January 11, 2010
CHIP SAMPLES FROM INDEPENDENT STUDY OF AFRICAN QUEEN’S KING SOLOMON PROJECT CONFIRM THE COMPANY’S PRIOR FINDINGS AND POINT TO PROSPECTIVITY
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) ”) is pleased to announce receipt from Dr. Peter A. Christopher, P.Eng., of PAC Geological Consulting Inc. (“PAC”), of assay results of the 7 chip samples independently taken by PAC on its recent site visit to the project area in conjunction with preparation of its initial Technical Report on the project in accordance with N.I. 43-101. The samples, which include one gold value as high as 41 g/t au, copper values as high as 6% cu, zinc values as high as 12% zn, as well as strong silver credits, corroborate the results of the Company’s own grab rock samples previously announced in its prior Press Releases dated September 17, 2009 and October 14, 2009, and confirm prospectivity of the three main target zones at King Solomon. . Read More >>

December 23, 2009
AFRICAN QUEEN CLOSES $2.36 MILLION PRIVATE PLACEMENT
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) is pleased to announce the closing of its previously announced non-brokered private placement which has raised gross proceeds of CAD $2,359,522. Under the terms of the private placement, the Company has issued 3,932,538 Units (the “Units”) at CAD $0.60 per Unit to institutional and private investors. Read More >>

November 27, 2009
AFRICAN QUEEN ANNOUNCES PRIVATE PLACEMENT
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) is pleased to announce a non-brokered private placement offering to raise gross proceeds of up to CAD $3.0 million. Under the terms of the private placement, the Company will offer for sale a maximum of 5,000,000 Units (the “Units”) at CAD $0.60 per Unit to institutional and private investors. The minimum subscription amount shall be $25,000. Read More >>

November 18, 2009
GEOPHYSICS DATA FROM GROUND MAGNETIC SURVEY AT KING SOLOMON GOLD PROJECT REVEAL STRONG ANOMALIES ASSOCIATED WITH PRIOR ROCK SAMPLES; CONFIRM POTENTIAL FOR HOSTING LARGE-SCALE MINERALISATION
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) is pleased to announce that a ground magnetic survey covering an area of approximately 11 sq. km over its King Solomon Gold Project in Mozambique has now been successfully concluded. The data has been collected, processed and a detailed interpretation has been prepared by the Geophysics Division of Remote Exploration Services (“RES”) of Cape Town, S.A.. The high resolution ground magnetic survey utilizing 50 m line spacing was completed utilizing grids over the three most encouraging targets identified to date, namely the Mankombiti, Kazito and Eiland targets. The magnetic data strongly support the mapped geology and have revealed a marked coincidence between the anomalous zones delineated in the survey and the sampled areas reflected in prior strong rock sample results reported by the Company. RES modeled the anomalous zone at depth and concluded that the mineralized zone is essentially continuous at surface and appears to continue at depth. Read More >>

Click here to view Geophysics Survey Diagram>>

October 19, 2009
AFRICAN QUEEN SIGNS EARN-IN AND JV AGREEMENT WITH AKAN FOR KEY NOYEM GOLD PROJECT IN GHANA’S ASHANTI BELT; LICENSE BEING ACQUIRED FROM NEWMONT UNDER SEPARATE AGREEMENT
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) is pleased to announce that it has now entered into an Earn-in and Joint Venture Agreement (the “Akan Agreement”), with Marshall Islands’ private company AKAN EXPLORATION LTD. (“Akan”), covering exploration, development and exploitation of the Noyem Gold Project, which is the subject of the Noyem-Nyafoman Prospecting License LVB 10244/1995 in Ghana (the “License”). Simultaneously, the Company has entered into a Purchase & Sale Agreement with Newmont Ghana Gold Limited (“NGGL”), the Ghanaian subsidiary of Newmont Mining Corporation (NYSE: “NEM”) (“Newmont”), under which NGGL is transferring the License directly to the Company’s Ghanaian subsidiary AQ Ghana Gold Ltd. (“AQGGL”), to be held in trust for the Joint Venture partners in accordance with the Akan Agreement. Read More >>

October 14, 2009
INITIAL ROCK SAMPLES FROM AFRICAN QUEEN'S KING SOLOMON PROJECT IN MOZAMBIQUE INDICATE PROTENTIAL FOR SIZEABLE COPPER-GOLD-SILVER POLYMETALLIC REGIONAL SKARN SYSTEM
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) is pleased to announce that assay results have now been received from Scientific Services Laboratories (South Africa) for a further 62 grab rock samples collected as part of the Phase 1 exploration program on its King Solomon Project on the Fingoe Belt in western Tete Province, Mozambique. Of the latest 62 samples collected, 11 reported gold values > 3 g/t Au, 5 reported copper values > 10 % Cu, and 4 reported silver values > 200 ppm ag. Zinc was present in many of the samples, ranging nearly 40% Zn in the case of one sample. The highest values obtained from any single samples were No. 055L: 11.20 g/t Au, 23.3% Cu and 256.0 ppm Ag; and No. 038L: 12.75 g/t Au, 4.55 % Cu and 255.5 ppm Ag. These samples were collected from outcroppings from the Kazito and Makombiti prospects within the 10 km anomalous mineralized zone and are believed to represent fairly typical examples of the mineralization exposed. Read More >>

September 17, 2009
INITIAL ROCK SAMPLES FROM AFRICAN QUEEN'S KING SOLOMON PROJECT IN MOZAMBIQUE INDICATE PROTENTIAL FOR SIZEABLE COPPER-GOLD-SILVER POLYMETALLIC REGIONAL SKARN SYSTEM
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) is pleased to announce that assay results have now been received from Acme Analytical Laboratories Ltd. (Vancouver) for the initial 23 grab rock samples collected as part of the Phase 1 exploration program on its King Solomon Project on the Fingoe Belt in western Tete Province, Mozambique. Of the 23 samples collected, 6 reported gold values > 3 g/t Au, 6 reported copper values > 3 % Cu, and 3 reported silver values > 50 ppm ag, with associated bismuth mineralization present in nearly all samples. The highest values obtained from any single sample were: 11.87 g/t Au, 3.67 % Cu, 56.3 ppm Ag, with 6.8 ppm Bi. The samples were collected from disparate outcroppings over a strike extent of approximately 10 km and are believed to represent fairly typical examples of the mineralization exposed. The gold values from the samples together with the exceptional values of associated copper, silver and bismuth mineralization indicate the potential for a sizable regional mineralizing system in the form of a polymetallic skarn-gold association. Additional detailed trench and soil sampling is presently being completed over a number of identified targets and will be analysed and reported as soon as available. Read More >>

July 13, 2009
AFRICAN QUEEN SIGNS EARN-IN AND JOINT VENTURE AGREEMENT WITH OPTI METAL TRADING COVERING KEY ZONE AT FINGOE REGIONAL GOLD PROJECT IN MOZAMBIQUE
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”)is pleased to announce that it has now entered into an Earn-in and Joint Venture Agreement dated July 10, 2009 (the “Agreement”), with Swiss-based Opti Metal Trading Limited (“Optimetal”), covering exploration, development and exploitation of Prospecting License No. 884L held by Optimetal’s Mozambique subsidiary (the “License”). The License covers an area of approximately 230 sq.km. in the center of the FIngoe Belt, now called the “King Solomon Project,” adjacent to permits which are the subject of existing earn-in and joint venture Agreements between the Company and Manica Minerals Ltd. and African Eagle Resources plc (AIM: AFE), respectively, covering an aggregate of 1359 sq.km. Read More >>

May 25, 2009
AFRICAN QUEEN’S FOLLOW-UP FIELD PROGRAM NOW UNDERWAY AT FINGOE GOLD PROJECT IN MOZAMBIQUE
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) ”) is pleased to announce that follow-up field work is now underway on multiple targets at its Fingoe Gold Project in Tete province, Mozambique. The Company’s interests in the Fingoe Gold Project, which encompass 9 prospecting licenses comprising approximately 1359 sq. km. in aggregate, arise from an Earn-In Agreement with Manica Minerals Ltd. dated August 9, 2006, as supplemented August 8, 2007, under which the Company can earn up to an 85% interest, and an Agreement dated April 10, 2007, with African Eagle Resources plc (AIM: AFE) under which the Company now holds a 98% interest in certain prospecting licenses. Read More >>

May 15, 2009
AFRICAN QUEEN COMPLETES $1.278 MILLION PRIVATE PLACEMENT
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) ”) is pleased to announce the closing of the second tranche of its previously announced non-brokered private placement which has raised gross proceeds of CAD $441,810. Together with the first tranche, previously announced, the Company raised aggregate gross proceeds in this private placement of CAD $1,278,060. Read More >>

April 20, 2009
AFRICAN QUEEN ANNOUNCES PRIVATE PLACEMENT
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) is pleased to announce the closing of the first tranche of its previously announced non-brokered private placement which has raised gross proceeds of CAD $836,000. Under the terms of the private placement, the Company has issued 2,787,400 Units (the “Units”) at CAD $0.30 per Unit to institutional and private investors. Read More >>

March 24, 2009
AFRICAN QUEEN ANNOUNCES PRIVATE PLACEMENT
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) is pleased to announce a non-brokered private placement offering to raise gross proceeds of up to CAD $1.2 million. Under the terms of the private placement, the Company will offer for sale a maximum of 4,000,000 Units (the “Units”) at CAD $0.30 per Unit to institutional and private investors. Read More >>

March 4, 2009
CORE DRILLING COMMENCES ON AFRICAN QUEEN’S OK41 AT OKAVANGO DIAMOND PROJECT IN BOTSWANA
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) is pleased to announce that drilling has now commenced on magnetic target OK41-hole1as part of a Phase 1 core drilling program on its Okavango diamond property in the Ngamiland area of Northwest Botswana. The drilling is being carried out on behalf of the Company by Botswana-based Discovery Drilling Africa (PTY) Ltd. utilizing a custom-built Discovery 1400 rig. OK41 is the priority target closest to the main access track and its choice for commencement of the drill program reflects the Company’s decision to order targets in a manner designed to create efficiency and minimize drill moving time and costs. Read More >>

February 24, 2009
AFRICAN QUEEN ABANDONS CAZULA PROJECT IN MOZAMBIQUE TO FOCUS ON HIGHLY PROSPECTIVE FINGOE BELT GOLD PROJECT
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”)announces that it has provided formal notice of abandonment to Manica Minerals Ltd. (“Manica”) with respect to the Cazula Gold Project in Mozambique (the “Project”). The Company has the right to earn up to an 85% interest in the Project pursuant to the Letter Agreement dated August 9, 2006, between Pan African Mining Corp., predecessor to the Company, and Manica, as supplemented on August 8, 2007 (the “Agreement”). By abandoning the Project at this time, the Company is relinquishing all rights with respect to the underlying property licenses and otherwise relating to the Project. Read More >>

February 20, 2009
AFRICAN QUEEN ACCELERATING WORK PROGRAM ON KEY GOLD TARGETS IN MOZAMBIQUE’S FINGOE BELT AS A RESULT OF FAVORABLE SAMPLING RESULTS
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”)is pleased to announce that it has now identified several high priority gold targets in Mozambique’s Fingoe Belt in Tete Province as a result of favorable results from its ongoing field exploration and geochemical sampling program in the region. The Company’s interests in the Fingoe belt, which encompass 9 Prospecting Licenses comprising approximately 1359 sq.km. in aggregate, arise from an Earn-In Agreement with Manica Minerals Ltd. (“Manica”) dated August 9, 2006, as supplemented August 8, 2007, under which the Company can earn up to an 85% interest, and an Agreement dated April 10, 2007 with African Eagle Resources plc (“African Eagle”) under which the Company now holds a 98% interest in certain prospecting licenses. Read More >>

February 5, 2009
AFRICAN QUEEN EXECUTES CONTRACT FOR CORE DRILLING AT ITS OKAVANGO DIAMOND PROJECT IN BOTSWANA; MOBILIZATION UNDERWAY
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) is pleased to announce that it has now concluded contractual arrangements with Botswana-based Discovery Drilling Africa (PTY) Ltd. for a Phase 1 core drilling program on its Okavango diamond property in the Ngamiland area of Northwest Botswana. Equipment is now being mobilized and is anticipated to be on site later this month. Read More >>

January 23, 2009
AFRICAN QUEEN MINES ENGAGES CARRIE HOWES FOR INVESTOR RELATIONS TEAM
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) is pleased to announce that Ms. Carrie Howes has been engaged as the Company’s Corporate Communications representative. Ms. Howes, who will be working in London and Düsseldorf, has been a financial consultant and a Corporate Communication professional she has also served as a registered representative in the United Kingdom as well as Canada. Read More >>

December 27, 2008
AFRICAN QUEEN MINES ABANDONS BRAGANZA GOLD PROJECT IN MOZAMBIQUE TO FOCUS ON PRIORITY TARGETS
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) announces that it has provided formal notice of abandonment to Bobcat Mining Limitada (“Bobcat”) with respect to the Braganza Gold Project in Mozambique (the “Project”). The Company has the right to earn up to a 75% interest in the Project pursuant to the Letter Agreement dated August 17, 2007, between Pan African Mining Corp., predecessor to the Company, and Bobcat, as amended on October 4, 2007 and May 30, 2008 (the “Agreement”). By abandoning the Project at this time, the Company is relinquishing all rights with respect to the underlying property licenses and otherwise relating to the Project. Read More >>

December 16, 2008
AFRICAN QUEEN MINES COMMENCES TRADING ON THE FRANKFURT STOCK EXCHANGE
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) has now commenced trading under the symbol "QM0.F" (0 means zero) on the Open Market organized by Deutsche Borse on the Frankfurt Stock Exchange (FWB Frankfurter Wertpapierborse). In addition, its Common Shares have been assigned the WKN Number A0Q7GA. Read More >>

December 15, 2008
AFRICAN QUEEN MINES’ SAMPLING YIELDS G10 GARNETS AND OTHER KIMBERLITIC INDICATORS OVER KEY DIAMOND TARGETS ON ITS OKAVANGO PROJECT IN BOTSWANA
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) is pleased to announce that results of geochemical sampling from its Okavango property in the Ngamiland area of Northwest Botswana have now confirmed the presence of G10 garnets and other kimberlitic indicator minerals on its key diamond targets. The Okavango property comprises three Prospecting Licences covering approximately 2592 km2 held by the Company’s wholly-owned subsidiary, PAM Botswana (Pty.) Ltd. It is situated on a recently recognised extension of the Archaean Congo Craton, which hosts numerous economic kimberlite and alluvial diamond deposits. The property is covered by sands of the Kalahari Desert of variable thickness, averaging approximately 60 m. This helps to account for the fact that the strong targets recently identified by the Company were previously overlooked. Read More >>

December 2, 2008
IRWIN OLIAN ANNOUNCES FILING OF ADDITIONAL EARLY WARNING REPORT
Irwin A. Olian, Jr. (“Olian”), who serves as the Company’s Chairman & CEO and previously held 5,575,000 common shares of African Queen Mines Ltd. (“African Queen”) representing 16.17% of the issued and outstanding shares of African Queen, announces that he has now purchased a further 625,000 common shares of African Queen (the “Shares”) through the facilities of the TSX Venture Exchange at the price of $0.07 per Share in respect of 275,000 Shares, $0.095 per Share in respect of 50,000 Shares, and $0.10 per Share in respect of 300,000 Shares. In addition, Olian has been granted options to purchase up to 600,000 common shares of African Queen exercisable at the price of $0.15 per share, of which 150,000 options are or become vested within the next 60 days. The 625,000 Shares and 150,000 options collectively represent 2.24% of the issued and outstanding shares of African Queen. Accordingly, Olian now beneficially owns in aggregate 6,350,000 common shares representing 18.34% of the issued and outstanding common shares of African Queen as at December 2, 2008. Read More >>

December 1, 2008
AFRICAN QUEEN MINES, LTD. – GRANTS STOCK OPTIONS
Vancouver, British Columbia — AFRICAN QUEEN MINES, LTD. (the “Company”) announces that it has granted, subject to any necessary regulatory approvals, incentive stock options to purchase up to an aggregate of 1,350,000 shares of its Common Stock. 600,000 of such options were granted to Mr. Irwin Olian, Chairman and CEO, 200,000 were granted to Dr. Edward Schiller, Director, 50,000 were granted to Mr. Benjamin Catalano, Director, 50,000 were granted to Ms. Jennifer Todhunter, Corporate Secretary, and 450,000 of such options were granted to various employees and consultants. The options are exercisable for a term of three years at the price of CAD $0.15 per share. The foregoing grant concludes the initial granting of options to the Company’s officers, directors, employees, and consultants. Read More >>

November 19, 2008
AFRICAN QUEEN MINES, LTD. – GRANTS STOCK OPTIONS
Vancouver, British Columbia — AFRICAN QUEEN MINES, LTD. (the “Company”) announces that it has granted, subject to any necessary regulatory approvals, incentive stock options to purchase up to an aggregate of 1,230,000 shares of its common stock of which 200,000 were granted to, Ms. Limor Rubin, CFO and a Director, 200,000 were granted to Mr. Gregory Sparks, Director, 50,000 were granted to Mr. Ardito Martohardjono, Director, 200,000 were granted to Dr. Andrew Moore, Vice-President Diamond Exploration, 100,000 were granted to Mrs. Carrie Howes, European Corporate Communication Representative, and 480,000 stock options were granted to various individuals, including employees, administrative staff, and consultants. The options are exercisable for a term of three years at the price of CAD $0.15 per share. Read More >>

November 4, 2008
Irwin Olian Announces Filing of Additional Early Warning Report
Irwin A. Olian, Jr. (“Olian”), who serves as the Company’s Chairman & CEO, announces the filing of an additional early warning report. Olian previously held 4,375,000 common shares of African Queen Mines Ltd. (“African Queen”), representing 12.69% of the issued and outstanding shares of African Queen. He now has purchased a further 1,200,000 common shares (the “Shares”) representing 3.48% of the issued and outstanding shares of African Queen through the facilities of the TSX Venture Exchange at the price of $0.06 per Share in respect of 500,000 Shares and $0.08 per Share in respect of 700,000 Shares. After completion of the acquisition of the Shares, Olian now owns 5,575,000 common shares representing 16.17% of the issued and outstanding common shares of African Queen as at November 4, 2008. Read More >>

October 27, 2008
Irwin Olian Announces Filing of Early Warning Report
Irwin A. Olian, Jr. (“Olian”), who serves as the Company’s Chairman & CEO announces the filing of an early warning report. Olian held 3,385,000 common shares of African Queen Mines Ltd. (“African Queen”), representing 9.82% of the issued and outstanding shares of African Queen, announces that he has purchased a further 990,000 common shares (the “Shares”) representing 2.87% of the issued and outstanding shares of African Queen through the facilities of the TSX Venture Exchange at the price of $0.10 per Share in respect of 750,000 Shares and $0.08 per Share in respect of 240,000 Shares. After completion of the acquisition of the Shares, Olian owns 4,375,000 common shares representing 12.69% of the issued and outstanding common shares of African Queen as at October 27, 2008. Read More >>

October 15, 2008
AFRICAN QUEEN MINES LTD. - COMMENCES TRADING
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) is pleased to announce that effective at the opening on Thursday, October 16, 2008, its Common Shares will commence trading on the TSX Venture Exchange under the symbol “AQ”. The Company presently has 34,465,292 Common Shares outstanding. The Company’s Common Shares were distributed to the former shareholders of Pan African Mining Corp. in connection with its acquisition by Asia Thai Mining Co., Ltd. on June 27, 2008. Read More >>

June 27, 2008
ACQUISITION OF PAN AFRICAN MINING CORP. BY ASIA THAI MINING CO., LTD. CLOSED TODAY IN ACCORDANCE WITH PLAN OF ARRANGEMENT
VANCOUVER, British Columbia - PAN AFRICAN MINING CORP. (the “Company”) is pleased to announce the closing today of the Plan of Arrangement and related transactions (the “Plan of Arrangement”) contemplated by the Arrangement Agreement dated May 9, 2008, as amended June 17, 2008 (the “Amended Arrangement Agreement”), among Asia Thai Mining Co., Ltd. (“ATM”), 0819615 B.C. Ltd. (the “Purchaser”), the Company and African Queen Mines Ltd. (“African Queen”), a newly formed subsidiary of the Company. A Final Order approving the Plan of Arrangement was obtained from the Supreme Court of British Columbia on June 26, 2008, following approval at a Special Meeting of Securityholders of the Company on June 25, 2008. Read More >>