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LONDON, UNITED KINGDOM -- (Marketwire) -- 01/30/13 -- Amara Mining plc (AIM: AMA)(TSX: AMZ) -

For filings with the FSA include the annexFor filings with issuer exclude the annex----------------------------------------------------------------------------TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES--------------------------------------------------------------------------------------------------------------------------------------------------------1. Identity of the issuer or the underlying issuer of  Amara Mining PLC existing shares to which voting rights are attached:----------------------------------------------------------------------------2. Reason for the notification (yes/no):-------------------------------------------------------=====================An acquisition or disposal of voting rights            Yes-------------------------------------------------------=====================An acquisition or disposal of qualifying financial     No instruments which may result in the acquisition of shares already issued to which voting rights are attached-------------------------------------------------------=====================An event changing the breakdown of voting rights       No-------------------------------------------------------=====================Other (please specify):                                No-------------------------------------------------------=====================3. Full name of person(s) subject to the notification  Sprott Asset obligation:                                           Management LP----------------------------------------------------------------------------4. Full name of shareholder(s) (if different from 3.): Refer to Section 9.----------------------------------------------------------------------------5. Date of the transaction (and date on which the      January 28, 2013 threshold is crossed or reached if different):----------------------------------------------------------------------------6. Date on which issuer notified:                      January 29, 2013----------------------------------------------------------------------------7. Threshold(s) that is/are crossed or reached:        Below 3%--------------------------------------------------------------------------------------------------------------------------------------------------------8. Notified details:----------------------------------------------------------------------------A: Voting rights attached to shares----------------------------------------------------------------------------Class /  Situation previous   Resulting situation after the triggering type of to the triggering    transaction shares  transaction         -------------------------------------------------------------------if       Number    Number     Number     Number of voting  Percentage ofpossible of        of         of shares  rights            voting rightsusing    Shares    Votingthe ISIN           RightsCODE                                     -----------------------------------                                         Direct  Indirect  Direct Indirect----------------------------------------------------------------------------Ordinary 5,499,000 5,499,000  4,929,000          2.9%             2.9% Shares--------------------------------------------------------------------------------------------------------------------------------------------------------B: Financial Instruments----------------------------------------------------------------------------Resulting situation after the triggering transaction----------------------------------------------------------------------------Type of financial  Expiration  Exercise /       Number of voting  Percentage instrument        date        Conversion       rights that may   of voting                               Period /date     be acquired       rights                                                (if the                                                instrument is                                                exercised/                                                converted)----------------------------------------------------------------------------N/A------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------Total (A+B)----------------------------------------------------------------------------Number of voting rights                  Percentage of voting rights----------------------------------------------------------------------------4,929,000                                2.9%--------------------------------------------------------------------------------------------------------------------------------------------------------9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:----------------------------------------------------------------------------Sprott Asset Management LP is the portfolio manager acting on behalf of the Sprott Canadian Equity Fund, Sprott Bull/Bear RSP Fund, Sprott Hedge Fund L.P., Sprott Hedge Fund L.P. II, Sprott Master Fund, Ltd., Sprott Master Fund II, Ltd., and certain Sprott Managed Accounts.--------------------------------------------------------------------------------------------------------------------------------------------------------Proxy Voting:----------------------------------------------------------------------------10. Name of the proxy         N/A holder:----------------------------------------------------------------------------11. Number of voting rights   N/A proxy holder will cease to hold:----------------------------------------------------------------------------12. Date on which proxy       N/A holder will cease to hold voting rights:--------------------------------------------------------------------------------------------------------------------------------------------------------13. Additional information:----------------------------------------------------------------------------14. Contact name:             Maggie Tang----------------------------------------------------------------------------15. Contact telephone number:----------------------------------------------------------------------------