Updated gold resource estimate at Zani-Kodo

Mwana Africacnc steel cutter sand blast PLC is pleased to announce an updated JORC compliant resource estimate for the Zani-Kodo gold project in the Ituri Region of north eastern DRC, in which Mwana has an 80% interest.

Summary:

• JORC compliant gold resource of 1.25 million ounces at 1g/t cut-off, a 98% increase since February 2010

o Indicated gold resource of 260,000 ounces, 18% increase since February 2010
o Inferred gold resource of 1,000,000 ounces, 140% increase since February 2010
o Overall resource grade increased from 2.8g/t to 3.5 g/t

• Resource remains open at depth and along strike


• Current drilling targeting new Kodo South discovery and prospects along the Zani-Kodo trend in addition to infill drilling


• AMEC Minproc engaged to conduct Preliminary Scoping Study

Since the most recent resource update in February 2010, results have been received for a further 20 diamond drill holes. The majority of these holes were drilled on a 50m x 50m grid and have primarily targeted the down dip extension of the high grade Kodo Main shoot.