Multi-Commodity Southern Togo Project Permits R...

Premier African Minerals Limited / Ticker: PREM / Index: AIM / Sector: Mining 

29 January 2013

         Premier African Minerals Limited (`Premier' or `the Company')         

             Multi-Commodity Southern Togo Project Permits Renewed             

Premier African Minerals Limited, the AIM quoted multi-commodity natural
resource company with mineral projects located in Western and Southern Africa,
is pleased to confirm the two year renewal of the Company's three exploration
permits (`Exploration Permits') for the multi-commodity Southern Togo Project
(`the Project'), covering 173.99 sq. km located east-north-east of the Société
Nouvelle des Phosphates du Togo (`SNPT') phosphate open pit operations at
SNPT's Dagbati mine.

Highlights:

  * The Project comprises three contiguous Exploration Permits highly
    prospective for commodities including phosphates, clays, rare earths and
    uranium
   
  * Exploration Permits align along strike of SNPT phosphate mine that
    currently produces >1Mt per annum of phosphate rock
   
  * Geological formations similar to those of the adjacent SNPT Dagbati mine -
    Premier's exploration programme will be designed to test for strike
    continuation of the SNPT mineralisation into Premier's Exploration Permits
   
  * Initial exploration target of 75Mt of phosphate rock at 32% P205
   
  * Large clay deposits lie stratigraphically below the phosphate horizons with
    potential in-situ non-compliant Exploration Target of between 108Mt and 254
    Mt. Exploration work targeted to better understand and prove up resource
    potential
   
  * Deposits are geologically and structurally simple and potentially amenable
    to low cost open cast mining
   
  * Excellent access to local infrastructure with rail, power, road and port
    facilities. Located approximately 25km northeast of Lomé
   
  * Actively evaluating all feasible opportunities to advance the Project
   
  * The Project enhances the Company's already extensive portfolio of mineral
    assets in Southern and West Africa, which are in various stages of
    development
   
George Roach, Chief Executive Officer of Premier, commented: "The prospectivity
of this region is underlined by recent developments in regard to the extension
of the neighbouring state owned mining operations. Our permit area, which
borders the state property, is highly prospective for phosphates and a variety
of Attapulgite clays used in off-shore hydrocarbon development as well as a
number of other common applications. The geology is relatively simple, and the
deposits are shallow-lying making them amenable to low cost production
techniques. Furthermore the proximity to tide water and presence of rail and
power across the property enhances the Project's development prospects. This is
a significant asset in our multi-commodity portfolio. Since Admission we have
been reviewing our plans and we look forward to releasing details of our
Resource development plans for this area in the near future."

Further information on the Southern Togo Permits

The Project is geologically highly prospective for phosphates and clays
(attapulgite and bentonite).

Two mines are currently in operation in close proximity to the Project; SNPT
conduct major open pit mining operations of phosphates; and West African Cement
S.A. operate a limestone quarry and clinker facility. CIMTOGO S.A, is also due
to commence limestone quarrying in the vicinity shortly.

Phosphates

The Project is geologically prospective for phosphates as the Exploration
Permits align 173.99 km along the strike of the current SNPT mining operations
and are underlain by the same geological formations within which the SNPT ore
bodies occur. The morphology of any potential phosphate deposit in the
Exploration Permits is likely to be simple and amenable to low cost open cast
mining.

Clays (Attapulgite and Bentonite)

Clay deposits in Southern Togo consist of both attapulgite and bentonite and,
like the phosphates, are

Geologically and structurally simple and potentially amenable to low cost open
cast mining. The clay deposits lie stratigraphically below the phosphate
horizons and are very large in comparison to global deposits. The Board
believes that the deposits could potentially have an in-situ non-compliant
Exploration Target of between 108Mt and 254Mt. In 2008 the USA produced 3.9Mt
amounting to 67% of total world production. Initial test work indicates that
the quality of the clays appear to be of a suitable standard for a diverse
range of uses.

A preliminary economic assessment can be undertaken under National Instrument
43-101 on an Inferred Mineral Resource once the clay characteristics have been
established.

Qualified Person:

The technical information contained in this announcement has been reviewed by
Bruce Cumming, Technical Director, Premier African Minerals Limited. Mr Cumming
holds a Bachelor of Science (Honours) in Geology from the University of Cape
Town and is accredited to the South African Counsel for Natural Scientific
Professionals (SACNASP). Mr Cumming has sufficient geological experience (over
35 years) to qualify as a Qualified Person for the purposes of this
announcement and has reviewed the text of this announcement and is satisfied
with the accuracy and precision of this release by Premier African Minerals
Limited.

                                   **ENDS**                                    

For further information please visit www.premierafricanminerals.com or contact
the following:

Pamela Hueston      Premier African Minerals        Tel: [phone]  
                    Limited                                                    
                                                                               
Tony Rawlinson      Cairn Financial Advisers LLP    Tel: [phone]  
                    (Nominated Adviser)                                        
                                                                               
Jerry Keen          Shore Capital Stockbrokers      Tel: [phone]  
                    Limited                                                    
                                                                               
Edward Mansfield    Shore Capital Stockbrokers      Tel: [phone]  
                    Limited                                                    
                                                                               
Felicity Edwards    St Brides Media & Finance Ltd   Tel: [phone]