PR Newswire GXG Markets: AAM:G4 ( www.gxgmarkets.co.uk ) ISIN: IE00B66ML191 WKN: A0N9YH London, January 14, 2014 ANGLO-AFRICAN MINERALS PLC - Completion of acquisition of Mintep and Somalu Anglo-African Minerals plc announces that it has completed the acquisition of Mineral Technology Exploration Production SA (MINTEP) and Societe Miniere d'Alumine SA with Anglo African acquiring 100% of the projects. HIGHLIGHTS: SOMALU * Total of 2 licences total area 698 sqkm in the Prefecture of Mamou. * Hosts an estimated resource of more than 1 billion tonnes of high grade bauxite. * 14,000 m of drilling complete by VALE. * Potential export capacity of 5 mtpa by 2017. MINTEP * Total area of 1490 sqkm. * Fully explored by B.S.G.R in previous years * Hosts a potential estimated resource of more than 700 mt of high grade bauxite. As a result of completion, AAM announces that it has issued and allocated a total of 30,000,000 new fully paid ordinary shares in the Company according to the following: * Mineral Technology Exploration Production SA (MINTEP) 12,000,000 new fully paid ordinary shares. * Societe Miniere d'Alumine SA ( SOMALU) 18,000,000 new fully paid ordinary shares. James Lumley COO states " This is a transformational acquisition for Anglo African Minerals which delivers new advanced Guinea bauxite assets. In particular the Somalu asset which has the potential to be brought in to production by 2017 which compliments our existing Kindia asset that is targeted in be in production in 2016" Contact Details: Mr James Lumley Chief Operating Officer
jlumley@aamplc.com