AfriOre Announces Cancellation of AIM Listing



    TSX/AIM:AFO

    ROAD TOWN, British Virgin Islands, Jan. 30 /CNW/ - AfriOre Limited
("AfriOre" or "the Company") (TSX/AIM:AFO) announces, further to a news
release of January 26, 2007 by Lonmin plc ("Lonmin") detailing the successful
C$8.75 per share offer (the "Offer") by Lonmin for AfriOre, the Company has
submitted a request to the Alternative Investment Market of the London Stock
Exchange ("AIM") for the cancellation of the trading of shares in the capital
of AfriOre (the "Shares") on AIM. Such cancellation is subject to a minimum 20
business day notice period and accordingly the Company has requested
cancellation of trading in AfriOre Shares on AIM to be effective on
February 28, 2007. Therefore, the last day of trading in AfriOre Shares on AIM
is expected to be February 27, 2007. Such cancellation will significantly
reduce the liquidity and marketability of the AfriOre Shares on AIM.
    Shareholders of AfriOre who have not yet accepted the Offer and who hold
AfriOre Shares in certificated form should complete, sign and return the
requisite documentation as soon as possible as the Offer period has been
extended to 1:00 pm (Toronto time) on February 8, 2007. Shareholders of
AfriOre who hold Shares in the form of CREST depositary interests and who have
not yet accepted the Offer should contact CREST Depositary Limited as soon as
possible to arrange for their Shares to be tendered to the Offer.

    Forward Looking Statements:
    This announcement may include forward-looking statements. All statements
other than statements of historical fact included in this announcement,
including without limitation those regarding plans, objectives and expected
performance, are forward-looking statements. These forward-looking statements
are based on current expectations and projections about future events,
including numerous assumptions regarding present and future business
strategies, operations, and the environment in which the business will operate
in the future. Forward-looking statements generally can be identified by the
use of forward-looking terminology such as 'ambition', 'may', 'will', 'could',
'would', 'expect', 'intend', 'estimate', 'anticipate', 'believe', 'plan',
'seek' or 'continue', or negative forms or variations of similar terminology.
Such forward-looking statements involve known and unknown risks,
uncertainties, assumptions and other factors. By their nature, forward-looking
statements involve risks, uncertainties and assumptions and many relate to
factors which are beyond the company's control, such as future market
conditions and the behaviour of other market participants. Actual results may
differ materially from those expressed in forward-looking statements. Given
these risks, uncertainties, and assumptions, you are cautioned not to put
undue reliance on any forward-looking statements. In addition, the inclusion
of such forward-looking statements should under no circumstances be regarded
as a representation that any results set out in such statements will be
achieved or that the underlying assumptions used will in fact be the case.
Other than as required by applicable law or the applicable rules of relevant
exchanges, the company has no intention or obligation to update or revise any
forward-looking statements included in this announcement after the release of
this announcement.

    %SEDAR: 00008254E




For further information:

For further information: Alex Shorland-Ball, Vice President, Investor
Relations & Communications, Lonmin plc, +44 (0) 20 7201 6060; Nominated
Adviser to AfriOre Limited: Richard Thompson/Freddy Crossley, Corporate
Finance, Charles Stanley Securities, +44 (0) 20 7149 6000

Organization Profile

AFRIORE LIMITED

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