Additional Listing on Exercise of Share Options



For immediate release

16 December 2013

African Minerals Limited (the "Company")

Additional Listing on Exercise of Share Options

African Minerals Limited (AIM:AMI) announces that 25,000 new common shares of US$0.01 each have been issued and allotted pursuant to the exercise of 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 December 2013.

After issuing these shares, the Company will have 331,492,530 common shares in issue.

Ends

Contacts:

African Minerals Limited

+44 20 3435 7600

Mike Jones

FTI Consulting

+44 20 7831 3113

Ben Brewerton / Oliver Winters

Jefferies

44 20 7029 8000

Nick Adams / Alex Collins