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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 (CAL.TO)(CALVF)(CMCL.L) ("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

1

Details of the person discharging managerial responsibilities/person closely associated

a)

Name

Leigh Wilson

2

Reason for the notification

a)

Position/status

Chairman of the Board, 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)

103 US Cents

50,000

d)

Aggregated information

-

Aggregated volume

50,000

-

Price

103 US Cents

e)

Date of the transaction

30 November 2016

f)

Place of the transaction

London Stock Exchange, AIM