Regulatory News Service Announcement (RNS)

10 March 2010

for immediate release

African Minerals Limited

 ("African Minerals" or the "Company")

 Additional Listing on Exercise of Share Options

African Minerals announces that 133,333 common shares of US$0.01 each ("New Common Shares") have been issued and allotted pursuant to the exercise of share options.

Application has been made for the New Common Shares to be admitted to trading and these will rank pari passu with the Company's existing common shares.  Admission of the New Common Shares to AIM is expected to occur on 16 March 2010.

Subsequent to the issuance of the New Common Shares, African Minerals will have 233,822,987 common shares in issue.

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