ST HELIER, CHANNEL ISLANDS -- (Marketwired) -- 12/01/16

Caledonia Mining Corporation Plc (TSX:CAL)(OTCQX:CALVF)(AIM:CMCL) ("Caledonia" or the "Company") announces that it received notice yesterday that Mr Leigh Wilson, the Chairman of the Board, has purchased a total of 50,000 shares in the Company at a price of $1.03 per share. Following this transaction Mr Wilson owns 215,000 shares in the Company representing approximately 0.41 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

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1  Details of the person discharging managerial responsibilities/person     
   closely associated                                                       
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a) Name                             Leigh Wilson                            
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2  Reason for the notification                                              
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a) Position/status                  Chairman of the Board, Caledonia Mining 
                                    Corporation plc                         
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b) Initial notification/ Amendment  Initial Notification                    
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3  Details of the issuer, emission allowance market participant, auction    
   platform, auctioneer or auction monitor                                  
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a) Name                             Caledonia Mining Corporation plc        
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b) LEI                              N/A                                     
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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                        
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a) Description of the financial     Common Shares of no par value each      
   instrument, type of instrument                                           
                                                                            
   Identification code              JE00BD35H902                            
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b) Nature of the transaction        Purchase of shares                      
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c) Price(s) and volume(s)             Price(s)            Volume(s)         
                                                                            
                                                                            
                                      ------------------------------------  
                                      103 US Cents        50,000            
                                      ------------------------------------  
                                                                            
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d) Aggregated information                                                   
   - Aggregated volume              50,000                                  
   - Price                          103 US Cents                            
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e) Date of the transaction          30 November 2016                        
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f) Place of the transaction         London Stock Exchange, AIM              
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Contacts:
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