Afferro Mining Inc, the listed exploration and Development Company with iron ore projects in Cameroon and Liberia, announced that drilling at the company 100% owned Nkout iron ore project in Southern Cameroon has intersected significant widths of high grade material with direct shipping ore potential.

The DSO material is located at surface in one minable area and will be included in the forthcoming November 2011 mineral resource estimate together with the revised banded iron formation resource.

Highlights

1. Significant drilling intercepts in one cross section with results that include
I). 51m at 63.4% Fe
II). 30m at 60.4% Fe
III). 48m at 58.6% Fe

2. Reconnaissance drill holes targeted at 200m intervals over a 1 kilometer extension.

3. These results support the existence of a high grade cap overlaying a BIF deposit.

4. Assays pending for 63 holes, which should be included in the November 2011 MRE.
I). 18,500m now drilled at Nkout
II). Five drilling rigs operating on site

The scoping study for infrastructure and logistics at Nkout is expected to be published by the end of October.