Asa Resources Regulatory News (ASA)

03 April 2013

Mwana Africa PLC

("Mwana", the "Group" or the "Company")

Director Dealing

The Company was notified on 2 April 2013 that on that date Oliver Baring's pension fund sold 427,903 ordinary shares at a price of 4.75p per share.

Following this transaction, Oliver Baring, Non Executive Chairman of Mwana, has a total beneficial interest in the Company of 2,652,976 shares representing 0.24% of the Company's issued share capital.

For further information contact:

Mwana Africa PLCBrian Tuck, Company SecretaryTel: +44 (0)20 7654 5580

Nominated Adviser and BrokerLiberum Capital LimitedMichael Rawlinson / Tom Fyson / Christopher KololianTel: +44 (0)20 3100 2000

Public & Investor RelationsTavistock CommunicationsEd Portman / Simon Hudson / Mike BartlettTel: +44 (0)20 7920 3150

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.

The restart of operations at The Trojan Nickel Mine (owned by Mwana's Zimbabwe subsidiary Bindura Nickel Corporation ("BNC")) follows four years during which all of the BNC assets were on care and maintenance. In September 2012, Bindura Nickel Corporation 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 International is expected in Q2 2013.

Mwana's Freda Rebecca gold mine in Zimbabwe, having restarted operations in 2009, produced 47,770 ozs of gold in the 12 months to March 2012. Record quarterly gold production of 18,350 ozs was achieved in the third quarter of 2012.

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 August 2012, Mwana announced it had entered into a Cooperation and Development Agreement with Zhejiang Hailiang Company Limited to jointly explore its copper license areas in the Katanga Province of the DRC.