed Interim Chairman and will fulfil this role untila new Non-executive Chairman has been appointed. Kalaa Mpinga, CEO of Mwana, said: "On behalf of the Board I would like to thankMark for his contribution to the Group and to wish him the very best for thefuture." For further information contact: Mwana Africa PLC Tel: +44 (0)20 7654 5580 Kalaa Mpinga (CEO) Tel: +27 (0)11 883 9550 Stuart Morris (Interim Chairman) Nominated Adviser and Broker Peel Hunt LLP Tel: +44 (0)20 7418 8900 Matthew Armitt / Ross Allister Public & Investor Relations Tel: +27 (0) 11 880 3924 Russell Associates James Duncan About Mwana Africa PLC Mwana Africa PLC is a pan-African, multi-commodity mining and developmentcompany. 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 in2009, produced 65,350 ozs of gold in the 12 months to March 2013. In September 2013, Mwana announced that the gold mineral resource at itsZani-Kodo project in Democratic Republic of Congo had increased to 2.975million ounces. In February 2013, Mwana announced it had signed a Joint Venture Agreement withZhejiang Hailiang Company Limited to jointly explore some of its copper licenseareas in the Katanga Province of the DRC. The restart of operations at The Trojan Nickel Mine (owned by Mwana's Zimbabwesubsidiary Bindura Nickel Corporation ("BNC")) followed four years during whichall of the BNC assets were on care and maintenance. In September 2012, BNCcarried out a restructuring and recapitalisation involving US$23m beinginvested into BNC which has allowed it to restart the Trojan mine. First saleof concentrate to Glencore took place in April 2013.