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Caledonia Mining Corporation Plc: Sale of Shares by an Officer of the Company

TORONTO, ONTARIO -- (Marketwired) -- 11/30/16 -- Caledonia Mining Corporation Plc (TSX:CAL)(OTCQX:CALVF)(AIM:CMCL) ("Caledonia" or the "Company") announces that it received notice yesterday that Mr Dana Roets, the Company's Chief Operating Officer has sold a total of 100,000 shares in the company at a price of CAD$1.3844 per share. Mr Roets is classified as a Person Discharging Managerial Responsibility for the purposes of Market Abuse Regulations. Following this transaction Mr Roets owns no shares in the company.

Note: This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.


                                                                            
  NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING 
    MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM    
                                                                            
----------------------------------------------------------------------------
1  Details of the person discharging managerial responsibilities/person     
   closely associated                                                       
----------------------------------------------------------------------------
a) Name                             Dana Roets                              
----------------------------------------------------------------------------
2  Reason for the notification                                              
----------------------------------------------------------------------------
a) Position/status                  Chief Operating Officer, Caledonia      
                                    Mining Corporation plc                  
----------------------------------------------------------------------------
b) Initial notification/ Amendment  Initial Notification                    
----------------------------------------------------------------------------
3  Details of the issuer, emission allowance market participant, auction    
   platform, auctioneer or auction monitor                                  
----------------------------------------------------------------------------
a) Name                             Caledonia Mining Corporation plc        
----------------------------------------------------------------------------
b) LEI                              N/A                                     
----------------------------------------------------------------------------
4  Details of the transaction(s): section to be repeated for (i) each type  
   of instrument; (ii) each type of transaction; (iii) each date; and (iv)  
   each place where transactions have been conducted                        
----------------------------------------------------------------------------
a) Description of the financial     Common Shares of no par value each      
    instrument, type of instrument                                          
                                    JE00BD35H902                            
   Identification code                                                      
----------------------------------------------------------------------------
b) Nature of the transaction        Sale of shares                          
----------------------------------------------------------------------------
c) Price(s) and volume(s)                                                   
                                    ----------------------------------------
                                    Price(s)            Volume(s)           
                                    ----------------------------------------
                                    138.44 Canadian     100,000             
                                    cents                                   
                                    ----------------------------------------
                                                                            
----------------------------------------------------------------------------
d) Aggregated information                                                   
                                                                            
   - Aggregated volume              100,000                                 
   - Price                          138.44 Canadian cents                   
----------------------------------------------------------------------------
e) Date of the transaction          29 November 2016                        
----------------------------------------------------------------------------
f) Place of the transaction         Toronto Stock Exchange                  
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