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Amara Mining

www.amaramining.com

Amara Mining (AIM:AMA,TSK:AMZ) ("Amara" or "the Company"), previously Cluff Gold plc, was formed in November 2003 and floated on AIM in December 2004 under the ticker "CLF". Following a secondary listing on the TSX (under the ticker "CFG") in February 2009, the Company now enjoys a broad and increasingly international investor base. The Company generates cash flow from its producing asset, Kalsaka in Burkina Faso, which is expected to produce 60-70,000 ounces of gold in 2012. The acquisition of the neighbouring Sega project, which is expected to begin production in H1 2013, will significantly increase the oxide minelife at Kalsaka to deliver and maintain near term production.

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Recent Sector News

Silver Lake Resources intercepts high grade copper and gold at Hollandaire

The current resource at Hollandaire could add a copper, gold and silver concentrate revenue stream to the Murchison gold project, thereby reducing all-in-sustaining cash costs at the gold operation.
Mutiny Gold uses SAM Survey to double strike length of Deflector gold project

The use of Sub-Audio Magnetics, or SAM technology survey has already more than doubled strike length of the mineralised host structure at Deflector, where data indicates a strike length of some 2,350 metres, previously 950 metres in length.
Red Mountain Mining raising up to $2.8M to fund Batangas gold drilling

Drilling of high grade gold targets is the primary objective for Red Mountain Mining’s $2.8 million partially and conditionally underwritten pro-rata, renounceable rights issue. This is expected to lead to a resource upgrade and positive Scoping Study.
Cleveland Mining and BC Iron JV to acquire first iron ore projects in Brazil

Cleveland Mining’s David Mendelawitz has successfully negotiated a deal to acquire three high potential iron ore exploration projects in Brazil under a strategic alliance with BC Iron, (Market Cap: $385 million) that will de-risk the path to iron ore production.
Paynes Find Gold readies for WA drilling, gold pour within weeks

Ongoing assessment, including an extensive soil sampling program, is being carried out to identify further targets for Paynes Find Gold’s planned Stage 3 drilling program. There will also be the first gold pour from its small scale mining operations in coming weeks.
Red Mountain Mining continues high grade gold discoveries at Lobo

Red Mountain Mining has delivered more high grade, near surface gold from drilling of just the second of five epithermal vein structures at the Lobo Prospect in the Philippines. These provide an opportunity to convert into high grade resources in the coming months.