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Zimbabwe update

12 February 2010

London, 12 February 2010- Mwana Africa PLC ("Mwana") notes the recent publication in Zimbabwe of indigenisation and economic empowerment regulations, and the resulting coverage in the media.

The Chamber of Mines of Zimbabwe, of which Mwana's subsidiaries, Bindura Nickel Corporation and Freda Rebecca Gold Mine, are members, is currently in discussions with the relevant authorities with respect to the application of these regulations to the mining industry.

Enquiries:
Mwana Africa PLC

Oliver Baring, Chairman
Tel: 020 7654 5580

Canaccord Adams Limited

Mike Jones / Robert Finlay
Tel: 020 7050 6500

Merlin

Tom Randell /Anca Spiridon
Tel: 020 7726 8400

Key listing data

Share code: MWA
Market: AIM
Listing date:26 Oct 2005
Index:FTSE AIM All-Share Index
Sector:Basic Resources;
Sub‑sector:Gold Mining
Country of register:Great Britain
Segment:AMSM
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