Sovereign Mines of Africa Regulatory News (SMA)

12 July 2012

Sovereign Mines of Africa PLC

("SMA" or "the Company")

Director Dealings

On 11 July 2012, Mr Nathan Steinberg, Finance Director of the Company, purchased 95,000 ordinary shares of 1p each in the Company ("Ordinary Shares") at a price of 4.7p per share, on behalf of his son.

As a result Mr Steinberg's direct and indirect interest has increased to 1,100,000 Ordinary Shares representing 0.56% of the issued share capital of the Company.

Mr Steinberg's holding above includes 100,000 Ordinary Shares held by Mr Steinberg's son.

Enquiries:

SOVEREIGN MINES OF AFRICA PLC

David Pearl, F.C.A. - Chairman +353 696 8961

david.pearl@pearlcp.com

SHORE CAPITAL - NOMINATED ADVISER & BROKER

Toby Gibbs/Bidhi Bhoma - Corporate Finance

Jerry Keen - Corporate Broking +44 207 408 4090

Peterhouse Corporate Finance

Jon Levinson/Tom Stockton +44 207 469 0935

SQUARE1 CONSULTING LIMITED

David Bick/Mark Longson +44 207 929 5599