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TR-1: Notification of Major Interest in Shares

LONDON, UNITED KINGDOM -- (Marketwire) -- 01/30/13 -- Amara Mining plc (AIM:AMA)(TSX:AMZ) -


For filings with the FSA include the annex                                  
For filings with issuer exclude the annex                                   
                                                                            
----------------------------------------------------------------------------
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES                              
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
1. Identity of the issuer or the underlying issuer of  Amara Mining PLC     
 existing shares to which voting rights are attached:                       
----------------------------------------------------------------------------
2. Reason for the notification (yes/no):                                    
-------------------------------------------------------=====================
An acquisition or disposal of voting rights            Yes                  
-------------------------------------------------------=====================
An acquisition or disposal of qualifying financial     No                   
 instruments which may result in the acquisition of                         
 shares already issued to which voting rights are                           
 attached                                                                   
-------------------------------------------------------=====================
An event changing the breakdown of voting rights       No                   
-------------------------------------------------------=====================
Other (please specify):                                No                   
-------------------------------------------------------=====================
3. Full name of person(s) subject to the notification  Sprott Asset         
 obligation:                                           Management LP        
----------------------------------------------------------------------------
4. Full name of shareholder(s) (if different from 3.): Refer to Section 9.  
----------------------------------------------------------------------------
5. Date of the transaction (and date on which the      January 28, 2013     
 threshold is crossed or reached if different):                             
----------------------------------------------------------------------------
6. Date on which issuer notified:                      January 29, 2013     
----------------------------------------------------------------------------
7. Threshold(s) that is/are crossed or reached:        Below 3%             
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
8. Notified details:                                                        
----------------------------------------------------------------------------
A: Voting rights attached to shares                                         
----------------------------------------------------------------------------
Class /  Situation previous   Resulting situation after the triggering      
 type of to the triggering    transaction                                   
 shares  transaction                                                        
         -------------------------------------------------------------------
if       Number    Number     Number     Number of voting  Percentage of    
possible of        of         of shares  rights            voting rights    
using    Shares    Voting                                                   
the ISIN           Rights                                                   
CODE                                     -----------------------------------
                                         Direct  Indirect  Direct Indirect  
----------------------------------------------------------------------------
Ordinary 5,499,000 5,499,000  4,929,000          2.9%             2.9%      
 Shares                                                                     
                                                                            
                                                                            
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
B: Financial Instruments                                                    
----------------------------------------------------------------------------
Resulting situation after the triggering transaction                        
----------------------------------------------------------------------------
Type of financial  Expiration  Exercise /       Number of voting  Percentage
 instrument        date        Conversion       rights that may   of voting 
                               Period /date     be acquired       rights    
                                                (if the           
                                                instrument is              
                                                exercised/                 
                                                converted)                 
----------------------------------------------------------------------------
N/A                                                                         
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
Total (A+B)                                                                 
----------------------------------------------------------------------------
Number of voting rights                  Percentage of voting rights        
----------------------------------------------------------------------------
4,929,000                                2.9%                               
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
9. Chain of controlled undertakings through which the voting rights and/or  
 the financial instruments are effectively held, if applicable:             
----------------------------------------------------------------------------
                                                                            
Sprott Asset Management LP is the portfolio manager acting on behalf of the 
 Sprott Canadian Equity Fund, Sprott Bull/Bear RSP Fund, Sprott Hedge Fund  
 L.P., Sprott Hedge Fund L.P. II, Sprott Master Fund, Ltd., Sprott Master   
 Fund II, Ltd., and certain Sprott Managed Accounts.                        
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
Proxy Voting:                                                               
----------------------------------------------------------------------------
10. Name of the proxy         N/A                                           
 holder:                                                                    
----------------------------------------------------------------------------
11. Number of voting rights   N/A                                           
 proxy holder will cease to                                                 
 hold:                                                                      
----------------------------------------------------------------------------
12. Date on which proxy       N/A                                           
 holder will cease to hold                                                  
 voting rights:                                                             
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
13. Additional information:                                                 
----------------------------------------------------------------------------
14. Contact name:             Maggie Tang                                   
----------------------------------------------------------------------------
15. Contact telephone                                                       
 number:                                                                    
----------------------------------------------------------------------------

For notes on how to complete form TR-1 please see the FSA website

Contacts:
Amara Mining plc
Catherine Apthorpe, Company Secretary
Katharine Sutton, Head of Investor Relations
+44 (0)20 7398 1420

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