Source: DSA Corporate Services Inc.

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

ST HELIER, CHANNEL ISLANDS--(Marketwired - Dec. 1, 2016) - 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 £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/ 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 instrument, type of instrument

Identification code
Common Shares of no par value each


JE00BD35H902
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

Contact Information:

Caledonia Mining Corporation Plc
Mark Learmonth - CFO
+44 1534 702 998
marklearmonth@caledoniamining.com

Maurice Mason - Investor Relations
+44 759 078 1139
mauricemason@caledoniamining.com

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

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