Afri-Can Marine Minerals Corporation
FRANKFURT : AJF
TSX VENTURE : AFA

Afri-Can Marine Minerals Corporation

November 24, 2008 10:51 ET

Afri-Can Marine Minerals Reports That Diamond Sampling Vessel Conversion is Completed

MONTREAL, QUEBEC--(Marketwire - Nov. 24, 2008) - Afri-Can Marine Minerals Corporation ("Afri-Can") (TSX VENTURE:AFA) (FRANKFURT:AJF) reports that International Mining and Dredging Holding Ltd. (IMDH) has advised that the conversion of the contracted sampling vessel MV DP The Explorer is completed and that the vessel will set sail from Singapore shortly. The vessel is currently under inspection by the "RINA Classification Society" (visit the web site at: http://www.rina.it/index.aspx) in order to receive its final sailing and insurability certificates. The inspection is nearly completed and the vessel has already received approval on many of the systems inspected. The MV DP The Explorer will leave the JSML Shipyard in Singapore immediately after receiving its final inspection approval.

The MV DP The Explorer will sail from Singapore to Cape Town, South Africa, where it is expected to arrive on or about January 5th. The vessel will stay in Cape Town for about 2 months in order to install the sampling tool and the mineral recovery plant and to carry out some sampling and recovery tests. The sampling tool and the recovery plant are completed and ready to be mounted on board the vessel. Afri-Can will provide investors with a detailed time schedule for the sampling program following the vessel's arrival in Cape Town. The aim of the complete surveying and sampling program is to delineate diamond resources on Block J in compliance with National Instrument 43-101.

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 unexplored prospective territories.

This press release contains certain "forward-looking statements," as identified in the Afri-Can's periodic fillings 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: 146,667,644

The TSX Venture Exchange (TSX-V) does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Afri-Can Marine Minerals Corporation
    Pierre Leveille
    President & CEO
    514-846-2133
    514-846-1435 (FAX)
    or
    Afri-Can Marine Minerals Corporation
    Bernard J. Tourillon
    Executive V.P. and CFO
    514-846-2133
    514-846-1435 (FAX)
    info@afri-can.com
    www.afri-can.com