African Metals Corporation
TSX VENTURE : AFR
FRANKFURT : OWW

African Metals Corporation

January 21, 2011 13:57 ET

AFR Completes Diamond Drilling Program at Luisha South Project, Katanga Province, Democratic Republic of Congo

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 21, 2011) - African Metals Corporation ("AFR") (TSX VENTURE:AFR)(FRANKFURT:OWW) is pleased to provide an update on exploration activities at its Luisha South Project in the Democratic Republic of the Congo.

Summary

A total of 1538.73 metres of diamond core drilling from 22 holes was completed at the Luisha South Project in January 2010. The holes targeted down dip and southeast extensions of mineralization highlighted by the June 2010 RC drilling program. Ten angled and vertical holes were collared in the base of the open pit whilst twelve holes were collared to the south and southeast of the pit.

Luisha South Open Pit Diamond Drilling

Rubaco Sprl and DrillTek Sprl combined to complete a 22 hole, 1538.73 metre drilling program at the project. The drill holes are summarized in the table below.

              RC      
              Pre Tail    
Drill Hole Azim Dip       Collar (m) NQ  
C'pany Number (°) (°) East North RL (m) (EOH) (m) Comment
Rubaco LURD001 36 -60 501826 8764111 1260 110 145.55 35.55 Tail
Rubaco LURD005 36 -60 501782 8764142 1260 112 130.25 18.25 Tail
Rubaco LURD017 126 -60 501891 8764159 1230 60 108 48 Tail
Rubaco LURD018 360 -90 501887 8764161 1230 50 21 21 Aband'd
Rubaco LUDH025 360 -90 501734 8764245 1232 - 100.35 100.35  
Rubaco LUDH026 36 -60 501895 8764157 1230 - 64.25 64.25  
Rubaco LUDH027 36 -60 501871 8764183 1230 - 52 52  
Rubaco LUDH028 360 -90 501808 8764222 1231 - 102.8 102.8  
Rubaco LUDH030 36 -60 501821 8764241 1232 - 27.7 27.7 Low recov.
Rubaco LUDH031 36 -60 501816 8764241 1232 - 35 35 Rpt 030
Rubaco LUDH032 36 -60 501849 8764201 1230 - 48.2 48.2  
Rubaco LUDH033 360 -90 501884 8764165 1230 - 97.25 97.5 Rpt 018
Rubaco LUDH034 36 -60 501949 8764108 1260 - 58.5 58.5  
DrillTek LURD002 36 -60 501889 8764089 1260 110 132 22 Tail
DrillTek LURD003 36 -60 501927 8764078 1260 92 138 46 Tail
DrillTek LURD004 36 -60 501970 8764048 1260 90 140.6 50.6 Tail
DrillTek LURD006 36 -60 501866 8764058 1261 60 158.4 98.4 Tail
DrillTek LURD007 36 -60 501902 8764042 1261 62 158 96 Tail
DrillTek LURD008 36 -60 501943 8764011 1261 90 170.88 80.88 Tail
DrillTek LURD012 36 -60 501739 8764167 1260 47 148 101 Tail
DrillTek LURD023 360 -90 502407 8763817 1230 50 200.8 150.8 Tail
DrillTek LUDH029 36 -60 502038 8763735 1267 - 184.2 184.2 Tail
                   1538.73  
Table 1: Diamond Drill Information, Luisha South Project

The drill holes around the open pit intersected consistent Chalcopyrite and Carrolite mineralization. Chalcopyrite is a copper-iron sulphide mineral that commonly weathers to form the high grade copper mineral malachite. Carrolite is a cobalt sulphide mineral composed of approximately 40% cobalt and 20% copper in its chemical makeup, the remaining percentages going to iron, sulphur and minor nickel. Carrolite weathers to produce the high grade cobalt mineral heterogenite. Mineralization styles observed in the core include both syngenetic (bedding parallel fine pyrite lenses and blebs replaced by Chalcopyrite and Carrolite) and epigenetic (fracture and vein hosted sulphides).

Geological logging of the drill core continues, and core samples are expected to be dispatched to SGS Minerals Laboratory in Kalulushi, Zambia in late January for processing and analysis. Analytical and SG determination results are expected to be available by early to mid-March, depending on processing delays at the laboratory.

AFR plans to courier selected samples from the RC and diamond drilling programs to suitable consulting groups in South Africa for metallurgical test work. The upgraded geological interpretation, assay and metallurgical results will be used to calculate a revised estimate of the maiden resource, and initiate desktop mining studies.

Nigel Ferguson, AusIMM, President and CEO of the Company and a qualified person under National Instrument 43-101, has verified data disclosed in this release.

ON BEHALF OF THE BOARD OF DIRECTORS OF AFRICAN METALS CORPORATION

Nigel Ferguson, President & CEO

This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our industry, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.

To view Figure 1 please click on the following link: http://media3.marketwire.com/docs/0121AFR.pdf

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 new release.

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