Asa Resources Regulatory News (ASA)

14 September 2012

Mwana Africa PLC

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

Result of Annual General Meeting

Mwana Africa is pleased to announce that at its Annual General Meeting held at 12:00 pm on 14 September 2012, all resolutions were duly passed.

Oliver Baring, Non-Executive Chairman, provided an update to shareholders at the meeting on the Company's activities:

"I think that it is fair to say that we have been successful on a number of fronts.

At the Freda Rebecca Gold Mine we have seen our production rates more than double to approximately 70,000 ounces per annum today. Freda Rebecca has now been transformed from a moribund mine in 2009 to once again being the largest gold producer in Zimbabwe.

At Bindura Nickel, after a long period on care and maintenance and after protracted and complicated negotiations with creditors and workforce, we have now reached the stage where we can underwrite the funding of the restart of operations at the Trojan Mine. I believe that this will mark the first stage in the rehabilitation of the greater Bindura Complex and that we will in time restart the smelting and refining operations and develop the Hunters Road nickel project.

The funding for the restart of the Trojan Mine has been made possible by Mwana's fundraising in April and by the support of Mwana's loyal shareholders. In that regard I would especially like to thank Mr Ning and CIMGC for their support of that fundraising, and for the vision and enthusiasm with which they continue to support Mwana.

More recently we have announced the signing of terms for a joint venture with Zhejiang Hailiang for the exploration of our SEMHKAT copper project Katanga in the DRC. This will introduce significant funding to an asset that, due to our own capital constraints, we have hitherto been unable to explore as proactively as we would have liked.

Exploration at Zani Kodo continues and in February we announced an expanded resource of 2.01 million ounces. Exploration continues to generate very positive results and we will be providing a further update in October. "

For further information please visit www.mwanaafrica.com or contact:

Mwana Africa PLC Tel: +44 (0)20 7654 5580

Donald McAlister / Lorenz Werndle

Nominated Adviser and Broker

Liberum Capital Limited Tel: +44 (0)20 3100 2000

Michael Rawlinson / Tom Fyson / Christopher Kololian

Public & Investor Relations

Tavistock Communications Tel: +44 (0)20 7920 3150

Ed Portman / Simon Hudson / Mike Bartlett

About Mwana Africa PLC

Mwana Africa PLC is a pan-African, multi-commodity resources company. Mwana's principal operations and exploration activities cover gold, nickel and other base metals, and diamonds in Zimbabwe, the 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 restarted operations in 2009 and achieved its target production rate of 50,000 ounces gold per annum in 2011.

In February 2012, Mwana announced a gold mineral resource of 2.01 million ounces 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 licenses in the Katanga Province of the DRC.

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