Requisition of General Meeting Update

For immediate release

20 February 2015

West African Minerals Corporation

("WAFM" or the "Company")

Requisition of General Meeting

Update

On 11 February 2015 the Board of West African announced that the Company had received a letter from solicitors acting on behalf of Panetta Partners Limited ("Panetta") which included a written requisition from Beaufort Nominees Limited (the "Requisition Letter") requesting that the Company convene a general meeting of shareholders ("General Meeting"). The Company, as announced, reviewed the terms of the Requisition Letter and on 18 February 2015 sought further written clarification from Panetta's solicitors in relation to Beaufort Nominees Limited ("Beaufort").

In particular, the Company requested further details regarding Beaufort's statement in the Requisition Letter that Beaufort are holders of the voting rights for more than 30 per cent. of the issued and outstanding shares of the Company. Regulation 7.2 of the Company's Articles of Association ("Articles") provides that upon the written request of shareholders entitled to exercise 30% or more of the voting rights in respect of the matter for which the meeting is requested the directors shall convene a meeting of shareholder(s).

Regulation 23 of the Company's Articles of Association ("Articles") also requires disclosure within 4 days by any party becoming interested in more than 3% of the Company's issued share capital and any changes to its interest thereafter which increases or decreases its percentage interest through a whole percentage point.

Panetta's solicitors have now informed the Company that: (i) Beaufort holds the shares on behalf of clients; (ii) Beaufort does not have discretionary voting rights in respect of the shares held in the Company; and (iii) Beaufort does not have an interest in shares in the Company as such term is defined in Regulation 23 of the Articles.

In the light of this additional information the Company is requesting further clarification from Panetta's solicitors to determine whether the Requisition Letter is valid under the Articles. Any General Meeting cannot be convened unless and until this has been established.

A further announcement will be made in due course.

For further information contact:

ENDS