Additional Listing on Exercise of Share Options

9 March 2011

African Minerals Limited

 ("African Minerals" or the "Company")

 Additional Listing on Exercise of Share Options

African Minerals Limited (AIM:AMI) announces that 66,667 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 14 March 2011.

Subsequent to the issuance of these New Common Shares, African Minerals will have 327,649,124 common shares in issue.

Contacts:

African Minerals Limited +44 20 7104 2280

Mike Jones

Canaccord Genuity Limited +44 20 7050 6500

Robert Finlay / Guy Blakeney

Aura Financial +44 20 7321 0000

Michael Oke / Andy Mills