Vancouver, British Columbia, Canada.  Nigel Ferguson, the President of African Metals Corporation (TSX Venture Exchange: AFR) is pleased to announce that a private placement offering to raise gross proceeds of up to Cdn$2,000,000 from the sale of up to 10,000,000 units (“Units”) priced at $0.20 per Unit. Each Unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant shall be exercisable to acquire one common share of the Company at a price of $0.30 for a period of 24 months from the closing of the private placement. Proceeds of the private placement will be used for continued exploration and development of the Company’s DRC-based copper exploration assets and for general corporate purposes. Finder’s fee(s) will be paid pursuant to TSX policies and regulations. The private placement is subject to regulatory approval.

For further information please contact Jag Sandhu at 604-306-1950.

ON BEHALF OF THE BOARD OF DIRECTORS OF
AFRICAN METALS CORPORATION

“Nigel Ferguson”
Nigel Ferguson
President & CEO

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEW RELEASE.

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