Grant of Options

29 Jan 2008 14:45

African Minerals Ltd29 January 2008 For immediate release 29 January 2008 African Minerals Limited ("African Minerals" or "the Company") Grant of Options to Director African Minerals Limited (AIM: AMI), the mineral exploration company focused onSierra Leone, West Africa, announces the granting of options to a Director underthe Company's share option plan. On 28 January 2008, the Company granted options to purchase 500,000 commonshares of US$0.01 each to Mr. Mark Ashurst, the newly appointed Non-ExecutiveDirector, as per the terms and conditions of his service agreement. The options expire on 27 January 2013 and are exercisable at a price of 117p pershare. The options vest in three equal tranches on the first three anniversariesof the grant date. Enquiries: African Minerals Limited Tel: +44(0) 20 7849 3002Frank TimisRoy Pitchford Canaccord Adams Limited Tel: +44(0) 20 7050 6500Robin BirchallMike Jones Citigate Dewe Rogerson Tel: +44 (0) 20 7638 9571Media enquiries: Martin Jackson/Kate DelahuntyAnalyst enquiries: Scott Fulton This information is provided by RNS The company news service from the London Stock Exchange