Central Asia Metals Regulatory News (CAML)

9 December 2013

CENTRAL ASIA METALS PLC

("CAML" or the "Company")

Appointment of Director

Central Asia Metals plc (AIM:CAML), a copper producing company focussed on base metals in Central Asia, is pleased to announce the appointment of Mr Kenges Rakishev as a Non-Executive Director of the Company with immediate effect.

As announced on 29 October 2013, Mr Rakishev's appointment follows the transfer of the remaining 40 per cent. of the Kounrad Copper Company LLP in Kazakhstan ("KCC Transaction").

Mr Rakishev is a prominent business leader in Kazakhstan. He serves as chairman of the board of directors for a number of large companies including SAT & Company (KASE: SATC), a diversified industrial holding company, Jinsheng SAT (Tianjin) Commercial and Trading Co.Ltd, Baicheng Jinsheng Nickel Industry Co.Ltd, Taonan City Jinsheng Metallurgical Products Co.Ltd, Ulanhot Jinyuanda Heavy Chemical Industry Co.,Ltd. He also serves as chairman of NASDAQ-listed Net Element International, Inc. (NETE). He is a founder of Genesis Angels, a private investment fund dedicated to early stage advanced technology companies. Mr Rakishev holds a B.A. (Law) from the Kazakh State Law Academy and a B.A (International Economics) from the Kazakh Economic University. He also holds an AMP Diploma from Oxford University.

Mr Rakishev's appointment will allow the Company to further capitalise on his relationships, experience and expertise, supporting the Company's strategy going forwards.

Save as set out in the Appendix to this announcement, there are no additional disclosures required under Rule 17 and Schedule 2, paragraph (g) of the AIM Rules for Companies.

Nigel Hurst-Brown, Non-Executive Chairman commented:

"I am very pleased to welcome Kenges to the Board. He brings a wealth of experience and knowledge of Kazakhstan's business environment, and we look forward to his contribution to the continued development of the Company."

Appendix - AIM Rule Schedule 2(g) disclosures

Mr Kenges Rakishev (aged 34) directorships in the last five years are as follows:

(1) Mr Rakishev served as a director of the Company's predecessor, Net Element, Inc., from 23 April 2012 until 2 October 2012

Mr Rakishev shareholdings in the Company:

As detailed in the announcement of 27 June 2013, completion of the acquisition (including transfer of the SUC Interest) is expected in Q1 2014. Following completion, CAML will issue 21,211,751 ordinary shares in the capital of the Company to Mr Rakishev, representing 20 per cent. of the enlarged share capital of the Company.

Enquiries:

Central Asia Metals PLC Nick Clarke +44 (0) 20 78989001

Nigel Robinson

Canaccord Genuity Limited Neil Elliot +44 (0)20 7253 8000Christopher Fincken

Mirabaud Securities LLP Peter Krens +44 (0)20 7878 3362

Pelham Bell Pottinger Charles Vivian +44 (0)20 7861 3232

Lorna Spears

Notes to Editors:

CAML

Central Asia Metals plc ("CAML" or the "Company") is an AIM-listed UK company based in London. Its countries of operation are Kazakhstan and Mongolia. CAML is a copper producing company focussed on base metals.