Asa Resources Regulatory News (ASA)

13 August 2013

Mwana Africa PLC

("Mwana" or the "Company")

Trojan Mine Plan Update

Mwana is pleased to announce that Bindura Nickel Corporation ("BNC") has completed the internal review of the revised mine plan at its Trojan Mine ("Trojan"). The Trojan mine plan has been revised to target the higher grade zones of the ore body, known as "massives", following the recent fall in the nickel price.

The occurrence of the massives enables higher grade ore to be mined and thus reduces the cost per tonne of nickel produced. The table below shows the difference between the original mine plan and the revised forecast mine plan on a three year basis.

BNC has sold over 1,000 tonnes of nickel since the first concentrate was sold in April 2013 following the restart at Trojan. BNC management is already successfully applying the new mine plan at Trojan and is confident that the new plan will significantly improve BNC's cash flow and reduce its working capital requirements. BNC is in the process of seeking debt finance from Zimbabwean banks for the reduced working capital requirement.

Further updates will be announced in due course.

 For further information 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

Joint Broker

Peel Hunt LLP Tel: +44 (0)20 7418 8900

Matthew Armitt / Andy Crossley

Public & Investor Relations

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

Ed Portman / Mike Bartlett / Simon Hudson

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.

Mwana's Freda Rebecca gold mine in Zimbabwe, having restarted operations in 2009, produced 65,350 ozs of gold in the 12 months to March 2013.

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 February 2013, Mwana announced it had signed a Joint Venture Agreement with Zhejiang Hailiang Company Limited to jointly explore some of its copper license areas in the Katanga Province of the DRC.

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