ST HELIER, CHANNEL ISLANDS -- (Marketwired) -- 12/02/16

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 GBP 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     Common Shares of no par value each
   instrument, type of instrument

   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
----------------------------------------------------------------------------

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