Togo and Mali subsidiaries sale

Premier African Minerals Limited / Ticker: PREM / Index: AIM / Sector: Mining 3 July 2013 Premier African Minerals Limited (`Premier' or `the Company') Completion of the sale of Premier's Togo and Mali subsidiaries Premier African Minerals Limited, the AIM quoted multi-commodity naturalresource company with mineral projects located in Western and Southern Africa,is pleased to announce that, further to its press releases of 22 April 2013, 24May 2013 and 4 June 2013, the acquisition by Ethiopian Potash Corp. (`EPC')(TSX Venture: FED) of Premier's Togo and Mali subsidiaries (together the`Transactions') was approved at the Annual and Special General Meeting of EPCshareholders held on 30 June 2013. The Transactions have closed in escrowpending final approval of the TSX Venture Exchange, which is expected shortly.Premier will update shareholders once TSX Venture Exchange final approval isobtained. **ENDS** For further information please visit www.premierafricanminerals.com or contactthe following: Pamela Hueston Premier African Minerals Limited Tel: +44 (0) 755 778 3855 Tony Rawlinson Cairn Financial Advisers LLP (Nomad) Tel: +44 (0) 207 148 7900 Jerry Keen Shore Capital Stockbrokers Limited Tel: +44 (0) 207 408 (Broker) 4090 Edward Mansfield Shore Capital Stockbrokers Limited Tel: +44 (0) 207 408 (Broker) 4090 Felicity Edwards St Brides Media & Finance Ltd (PR) Tel: +44 (0) 20 7236 1177 Premier African Minerals Limited is a multi-commodity exploration anddevelopment company focussed in Southern and West Africa. The Company has adiverse portfolio of multi-commodity projects which includes tungsten, rareearth elements (`REE'), gold, lithium, tantalum and uranium in Zimbabwe andTogo, which span from brownfield projects with near-term production potentialto grass-roots exploration. Premier plans to create value by implementingdefined exploration and development programmes to prove-up resources with aview to future production and/or forming strategic alliances and completingcorporate transactions to maximise shareholder value. Within Premier's portfolio it has three core projects. Its flagship RHAtungsten project (`RHA') in Zimbabwe, has the exploration potential to hosteither a commercial scale open pit or high-grade underground tungsten mine. ASAMREC resource is expected by 31st July 2013 and a mining study is underwaywith a view to bringing a small-scale tungsten mining operation into productionin 2014. Premier's second priority project in Zimbabwe is the Katete REEproject, which again has the potential to be developed as an open pit mine. Theproject, which spans 3,750 ha, has returned a peak result from trenching of14.6% TREO. Premier is targeting to delineate a code-compliant resourcestatement in H2 2013. Thirdly Premier is exploring its Dapaong grass-roots goldproject in northern Togo, which it acquired in January 2013. The Company alsohas a pipeline portfolio of assets which further de-risks its exposure. In line with Premier's core strategies of adding value through corporatetransactions, the Company, as per this announcement, has closed a transactionwith Ethiopian Potash Corp. (`EPC') (TSX VENTURE: FED), an Ethiopian focussedpotash company in which Premier has acquired a significant shareholding. Thistransaction gives Premier exposure to EPC's highly prospective Danakil potashproject in Ethiopia and allows the Company to retain a significant interest inits clays, phosphate and potash projects at no further exploration spend.