RHA Tungsten Zimbabwe Update

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

16 September 2013

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

 Updated Results from RHA Tungsten Preliminary Economic Assessment and Concept 
                                 Mining Study                                  

Premier African Minerals Limited, an AIM quoted multi-commodity natural
resource company with mineral projects located in Western and Southern Africa,
is pleased to announce positive results from additional technical study work at
the Company's flagship RHA Tungsten Project (`RHA' or `the Project'), located
in the prospective Kamativi Tin Belt in north-west Zimbabwe. The work has
extended the proposed open pit mine life and further enhanced the robust
economics of recommencing low-cost mining activities at RHA in late 2014.

Since the positive Preliminary Economic Assessment (`PEA') and Concept Mining
Study results were announced (see press release 28 August 2013), which
highlighted the economic viability of RHA supporting a low-capex 192,000 tonnes
per annum tungsten-bearing ore operation over a six year mine life, further
optimisation work has been undertaken by independent mining consultants Royal
Haskoning DHV (formally Turgis Mining Consultants) in respect to developing
RHA. A Whittle computer design optimisation was recently completed on the
proposed open pit at RHA, which indicates a revised lower stripping ratio of
6.2:1 (10:1 was assumed in the initial mining study), and an optimal open pit
life of circa 16 months, compared with 12 months previously estimated. In line
with this, we are in active discussions with potential funders for the project
and possible off-take partners as one route to fast-track RHA towards
production in the near-term with a target production of late 2014. The Company
aims to commence open pit production development in late 2014, with underground
mining development to commence thereafter to fulfil the Project's projected six
year life of mine.

The new pit design is targeted to increase the undiscounted before tax Net
Present Value (`NPV') of RHA to US$120 million (US$118 million previously), and
the before tax Internal Rate of Return (`IRR') to 378% (316% previously). All
other results for the RHA Project remain as per the press release of 28 August
2013. To view this release and other relevant information please visit the
Company's website at www.premierafricanminerals.com.

Commenting on this extension, Premier's CEO George Roach said, "I am delighted
to announce this positive upgrade to our recent PEA and Concept Mining Study
that further highlights the attractiveness of our flagship RHA tungsten
project. With a revised NPV of US$120 million and a significantly increased IRR
before tax of 378% now projected, coupled with the low-capex nature of the
Project with estimated costs of US$13.5 million, excellent infrastructure,
low-strip ratio and a relatively simple processing route anticipated, we
approach the next stages of development with confidence. We are in active
discussions with potential off-take partners and we look forward to updating
the market on the development of RHA over the coming months."

Qualified Person

The technical information contained in this announcement has been prepared and
reviewed by Alexander du Plessis PrEng, BSc(Eng), MSc(Eng), CertEng, FSAIMM,
who is a consultant to Premier African Minerals Limited. Professor du Plessis
is also a director of the Company. He is registered with the Engineering
Council of South Africa (ECSA) Registration Number 950232. He is satisfied with
the accuracy and precision of this release by Premier African Minerals Limited.

                                   **ENDS**                                    

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

Pamela Hueston    Premier African Minerals Limited       Tel: [phone]                  
                                                                               
Tony Rawlinson    Cairn Financial Advisers LLP (Nomad)   Tel: [phone]                  
                                                                               
Jerry Keen        Shore Capital Stockbrokers Limited     Tel: [phone] 
                  (Broker)                                     
                                                                               
Edward Mansfield  Shore Capital Stockbrokers Limited     Tel: [phone] 
                  (Broker)                                       
                                                                               
Felicity Edwards  St Brides Media & Finance Ltd (PR)     Tel: [phone]                  
                                                                               
Charlotte Heap    St Brides Media & Finance Ltd (PR)     Tel: [phone]                  


About Premier

Premier African Minerals Limited is a multi-commodity exploration and
development company focussed in Southern and West Africa. As well as its
shareholding in TSX-V quoted AgriMinco, the Company has a diverse portfolio of
multi-commodity projects which includes tungsten, rare earth elements (`REE'),
gold, lithium, tantalum and uranium in Zimbabwe and Togo, which span from
brownfield projects with near-term production potential to grass-roots
exploration. Premier plans to create value by implementing defined exploration
and development programmes to prove-up resources with a view to future
production and/or forming strategic alliances and completing corporate
transactions to maximise shareholder value.

Premier is a control party to TSX-V listed AgriMinco (TSX-V: ANO), holding 120
million shares representing 42% of AgriMinco. See www.agriminco.com. In
addition, Premier's Katete REE project in Zimbabwe has the potential to be
developed as an open pit mine. The project, which spans 3,750 ha, has returned
a peak result from trenching of 14.6% TREO.