Asa Resources Regulatory News (ASA)

This replaces the Board Change announcement made today at 07:01 BST under RNS number 7266P.

The original announcement incorrectly stated that Mr Mpinga had left by mutual consent. Also the announcement didn't mention that the terms of Mr Mpinga's departure are still to be agreed by both parties. All other details of the announcement remain unchanged.

10 June 2015

Mwana Africa PLC

("Mwana" or the "Company")

Board Change

Mwana announces the departure of Mr Kalaa Mpinga as Chief Executive Officer of the Company with immediate effect. The terms of Mr Mpinga's departure are still to be agreed by both parties.

Mr Yat Hoi Ning, formerly Interim Non-Executive Chairman, has become Executive Chairman of the Company and Dr Scott Morrison, who was appointed as a Non-Executive Director of Mwana at the EGM yesterday, has become Senior Independent Non-Executive Director. These changes have been approved by the Board of Directors and will take effect immediately.

The nominations committee, which comprises of Mr Ning, Mr Wellesley-Wood and Dr Morrison, will now initiate an executive search to find a suitable successor to fill the position of Chief Executive Officer.

Mr Yat Hoi Ning, Executive Chairman of Mwana, commented: "Mr Mpinga has been a great asset in the creation of Mwana and throughout its development to date. We wish him all the best in the future.

"With these recent changes to the Board having now taken place it marks a clear new beginning for Mwana and its shareholders, and we are confident that we have all the necessary qualities and experience to deliver success in the future."

For further information contact:

Mwana Africa PLC

Scott Morrison, Senior Independent Non-Executive Director

Amilha Young, Group General Counsel and Company Secretary 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.