Afri-Can Common Shares Will Start Trading on a Consolidated Basis on July 5, 2012

Afri-Can Marine Minerals Corporation ("Afri-Can" or the "Corporation") (TSX
VENTURE:AFA) announces that the Corporation will give effect to the
consolidation of its common shares on the basis of four (4) pre-consolidation
common shares for one (1) post-consolidation common share and that the
post-consolidation common shares will commence trading on the TSX Venture
Exchange at the opening of markets this Thursday, July 5, 2012 under the current
symbol "AFA" and new CUSIP number 008278202. 


Afri-Can shareholders authorized the consolidation at the shareholders' special
meeting held on June 1, 2012.


The 238,524,984 pre-consolidation common shares issued and outstanding will be
consolidated into approximately 59,631,246 post-consolidation common shares. If,
as a result of the consolidation, a shareholder would otherwise be entitled to a
fraction of a post-consolidation common share, the number of post-consolidation
common shares will be rounded to the nearest whole number. The Corporation's
currently outstanding stock options and warrants will be adjusted on the same
basis with proportionate adjustments being made to the stock option and warrant
exercise prices.


Afri-Can will mail letters of transmittal to the registered holders of its
common shares, requesting that they forward their pre-consolidation common share
certificates to the Corporation's transfer agent, Computershare Investor
Services Inc., for exchange for new common share certificates representing their
common shares on a post-consolidation basis.


About Afri-Can Marine Minerals Corporation

Afri-Can is a Canadian corporation, actively involved in the acquisition,
exploration and development of major properties in Namibia. Afri-Can's creative
and scientific approach targets large marine diamond deposits in prospective
territories.