Asa Resources Regulatory News (ASA)

8 June 2015

Mwana Africa PLC

("Mwana" or the "Company")

High Court Petition Update

Mwana is pleased to announce that, further to the Company's announcement on 5 June 2015, China International Mining Group Corporation ("CIMGC"), a substantial shareholder in Mwana, and Mr Ning, a Non-Executive Director and associate of CIMGC, have settled with the Company all claims with respect to their petition issued in the Companies Court (part of the Chancery Division of the High Court of Justice) on 8 December 2014 against the Company.

In addition to the withdrawal of the petition against Messrs. Botha and Morris, two former directors of the Company, as detailed in the announcement on 5 June 2015, CIMGC and Mr Ning have now agreed to withdraw also their petition against the Company as part of the settlement.

For further information contact:

Mwana Africa PLC

Kalaa Mpinga, CEO

Caroline Mathonsi, Investor Relations Tel: + 44 (0) 203 696 5470

Nominated adviser and broker

Peel Hunt LLP

Matthew Armitt / Ross Allister Tel: +44 (0) 20 7418 8900

Public and investor relations

Russell and Associates

Jim Jones / Leigh King Tel: +27 (0) 11 880 3924

Tavistock

Ed Portman / Jos Simson / Mike Bartlett 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, the Democratic Republic of Congo (DRC) and South Africa.