RNS Number:8875N
AfriOre Limited
14 December 2006


                      Afriore Limited (the "Company" or "Afriore")

                                    Issue of Equity


14 December 2006


AfriOre Limited announces that Board approval has been given for the issue of
461,400 common shares pursuant to the exercise of share options. The new common
shares of nil par value will rank pari passu with the existing common shares.


Accordingly, application has been made for 461,400 new common shares to be
admitted to trading on AIM which is expected on 20 December 2006.


Following this, the number of common shares in issue in the Company is
51,664,375

                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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