Issue of two gold exploration permits in Togo

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

8 January 2013

         Premier African Minerals Limited (`Premier' or `the Company')         

                 Issue of two gold exploration permits in Togo                 

Premier African Minerals Limited, the AIM quoted multi-commodity natural
resource company with mineral projects located in Western and Southern Africa,
is pleased to announce that two gold Exploration Permits in the Dapaong area of
Togo (`Dapaong' or `the "Project') which were stated as having been approved in
the Company's AIM Admission Document dated 4 December 2012, have now been
formally issued to the Group. The total area under permit is 400 sq km.

Highlights:

  * Dapaong is considered to be highly prospective for gold due to location and
    geological setting;
   
  * Project underlain by volcanic and sedimentary Birimian-aged intrusive
    rocks, the geology that hosts major mines in Ghana, Mali & Burkina Faso;
   
  * Significant artisanal activity across the licence, which has not yet been
    subject to a systematic exploration programme for gold;
   
  * Using its existing resources in Togo, the Company intends to immediately
    commence exploration in order to quantify the full potential of this highly
    prospective area;
   
  * The Project adds to the Company's already extensive portfolio of mineral
    assets in Southern and West Africa, which are in various stages of
    development.
   
Information on the Dapaong Permits

Dapong consists of two permits, covering 400 sq km, for the exploration of gold
and associated metals, which are valid for an initial period of three years.

The Project is underlain by volcanic and sedimentary Birimian-aged intrusive
rocks with minor volcano-sedimentary sequences, quartz veins and pegmatites,
which form part of the larger West African Craton geologic region. Gold
mineralisation generally occurs along north to north east trending shear zones
and faults that cut Birimian belts or form the margins of these Birimian belts
where sedimentary rocks often include paleo-placer gravels. Substantial gold
mineralisation has previously been discovered within Birimian-aged formation
belts located in Ghana, Côte d'Ivoire, Mali, Guinea and Burkina Faso. Major
gold mines in the region include Tarkwa in Ghana operated by GoldFields which
has a 15.Moz resource and produces circa 700,000 oz per annum; Oubasi mine in
Ghana operated by AngloGold which produces circa 300,000 oz of gold per annum;
and the Youga gold mine operated by Etruscan Resources in southern Burkina Faso
which produces circa 80,000 oz of gold per annum.

Multiple rivers draining Birimian rocks in the West African Craton hold
alluvial gold deposits and an initial reconnaissance visit by Premier
geological teams have already identified four areas in the drainage systems
where there has been recent artisanal activity.

The Project is considered to be highly prospective for gold, having extensive
artisanal activity but has not yet been the subject of systematic exploration.
The Board believes that the area offers excellent development potential due to
its location and geological signature. Accordingly, using its existing
resources in Togo, the Company intends to immediately commence exploration in
order to quantify the full potential of the highly prospective area.

George Roach, Chief Executive Officer of Premier African Minerals Limited,
said: "The Dapaong Project in northern Togo is an exciting addition to
Premier's diversified multi-commodity portfolio. Given the substantial size of
the Project, the presence of Birimian-aged mineralisation, which has been
proven to host commercial gold deposits across Western Africa, and the
significant levels of artisanal activity, we consider Dapaong to have excellent
development potential.

"This is the first announcement since our AIM listing in December 2012 and it
underlines our aggressive development strategy aimed at both advancing our
existing portfolio, which consists of a number of pre-production assets, and
increasing our asset base to build shareholder value. We expect to be active in
2013, as we look to continue with the development of our RHA and Katete
projects, which are highly prospective for tungsten and Rare Earth Elements
respectively. In regard to these properties, we look forward to updating
shareholders in due course."

A PDF version of this announcement including a map showing the geology of the
Dapaong Gold Project in northern Togo and location map can be viewed on the
Company's website www.premierafricanminerals.com.

                                   **ENDS**                                    

For further information please visit www.premierafricanminerals.com or contact
the following:

Pamela Hueston    Premier African Minerals      Tel: [phone]
                  Limited                                                
                                                                         
Tony Rawlinson    Cairn Financial Advisers LLP  Tel: [phone]
                  (Nominated Adviser)                                    
Cairn Financial                                                          
Advisers LLP                                                             
                                                                         
Tel: +44 (0) 207                                                         
148 7900                                                                 
                                                                         
Jerry Keen        Shore Capital Stockbrokers    Tel: [phone]
                  Limited                                                
                                                                         
Ed Mansfield      Shore Capital Stockbrokers    Tel: [phone]
                  Limited                                                
                                                                         
Felicity Edwards  St Brides Media & Finance Ltd Tel: [phone]

Qualified Person:

The technical information contained in this announcement has been reviewed by
Bruce Cumming, Technical Director, Premier African Minerals Limited. Mr 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) to qualify as a Qualified Person for the purposes of this
announcement and has reviewed the text of this announcement and is satisfied
with the accuracy and precision of this release by Premier African Minerals
Limited.