www.metalsofafrica.com.au ABN 75 152 071 095

AFRICA 385 Avenue de Zimbabwe Bairro de Sommerschield Cidade de Maputo Mozambique T +258 214 937 33 F +258 214 937 35

AUSTRALIA 945 Wellington Street, West Perth, Western Australia 6005 T +61 8 9322 7600 F +61 8 9322 7602 E admin@metalsofafrica.com.au

High grade silver-lead-zinc results from Rio Mazoe Project

Metals of Africa Limited (ASX: MTA) ("MTA" or "the Company") is

pleased to release the assay results of an initial rock chip

sampling program undertaken at the Meque and Cocodeza

prospects within the Company’s 100% owned Rio Mazoe Project

in Tete Province Mozambique. The results support the potential of

significant lead-zinc-silver mineralisation.

Key Points:

• 21 rock chip samples were taken from the Meque and

Cocodeza prospects and sent to an accredited laboratory

in South Africa for analysis. A summary of the results for all

samples is detailed in Table 1.

• High grade rock chip assays of up to 11.48% lead (Pb), 27% zinc (Zn), 5% copper (Cu) and 1.25 kilograms per tonne (1251 ppm) of silver (Ag) have validated that

mineralisation exists within the Rio Mazoe Project.

• Ground geophysics at Meque (magnetics and gravity) has

defined a further drill target along strike from the

mineralised rock chip samples. A drill hole is planned to

test the cause of the Meque gravity anomaly in late

January 2013 (weather permitting).

• Infill ground geophysics (magnetics and gravity) is

expected to be completed over the Cocodeza prospect by

early December 2012 and this data will assist in future drill-

hole location planning.

• Many other anomalies remain to be tested at Meque and

Cocodeza.

ASX Announcement 29 November 2012

Background: 100% interest in a highly prospective base

metals project in Mozambique Africa.

Identified project as possible Broken Hill Type

(BHT) deposit.

Two (2) main drill ready target areas already

identified which exhibit anomalous base metal

values. Drilling is currently underway.

Strong in-country management with more than

a decade’s experience in geology, project

management and Governmental relations.

Access to strong project pipeline within Africa.

Capital Structure Shares on Issue 33,450,001 Shares Trading 17,600,001 Unlisted Options 5M @ $0.25; 30 June 2015 5M @ $0.40; 30 June 2015 3M @ $0.25; 31 Dec 2015 Directors Gilbert George Non Exec Chairman Richard Bevan Executive Director Brett Smith Non Exec Director Steven Wood Company Secretary

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Table 1. Results of all of rock chip samples submitted (displaying only Au, Ag, Cu, Pb & Zn).

Sample No. Prospect

Au (ppb)

Ag (ppm)

Cu (%)

Pb (%)

Zn (%)

RMRK004 Meque 7 767.58 5.06 1.36 12.83 RMRK005 Meque 1 197.69 0.09 0.51 0.90 RMRK006 Meque X 8.34 0.33 1.05 0.59 RMRK007 Meque X 10.63 0.59 1.21 0.99 RMRK008 Meque X 5.82 0.39 0.59 21.54 RMRK009 Meque 1 8.09 0.30 1.54 0.54 RMRK010 Meque 4 122.26 0.52 11.48 0.58 RMRK011 Meque 2 4.38 1.09 2.77 27.48 RMRK012 Meque X 18.91 0.08 0.35 1.24 RMRK013 Meque 2 33.34 0.35 1.48 0.56 RMRK015 Meque 1 X 0.43 0.59 8.21 RMRK016 Meque 13 1251.37 1.12 7.67 23.84 RMRK017 Meque 7 44.42 0.78 5.01 23.98 RMRK018 Meque 3 97.08 0.94 0.65 1.31 RMRK019 Meque 2 55.46 0.77 0.23 0.74 RMRK020 Meque X 167.31 0.38 6.28 3.54 RMRK021 Meque X X 0.01 0.06 0.25 RMRK022 Meque 4 16.44 0.98 0.66 15.93 RMRK023 Meque 2 6.88 0.10 7.47 1.48 RMRK024 Cocodeza 277 14.92 2.19 0.02 0.01 RMRK025 Cocodeza 287 6.36 1.74 0.01 0.01

Meque Rock Chip Samples

The Meque Prospect was discovered via systematic soil sampling by the Company's geologists. At the surface, the prospect is represented by a 1 to 5 meter wide quartz carbonate shear zone which trends in an east-west direction (see Figure 2). Based on a combination of exposed rock outcrop and the findings of a recent ground geophysical program, this shear zone appears to be continuous over a strike length of approximately 2.5km. It is likely that the same shear zone is responsible for a small lead (Pb) mine along strike to the west, in neighbouring Zimbabwe. This shear zone is thought to be of proterozoic age, making it the 'right' age to target a significant metal deposit.

Of the twenty one rock chip samples taken, nineteen were sampled at the Meque prospect. The best rock chip sample, RMRK016 contained 1251 ppm silver, 7.67% lead, 23.8% zinc and 1.1% copper. Zinc values of up to 27.48%, lead values of up to 11.48% and copper values of up to 5% were received within this first batch of rock chip samples sent to the laboratory by the Company

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Cocodeza Rock Chip Samples

The Cocodeza prospect was identified by BHP Billiton (BHPB) in 2002, who deduced that the area was prospective for Broken Hill Type (BHT) Pb-Zn-Ag mineralisation based on geological and tectonic criteria. BHPB implemented a drainage sampling program aimed at identifying gahnite (zinc spinel; which is often found in association with BHT deposits and as such can be used as a pathfinder mineral at the exploration stage). Gahnite’s displaying chemistry similar to those found in association with known BHT deposits were identified in the Cocodeza area. The Company has since conducted geological mapping, systematic grid based soil sampling and ground geophysics (magnetic and gravity) over the Cocodeza prospect, which has led to the delineation of approximately a dozen anomalies that the Company believes warrant testing via drill holes. A drill rig is currently onsite and will be testing these geophysical anomalies over the next two months.

Two of the twenty one rock chip samples were sampled at the Cocodeza prospect. These two samples (RMRK024 and RMRK025) both contained elevated gold (0.277 and 0.28 g/t) and anomalous copper of up to 2.19% which is hosted in a carbonate unit that the Company believes may be prospective for replacement-style deposits. The rock outcrop/exposure at Cocodeza is not as extensive as that at Meque hence the fewer samples were sent for analysis.

Figure 1. Regional Geology map showing rock chip sample locations

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Figure 2. Detailed geological map of the Meque prospect with rock chip sample locations.

Figure 3. Meque ground gravity image illustrating the proximity of the mineralised rock chip sample locations to the gravity anomaly which will be drilled in late January 2013.

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For further information please contact:

Richard Bevan Executive Director +61 8 9322 7600 richard@metalsofafrica.com.au

Competent Persons Statement The information in this report that relates to Exploration Results and Mineral Resources is based on information compiled by Ms Cherie Leeden, who is a consultant to the company. Ms Leeden is a Member of the Australian Institute of Geoscientists and has sufficient experience of relevance to the styles of mineralisation and the types of deposits under consideration, and to the activities undertaken, to qualify as a Competent Person as defined in the 2004 Edition of the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Ms Leeden consents to the inclusion in this report of the matters based on information in the form and context in which it appears.

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