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AFA

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Share Name Share Symbol Market Type
TSXV:AFA TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Afri-Can Marine Announces Appointment to Board of Directors

21/11/2013 1:39pm

Marketwired Canada


Afri-Can Marine Minerals Corporation ("Afri-Can" or "Corporation") (TSX
VENTURE:AFA) announces the appointment of Mr. Andre Thibault to the Board of
Directors of the Corporation. 


Mr. Thibault is a Chartered Accountant with over 40 years of experience with
international accounting firms. He was a founding Partner of Thibault Marchand,
and a Partner and Managing Partner of Thibault Marchand Peat Marwick. From 1991
to 2004, he was a Partner at PricewaterhouseCoopers LLC where he managed the
mining clients department. Mr. Thibault holds a Bachelor of Commerce degree from
the University of Montreal and has served on several professional committees and
boards of directors. 


Mr. Thibault will Chair the Audit Committee of Afri-Can. The appointment of Mr.
Thibault to Afri-Can's Board of Directors is conditional upon the approval of
the TSX Venture Exchange. 


Diamond Projects Development 

Afri-Can announced a National Instrument 43-101 compliant resource estimate for
the Namibian offshore marine diamond Mining Lease ("ML") 111 totalling 868,000
carats on October 1st, 2013. The report estimates that 413,000 carats are in the
indicated category and 453,000 carats are an inferred resource. A portion of the
indicated resource, some 255,000 carats grading at 0.30 carats per square metre,
will be the focus of a trial mining program. 


Afri-Can's technical team is well advanced with the preparation of a
Prefeasibility Study and a Preliminary Economic Assessment on ML 111. The
Prefeasibility Study will serve as the mining management plan. Afri-Can is in
advanced discussions with its contractor in order to charter vessels that would
allow the resumption of mining in targeted areas and fill-in sampling in other
targeted areas on ML 111 and EPL 3403. Afri-Can's immediate goal is to focus on
ML 111's existing resources in order to resume diamond production in the
shortest time frame possible. 


Richard Foster, B.Sc. (Hons. Geology), Pr. Sci. Nat., is the Qualified Person
who has reviewed this press release and is responsible for the technical part of
this press release, and is the designated Qualified Person under the terms of
National Instrument 43-101. 


About Afri-Can Marine Minerals Corporation 

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


This press release contains certain "forward-looking statements," as identified
in the Afri-Can's periodic filings with Canadian Securities Regulators that
involve a number of risks and uncertainties. There can be no assurance that such
statements will prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements. 


Shares outstanding: 91,527,864 

FOR FURTHER INFORMATION PLEASE CONTACT: 
Pierre Leveille, President & CEO;
Bernard J. Tourillon, Executive V.P. and CFO
(514) 846-2133
TOLL FREE North America: 1 (866) 206-7475
(514) 372-0066 (FAX)
info@afri-can.com
www.afri-can.com

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