Afri-Can Starts Geophysical Survey on EPL 3403 Marine Diamond Concession

Afri-Can Marine Minerals Corporation ("Afri-Can") (TSX VENTURE:AFA) started a
geophysical survey on Exclusive Prospecting Licence ("EPL") 3403 marine diamond
concession in Namibia on May 2, 2012. 


Afri-Can has chartered the vessel SP Star from IMDH to carry out the geophysical
survey that will cover a maximum of 1,400 line-kilometres over a period of
approximately 16 days at sea. The survey will cover 90 square kilometres in the
south end of EPL 3403 and will cover Depositional Areas 1, 2 and 3 already
delineated by previous sampling programs (see attached Maps 1 and 2). The goal
of the geophysical survey is to model accurately the geology and to delineate
the boundaries of the deposits in order to prepare for a second sampling phase.
The goal of the survey and second sampling phase is to start delineating
resources on areas 1 and 2 in anticipation of subsequent trial mining. 


Afri-Can holds an option to acquire 100% of the shares of Thyme Investments
(Pty) Ltd. ("Thyme"), the owner of 100% of EPL 3403. Afri-Can will earn a first
20% in Thyme by issuing 20% of 65 million of its own shares to Thyme and start a
geophysical survey. Afri-Can will earn the remaining 80% of Thyme by completing
a sampling program and issuing the balance of 80% of the 65 million of its own
shares to Thyme. 


Afri-Can has completed all the conditions to acquire the first 20% of Thyme and
will immediately begin the procedures in order to issue 13 million of its common
shares to the owners of Thyme in consideration for 20% of all the shares of
Thyme. 


EPL 3403 covers approximately 800 square kilometres and is adjacent to and
contiguous with Atlantic One Mining Lease ("ML") 47 (owned by Namdeb Diamond
Corporation (Pty) Limited, a 50:50 partnership between the Government of the
Republic of Namibia and De Beers Centenary AG), which is the largest marine
diamond deposit in the world. ML 47 currently produces in excess of 1,100,000
carats per year.


About Afri-Can Marine Minerals Corporation 

Afri-Can is a Canadian company, actively involved in the acquisition,
exploration and development of major 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. 


Shares outstanding: 238,524,984