Amara Mining plc ("Amara" or "the Company"): 2013 Audited Full Year Results

Amara Mining plc ("Amara" or "the Company"): 2013 Audited Full Year Results 
LONDON, UNITED KINGDOM -- (Marketwired) -- 04/15/14 --  Amara Mining
plc (AIM: AMA), the AIM-listed West African focused gold mining
company, is pleased to announce its audited results for the year
ended 31 December 2013. 

--  Three key milestones for 2013 achieved and Amara is now
    well-positioned for the next phase of its growth
--  Preliminary Economic Assessment ("PEA") delivered for the Yaoure Gold
    Project ("Yaoure") with compelling returns, including a 32% Internal
    Rate of Return ("IRR") and a US$688 million Net Present Value ("NPV")
    at a gold price of US$1,250 and a discount rate of 8%
--  6.3 million ounce Mineral Resource update announced at Yaoure, growing
    Amara's total resources to 10.1Moz, the largest resource base of any
    London-listed junior gold mining company(1)
--  4.2 million ounces within a US$950 per ounce pit shell at Yaoure and
    significant exploration upside potential - 2014 in-fill drilling
    programme has commenced
--  Strong financial position and fully funded to advance Yaoure to
    Pre-Feasibility Study ("PFS") in Q1 2015 following placing to raise
    GBP  18.2 million (US$30 million) and open offer to raise GBP  0.3
    million (US$0.5 million)
--  Feasibility Study ("FS") delivered for Baomahun Gold Project
    ("Baomahun") and first phase of optimisation work has demonstrated the
    transformational underground opportunity
--  Further optimisation of Baomahun FS ongoing, including planning for a
    highly targeted drilling campaign to increase in-pit resources
--  Kalsaka Gold Mine ("Kalsaka") and Sega Gold Project ("Sega")
    integrated in 16 months - rapid timeline from acquisition to
--  Production guidance of 60,000-70,000 ounces for Kalsaka/Sega Gold Mine
    ("Kalsaka/Sega") in 2014 at a total cash cost of US$900-1,000 per
--  Significant cost efficiency measures implemented to ensure Amara is
    well positioned to adapt to the current challenging market environment

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