Bindura Nickel Financial Results to 31 March 2016

29 June 2016

Asa Resource Group Plc

("Asa Resource", "the Group" or "the Company")

Bindura Nickel Corporation - Release of Financial Results

for the Year Ended 31 March 2016

The Company wishes to announce that Bindura Nickel Corporation ("BNC"), a 74.73% owned subsidiary of Asa Resource Group Plc, has today released for publication its Audited Group Financial Results for the year ended 31 March 2016.

A copy of BNC's Results can be found at www.asaukplc.com.

Asa Resource Group will be releasing its consolidated Audited Group Financial Results for the year ended 31 March 2016, on 26 July 2016.

For further information please visit www.asaukplc.com or contact:

London:

Asa Resource Group Plc

One Fleet Place, London EC4M 7W

Yim Kwan, Finance Director

Amilha Young, Group General Counsel and Company Secretary

Tel: +44(0) 20 3696 5470

Hong Kong:

Asa Resource Group Plc

Units 509-510, Level 5, Core E, Cyberport 3, 100 Cyberport Road, Hong Kong

Samuel Ng, Investment Manager

Tel: +852 25662638

Nominated Adviser and Joint Corporate Broker

S P Angel Corporate Finance LLP

Prince Frederick House, 35-39 Maddox Street, London W1S 2PP

John Mackay, Jeff Keating

Tel: ++44 20 3470 0470

Financial Adviser and Joint Corporate Broker

Cantor Fitzgerald Europe

1 Churchill Place, Canary Wharf, London E14 5RB

Stewart Dickson, Patrick Pittaway

Tel: +44 (0) 20 7894 7000

Public Relations

E-mail: [email protected]