Transaction in Own Shares

23 July 2012

Central Asia Metals plc

("CAML" or "the Company")

Transaction in Own Shares

Central Asia Metals plc (AIM:CAML), announces that on 20 July 2012 it purchased 32,000 of its ordinary shares at an average price of 90.9899 pence per ordinary share. The highest price and the lowest price paid for these shares was 92.00 and 90.75 pence respectively. All the purchased shares will be held as Treasury shares.

Following the above purchase, the Company holds 276,798 ordinary shares as Treasury shares. The total number of ordinary shares in issue is 85,889,136 (excluding ordinary shares held as treasury shares).

Enquiries:

Central Asia Metals plc Nick Clarke +44 (0) 20 7898 9001

Nigel Robinson

Canaccord Genuity Limited Andrew Chubb +44 (0)20 7253 8000

Rob Collins

Mirabaud Securities LLP Peter Krens +44 (0)20 7878 3362

Pelham Bell Pottinger Charles Vivian +44 (0)20 7861 3232

Lorna Spears