11 January 2013 AIM:AMA / TSX:AMZ
Amara Mining plc
("Amara" or "the Company")
GRANT OF OPTIONS
Amara Mining plc, the dual AIM and TSX-listed West African focused gold mining company, announces the grant of
5,752,020 options over ordinary shares of one penny each in the Company ("the Options") to employees on 10 January
2013 ("the Grant Date"), in accordance with the terms of its employee share scheme.
The Options may be exercised between the third and the tenth anniversary of the Grant Date and are exercisable at
a price of 59.25p per share, being the closing midmarket price on 9 January 2013.
The Options represent 3.4% of the Company's issued share capital and were awarded to a number of senior employees
in the Company, including the following Executive Directors:
Name Position Number of Options Awarded Total Options Held Following
Award
John McGloin Executive Chairman 319,520 2,000,000
Peter Spivey Chief Executive Officer 1,250,000 1,750,000
Pete Gardner Finance Director 1,250,000 1,750,000
Total 2,819,520 5,500,000
Following the appointment of a Group Human Resources Manager, Amara conducted a review of its Human Resources
policy and decided to increase its use of equity as a tool to incentivise senior staff. Amara's Board believes
that the award of options supports the Company's policy of motivating and retaining senior staff, whilst aligning
their interests with the interests of shareholders.
Following the grant of the Options, the total number of options outstanding over ordinary shares is 15,753,000,
representing 9.4% of the Company's issued share capital. The grant of the Options is subject to approval by the
Toronto Stock Exchange.
For more information please contact:
Amara Mining plc +44 (0)20 7398 1420
Catherine Apthorpe, Company Secretary
Katharine Sutton, Head of Investor Relations
Canaccord Genuity Limited +44 (0)20 7523 8350
(Nominated Adviser & Broker, London)
Rob Collins
Sebastian Jones
Joe Weaving
Pelham Bell Pottinger +44 (0)20 7861 3232
(Financial Public Relations)
Charlie Vivian
Lorna Spears
James Macfarlane
About Amara Mining plc
Amara (formerly Cluff Gold) is a gold developer-producer with assets in West Africa. The Company generates
significant cash flow through its Kalsaka gold mine in Burkina Faso, where the production profile has been
enhanced by the recent acquisition of the neighbouring Sega project. Amara remains focused on its objective of
becoming a mid-tier producer through the development of its Baomahun project in Sierra Leone and its Yaoure
project in Côte d'Ivoire. With its experience of bringing new mines into production and a project pipeline
spanning Burkina Faso, Côte d'Ivoire and Mali, Amara aims to further increase its production profile with its
highly prospective exploration work across all assets.
This report includes certain "forward-looking information" within the meaning of applicable Canadian securities
legislation.
All statements other than statements of historical fact included in this report, including, without limitation,
the positioning of the Company for future success, statements regarding exploration, production estimates and
future objectives of Amara, are forward-looking information that involve various risks and uncertainties. There
can be no assurance that such statements will prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements. Important factors that could cause actual results to
differ materially from Amara's expectations include, among others, risks related to international operations, the
actual results of current exploration and drilling activities, the results of the Baomahun feasibility study,
changes in project parameters as plans continue to be refined as well as the future price of gold. Although Amara
has attempted to identify important factors that could cause actual results to differ materially, there may be
other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that
such statements will prove to be accurate as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking
statements. Amara does not undertake to update any forward-looking statements that are included herein, except in
accordance with applicable securities laws.