Director's Dealings

For immediate release: 27 January 2012

WEST AFRICAN MINERALS CORPORATION

 ("Group")

Director's Dealings

The Group was informed on 26th January 2012that Mr Guy Elliot, a Director, purchased 200,000 Ordinary Shares at an average price of 16.5 pence per share. As a result of this purchase Mr Elliott holds 1,000,000 Ordinary Shares in his own name and 200,000 in the name of Vidacos Nominees Limited on behalf of the Elliott Family Irrevocable Trust, a connected party.

The total Ordinary Shares in which Mr Elliott has a direct and indirect interest is 1,200,000, representing 0.64% of the issued Ordinary Share capital of the Group.

The 200,000 Ordinary Shares purchased by Mr Elliott will be locked in under Rule 7 of the AIM Rules for Companies until 9 January 2013, being the first anniversary of Admission, ("Rule 7 Lock-in") and will be subject to orderly market arrangements during the following twelve months after the initial one year lock-in period ("OMA Lock-in"). As a result of these purchases the Directors and their related parties, applicable employees and substantial shareholders (each as defined in the AIM Rules for Companies) hold voting rights in respect of 93,535,242 Ordinary Shares representing approximately 49.79 per cent. of the Company's issued ordinary share capital, all of which will be locked-in under the Rule 7 Lock-in and the OMA Lock-in.

Ends

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About West African Minerals Corporation

West African Minerals Corporation (AIM: WAFM) is a mining investment company focused on iron ore exploration in West Africa. Through its acquisition of Ferrum Resources, it holds interests in Cameroon and Sierra Leone as well as having applications pending in Guinea. Further information on the Group is available at www.westafricanminerals.com.