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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

-----------------------------------------------------------------------------
1  Details of the person discharging managerial responsibilities/person
   closely associated
-----------------------------------------------------------------------------
a) Name                         Mark Learmonth
-----------------------------------------------------------------------------
2  Reason for the notification
-----------------------------------------------------------------------------
a) Position/status              Chief Financial Officer, Caledonia Mining
                                Corporation plc
-----------------------------------------------------------------------------
b) Initial notification/        Initial Notification
   Amendment
-----------------------------------------------------------------------------
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    Purchase of shares
-----------------------------------------------------------------------------
c) Price(s) and volume(s)
                                ---------------------------------------------
                                Price(s)               Volume(s)
                                ---------------------------------------------
                                84 British Pence       11,500
                                ---------------------------------------------

-----------------------------------------------------------------------------
d) Aggregated information
                                ---------------------------------------------
     Aggregated volume          11,500
     Price                      84 British Pence
-----------------------------------------------------------------------------
e) Date of the transaction      30 November 2016
-----------------------------------------------------------------------------
f) Place of the transaction     London Stock Exchange, AIM
-----------------------------------------------------------------------------

Contacts:
Caledonia Mining Corporation Plc
Mark Learmonth - CFO
+44 1534 702 998
[email protected]

Maurice Mason - Investor Relations
+44 759 078 1139
[email protected]

WH Ireland
Adrian Hadden/Nick Prowting
+44 20 7220 1751

Blytheweigh
Tim Blythe/Camilla Horsfall/Megan Ray
+44 20 7138 3204

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