2011 Annual Report & Accounts and Notice of AGM

For immediate release

28 June 2012

African Minerals Limited

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

2011 Annual Report & Accounts and Notice of AGM

African Minerals Limited (AIM: AMI) announces that its Annual Report and Accounts for the year ended 31 December 2011 together with the Notice of Annual General Meeting and Form of Proxy have now been posted to shareholders.

The Annual Report and Accounts, Notice of Annual General Meeting and Form of Proxy are available for download from the Company's website at: www.african-minerals.com.

The Company's Annual General Meeting will be held at AML's London office, 5 Stratton Street, London, W1J 8LA on 2 August 2012 at 11am (BST).

Contacts:

African Minerals Limited

+44 20 3435 7600

Mike Jones

Aura Financial

+44 20 7321 0000

Michael Oke / Andy Mills

Deutsche Bank

+44 207 545 8000

Rupert Green

African Minerals is developing its 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 is expected to produce 20 million tonnes of iron ore per annum at full capacity.

Phase II now contemplates an expanded production facility at the mine to produce an additional 30Mtpa of 64% high grade hematite concentrate and the establishment of an expanded port facility at Tagrin Point.

African Minerals and its contractors currently employ approximately 9,700 people in Sierra Leone, 82% of who are Sierra Leonean nationals.

The Company has also developed significant port and rail infrastructure to support the operation of the project, via its subsidiary African Rail and Port Services (SL) Limited ("ARPS"), in which the Government of Sierra Leone ("GoSL") has a 10% free carried interest.

The Tonkolili project companies are currently owned 75% by AML, and 25% by Shandong Iron and Steel Group ("SISG"), except for ARPS, which is owned 65% by AML, 25% by SISG and 10% by GoSL.

www.african-minerals.com