2010 Annual Report & Accounts Posted

For immediate release

30 June 2011

African Minerals Limited

("African Minerals", "AML" or the "Company")

2010 Annual Report & Accounts Posted

African Minerals Limited, (AIM: AMI) the mineral exploration company with significant iron ore interests in Sierra Leone, West Africa, announces that its Annual Report and Accounts for the year ended 31 December has now been posted to shareholders and are available to download from the Company's website at www.african-minerals.com.

Contacts:

African Minerals Limited +44 20 3435 7600

Mike Jones

Aura Financial +44 20 7321 0000

Michael Oke / Andy Mills 

Canaccord Genuity Limited +44 20 7050 6500

Robert Finlay / Guy Blakeney

 Notes to Editors

African Minerals is developing the wholly owned Tonkolili iron ore project in Sierra Leone, with a JORC compliant resource of 12.8Bnt. The project, which currently has a 60+ year mine-life, is being developed in 3 phases. Phase I of the project is fully funded and at full capacity is expected to produce 12 million tonnes of iron ore per annum once it ramps up from initial production, expected in Q4 2011. Phases II and III are expected to boost production incrementally by 23Mtpa and 45Mtpa respectively. African Minerals and its contractors currently employ approximately 5,000 people in Sierra Leone, 78% of whom are Sierra Leonean nationals.

The Company is also developing significant port and rail infrastructure to support the development of the project, via African Rail and Port Services ("ARPS"), with the Government of Sierra Leone as 10% partners.

African Minerals is registered in Bermuda and is listed on the AIM market of the London Stock Exchange.