U.S. Markets close in 4 hrs 36 mins

Resource Update for Yaoure Gold Project

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 To view the full text of this press release, paste the following link into your web browser: http://www.rns-pdf.londonstockexchange.com/rns/7247A_1-2013-3-24.pdf This information is provided by RNS The company news service from the London Stock Exchange END