Africo Resources Ltd. - Financing Cancelled



    TORONTO, April 27 /CNW/ - Africo Resources Ltd. (TSX: ARL) Africo
announces that due to the developments announced in its news release of
earlier today, Africo and its underwriters have mutually agreed to withdraw
the offering announced on April 13, 2007.
    This news release contains certain statements that may be deemed
"forward-looking statements". All statements in this release, other than
statements of historical fact, that address events or developments that Africo
expects to occur, are forward looking statements.

    Forward looking statements are statements that are not historical facts
and are generally, but not always, identified by the words "expects", "plans",
"anticipates", "believes", "intends", "estimates", "projects", "potential" and
similar expressions, or that events or conditions "will", "would", "may",
"could" or "should" occur. Although Africo believes the expectations expressed
in such forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results may
differ materially from those in forward looking statements. Factors that could
cause the actual results to differ materially from those in forward-looking
statements include market prices, exploitation and exploration success,
continued availability of capital and financing and general economic, market
or business conditions. Investors are cautioned that any such statements are
not guarantees of future performance and actual results or developments may
differ materially from those projected in the forward-looking statements.
Forward looking statements are based on the beliefs, estimates and opinions of
Africo's management on the date the statements are made. Africo undertakes no
obligation to update these forward-looking statements in the event that
management's beliefs, estimates or opinions, or other factors, should change.

    The Toronto Stock Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.

    %SEDAR: 00024685E




For further information:

For further information: Africo Resources Ltd., Dr. Tony Harwood,
President and CEO or Chris Theodoropoulos, Chairman, (604) 646-3225; Michael
O'Brien, Chief Financial Officer, (604) 646-3225; Bill Cavalluzzo, Investor
Relations, 1-866-365-4706; E-mail: bcavalluzzo@rogers.com, Website:
www.africoresources.com

Organization Profile

AFRICO RESOURCES LTD.

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