Premier African Minerals Regulatory News (PREM)

Premier African Minerals Limited / Ticker: PREM / Index: AIM / Sector: Mining

For immediate release

7 August 2017

Premier African Minerals Limited

("Premier" or the "Company")

Zulu Lithium Drilling Update

Continues to Intersect Significant Mineralisation in the Newly Discovered South-Eastern Zone

Premier African Minerals Limited (AIM: PREM), the London listed mining and exploration company, is pleased to provide an update on its drilling programme at the Company's Zulu Lithium Project near Fort Rixon in Zimbabwe ("Zulu"). The objective of the current drilling programme is to expand the resources in the Main Zone of the claims block area and has identified a new mineralised zone with the potential to exceed the projected exploration target already established in the Main Zone. The Company previously declared Maiden Mineral Resource Estimate at Zulu of 20.1 million tonnes grading 1.06% Li₂O including 7 million tonnes grading 1.5% Li2O, and an exploration target of 60-80 million tonnes (as announced on 6 June 2017).

Highlights:

· New zone in south-east of license area has potential to exceed Main Zone tonnage.

· 14 diamond core holes completed, equivalent to 2,037.34m.

· Significant visible lithium mineralisation zones intersected in all holes.

· Hole ZDD-37, drilled in the new zone, 220m south-east of the Main Zone, contains multiple intersections, including:

Ø 5.50m from 10.00m,

Ø 12.50m from 20.00m,

Ø 2.60m from 37.50m,

Ø 1.25m from 42,90m,

Ø 4.30m from 46.70m,

Ø 2.93m from 51.77,

Ø 4.60m from 74.80m,

Ø 4.40m from 83.30m, and

Ø 7.60m from 105m.

· Diamond drill hole ZDD-38, drilled in the new zone, 270m south-east of the Main Zone, contains multiple intersections, including:

Ø 5.80m from 64.20m, and

Ø 11.40m from 73m.

· Diamond drill hole ZDD-39, drilled in the new zone, 400m south-east of the Main Zone, contains multiple intersections, including:

Ø 1.40m from 35.10m,

Ø 1.60m from 54.00m, and

Ø 6.00m from 109.30m.

George Roach, Premier's CEO, commented: "The current drilling programme has provided in-fill and expansion of the Main Zone, but more importantly, has identified a new zone with potential to exceed the already substantial resources and exploration target of the Main Zone. Samples for assay have been submitted to SGS and results will be published on receipt. These new substantial intersections of pegmatites with visually high-grade Li-bearing mineralisation in the south-east of the claims block area yet again confirm the potential of the Zulu Lithium Project and support the Board's decision to look to add value to Zulu before proceeding with any of the strategic offers Premier has received to date."

Drilling at Zulu:

The Company has now completed a further 14 drill holes, equivalent to 2,037.34m since completion of the initial 2,500m drilling programme that resulted in the Maiden Mineral Resource Estimate at Zulu of 20.1 million tonnes grading 1.06% Li₂O (as announced on 6 June 2017). The current drilling programme is focussed on expanding as well as upgrading the resources in the Main Zone, and, to delineate further the Li mineralisation in the new south-eastern zone. All of the 14 new drill holes have intersected mineralisation with ZDD-37 having the best intersections so far. The table below sets out the intersections from bore hole ZDD-37, ZDD-38 and ZDD-39.

Photos of the drill core are available on the Company's website or via the link below.

http://www.premierafricanminerals.com/investors/gallery/2017

Qualified Person:

Wolfgang Hampel, Exploration Manager of Premier African Minerals Limited, has reviewed and approved this release to the extent that reference is made to the Zulu Lithium Project. Mr Hampel has 26 years' experience in the African, American, European and Asian exploration and mining industry and holds a Diploma in Economic Geology (Dipl.-Geol.) from the Technical University of Munich. He is a registered European Geologist (EurGeol). n° 1261 with the European Federation of Geologists.

Enquiries:

Notes to Editors:

Premier African Minerals Limited (AIM: PREM) is a multi-commodity mining and natural resource development company focused in Southern and Western Africa with production started at its flagship RHA project in Zimbabwe.

The Company has a diverse portfolio of projects, which include tungsten, rare earth elements, gold, lithium and tantalum in Zimbabwe and Benin, encompassing brownfield projects with near-term production potential to grass-roots exploration. The Company has a 52% controlling stake in Mozambique-based TCT Industrias Florestais Limitada, which owns a substantial limestone deposit and forestry business located on rail in the Sofala Province of Mozambique. In addition, the Company holds 3,685,332 million shares in Circum Minerals Limited ("Circum"), the owners of the Danakil Potash Project in Ethiopia, which has the potential to be a world class asset. At present those shares are valued at US$7.3 million based on the latest price at which Circum has accepted subscriptions. Premier also has an interest in Casa Mining Limited, a privately-owned exploration company that has a 71.25% interest in the 1.2 million ounce inferred resource Akyanga gold deposit in the DRC.

Forward Looking Statements:

Certain statements in this announcement are, or may be deemed to be forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'' ''could'' "should" ''envisage'' ''estimate'' ''intend'' ''may'' ''plan'' ''will'' or the negative of those variations or comparable expressions including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth results of operations performance future capital and other expenditures (including the amount. nature and sources of funding thereof) competitive advantages business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements including risks associated with vulnerability to general economic and business conditions competition environmental and other regulatory changes actions by governmental authorities the availability of capital markets reliance on key personnel uninsured and underinsured losses and other factors many of which are beyond the control of the Company. Although any forward-looking statements contained in this announcement are based upon what the Directors believe to be reasonable assumptions. The Company cannot assure investors that actual results will be consistent with such forward looking statements.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

Glossary of Technical Terms:

"Li2O" means Lithium oxide

 "lepidolite" is the mineral name for lithium bearing mica KLi2Al(Si4O10)(F,OH)2 an important ore of lithium

"pegmatite" is an exceptionally coarse-grained igneous rock, with interlocking crystals, usually found as irregular dikes, lenses, or veins, esp. at the margins of granitic intrusions

 "petalite" is the mineral name for lithium aluminium silicate LiAl(Si4O10) an important ore of lithium

 "spodumene" is the mineral name for lithium aluminium silicate LiAlSi2O6 an important ore of lithium.

ENDS