Additional Listing on Exercise of Share Options

11 January 2011

African Minerals Limited

 ("African Minerals" or the "Company")

 Additional Listing on Exercise of Share Options

African Minerals Limited (AIM:AMI) announces that 83,333 new common shares of US$0.01 each ("New Common Shares") have been issued and allotted pursuant to the exercise of share options.

Application has been made for the New Common Shares to be admitted to trading and these will rank pari passu with the Company's existing common shares. Admission of the New Common Shares to AIM is expected on 17 January 2011.

Subsequent to the issuance of these New Common Shares, African Minerals will have 317,659,276 common shares in issue.

Contacts

 African Minerals Limited +44 20 7104 2280

Alan Watling / Miguel Perry

Canaccord Genuity Limited +44 20 7050 6500

Robert Finlay / Guy Blakeney

Pelham Bell Pottinger Public Relations +44 20 7861 3232

Klara Kaczmarek / Philippe Polman