Afri-Can Marine's 43-101 Report Estimates Indicated Resource of 413,000 Carats and 453,000 Carats of Inferred Resource on Dia...

Afri-Can Marine Minerals Corporation ("Afri-Can") (TSX VENTURE:AFA) today
announced that the newly-completed National Instrument 43-101 report estimates
the remaining diamond resources on Diamond Fields International Ltd ("DFI")
Mining Lease ("ML") 111 (see Map 1 below), of which of 413,000 carats are in the
indicated category and 453,000 carats are an inferred resource (see Map 2
below). A portion of the indicated resource, some 255,000 carats grading at 0.30
carats per square metre will be the object of a trial mining program, for which
Afri-Can's team is currently preparing a preliminary feasibility study and
preparing mine planning. The company did not carried out yet a feasibility study
on this resource and it is uncertain that the trial mining program will prove to
be economic.


Findings from the NI 43-101 report, which is available on Afri-Can's website at
www.afri-can.com and on Sedar at www.sedar.com, are as follows:




--  ML 111 has 3 geological features that host Indicated or Inferred
    Resources; 
--  Marshall Fork is the main deposit that has seen intermittent production
    between 2001 and 2007. Diaz Reef has seen some small-scale production.
    North Bay is composed of 3 deposits and has never been in production; 
--  The remaining indicated resource on the 3 areas stands at 413,000 carats
    at a grade of 0.17 carat per square metres and the remaining inferred
    resource stands at 453,000 carat at a grade of 0.15 carats per square
    metre. 
--  Part of the remaining indicated resource on Marshall Fork and Diaz Reef
    has mineable potential, and a preliminary feasibility study and mine
    management planning are currently being prepared in order to quantify
    the economics of the project and allow possible re-classification of
    some of the Indicated Resources as Probable Reserves. The indicated
    resource, which is the object of the study stands at 255,000 carats at a
    grade of 0.30 carats per square metre on an area totalling 855,000
    square metres (see map 3 below); 
--  Remaining inferred resources will be the object of further sampling
    programs in order to enhance the resources to the indicated category; 
--  Blocks of indicated resources are based on a sample density of 100
    metres x 100 metres or closer. The majority of the areas in Marshall
    Fork and Diaz Reef had a sample density (usually sampling on a 50m x 50m
    grid or closer) that supports the indicated resource estimates to a high
    level of confidence; 
--  Blocks of inferred resources are based on sampling that has a spacing
    wider than 100 metres x 100 metres; 
--  Diamond resources are based on a review of all previous records and, in
    compliance with NI 43-101, a re-estimation based upon historical
    exploration work that includes over 7,500 line-kilometres of geophysical
    survey data, over 3,000 samples with footprints ranging from 2.1 to 10
    square metres, and 7 years of intermittent production history.



A preliminary feasibility study is currently being prepared in order to
determine the detailed operational and financial scenarios, to define the risks
and opportunities and to create Probable Reserves from the Indicated Resources
and undertake detailed mine planning before production commences. 


Afri-Can is currently 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.


Afri-Can signed and announced on March 21, 2013 an option agreement with Diamond
Fields International Ltd ("DFI"). The option agreement is valid for 2 years and
in order to complete the acquisition, Afri-Can is required to spend $800,000 of
exploration expenditures on the MLs before the first year anniversary and an
additional $2.5 million of exploration expenditures before the second year
anniversary of the option agreement. Afri-Can entered in the option with its
Namibian partner Woduna Mining Holding (PTY) Ltd ("Woduna"). Upon exercise of
the option on MLs 111, 138 & 139, the interests in the MLs will be: Afri-Can
80%, DFI 10% and Woduna 10%. Upon exercise of the option on ML 32, the interests
in the ML will be Afri-Can 80%, Woduna 10%, DFI 7% and Full Screen Investments
(PTY) Ltd 3%. 


Afri-Can's immediate goal is to focus on ML 111's existing resources in order to
resume production in the shortest time frame possible. There are also several
other features, additional to those containing Historical Resources, within the
four DFI leases that hold potential for diamond mineralisation but have been
insufficiently sampled, and these features will be investigated. The second goal
is to complete the sampling program on EPL 3403, which remains a high priority
exploration target.


About ML 111 

The License lies between 5 and 20 kilometres north of Luderitz. It covers 312
square kilometres and sits in water ranging from 30 to 70 metres in depth. ML
111 hosts at least 3 mineralised geological features. The ML was originally
granted for a period of 15 years and is renewable on December 4th, 2015. A
resource estimate and a feasibility study were prepared by MRDI and AGRA-Simons
in 2000. The Historical Estimate, which was not compliant with National
Instrument 43-101 and which Afri-Can is not treating as a current mineral
resource, amounted to 1.1 million carats with an average grade of 0.30 carats
per square metre. The resource existed in the Marshall Fork, Staple
Basin/Conical Beach and Diaz Reef areas. DFI produced intermittently between
2001 and 2007 some 158,200 carats, mainly from the Marshall Fork area. Special
stones recovered from Marshall Fork included a gem quality 17.42 carat stone, a
rare 5.26 carat light blue diamond which sold for US$10,457 per carat, and a
2.45 carat pink gem diamond which sold for US$16,771 per carat. 


In 2006, SRK Consulting published an Historical Estimate, which Afri-Can is not
treating as a current mineral resource, on a small area of ML 111 called Diaz
Prospect 1 of 63,000 carats over 315,000 square metres with an average grade of
0.2 carats per square metre. Production to the end of September 2007 amounted to
16,245 carats with an average size of 0.43 carats per stone. DFI ceased
production following the world financial crisis.


Pierre Leveille, President and CEO of Afri-Can, stated that, "We are very
pleased with the conclusions of the report as it gets us to a level that will
allow mining and provide regular development and value for our shareholders. The
DFI portfolio of Mining Leases complements EPL 3403 and offers very good
development potential. We feel that we are sitting in a strong project in a very
solid industry."


Richard Foster, B.Sc. (Hons. Geology), Pr. Sci. Nat., is the Qualified Person
who has prepared the NI 43-101 report, 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. 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.


To view the maps accompanying this press release please click on the following
link: http://media3.marketwire.com/docs/1001AFA.pdf 


Shares outstanding: 91,527,864

FOR FURTHER INFORMATION PLEASE CONTACT: 
Afri-Can Marine Minerals Corporation
Pierre Leveille
President & CEO
[phone] or TOLL FREE North America: 1 [phone]


Afri-Can Marine Minerals Corporation
Bernard J. Tourillon
Executive V.P. and CFO
[phone] or TOLL FREE North America: 1 [phone]
[phone] (FAX)
[e-mail]
www.afri-can.com