Additional Listing on Exercise of Share Options



For immediate release

27 June 2011

African Minerals Limited

 ("African Minerals" or the "Company")

 Additional Listing on Exercise of Share Options

African Minerals Limited (AIM:AMI) announces that on 27 June 2011 94,000 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 1 July 2011.

Subsequent to the issuance of these New Common Shares, African Minerals will have 328,107,458 common shares in issue.

Contacts:

African Minerals Limited +44 20 3435 7600

Mike Jones

Canaccord Genuity Limited +44 20 7050 6500

Robert Finlay / Guy Blakeney

Aura Financial +44 20 7321 0000

Michael Oke / Andy Mills