Afri-Can Marine Announces a Private Placement

Afri-Can Marine Minerals Corporation ("Afri-Can") (TSX VENTURE:AFA) today
announced that it will proceed with and close a non-brokered private placement
for gross proceeds of a maximum of $200,000 ("the Offering"). Afri-Can has
received commitments for the full amount of $ 200,000.


The non-brokered private placement will comprise 5,000,000 units (the "Units")
of Afri-Can, at a subscription price of $0.04 per Unit. Each Unit will consist
of one (1) common share and one half (1/2) common share purchase warrant
("Warrant") of Afri-Can. The Warrants will expire in two years from the date of
closing of the private placement. Each full Warrant will entitle the holder
thereof to purchase one (1) Afri-Can common share at an exercise price of $0.06
during the first year from the date of closing of the placement and at an
exercise price of $0.10 per common share during the second year from the date of
closing of the placement. Jennings Capital Inc. will be paid a finder's fee of
$4,000 and will receive 100,000 compensation warrants in connection with the
Non-Brokered Placement. The Compensation Warrant have the same terms and
condition as the Warrant. Each security issued pursuant to the placement has a
mandatory four (4) months holding period from the date of closing of the
placement. 


Afri-Can intends to use the net proceeds of the Offering to maintain Afri-Can's
assets, for debt repayment and for working capital purposes. Completion of the
Offering is subject to the receipt of all necessary approvals including the
approval TSX Venture Exchange ("TSXV"). Approval of the sale of the Common Share
portion of the Offering is being sought pursuant to the TSXV's Notice to Issuers
dated April 12th, 2013, regarding the Extension and Modification of Temporary
Relief from Certain Pricing Requirements. 


Projects development 

Afri-Can's technical team is well advanced with the revision and assessment of
the extensive database and work programs planned for the Mining Leases under
option with Diamond Fields International Ltd. ("DFI"). The main goal is to
resume production as soon as possible. Some areas will need further exploration
such as geophysical surveying and sampling in order to properly define the
resource and establish a definitive mining plan. Afri-Can's priority is to
identify the areas that could resume mining in the shortest time frame and plan
a resource development work program for the remaining parts of the DFI Mining
Leases. To that effect, Afri-Can is conducting negotiation and work planning
with its contractor in order to charter a mining vessel and subsequently, a
sampling vessel. Complete information will be disclosed to our investors as soon
as the assessment is concluded. 


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. 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 release.


Shares outstanding: 86,527,864

FOR FURTHER INFORMATION PLEASE CONTACT: 
Pierre Leveille, President & CEO
Bernard J. Tourillon, Executive V.P. and CFO
[phone]
TOLL FREE North America: 1 [phone]
[phone] (FAX)
[e-mail]
www.afri-can.com