Afferro Mining Inc listed exploration and development company with iron ore projects in Cameroon and Liberia, has applied for 93,750 new common shares in the Company to be admitted to trading on the AIM market of the London Stock Exchange. Application will also be made for listing on the TSX Venture Exchange.

The new Common Shares are being issued pursuant to the exercise of options. Admission is expected to become effective on August 3rd 2011. The new Common Shares will rank pari passu with the Company's existing Common Shares.

Following admission of the new Common Shares, the total issued share capital of the Company will be 103,914,700 Common Shares, all of which have voting rights.