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Exercise of Options

LONDON, UNITED KINGDOM -- (Marketwire) -- 11/29/12 -- Amara Mining plc (AIM:AMA)(TSX:AMZ) has received notice that, on 23 November 2012, an employee of the Company exercised options over 42,000 ordinary shares of 1p each in the Company ("Ordinary Shares").

Pursuant to the exercise of these options, the Company has made application to the London Stock Exchange for 42,000 new Ordinary Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective on 5 December 2012.

Following this notification, the Company has 168,089,937 Ordinary Shares in issue.

Contacts:
Amara Mining plc
John McGloin
Chairman
+44 (0)20 7398 1420

Amara Mining plc
Peter Spivey
Chief Executive Officer
+44 (0)20 7398 1420

Amara Mining plc
Pete Gardner
Finance Director
+44 (0)20 7398 1420

Amara Mining plc
Katharine Sutton
Head of Investor Relations
+44 (0)20 7398 1420

Canaccord Genuity Limited
(Nominated Adviser & Broker, London)
Rob Collins
+44 (0)20 7523 8350

Canaccord Genuity Limited
(Nominated Adviser & Broker, London)
Sebastian Jones
+44 (0)20 7523 8350

Canaccord Genuity Limited
(Nominated Adviser & Broker, London)
Joe Weaving
+44 (0)20 7523 8350

Pelham Bell Pottinger
(Financial Public Relations)
Charlie Vivian
+44 (0)20 7861 3232

Pelham Bell Pottinger
(Financial Public Relations)
Daniel Thole
+44 (0)20 7861 3232

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

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