Bindura Nickel Interim Results 30 September 2015

2 December 2015

Asa Resource Group PLC

(the "Group" or the "Company")

Bindura Nickel Corporation - Release of Interim Financial Results

for the six months ended 30 September 2015

The Company wishes to announce that Bindura Nickel Corporation ("BNC"), a 74.73% owned subsidiary, has released for publication its unaudited interim results for the six months ended 30 September 2015. The results show that BNC made a loss after taxation of US$3,359,512 (2014: profit of US$8,508,317) during the period on turnover of US$ 20,559,956 (2014: US$46,386,079).

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

As previously announced, the Company expects to release its consolidated unaudited interim results for the six months ended 30 September 2015, which include the results of BNC, on 11 December 2015.

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

Asa Resource Group Plc:

1 Catherine Place, London, SW1E 6DX, United Kingdom

Yim Kwan, Finance Director or

Amilha Young, Group General Counsel and Company Secretary

Tel: +44(0) 20 3696 5470

Nominated Adviser:

Grant Thornton UK LLP

30 Finsbury Square, London EC2P 2YU, United Kingdom

Colin Aaronson / Richard Tonthat / Carolyn Sansom

Tel: +44 (0) 20 7383 5100

Financial Adviser and Corporate Broker:

Cantor Fitzgerald Europe

1 Churchill Place, Canary Wharf, London E14 5RB, United Kingdom

Stewart Dickson / Jeremy Stephenson / Patrick Pittaway

Tel: +44 (0) 20 7894 7000 

Public Relations:

Russell and Associates (South Africa)

42 Glenhove Road, Johannesburg, 2196, South Africa

Leigh King: [email protected]

Jim Jones: [email protected]

Tel: +27 (0) 11 880 3924