PREMIER AFRICAN MINERALS LTD: AgriMinco Update

Premier African Minerals Limited / Ticker: PREM / Index: AIM / Sector: Mining 


                                                                10 January 2014
                       Premier African Minerals Limited                        
                         (`Premier' or `the Company')                          
                               AgriMinco update                                

Premier African Minerals Limited (AIM: PREM) announces that AgriMinco Corp (TSX
VENTURE: ANO) ("AgriMinco" ) announced that its joint venture partner and
operator, Danakil Potash Corporation ("Danakil Corp.") has completed the Phase
I exploration program, which included a resource drilling program on the
Danakil potash license (the "License").

Premier has a 42 per cent. shareholding in AgriMinco. Accordingly, a copy of
the announcement issued by AgriMinco is reproduced below without material
adjustment or amendment:

AgriMinco Announcement:

"TORONTO, ONTARIO -- (January 7, 2014)

AgriMinco Corp. (TSX VENTURE: ANO) ("AgriMinco" or the "Company") is pleased to
announce its joint venture partner and operator Danakil Potash Corporation
("Danakil Corp.") has completed the Phase I exploration program, which included
a resource drilling program on the Danakil potash license ("the License"). The
Phase I drilling program consisted of 24 holes, totalling 7,893 metres, of
which 1,074 metres were twinned data holes from AgriMinco's previous drilling
program (see figure 1 for full drilling plan). In total, 1,569 samples have
been submitted for assay work. The results will be compiled into a NI 43-101
compliant mineral resource estimate, anticipated to be completed in first
quarter of 2014, which will then be followed by a full scoping study of the
project.

In July 2013, AgriMinco disposed of its option agreement to acquire the shares
of G&B Central African Resources Limited to Danakil Holdings Limited (the
"JVCo"), in which it retained a 30 % interest, as is described in press
releases of July 4, 2013 and November 27, 2013. To date, the JVCo has forecast
expenditure to December 31, 2013 of US$12.85 million relating to the
development of the License. As per the terms of the JVCo Agreement, AgriMinco
has a free-carry interest of US$10 million in total, and thereafter, despite
expenditure in excess of the free carry, AgriMinco is only required to make up
its share of pro-rata expenses in excess of the free carry and its future
contribution, on March 31, 2014. Failure to do so within seven days of March
31, 2014, will result in the Company's interest in the License being diluted.

AgriMinco's CEO, George Roach comments, "I am very pleased with the quality and
progress that Danakil Corp. has made during the Phase I work program.
The Licensed area has real potential to develop into a mine and I am confident
that the planned mineral resource estimate scheduled for completion in early
2014, will support the project potential."

K-UTec Salt Technologies ("K-UTec"), German consulting firm with expertise in
potash mining, were selected and appointed as the resource experts for the
completion of the NI 43-101 compliant report. K-UTec have conducted two QA/QC
site visits, and approved all site methodology involved in data acquisition. In
addition, they have constructed a geological model using existing geological
and sampling data, and will augment this as further assay and geophysical data
becomes available. Development of the mining concept is well advanced and cost
estimations for the project is being assessed by the joint venture partners.

Desktop studies on the local environmental conditions and hydro-geology are in
progress, and final reports are expected before the end of January. In both
cases the studies will make recommendations on actions required for the next
phase of exploration, and the hydro-geological study will include the detailed
planning of the water exploration project envisioned for the early part of
2014.

The geophysical surveys are progressing well with a 90% success rate achieved
on survey attempts so far. A partial data set comprising the geophysics
available to date has been sent for integration into the geological model, so
that the impact can be seen and optimisation of the data can be fed back to the
geophysics team prior to them finalising their readings."

The full details of AgriMinco's announcement can be found at: 
www.agriminco.com.

Pamela Hueston    Premier African Minerals Limited  Tel: +44 (0) 755 778 3855  


                                                                           
Michael Cornish / Beaumont Cornish Limited          Tel: +44 (0) 207 628 3396  
Roland Cornish    (Nominated Adviser)                                            
               
                                                        
Jerry Keen/Edward Shore Capital Stockbrokers        Tel: +44 (0) 207 408 4090  
Mansfield         Limited                                                       
                                                                           
Tim Blythe/       Blythe Weigh Communications       Tel: +44 (0) 207 138 3204  
Halimah Hussain                                                                 
For further information please visit www.premierafricanminerals.com or contact
the following: 
Qualified Person 
Bruce Cumming holds a Bachelor of Science (Honours) in Geology from the
University of Cape Town and is accredited to the South African Counsel for
Natural Scientific Professionals (SACNASP). Mr. Cumming has sufficient
geological experience (over 35 years) and is a Qualified Person as defined
under National Instrument 43-101 and has reviewed and approved the scientific
and technical information presented in this release. 
Notes 
Premier African Minerals Limited (AIM: PREM) is a multi-commodity exploration
and development company focused in Southern and West Africa. As well as its 42
per cent. shareholding in TSX-Venture quoted AgriMinco (see www.agriminco.com),
the Company has a diverse portfolio of multi-commodity projects which includes
tungsten, rare earth elements, gold, lithium, tantalum and uranium in Zimbabwe
and Togo, which span from brownfield projects with near-term production
potential to grass-roots exploration. 
END 
-0- Jan/10/2014 08:15 GMT
 
 
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