HIGHLIGHTS:

• Targeting of ‘information gaps’ continues to confirm presence of mineralisation, with a significant proportion of waste expected to be converted to mineralised material
• Latest 19 DD results from the Yaoure Central zone continue to confirm the continuity of the deposit and the moderate grade nature of the Yaoure Central zone, with localised high grade zones. Significant intercepts include:
• 16m at 2.04g/t from 12m in hole YDD0185
• 19m at 3.27g/t from 232m in hole YDD0187
• 31m at 3.58g/t from 192m in hole YDD0193
• Focus of DD programme transferred to the high grade CMA zone with results from nine holes received – significant intercepts include:
• 17m at 2.81g/t from 86m in hole YDD0201
• 17m at 3.09g/t from 66m in hole YDD0208
• 16m at 3.62g/t from 80m in hole YDD0211
• Second phase of RC drilling commenced in late June – first five results continue to confirm the high grade nature and continuity of the CMA zone. Significant intercepts include:
• 6m at 6.76g/t from 169m in hole YRC0699
• 15m at 2.19g/t from 197m in hole YRC0704
• Eight DD rigs and one RC rig now at site, expected to increase to nine DD rigs and one RC rig in the coming weeks
• On track to deliver two Mineral Resource updates in H2 2014 to expand the current resource base and to upgrade the Inferred resources within US$950 per ounce pit design to the Indicated category
• Fully-funded to deliver a Pre-Feasibility Study ("PFS") in Q1 2015
• Amara’s assets remain unaffected by the Ebola virus

John McGloin, Executive Chairman of Amara, commented:

"The latest results from the boreholes drilled into the ‘information gaps’ within the Yaoure deposit further underline the potential to expand its 6.3 million ounce resource base and reduce the strip ratio (currently 5.2:1 in the 8Mtpa scenario), strengthening the project’s compelling economics. With eight DD rigs and one RC rig now at site, Africa’s largest drilling programme continues to ramp up and I look forward to delivering further drilling results and two Mineral Resource updates in H2 2014."

DD programme at Yaoure

Eighty four DD holes have been completed and eight are in progress for a total advance since 2 May 2014 of 23,473 metres (to 28 July 2014). The results of the first 26 holes were reported in the announcement dated 8 July 2014 and the latest 28 results are reported in the Appendix.

The latest results continue to confirm that there is ore below the existing pit in the ‘Western Information Gap’ that had not previously been drilled due to lack of access caused by water in the pits (the pit has now been de-watered), which increases Amara’s confidence in its ability to expand Yaoure’s National Instrument ("NI") 43-101 compliant 6.3 million ounce Mineral Resource. The conversion of waste to mineralised material is also expected to have a positive impact on the project’s strip ratio (currently 5.2:1 in the headline 8Mtpa scenario).

The majority (19) of the latest 28 DD holes were drilled in the central and southern areas of the Yaoure Central pit, five DD holes tested both the CMA Zone and the underlying Yaoure Central mineralisation, and four DD holes tested the CMA zone only.