African Metals Corporation
TSX VENTURE : AFR
FRANKFURT : OWW

African Metals Corporation

October 19, 2010 14:01 ET

CORRECTION FROM SOURCE: African Metals Reports Correction to Tabulated Inferred Mineral Resource Report for Luisha South Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 19, 2010) - African Metals Corporation ("AFR") (TSX VENTURE:AFR)(FRANKFURT:OWW) correctly reported, on October 18, 2010, an initial resource estimate for the Luisha South Project in the Democratic Republic of the Congo of an inferred 5.8 million tonnes at 1.3%Cu for 75,400 tonnes of contained copper metal and 0.4% Co for 23,200 tonnes of contained cobalt metal. However, Table One of that news release, dated October 18, 2010, incorrectly states the metal contents as "million tonnes". The correct information for Table One is:

Table One: Luisha South Inferred Mineral Resource
Cut-off (Cu%) Tonnes ('000's) Cu (%) Co (%) Contained Cu (tonnes) Contained Co  (tonnes)
*0.50 5800 1.3 0.4 75,400 23,200
0.75 4900 1.4 0.4 68,600 19,600
1.50 1800 2.0 0.4 36,000 7,200
2.00 800 2.4 0.4 19,200 3,200
3.00 70 3.7 0.6 2,590 420
*Base case scenario for resource estimate

African Metals Corporation's management apologises for any confusion that this error may have caused. A corrected copy of the original news release will be filed on SEDAR.

ON BEHALF OF THE BOARD OF DIRECTORS OF AFRICAN METALS CORPORATION

Nigel Ferguson, President & CEO

Information in this report relating to Exploration Results has been reviewed and is based on information compiled by Nigel Ferguson, who is a member of The Australian Institute of Mining and Metallurgy. Mr. Ferguson is the CEO and President of African Metals Corp. and has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which he is undertaking to qualify as a "Competent Person" as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" and is a "Qualified Person" as defined in "National Instrument 43-101" of the Canadian Securities Administrators. Mr. Ferguson consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Information in this report relating to Mineral Resources has been estimated and compiled by Michael Montgomery of Geosure Consulting Pty Ltd of Brisbane, Queensland, Australia. Mr Montgomery is a member of The Australasian Institute of Mining & Metallurgy and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" and is a "Qualified Person" as defined in "National Instrument 43-101" of the Canadian Securities Administrators. Mr Montgomery consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

A complete Technical Report will be lodged with SEDAR within 45 days of this announcement.

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.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (ASTHAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTSRESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEW RELEASE.

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