Additional Listing on Exercise of Share Options



For immediate release

25 October 2011

African Minerals Limited (the "Company")

Additional Listing on Exercise of Share Options

African Minerals Limited (AIM:AMI) announces that 166,668 new common shares of US$0.01 each have been issued and allotted pursuant to the exercise of share options, and 8,433 new common shares of US$0.01 each have been issued and allotted pursuant to the Secured Debt Facility Agreement announced on 15 February 2011.

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 31 October 2011.

Subsequent to the issuance of these shares, the Company will have 328,778,889 common shares in issue.

In addition, pursuant to the Secured Debt Facility Agreement, 37,500 Warrants have been issued which are convertible into common shares in the Company at 425p per share.

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