AAAM African Aura

 

TIDMAAAM 
 
RNS Number : 3257V 
African Aura Mining Inc. 
01 November 2010 
 

 NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE 
                                    SERVICES. 
 
01 November 2010 
 
TSX-V:  AUR 
AIM:     AAAM 
 
                        BOARD APPOINTMENT - DAVID READING 
 
African Aura Mining Inc. ("African Aura" or the "Company"), the TSX-V (AUR) and 
AIM (AAAM) listed exploration and development company focused on gold and iron 
ore in sub-Saharan Africa, is pleased to announce the appointment of David 
Reading as a non-executive director to the Board of African Aura, with immediate 
effect. 
 
Mr Reading has significant expertise in the global mining industry with over 35 
years' experience across the fields of exploration, feasibility, project 
development and mining. Mr Reading has an MSc in Economic Geology and has held 
senior positions with leading mining companies. He is the former CEO of European 
Goldfields and the former General Manager of African exploration for Randgold 
Resources. In addition he has held senior exploration and project development 
positions for Anglo American and Phelps Dodge. Pursuant to his appointment and 
the Company's Stock Option Plan, Mr Reading has been granted 200,000 incentive 
stock options over the Company's common shares of no par value at an exercise 
price of C$2.26 per share, being equal to the closing price of the Company's 
shares on the TSX-V on 29 October 2010. The options are granted for nil 
consideration and are exercisable immediately and for a period of five years 
from 01 November 2010. Mr Reading presently owns 200,000 common shares in the 
Company. 
 
David Netherway, Chairman of African Aura, commented: 
"We are pleased to welcome David to the Board of Directors. His proven track 
record in the exploration and development of substantial gold projects will be 
invaluable to African Aura as we move the New Liberty Gold project in Liberia 
towards production. David's expertise will complement the existing skills of the 
board and be valuable in maximising the potential of New Liberty as well as 
identifying and developing value creating growth opportunities in West Africa 
for our gold division." 
 
The information in relation to Mr. Reading's appointment required pursuant to 
Schedule 2 paragraph (g) of the AIM rules for Companies is as follows: 
 
Mr. Reading holds, or has held, the following directorships in the last five 
years: 
 
Current Directorships: 
Rio Novo Gold Inc. 
 
Previous Directorships: 
European Goldfields Ltd. 
 
About African Aura Mining Inc. 
African Aura is an established exploration and development company listed on the 
TSX-V (AUR) and London's AIM (AAAM). The Company operates two divisions, namely: 
iron ore and gold: 
 
-     The iron ore division includes its 38.5% interest in the Putu iron ore 
project in Liberia, which is moving through pre-feasibility managed by joint 
venture partner Severstal Resources (the mining division of Moscow listed OAO 
Severstal). In September 2010 Putu was granted a 25 year renewable Mineral 
Development Agreement by the Government of Liberia. The division also includes a 
100% interest in the Nkout iron ore project and surrounding iron targets in 
Cameroon which is subject to a resource definition drilling programme. 
 
-     The gold division includes the multi million ounce potential New Liberty 
greenstone gold deposit, which is being advanced through a bankable feasibility 
study, and the proximal Ndablama, Weaju, Silver Hills and Gondoja gold projects 
all within the Company's Bea Mountain 25 year renewable Mineral Development 
Agreement. 
 
In addition, the Company presently has a 22% interest in AIM-listed diamond 
producer Stellar Diamonds Plc (AIM: STEL, www.stellar-diamonds.com). 
 
The Company has a highly motivated and experienced team with a track record of 
discovering mines and taking projects through development and into production. 
As a pioneer, African Aura has attracted some excellent strategic partners and 
shareholders, always with the objective of preserving or enhancing shareholder 
value. For further information on the Company you are invited to visit its 
website at www.african-aura.com, or SEDAR's website at www.sedar.com, or contact 
one of the following: 
 
African Aura Mining Inc. 
Luis da Silva, President & CEO                                 Tel:  +44 (0) 20 
7257 2930 
 
Evolution Securities Limited 
Simon Edwards / Tim Redfern                                   Tel:  +44 (0) 20 
7071 4300 
 
Pelham Bell Pottinger 
Charles Vivian / James MacFarlane                           Tel:  +44 (0) 20 
7861 3232 
 
Forward-looking Statements 
This press release includes certain forward-looking statements. All statements, 
other than statements of historical fact, included herein, including without 
limitation, statements regarding the future plans and objectives of African 
Aura, are forward-looking statements that involve various known and unknown 
risks and uncertainties as well as other factors. Such forward-looking 
statements are subject to a number of risks and uncertainties that may cause 
actual results or events to differ materially from current expectations, 
including delays in obtaining or failure to obtain required regulatory 
approvals. 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. Any forward-looking statements speak only as of 
the date hereof and, except as may be required by applicable law, African Aura 
disclaim any obligation to update or modify such forward-looking statements, 
either as a result of new information, future events or for any other reason. 
 
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that 
term is defined in the policies of the TSX Venture Exchange) accept 
responsibility for the adequacy or accuracy of this release. 
 
Ends 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 BOADBBDGIUXBGGB 
 

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