ST HELIER, CHANNEL ISLANDS--(Marketwired - Dec. 2, 2016) - Caledonia Mining Corporation Plc (TSX:CAL)(OTCQX:CALVF)(AIM:CMCL) ("Caledonia" or the "Company") announces that it received notice today that Mr Maurice Mason, the Company's Vice President, Corporate Development and Investor Relations, has purchased a total of 35,000 shares in the Company at a price of £0.89 per share. Mr Mason is classified as a Person Discharging Managerial Responsibility for the purposes of Market Abuse Regulations. Following this transaction Mr Mason owns 35,000 shares in the Company representing approximately 0.07 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 Maurice Mason
2 Reason for the notification
a) Position/status Vice President, Corporate Development and Investor Relations, 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 Common Shares of no par value each
Identification code JE00BD35H902
b) Nature of the transaction Purchase of shares
c) Price(s) and volume(s) Price(s)

Volume(s)
89 British pence 35,000
d) Aggregated information
- Aggregated volume 35,000
- Price 89 British pence
e) Date of the transaction 2 December 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

Caledonia Mining Corporation Plc
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