Resource Update for Yaoure Gold Project

Marketwired

LONDON--(Marketwire - Mar 25, 2013) -



25 March 2013 (LSE: AMA)/(TSX: AMZ)

Amara Mining plc
("Amara" or "the Company" or "the Group")

RESOURCE UPDATE FOR YAOURE GOLD PROJECT

Amara Mining plc, the dual AIM and TSX-listed West African focused gold
mining company, is pleased to announce an updated NI 43-101 compliant
Mineral Resource estimate for its 90% owned Yaoure Gold Project
("Yaoure") in Cote d'Ivoire.

HIGHLIGHTS

- 1.7 million ounce sulphide Inferred Mineral Resource delineated
at Yaoure (34.6Mt at 1.52g/t)1

- Indicated Mineral Resource upgraded to 0.3 million ounces (8.0Mt
at 1.31g/t) 1, 2

- Mineral Resources contained within 40% of the total mineralised
volume drilled to date

- Further Mineral Resource update expected in H2 2013 from on-going
in-fill drilling campaign

- Resource grade is expected to be updated through definition of
additional resources via in-fill drilling below the higher grade CMA
North-Central pit

- Resource is open at depth and along strike with all 106 holes
drilled in 2011/12 encountering mineralisation

- Initial metallurgical testwork has confirmed the non-refractory
nature of the gold mineralisation with 94% recovery in a conventional
carbon-in-leach ("CIL") circuit

- Preliminary Economic Assessment ("PEA") is expected to be
completed in Q4 2013

- Location of Yaoure is highly advantageous due to close proximity
to Kossou dam, which offers cheap hydo-electric power and abundant
water, excellent roads and accommodation

1. Using a 0.8g/t cut-off

2. Previously 0.2 million ounces Measured and Indicated (4.9Mt
at 1.6g/t) using a 0.5g/t cut-off, an uplift of 90,000 ounces

For more information please contact:

Amara Mining plc +44 (0)20 7398 1420
John McGloin, Chairman
Peter Spivey, Chief Executive Officer
Pete Gardner, Finance Director
Katharine Sutton, Head of Investor Relations

Canaccord Genuity Limited +44 (0)20 7523 8000
(Nominated Adviser & Broker, London)
Andrew Chubb
Sebastian Jones
Tim Redfern

Pelham Bell Pottinger +44 (0)20 7861 3232
(Financial Public Relations)
Charles Vivian
Lorna Spears
James MacFarlane

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http://www.rns-pdf.londonstockexchange.com/rns/7247A_1-2013-3-24.pdf

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