DIRECTOR UPDATE (6104D)

TIDMAAAM

RNS Number : 6104D

African Aura Mining Inc.

25 March 2011

25 March 2011

TSX-V: AUR

AIM: AAAM

African Aura Mining Inc.

DIRECTOR UPDATE

25 March 2011, African Aura Mining Inc. ("African Aura" or the "Company"), the TSX-V (AUR) and AIM (AAAM) listed exploration and development company, announces that Steven Poulton, a non-executive director of the Company, has elected to step down from the Board effective upon the completion of the previously announced proposed restructuring of the Company into separate gold and iron ore companies (the "Arrangement"). Following the completion of the Arrangement, Mr. Poulton will not be a director of either of the Company or Aureus Mining Inc. (the separate gold company resulting from the Arrangement). Mr. Poulton has advised the Company that he intends to vote all of his respective common shares (being 1,251,000 shares or approximately 1.45% of the current issued share capital) in favour of the resolution relating to the Arrangement (the "Arrangement Resolution") at the Special Meeting of shareholders to be held on 5 April 2011. All directors of the Company have confirmed their intention to vote in favour of the Arrangement Resolution (being a total of 7,716,481 shares or approximately 9% of the current issued share capital).

David Netherway, Chairman of African Aura commented:

"Steven has worked diligently on behalf of the Company's shareholders since founding African Aura Resources Ltd in 2004, which merged in 2009 with Mano River Resources Inc. to create the Company. Having started his career with Mano in 1998, he has been a longstanding colleague for many of us over the last 12 years. The board fully supports his rationale that the proposed restructuring is a natural juncture for him to step down and focus on the further development of Altus Strategies, the UK based resource investment group which he co-founded in 2007. If the restructuring occurs as envisaged, then on behalf of our board and staff I would like take the opportunity to thank him for his significant contribution to the Company".

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 shareholder, regulatory and other approvals in April 2011:

- The iron ore division 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.

- 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 22% 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 Inc.

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]

Evolution Securities Limited

Rob Collins / Tim Redfern

Tel: [phone]

Pelham Bell Pottinger

Charles Vivian / James MacFarlane

Tel: [phone]

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 Inc., including the completion of the proposed Arrangement and the terms and consequences relating thereto; the listing of the Company and Aureus Mining Inc. following the completion of the Arrangement; the anticipated resignation of Mr. Poulton; the proposed voting of the directors of the Company, relating to the Arrangement Resolution; and the timing of the shareholders meeting to consider 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 shareholder, 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 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) accepts 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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