Additional Listing on Exercise of Share Options



For immediate release

16 January 2014

African Minerals Limited (the "Company")

Additional Listing on Exercise of Share Options

African Minerals Limited (AIM:AMI) announces that 250,000 new common shares of US$0.01 each have been issued and allotted pursuant to the vesting of a conditional share award.

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 21 January 2014.

After issuing these shares, the Company will have 331,742,530 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