TR-1: Notification of Major Interest in Shares

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LONDON, UNITED KINGDOM--(Marketwire - Jan. 30, 2013) - Amara Mining plc (AMA.L)(AMZ.TO) -

For filings with the FSA include the annex  
For filings with issuer exclude the annex  
 
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
   
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: Amara Mining PLC
2. Reason for the notification (yes/no):
An acquisition or disposal of voting rights Yes
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached No
An event changing the breakdown of voting rights No
Other (please specify): No
3. Full name of person(s) subject to the notification obligation: Sprott Asset Management LP
4. Full name of shareholder(s) (if different from 3.): Refer to Section 9.
5. Date of the transaction (and date on which the threshold is crossed or reached if different): January 28, 2013
6. Date on which issuer notified: January 29, 2013
7. Threshold(s) that is/are crossed or reached: Below 3%
   
8. Notified details:
A: Voting rights attached to shares
Class / type of
shares


if possible using the ISIN CODE
Situation previous
to the triggering
transaction
Resulting situation after the triggering transaction
Number
of
Shares
Number
of
Voting
Rights
Number
of shares
Number of voting
rights
Percentage of voting rights
Direct Indirect Direct Indirect
Ordinary Shares 5,499,000 5,499,000 4,929,000   2.9%   2.9%
 
 
B: Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument Expiration
date
Exercise / Conversion Period /date Number of voting
rights that may be
acquired (if the
instrument is
exercised/ converted)
Percentage of voting
rights
N/A        
 
 
Total (A+B)
Number of voting rights Percentage of voting rights
4,929,000 2.9%
 
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:

Sprott Asset Management LP is the portfolio manager acting on behalf of the Sprott Canadian Equity Fund, Sprott Bull/Bear RSP Fund, Sprott Hedge Fund L.P., Sprott Hedge Fund L.P. II, Sprott Master Fund, Ltd., Sprott Master Fund II, Ltd., and certain Sprott Managed Accounts.
 
Proxy Voting:
10. Name of the proxy holder:   N/A
11. Number of voting rights proxy holder will cease to hold:   N/A
12. Date on which proxy holder will cease to hold voting rights:   N/A
 
13. Additional information:    
14. Contact name:   Maggie Tang
15. Contact telephone number:    

For notes on how to complete form TR-1 please see the FSA website

Contact:
Amara Mining plc
Catherine Apthorpe, Company Secretary
Katharine Sutton, Head of Investor Relations
+44 (0)20 7398 1420

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