AfriOre Limited

AfriOre Limited

March 22, 2005 10:52 ET

AfriOre Intersects Platreef In Drill Holes ZF2 And ZF4 on the Akanani Platinum Project, South Africa


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: AFRIORE LIMITED

TSX SYMBOL: AFO

MARCH 22, 2005 - 10:52 ET

AfriOre Intersects Platreef In Drill Holes ZF2 And ZF4
on the Akanani Platinum Project, South Africa

BRIDGETOWN, BARBADOS--(CCNMatthews - March 22, 2005) - AfriOre Limited
(TSX:AFO) ("AfriOre") is pleased to announce that it has intersected the
upper part of the Platreef zone in drill holes ZF2 and ZF4 on its
Akanani Platinum Project in South Africa. Both holes successfully
drilled through the overlying Main Zone succession of norites and
anorthosites and are currently drilling in Platreef zone rocks.

On March 1, 2005, AfriOre Limited reported the intersection of multiple
zones of high grade platinum group metal mineralization in drill hole
ZF1, the first hole of an initial 13,000 metre drilling programme being
conducted by AfriOre in the project area.

Drill holes ZF2 and ZF4 are both being drilled along the eastern
boundary of the Zwartfontein property, the southern part of the project
area. Both holes are planned to drill through the Platreef zone and into
the underlying footwall rocks. ZF2 lies down-dip from Anglo Platinum
Corporation's current mining operations at its Zwartfontein South pit
while ZF4 is situated down-dip from an area that has been intensively
drilled by Angloplats and incorporated into its proposed future open pit
mining. It is anticipated that results from ZF2 and ZF4 will be
available during April.

AfriOre's President and CEO, Mike van Aswegen is the qualified person
overseeing the exploration program.

About AfriOre

AfriOre is engaged in the search for, and acquisition, exploration and
development of gold and platinum exploration properties in Africa. It
currently has gold exploration properties in South Africa, Mali, Namibia
and Kenya and rights to the Akanani PGM property in South Africa.

The company has 32,472,596 shares outstanding and 38,471,913 shares
fully diluted

AfriOre is listed in Standard & Poor's Corporation Records SEC 12g
3-2(b) exemption 82-4514.

This document may contain or refer to forward looking information based
on current expectations. Forward-looking statements are subject to
significant risks and uncertainties, and other factors that could cause
actual results to differ materially from expected results. These
forward-looking statements are made as of the date hereof and we assume
no responsibility to update or revise them to reflect new events or
circumstances.

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