Afri-Can Marine Completes Acquisition of 20% Interest in EPL 3403 in Namibia

Afri-Can Marine Minerals Corporation ("Afri-Can")(TSX VENTURE:AFA)today
announced completion of the acquisition of 20% of the common shares of Thyme
Investments (Pty) Ltd. ("Thyme"), which is the sole owner of the Exclusive
Prospecting Licence ("EPL") 3403 marine diamond concession in Namibia, in
exchange for common shares of Afri-Can. 


In accordance with the agreement announced on October 25th, 2010, between
Afri-Can and the owners of 100% of Thyme which were International Mining and
Dredging Holding Ltd ("IMDH") and BV Investments Four Hundred and Nine (Pty)
Ltd. ("BVI"), Afri-Can has issued 2,437,500 Afri-Can common shares to IMDH and
812,500 Afri-Can common shares to BVI. As a result of this transaction, IMDH and
BVI retain an 80% interest in Thyme until such time as Afri-Can exercises its
option to acquire the remaining shares of Thyme. After issuance of the 3,250,000
Afri-Can shares to IMDH and BVI, there are 86,527,864 Afri-Can common shares
outstanding. 


Afri-Can holds an option to acquire the remaining 80% of the shares of Thyme by
completing a sampling program of a minimum of 30 days or by extracting 300
samples. The first phase of this sampling program was completed in December 2012
with the extraction of 222 samples. The acquisition by Afri-Can of the remaining
80% of the shares of Thyme will be completed once the second phase of the
sampling is completed and as soon an additional 78 samples are extracted. 


Since May 2011, Afri-Can has invested $ 4.078 million in two sampling programs
and one geophysical survey which has resulted in the extraction of 527 samples
and the collection of 1,500 line-kilometres of high-definition surveying data.
Afri-Can's complete program has discovered three deposits and recovered 102
gem-quality diamonds. Average recovered diamond size is similar to those found
on concessions nearby, and the high quality of the diamonds is typical of those
found off the coast of Namibia. 


Pierre Leveille, President and CEO of Afri-Can, stated that, "We are very
pleased with the results of this multi-phase exploration program. Results to
date lead to resource development as well as eventual trial mining on targeted
areas. We feel that we are sitting on a strong project in a very solid
industry." 


Leonard Gardner, B.Sc. (Honours, Geology), Pr.Sci. Nat., is responsible for the
technical part of this press release, and is the designated Qualified Person
under the terms of National Instrument 43-101.  


EPL 3403 covers approximately 800 square kilometres and is adjacent to the north
of the 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. ML 47 is the largest marine diamond deposit
in the world and is currently producing 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 mineral 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. 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.


Shares outstanding: 86,527,864

FOR FURTHER INFORMATION PLEASE CONTACT: 
Pierre Leveille, President & CEO;
Bernard J. Tourillon, Executive V.P. and CFO
(514) 846-2133 or TOLL FREE North America: 1 (866) 206-7475
(514) 372-0066 (FAX)
info@afri-can.com
www.afri-can.com

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