Afri-Can Marine Announces a Private Placement

Afri-Can Marine Minerals Corporation ("Afri-Can") (TSX VENTURE:AFA)  today
announced its intent to close a non-brokered private placement for gross
proceeds of a minimum of $175,000 and a maximum of $350,000 (the "Offering").
The private placement will be open to all current shareholders of Afri-Can duly
registered on or about July 30, 2014 and to accredited investors, pursuant to
applicable exemptions. The minimum subscription is established at $5,000. 


Current shareholders interested in participating in the private placement should
contact the Company at: [e-mail] 


The non-brokered private placement will comprise a minimum of 8,750,000 and a
maximum of 17,500,000 units (the "Units") of Afri-Can, at a subscription price
of $0.02 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 $0.05. 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 will use the net proceeds of the Offering to maintain Afri-Can's
existing operations and activities and for working capital purposes. Completion
of the Offering is subject to the receipt of all necessary approvals including
the approval of the 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 7th, 2014, regarding the Discretionary Waivers of
$0.05 Minimum Pricing Requirement. 


The use of proceeds will be as follows:



                                                   Minimum        Maximum
- Outstanding exploration expenditures:                 $0        $40,300
- Outstanding accounts - administration:          $105,300       $223,400
- Operations for the next 6 months:                $54,000        $54,000
- Cash financing finder's fee:                     $15,700        $32,200
- Total:                                          $175,000       $350,000



Note: Outstanding accounts include audit fees, legal fees, accounting services,
communication to shareholders and general communication. 


No payments will be issued to related parties apart from $ 12,712 that will be
paid to Management for repayment of fees paid on behalf of the company. This
amount will be paid only if the financing is fully subscribed. If subscriptions
are received for more than 17,500,000 Units, the subscriptions will be reduced
pro rata to 17,500,000 Units.


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: 91,577,864

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