Additional Listing on Exercise of Share Options

14 February 2012

African Minerals Limited (the "Company")

Additional Listing on Exercise of Share Options

African Minerals Limited (AIM:AMI) announces that 333,334 new common shares of US$0.01 each have been issued and allotted pursuant to the exercise of employee share options.

Application has been made for these shares to be admitted to trading and these will rank pari passu with the Company's existing common shares. Admission of these shares to AIM is expected on or about 20 February 2012.

After issuing these shares, the Company will have 329,278,890 common shares in issue.

Ends

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