Asa Resources Regulatory News (ASA)

Mwana Africa PLC (the "Company")

Directors' Interests and Total Voting Rights

London, 21 January 2013- The Company is of the view that the retention of high quality non executive directors is of great benefit to the Company. In order to promote the independent status of its non executive directors within the guidelines of the UK Corporate Governance Code, the Board announces that it intends to cancel all existing share options of the non executive directors, and furthermore does not intend to issue further share options to its non executive directors.

In light of the above, the Company has made a one-off award of ordinary shares in the Company to the non executive directors at a price of 5.5p. The quantum of shares awarded to each director is equivalent to their respective annual fee (net of applicable payroll taxes) at 5.5p per share, and is set out below:

* The new shares attributed to Etienne Denis were subscribed by Sapiensa sprl, a company in which the family of Mr Denis has an interest.

Application has been made to the London Stock Exchange for the Shares to be admitted to trading on AIM ("Admission"), and it is expected that Admission will occur on 24 January 2013.

In accordance with the Financial Services Authority's Disclosure and Transparency Rules ("DTR"), following the Subscription and Admission the total issued share capital of the Company with voting rights is 1,117,060,451 ordinary shares. 2,666,600 ordinary shares are currently held in treasury.

The above figure of 1,117,060,451 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the DTR.

Enquiries:

Mwana Africa PLC

Donald McAlister

Tel: +44 (0) 20 7654 5580

Nominated Adviser and Broker

Liberum Capital Limited

Michael Rawlinson / Tom Fyson / Christopher Kololian

Tel: +44 (0) 20 3100 2000

Public & Investor Relations

Tavistock Communications

Ed Portman / Mike Bartlett / Simon Hudson

Tel: +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, DRC and South Africa. Mwana was the first African owned and managed mining business to be listed on London's AIM market.

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 reflecting an annualised rate of 72,000 ozs.

In February 2012, Mwana announced a gold mineral resource of 2.01 million oz at its Zani Kodo project in Democratic Republic of Congo.

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

In September 2012, Mwana's subsidiary, Bindura Nickel Corporation, concluded a restructuring and recapitalisation involving US$23m being invested into BNC which has allowed it to restart operations at its Trojan nickel mine. First sale of concentrate to Glencore International is expected in Q2 2013.

In December 2012, the Company announced its unaudited half year results for the six months to 30 September 2012 in which it achieved a return to profitability.

Further information on the Company can be found at www.mwanaafrica.com.