CLOSING OF SHARE PURCHASE PLAN

4 April 2013

Nyota Minerals Limited ("Nyota" or the "Company")

CLOSING OF SHARE PURCHASE PLAN

Nyota Minerals Limited (ASX/AIM: NYO) the gold exploration and development company in East Africa announces the closing of the Share Purchase Plan ("SPP") announced on 21 February 2013. The SPP closed for applications on 2 April 2013, in accordance with the SPP documentation. Valid applications for 12,470,000 new Ordinary Shares were received and accepted, raising $374,100 before expenses.

The SPP was undertaken in accordance with the relief from the disclosure requirements provided by the Australian Securities & Investments Commission and enabled eligible shareholders of the Company to subscribe for new Ordinary Shares at the same price as the Placing announced on 21 February 2013, up to a maximum investment of A$15,000 per shareholder.

The issue of new Ordinary Shares pursuant to the SPP has been approved at a shareholder General Meeting held earlier today. Allotment of these Shares is expected on 8 April 2013, subject to cleared funds, with commencement of trading on AIM expected from 8 April 2013.

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

Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.