Appointment of Director (3752E)

TIDMAAAM

RNS Number : 3752E

African Aura Mining Inc.

06 April 2011

NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE SERVICES.

April 6, 2011

TSX-V: AUR

AIM: AAAM

African Aura Mining Inc.

Appointment of Adrian reynolds as Director of Aureus Mining

April 6, 2011, African Aura Mining Inc. ("African Aura" or the "Company"), the TSX-V (AUR) and AIM (AAAM) listed exploration and development company with divisions focused on iron ore and gold projects in sub-Saharan Africa, is pleased to announce that, further to its recent press releases regarding the proposed restructuring of its assets with Aureus Mining Inc. ("Aureus Mining") (the "Arrangement"), Adrian Reynolds has been appointed as a Non-Executive Director of Aureus Mining with immediate effect.

Mr Reynolds has over 15 years experience with Randgold Resources Limited and is a Non-Executive Director at Digby Wells and Associates (Pty) Ltd. After initial experience in both oil and coal exploration he moved into deep level gold mining with Gencor Ltd in the Free State Goldfields. Joining Rand Mines Limited in 1985, he held positions in geological management in Rand Mines Limited and its successor Randgold & Exploration Company Limited. He was part of the executive team at Randgold Resources Limited that developed the company's original successful strategy. His key responsibilities included technical oversight of the mining operations including feasibility studies, audits, compliance and evaluation of new opportunities. He was also a director of Morila Ltd and Societe des Mines de Loulo S.A.

David Netherway, Chairman of African Aura and Aureus Mining, commented:

"We are extremely pleased to welcome Adrian onto the Aureus board. His depth of experience will complement the current team in our efforts to develop the New Liberty Gold Mine into production, and to increase the current resource base."

There is no other information that is required to be disclosed with regards to the above mentioned appointment pursuant to Schedule 2 paragraph (g) of the AIM Rules, save as set out below:

Full Name: Mr Adrian James Reynolds

Age: 56 years

 
Current Directorships             Past Directorships within last 
                                   5 years 
Digby Wells and Associates (Pty)  Morila Ltd 
 Ltd 
Digby Wells and Associates        Societe des Mines de Loulo S.A 
 (International) Ltd 
 

Further to the announcement on 25 March 2011 the Company also announces that Steven Poulton has elected to step down from the Board of African Aura and Aureus Mining with immediate effect rather than upon the completion of the Arrangement as previously announced.

About African Aura Mining Inc.

African Aura is an established exploration and development company listed on the TSX-V (AUR) and London's AIM (AAAM). The Company operates two divisions that are intended to be split into separate listed companies becoming effective, subject to regulatory and other approvals in April 2011:

- The iron ore division, to be renamed Afferro Mining Inc. as part of the Arrangement, includes its 38.5% interest in the 2.4Bt Putu iron ore project in Liberia, which is subject to a resource expansion drilling programme and moving through pre-feasibility managed by joint venture partner Severstal Resources (the mining division of London and Moscow listed OAO Severstal). In September 2010, Putu was granted a 25 year renewable Mineral Development Agreement by the Government of Liberia. The division also includes a 100% interest in the Nkout 1Bt iron ore project and surrounding iron targets in Cameroon which is subject to a resource expansion drilling programme targeting 4Bt.

- The gold assets, to be held in Aureus Mining Inc. when listed independently, include the New Liberty gold deposit in western Liberia which has a resource of 1.51 million ounces of gold grading 3.78 g/t (comprising 5,599,000 tonnes grading 4.17 g/t in the indicated category and 7,040,000 tonnes grading 3.40 g/t in the inferred category) which is being advanced through a bankable feasibility study, and the proximal Ndablama, Weaju, Silver Hills and Gondoja gold projects all within the Company's Bea Mountain 25 year renewable Mineral Development Agreement.

In addition, the Company has a 14% interest in AIM-listed diamond producer Stellar Diamonds Plc (AIM: STEL, www.stellar-diamonds.com). It is proposed that, following completion of the Arrangement, this holding will be held by Aureus Mining.

The Company has a highly motivated and experienced team with a track record of discovering mines and taking projects through development and into production. As a pioneer, African Aura has attracted some excellent strategic partners and shareholders, always with the objective of preserving or enhancing shareholder value. For further information on the Company you are invited to visit its website at www.african-aura.com, or SEDAR's website at www.sedar.com, or contact one of the following:

African Aura Mining Inc.

Luis da Silva, President & CEO

Tel: [phone]

Aureus Mining Inc.

David Reading, CEO

Tel: [phone]

Evolution Securities Limited

Jeremy Ellis/ Neil Elliot / Tim Redfern

Tel: [phone]

Pelham Bell Pottinger

Charles Vivian / James MacFarlane

Tel: [phone]

Qualified Person

Howard Baker has some ten years experience in the exploration, definition and mining of iron ore Mineral Resources. Howard Baker is a full-time employee of SRK Consulting (UK) Ltd, an independent Consultancy and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration, and to the type of activity which he is undertaking to qualify as a Qualified Person in accordance with NI43-101 and a Competent Person as defined in the June 2009 Edition of the AIM Note for Mining and Oil & Gas Companies. Howard Baker consents to the inclusion in the announcement of the matters relating to iron ore in the form and context in which they appear and confirms that the information is accurate and not false or misleading.

Mr C G Arnold, BSC(Hons),MSc, MAusIMM (CP) of AMC Consultants (UK) Limited consents to the inclusion in the announcement of the matters relating to gold in the form and context in which they appear and confirms that the information is accurate and not false or misleading.

Forward-Looking Information

This press release contains certain forward-looking information. All information, other than information regarding historical fact that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future is forward-looking information. Forward-looking information contained in this press release includes, but may not be limited to: the future plans and objectives of African Aura and Aureus Mining, including the completion of the proposed Arrangement and the terms, timing and consequences relating thereto; the possible development of the New Liberty Gold Project to production and the proposed increase in Aureus Mining's resource base, and resource expansion; and the listing of Aureus Mining Inc. following the completion of the Arrangement. The foregoing and other forward-looking information contained in this press release reflects the current expectations, assumptions or beliefs of African Aura based on information currently available to African Aura. With respect to the forward-looking information contained in this press release, African Aura has made assumptions regarding, among other things: general business, economic and mining industry conditions; the completion of the Arrangement, including the receipt of all necessary approvals to proceed therewith; the Company's ongoing exploration and development activities; and it has also been assumed that no material adverse change in the price of precious and/or base metals occurs and no significant events occur outside of African Aura's normal course of business.

Such forward-looking information is subject to a number of risks and uncertainties that may cause actual results or events to differ materially from current expectations, including: delays in obtaining, or a failure to obtain, required regulatory and/or court approvals; the Company's inability to complete the Arrangement or obtain a favourable confirmation from the Canada Revenue Agency regarding the tax consequences of the Arrangement; risks normally incidental to exploration and development of mineral properties; adverse changes in precious and/or base metal prices; and future unforeseen liabilities and other factors including, but not limited to, those listed under "Risk Factors" in the management information circular of the Company dated February 28, 2011 and the Company's Annual Information Form dated April 30, 2010, copies of which are available under the Company's profile on SEDAR at www.sedar.com.

Forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable law, African Aura disclaims any obligation to update or modify such forward-looking information, either as a result of new information, future events or for any other reason.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

Ends

This information is provided by RNS

The company news service from the London Stock Exchange

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