Afri-Can Marine Minerals Corporation ("Afri-Can") (TSX VENTURE:AFA)has signed a
charter agreement for the vessel mv DP The Explorer with International Mining
and Dredging Holding Ltd. ("IMDH") to carry out a diamond-sampling program on
the Exclusive Prospecting Licence ("EPL") 3403 Marine Diamond Concession in
Namibia. The program is expected to start on or about November 25th, 2012, and
will last for at least 14 days and extract a minimum of 250 samples. 


The priorities of the program are to begin delineation of the diamond potential
and inferred resources in targeted areas of the diamondiferous features already
identified in the southern portion of EPL 3403. The program will also include
some exploratory samples in new target areas delineated by the recent
geophysical survey. Details of the program will be disclosed in a separate press
release. 


The mv DP The Explorer is an efficient, dedicated sampling vessel, which can
sample down to depth of 250 metres and extract up to 21 samples per day. The
sample size is 5 square metres, and the sampling tool can work through up to 12
metres of overburden. 


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 (see attached map). 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. 


Figure of EPL3403 is available at the following link:
http://media3.marketwire.com/docs/AFA_EPL3403.jpg.


Shares outstanding: 83,277,864

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