Mozambique - King Solomon Project

January 31, 2011

FURTHER DRILLING AT AFRICAN QUEEN'S KING SOLOMON PROJECT CONFIRMS SIGNIFICANT COPPER, GOLD AND SILVER MINERALIZATION AT MANKOMBITI TARGET AND POINTS TO PROSPECTIVITY OF WESTERN ZONES; LATEST RESULTS INCLUDE 6.02 m of 1.09% Cu, 0.88 g/t Au and 18 g/t Ag

The Comapny announced that it has now received from Genalysis Laboratories of Johannesburg, S.A. analytical results from the remaining 16 drill holes from its initial reconnaissance core drilling program at The King Solomon Project, located within the central parts of the Mesoproterozoic Fingoe Belt in western Tete Province, Mozambique. The initial 2000 m program was expanded to approximately 3000 m encompassing a total of 19 holes in view of the encouraging preliminary results and the continuation of the dry season, which permitted additional drilling during the latter part of 2010. Results of the first three holes from the Mankombiti West target were reported in the Company’s PR dated October 4, 2010, and included significant copper, gold and silver mineralization in all three holes, including an intersection of 7.73 m of 1.51% Cu, 1.32 g/t Au and 27.6 g/t Ag in Hole MW03.

The 19 holes to date have been designed to test three distinct target zones at King Solomon with holes ranging from 120 to 200 m in depth. 12 of the holes were drilled into the West and East zones of the Mankombiti copper-gold target, while the remaining 7 holes tested the Eiland and Kazito gold prospects to the Northeast. A fourth major gold target, Bulasho, will be tested during the next phase of drilling in 2011. Current results from drilling at Mankombiti West and East are consistent with prior reported results, and act to confirm a potentially mineralized zone of up to 4 km of strike length. The best intersection reported from Mankombiti West in the current results is 6.02 m of 1.09% Cu, 0.88 g/t Au and 18g/t Ag (Hole MW06), while the best intersection reported from Mankombiti East (1 km to the E) in the current results is 5.19 m of 1.10 g/t Au, 0.66% Cu and 9 g/t Ag (Hole ME04). Drill results from the Eiland and Kazito targets failed to match the tenor of gold found in the initial surface rock samples previously reported (PR November, 2009), although the targeted alteration as well as shear zones were intersected. The best gold intercept reported at Eiland is 7.41 g/t Au over 0.62 m (Hole E03), while the best gold intercept reported at Kazito is 4.0 g/t Au over 0.58 m (Hole KN01 ). Selected drill results from the current program, including all significant intersections, are included in the Tables below.

Geological logging of the Mankombiti core has shown chalcocite, bornite, covellite, bornite and minor chalcopyrite to be associated with the magnetite. After logging, the core has been split and sampled, generally meter by meter. Shorter sample intervals have been used where significant lithological change has been noted.

TABLE 1. SELECT INTERSECTIONS FROM MANKOMBITI WEST AND EAST.

bh ID	from	to	interval	Au (ppm)	Ag (ppm)	Cu (%)
MW05	159.76	160.02	0.26	0.80	5	0.33
MW05	160.02	161.08	1.02	1.23	19	0.97
MW05	163.96	169.00	4.95	0.55	7	0.70
MW06	142.49	149.16	6.02	0.88	18	1.09
ME01	103.89	104.62	0.67	0.55	14	0.32
ME01	104.62	105.52	0.89	0.32	2	0.53
ME02A	35.11	35.94	0.83	4.09	74	3.44
ME02A	138.91	139.57	0.61	0.40	3	0.81
ME02A	141.00	142.00	1.00	1.03	21	0.03
ME02A	148.97	149.61	0.59	0.50	4	0.46
ME03	86.36	87.42	1.07	0.07	2	0.59
ME04	63.42	63.94	0.50	0.03	1	0.57
ME04	124.62	125.42	0.64	0.95	1	0.59
ME04	127.60	132.19	4.25	0.50	7	0.59
ME04	137.19	138.20	1.00	0.23	10	0.80
ME04	140.79	146.00	5.19	1.10	9	0.66
ME04	154.35	158.27	3.68	1.10	8	0.73
ME06	119.02	119.45	0.42	1.08	8	0.05
ME06	120.90	126.40	5.30	0.13	3	0.47

The reported intervals do not necessarily reflect true widths

TABLE 2: DRILL HOLE POSITIONAL INFORMATION FOR MANKOMBITI.

Hole ID	Northing (m)	Easting (m)	Elevation (m)	Drill Azimuth (deg)	Drill Dip (deg)	Total Length (m)
MW05	8295448	326402	851	160	50	199.84
MW06	8295457	326508	835	160	50	168.95
ME01	8295463	326947	840	160	50	136.59
ME02A					90	185.61
ME03	8295469	327052	826	160	50	135.88
ME04					90	184.94
ME06	8295493	326610	851	160	50	147.58

Coordinate System: WGS84 UTM Zone 36S

TABLE 3: SELECT INTERSECTIONS FROM EILAND AND KAZITO.

bh ID	from	To	interval	Au (ppm)
E01A	78.89	79.92	1.06	0.76
E01A	80.26	80.70	0.37	0.90
E03	76.85	77.87	0.98	0.74
E03	77.87	78.50	0.62	7.41
KN01	53.79	54.41	0.58	4.00
KN01	117.00	118.00	1.02	0.67

TABLE 4: DRILL HOLE POSITIONAL DATA FOR EILAND AND KAZITO.

Hole ID	Northing (m)	Easting (m)	Elevation (m)	Drill Azimuth (deg)	Drill Dip (deg)	Total Length (m)
E01A	8298491	327282	823	165	50	129.93
E03	8298503	327324	808	165	50	124.67
KN01	8299400	329949	734	155	50	163.78

Coordinate System: WGS84 UTM Zone 36S

A total of 19 boreholes were completed during the program totaling just less than 3 000 m. Drill recoveries were good and no time was lost through accident or injury on site. All holes have been rehabilitated and the remaining split core stored on site under guard. During 2011 it is planned to erect a permanent core yard with steel containers for safe storage. At the end of the drilling programme crew from Terratech were enlisted to complete down hole geophysical, survey and optical logging. This was in order to carefully correlate geophysical response with the logged core as well as to study micro structures which should help with understanding the structural controls on the mineralisation.

October 4, 2010

INITIAL DISCOVERY HOLES AT AFRICAN QUEEN'S KING SOLOMON PROJECT REVEAL SIGNIFICANT COPPER, GOLD AND SILVER MINERALIZATION AND SUGGEST ROBUST POLYMETALLIC SYSTEM; RESULTS INCLUDE 7.73 m of 1.51% Cu, 1.32 g/t Au and 27.6 g/t Ag

The company has received from Genalysis Laboratories of Johannesburg, S.A., analytical results from the first three reconnaissance drill holes from the ongong core drilling program at The King Solomon Project, located within the central parts of the Mesoproterozoic Fingoe Belt in western Tete Province, Mozambique. All three holes reported significant copper, gold and silver mineralization at depths less than 120 m. Hole 3 included an intersection of 7.73 m of 1.51% Cu, 1.32 g/t Au, 27.6 g/t Ag and 376 ppm Bi, while Hole 2 included three separate intersections ranging in width from 4 to 11 m each of similar mineralization. Individual meter by meter samples of a maximum 5.7% Cu as well as 70 ppm Ag were reported, but generally copper values recovered are between 1% and 2%. Noteworthy gold grades have also been recorded within the mineralized zones.

Drill Rig Mankombiti East Target (Click to Enlarge)

These first three holes are part of the initial 2000 m reconnaissance core drilling program designed to test four distinct target zones at King Solomon with holes ranging from 120 to 200 m in depth. The three holes reported herein were all drilled into the western portion of the first target, the Mankombiti Target, which is regarded as a primary copper target. These results, the first of any drilling on record in the area, are consistent with findings of our previous surface exploration program conducted over the area and confirm the presence of significant mineralization below surface, including copper, gold and silver.

The Mankombiti Target was defined through detailed geochemical surveys, geological mapping and ground magnetic surveys (see Press Release of November 18, 2009), all of which have confirmed a potential mineralized zone of up to 4 km in strike extent. The mineralized zone is characterised by strong magnetic anomalies which describe the contact of the overlying marble unit with underlying granite and gabbro. On surface this contact horizon or zone is marked by skarn-related magnetite-copper mineralization. Induced Polarization (IP) surveys conducted early in 2010 identified a prominent IP conductor which was co-incident with the magnetic anomalies (see Press Release of June 28, 2010).

This geophysical target at Mankombiti has now been drill tested from the more easily accessible parts of the target area, including four holes on Mankombiti West (drilled from two collar positions) and four holes on Mankombiti East (drilled from two collar positions). Core logging of the Mankombiti East holes have revealed similar visible mineralization to that seen at Mankombiti West. Analytical results for the Mankombiti East Target are still pending, along with the 4th hole drilled into the West target. Both of these targets have a similar geophysical expression and more drilling is warranted to test for further mineralization which remains open-ended both along strike and down-dip.

Logging Core - King Solomon Project (click to enlarge)

Geological logging of the Mankombiti core has shown chalcopyrite, chalcocite and bornite to be associated with the magnetite. After logging, the core has been split and sampled, generally meter by meter. Shorter sample intervals have been used where significant lithological change has been noted.

TABLE 1: HIGHLIGHTS OF RESULTS RECEIVED.

HOLE	FROM (m)	TO (m)	INTERVAL (m)	Cu (%)	Au (g/t)	Ag (g/t)	Bi (ppm)
MW01	50.54	53.57	3.03	1.52	0.62	5.8	69
MW02	89.30	94.09	4.79	1.63	1.13	32.2	512
MW02	102.90	107.20	4.3	0.85	0.86	17.8	217
MW02	109.11	120.50	11.39	0.74	0.34	9.7	130
MW03	65.18	72.91	7.73	1.51	1.32	27.6	376

Note: Intercepts are not resolved to true width.

TABLE 2: DRILL HOLE POSITIONAL INFORMATION

Hole ID	Northing (m)	Easting (m)	Elevation (m)	Drill Azimuth (deg)	Drill Dip (deg)	Total Length (m)
MW01	8295307	326357	882	160	50	133.84
MW02	8295307	326357	882	n/a	90	167.21
MW03	8295273	326273	877	160	52	133.87
MW04	8295273	326273	877	n/a	90	141.69

Coordinate System: WGS84 UTM Zone 36S

Both MW01 and MW03 were drilled at a roughly perpendicular angle to the mineralized zone (which dips at 55 degrees to the north) and so represent approximate true thicknesses, while MW02 was a vertical borehole drilled from the same collar as MW01 and does not necessarily reflect the true thickness. The deeper intersection suggests additional mineralized zones and demonstrates continuity of mineralization down dip. Borehole MW03 was drilled from a collar position 100 m East of the previous two boreholes, and therefore shows continuity along strike. This is supported by logging of the Mankombiti East holes, where the mineralized zone is clearly visible within the core. The Mankombiti West and East targets are approximately 1 km apart and thus the majority of the target remains untested.

Drilling of the distinct Eiland and Kazito targets at King Solomon is currently in progress. Although similar in geological style to the Mankombiti target, these targets are primarily gold targets associated with high gold values (up to 32 g/t from rock-grab sampling (see Press Release September 17, 2009)).

The Mankombiti West drill core samples were analysed by Genalysis Laboratories based in Johannesburg, South Africa, using ICP – MS for multi-elements, and fire-assay for gold. The necessary external blanks, duplicates and CRM’s were inserted into the sample stream to ensure sample result confidence.

The drilling activities are being carried out by Mozambican company, Resource Drilling Lda., on behalf of the Company and its JV partner, Swiss-based Opti Metal Trading Limited (“Optimetal”). A minimum of down time has been experienced since start up in early July of this year. To date a total of 12 boreholes have been drilled with very good recoveries recorded and results pending on the latter 9. A total of 1,800 m of drilling of the expected 2,000 m drill program have now been completed. Logging and sampling is ongoing and being carried out by Remote Exploration Services of Cape Town, S.A. Further results are expected over the next few weeks and will be reported on an ongoing basis.

KSP - Initial Drill Target - Collar Locations (Click to Enlarge)

The King Solomon Project is located within the central parts of the Mesoproterozoic Fingoe Belt in western Tete Province, Mozambique. These rocks consist of metavolcanics, metasediments and intrusive granitic and gabbroic rocks. The Project is the subject of the Earn-in and Joint Venture Agreement dated July 10, 2009 (the “Agreement”), with 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 km2 in the center of the Fingoe Belt and is now valid through May, 2015.

Download PDF: TECHNICAL REPORT ON THE KING SOLOMON GOLD PROJECT, MOZAMBIQUE, AFRICA - February 28, 2010

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

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.

These three target areas have revealed the most anomalous grab rock sample as well as gold in soil sample results, as well as exceptional anomalous base metal results (see Press Release dated October 14, 2009). The highest values obtained from any single sample reported therein were No. 038L: 12.75 g/t Au, 4.55 % Cu, and 255.5 ppm Ag. The King Solomon Project is located within the central parts of the Mesoproterozoic Fingoe Belt in western Tete Province, Mozambique. These rocks consist of metavolcanics, metasediments and intrusive granitic and gabbroic rocks. The license is the subject of the 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 km 2 in the center of the Fingoe Belt, 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.

Recognition of an extensive skarn setting for the gold mineralization has encouraged the Company in its exploration efforts. Recent site visits by two independent geological consultants, including Dr. Peter Christopher of Vancouver who is preparing a Technical Report in accordance with N.I. 43-101, has supported this view while also demonstrating the additional importance of remobilization into structurally controlled shears.

The following briefly describes the three areas that were subject of the ground magnetic survey:

Mankombiti Prospect. This area forms a rugged, linear mountain and extensive pits and trenches as well as a number of deep shafts have been located along a fairly narrow contact zone between granites and metamorphosed carbonate rocks. Malachite, and in places chalcocite, bearing magnetite outcrops have been found and sampled along this zone. Gold in this zone is generally associated with base metal mineralization, including zinc, silver and bismuth, as previously reported. The magnetic survey importantly demonstrates continuity of dip towards the north and under the carbonate rocks, as well as extending the strike of the zone of mapped mineralization to over 4 km. This is well illustrated by the Analytical Signal (AS) image from the magnetic survey presented below.

Click Diagram to Enlarge
Diagram 1: Interpretation and Analytical Signal magnetic
image of the Mankombiti Target.

Kazito Prospect. Mapping of this area indicates that a number of malachite and tremolite-bearing, magnetite associated shear zones occur at or near the contact of a gabbro intrusive and calcite limestones. This contact zone can be mapped in the field for over 800 meters and the magnetic interpretation shows continuity of these zones below the overlying carbonate rocks. Additionally, a number of remnant magnetic bodies are identified which are regarded to be of potential importance for the location of further mineralisation.

Eiland Prospect. This zone is essentially a continuation of the Kazito area towards the north and again represents a mineralized contact with underlying gabbro sills. Sporadic shears are also identified and some of these sampled have revealed appreciable gold as previously reported.

Results of the magnetic survey, combined with previously sampled polymetallic mineralisation identified, suggests that further detailed mapping combined with sampling should identify higher grade ‘ore’ shoots with the potential to be uninterrupted with depth given the continuity expressed by the geophysical data. Further geophysical depth modeling of these zones is therefore now being completed. The geophysical survey has further allowed for confirmation of the lateral extent of the mapped mineralisation as well as the dip of the mineralized zones. All of the foregoing strongly support the proposed Phase 2 core drilling program now planned for early in 2010.

Property Descriptions

AFRICAN QUEEN MINES LTD. (the “Company”) 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.

Under the terms of the Agreement, the Company may earn up to an 85% interest in the License and related Project by funding prescribed stages from exploration through feasibility. Optimetal has the right to participate at its election pro-rata after the Company has reached 51% ownership interest. The Company is designated as manager and operator of the Project. Phase 1 of the Project, now getting underway, is a ground exploration program comprised of soil and rock sampling, mapping, trenching and sample analysis, together with additional studies including ground geophysics as the parties shall agree. The objective of Phase 1 is to assess the overall geologic structure of the License area and the liklihood of commercially viable hard-rock gold deposits within the License area, as well as to identify discreet drill targets for a Phase 2 reconnaissance core drilling program. The costs for Phase 1, estimated at up to U.S. $300,000, are being shared equally by the parties. By paying its 50% share of said Phase 1 costs, the Company will earn a 25% interest in the Project.

Over the past three years, the Company and its predecessor, Pan African Mining Corp., have been exploring a number of gold targets in Tete Province, Mozambique, under the joint ventures previously noted. Exploration has been focused on the bimodal suite of volcanic and volcanoclastic lithologies, metasediments and late stage granites of the Mesoproterozoic age Fingoe Group. During this time, the Company’s understanding of the regional geological controls and setting has advanced significantly, with the result that the License constituting the King Solomon Project, while outside the immediate area of investigation, was identified as being highly prospective for potential gold mineralisation. Accordingly, the Company has now entered into the Agreement with a view toward including the License within the overall Fingoe Regional Project area under study and evaluation.

A number of historical gold and copper showings are recorded within the License for the King Solomon Project, some of which have been mined in the past. Many of these showings are observed in the field to be associated with magnetite and malachite. These magnetite showings formed the focus of previous investigations during Portuguese colonial times. Although very little documented data is available, it appears that iron ore as well as gold and copper were targeted by these explorers. Mention of the Messeca iron ore deposit is made by various authors and is located within the License Area.

A review of the geology which underlies the License Area shows a predominance of carbonate lithologies. These rocks are regarded to be important in the genesis of potential gold deposits within this geological setting due to their reactive nature. Plotting of the documented historical showings reveals a clear association at the contact of these carbonate units with both intrusive granitic and intrusive gabbroic rocks. A number of skarn reaction zones are noted in the area and therefore the association of gold with these alteration rock types is strongly suggested. In one area extensive zones of grossular garnet as well as tremolite and magnetite are present over 2 km of strike and it is anticipated that other similar alteration zones exist in the area.

Malachite Mineralization in Magnetite – King Solomon Project

FURTHER ROBUST ROCK SAMPLES FROM AFRICAN QUEEN’S KING SOLOMON PROJECT CONSISTENT WITH INITIAL RESULTS; CONFIRM POTENTIAL FOR SIZEABLE COPPER-GOLD-SILVER POLYMETALLIC REGIONAL SYSTEM

A second round of assay results have 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.

The results of these 62 samples are consistent with and in some respects more robust than the results reported in our prior Press Release dated September17, 2009, for the 23 samples taken along strike and analyzed by Acme Analytical Laboratories Ltd. (Vancouver). The current samples not only confirm the presence at surface of significant gold mineralization (35% of the samples reported > 1 g/t au), but also the polymetallic nature of the vein mineralization. In addition to the high values of copper and silver associated with the gold mineralization, high zinc values were reported. The results of additional trench and soil sampling data are presently being awaited over a number of identified targets and will be analysed and reported as soon as available.

Two highly prospective targets are the focus of our initial exploration efforts, with a view toward commencing shallow scout drilling during the next month. These are the Makombiti and Kazito Targets. The former consists of a malachite-bearing, magnetite skarn developed on the contact of a calcite marble and granite intrusive. Extensive shearing is present along this contact zone and a number of deep adits have been identified. The Kazito Prospect is identified as a possible continuation of the Makombiti contact zone towards the northeast. Gabbroic intrusives are in contact with calcitic and dolomitic marbles. A number of cross cutting shears have been identified and are associated with siderite alteration.

GRAB SAMPLE RESULTS FROM KING SOLOMON PROJECT, MOZAMBIQUE

Note: This table includes the results of 62 samples assayed by Scientific Services Laboratories ( Cape Town, S.A.).

To date 85 grab samples have been analyzed and a total of 3 400 soil samples collected and submitted to laboratory. All 62 sample results presented in this press release have been analyzed by Scientific Services Laboratories of Cape Town, South Africa. Gold was analyzed using fire assay techniques, while the Cu, Pb, Zn, Ag and Mn values were completed by Atomic Absorption (AA).

Initial Phase 1 Assays

Initial Phase 1 assay results were reported September 17, 2009 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.

GRAB SAMPLE RESULTS FROM KING SOLOMON PROJECT, MOZAMBIQUE  

Note: This table includes the results of all 23 samples assayed by Acme Analytical Laboratories Ltd. (Vancouver).

Phase 1 Exploration Program is being conducted by Remote Exploration Services (“RES”) of Cape Town, S.A. on behalf of the joint venture partners. RES has been conducting field programs for the Company on the Fingoe Regional Gold Project from the initiation of the program in 2006. The Project is being managed on behalf of the Company by Senior Consulting Geologist Mr. Pete Siegfried (M.Sc., MAusIMM), a qualified person.

Bagging Samples from King Solomon Project

Work comprising the Phase 1 Exploration Program is being conducted by Remote Exploration Services (“RES”) of Cape Town, S.A. under the direction of C. Ocker on behalf of the joint venture partners. RES has been conducting field programs for the Company on the Fingoe Regional Gold Project from the initiation of the program in 2006. The Project is being managed on behalf of the Company by Senior Consulting Geologist Mr. Pete Siegfried (M.Sc., MAusIMM), a qualified person, who has reviewed and approved the contents of this Press Release. All sample results presented in this Press Release have been analyzed by Scientific Services Laboratories ( Cape Town) and submitted under the guidance of Mr. Siegfried. Overall sampling and laboratory protocols are overseen by Mr. Ardito Martohardjono, a Director, who manages the Company’s laboratory services. A site visit is scheduled in the near future by Dr. Peter Christopher, P.Eng. of Vancouver, who is preparing a Technical Report on the Project in accordance with N.I. 43-101.

According to Irwin Olian, CEO of the Company, “We are very excited with the initial grab sample results being returned on our King Solomon Project, which has become the focal point for our work on Mozambique’s Fingoe Belt through various joint ventures. Field work is ongoing and we are looking to accelerate exploration and move toward drilling as quickly as possible.”