Issue of Equity

21 June 2013

West African Minerals Corporation

("WAFM" or "the Company")

Issue of Equity

The Board of West African Minerals Corporation announces that it has issued and allotted 166,666 new ordinary shares of no par value, pursuant to the exercise of 166,666 options at an exercise price of 25.00p each. The new shares will rank pari passu with the existing ordinary shares. Application will be made for these new ordinary shares to be admitted to trading on AIM and admission is expected to take place on 26 June 2013.

Following the exercise of the options, the Company's issued share capital consists of 288,156,918 ordinary shares, with voting rights. This figure may be used by shareholders in the Company as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Service Authority's Disclosure and Transparency Rules.

For further information contact:

About West African Minerals Corporation

West African Minerals Corporation (AIM: WAFM) is an iron ore mining and exploration group focused on West Africa with interests in iron ore exploration permits in Cameroon and Sierra Leone. Through its 100 per cent owned subsidiary Compagnie Minière du Cameroun SA, WAFM owns six exploration permits in Cameroon covering a total area of approximately 6,000 square kilometres and spanning the coast to the eastern deposits. The Sierra Leone licences comprise five exploration licences with potential for enriched hematite schists typical of the Marampa Group over a total area of approximately 687 square kilometres.

Further information on the Company is available at www.westafricanminerals.com.