Notice of AGM and Distribution of Annual Report

22 August 2016

Asa Resource Group plc

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

Notice of AGM and Distribution of Annual Report

ASA Resource Group PLC announces that notice has been given of its 2016 Annual General Meeting ("AGM") to be held at Prince Frederick House, 35-39 Maddox Street, London, W1S 2PP on 27 September 2016 at 2pm.

The AGM Notice, Proxy Form and Annual Report for the fiscal year ended 31 March 2016 have been sent to shareholders. The Annual Report is, and copies of the AGM Notice will be, available on the Company's website or at the Company's registered office, One Fleet Place, London, EC4M 7WS.

For more information:

London

Asa Resource Group plc.

One Fleet Place, London EC4M 7W

Yim Kwan, Finance Director

Tel: +44 (0) 203 696 5470

[email protected]

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

[email protected]

Nominated Adviser and Joint Broker

SP Angel Corporate Finance LLP

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

Jeff Keating, Caroline Rowe

Tel: +44 (0) 20 3470 0470

Asa Resource's Strategic vision

Our strategic vision is to be a fully integrated pan-African commodity group, strengthening each commodity group through exploiting Asa Resource's wide portfolio of mining interests. We also continue to engage with trusted partners in many regions to help us exploit the true value of our assets.The process of segmenting assets at Group level and integrating resources operationally is fundamental to both our short and long-term strategies. Over time we seek to shift our focus to having individual exposure in each of our key commodities including nickel, gold, copper and diamonds. Shareholders can have an interest in the whole Group or on a single-commodity basis. Our interests in agriculture and property will add valuable income during times of low commodity prices.This strategy is already showing promise with significant efficiencies achieved through a transfer of skills at mine level and considerable efficiencies across our entire portfolio.

These developments would not be made possible without the commitment, versatility and expertise of management at all levels. This new vision has inspired us all within the Group to double our efforts to re-build Asa Resource Group plc as a strong and sustainable company.

For more information please visit the company's website:

http://www.asaukplc.com/ or email [email protected]