LONDON, UNITED KINGDOM--(Marketwired - May 9, 2014) -

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:		Amara Mining PLC
2. Reason for notification (yes/no)
An acquisition or disposal of voting rights		NO
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached		NO
An event changing the breakdown of voting rights		NO
Other (please specify):___________		NO
3. Full name of person(s) subject to notification obligation:		Ingalls & Snyder LLC ("I&S")
4. Full name of shareholder(s) (if different from 3):		I&S, on behalf of its clients, has dispositive authority over (i.e. the power and authorisation to sell at I&S's discretion) 8,851,740 shares. I&S holds additional shares in the Company as custodian on a non-discretionary basis.
5. Date of transaction (and date on which the threshold is crossed or reached if different):		April 16, 2014
6. Date on which issuer notified:		May 8, 2014
7. Threshold(s) that is/are crossed or reached:		Interest in less than of 3% of issued share capital.

8: Notified Details
A: Voting rights attached to shares
Class/type of shares If possible use ISIN code	Situation previous to the triggering transaction		Resulting situation after the triggering transaction
	Number of shares	Number of voting rights	Number of shares	Number of voting rights		Percentage of voting rights
				Direct	Indirect	Direct	Indirect
Ordinary Shares         ISIN GB00B04M1L91	8,389,556	-	8,851,740	See note 4 above.  I&S has dispositive authority over 8,851,740 shares.	-	2.69% (Note: For these purposes we have assumed that dispositive authority is equivalent to voting rights).	-

B: Financial Instruments   N/A
Resulting situation after the triggering transaction
Type of financial instrument		Expiration date		Exercise/ conversion period/date		No. of voting rights that may be acquired (if the instrument exercised/converted)		Percentage of voting rights

Total (A+B)
Number of voting rights		Percentage of voting rights
8,851,740 (Note: For these purposes we have assumed that dispositive authority is equivalent to voting rights.)		2.69% (Note: For these purposes we have assumed that dispositive authority is equivalent to voting rights).

9. Chain of controlled undertakings through which the voting rights and /or the financial instruments are effectively held, if applicable:

N/A

Proxy Voting:
10. Name of proxy holder:		N/A
11. Number of voting rights proxy holder will cease to hold:		N/A
12. Date on which proxy holder will cease to hold voting rights:		N/A

13. Additional information:
14 Contact name:		Frank Stolba Managing Director
15. Contact telephone name:		(001) (212) 269 7814