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Caledonia Mining Corporation Plc Purchase of Shares by a director of the company

ST HELIER, CHANNEL ISLANDS -- (Marketwired) -- 12/01/16 -- Caledonia Mining Corporation Plc ("Caledonia" or the "Company") (TSX:CAL)(OTCQX:CALVF)(AIM:CMCL) announces that it received notice yesterday that Mr Mark Learmonth, the Company's Chief Financial Officer, has purchased a total of 11,500 shares in the Company at a price of GBP 0.84 per share. Following this transaction Mr Learmonth owns 324,750 shares in the Company representing approximately 0.62 per cent of the issued share capital of 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    
                                                                             
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1  Details of the person discharging managerial responsibilities/person      
   closely associated                                                        
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a) Name                         Mark Learmonth                               
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2  Reason for the notification                                               
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a) Position/status              Chief Financial Officer, Caledonia Mining    
                                Corporation plc                              
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b) Initial notification/        Initial Notification                         
   Amendment                                                                 
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3  Details of the issuer, emission allowance market participant, auction     
   platform, auctioneer or auction monitor                                   
-----------------------------------------------------------------------------
a) Name                         Caledonia Mining Corporation plc             
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b) LEI                          N/A                                          
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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                              
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a) Description of the financial Common Shares of no par value each           
   instrument, type of                                                       
   instrument                                                                
                                JE00BD35H902                                 
   Identification code                                                       
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b) Nature of the transaction    Purchase of shares                           
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c) Price(s) and volume(s)                                                    
                                ---------------------------------------------
                                Price(s)               Volume(s)             
                                ---------------------------------------------
                                84 British Pence       11,500                
                                ---------------------------------------------
                                                                             
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d) Aggregated information                                                    
                                ---------------------------------------------
     Aggregated volume          11,500                                       
     Price                      84 British Pence                             
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e) Date of the transaction      30 November 2016                             
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f) Place of the transaction     London Stock Exchange, AIM                   
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