African Aura Mining Inc - Grant of Stock Options




TORONTO, Jan. 12 /CNW/ - The Board of African Aura Mining Inc ("African Aura" or the "Company") announces that, pursuant to its Stock Option Plan, it has granted incentive stock options to certain directors and employees of the Company. The share options were granted over a total of 1,208,750 common shares, representing approximately 2.3% of the issued share capital of the Company at an exercise price of Cdn$1.22 per share, exercisable immediately and for a period of five years from 8 January 2010.

The allocation of stock options to directors was as follows:

                                     New options issued   Total options held
    David Netherway   Chairman             300,000              555,123
    Luis da Silva     President & CEO      220,000              557,500
    Guy Pas           Director             125,000              468,750
    David Evans       Director             125,000              462,500
    Steven Poulton    Director             150,000              357,938

These options were issued for nil consideration.

About African Aura Mining Inc.

African Aura is an established African exploration and development company listed on the TSX-V (AUR) and London's AIM (AAAM). African Aura is focused on the development of world-class iron ore and gold deposits in highly prospective, under explored countries of sub-Saharan Africa. The Company has a highly motivated and experienced team with a record of discovering mines and taking projects through development and into production in African.

African Aura's assets include the New Liberty gold deposit and the Putu iron ore project, both in Liberia, as well as a 59% interest in diamond producer Stellar Diamonds Ltd. A pioneer in Africa, African Aura has attracted some excellent strategic partners and shareholders always with the objective of preserving or enhancing shareholder value.

SOURCE Afferro Mining Inc.

For further information: For further information: on the Company you are invited to visit its website at, or SEDAR's website at, or contact one of the following: African Aura Mining Inc., Luis da Silva, President & CEO, Tel: +44 (0) 20 7299 4212; Evolution Securities Limited, Simon Edwards, Chris Sim, Neil Elliot, Tel: +44 (0) 20 7071 4300; Pelham Public Relations, Charles Vivian, James MacFarlane, Tel: +44 (0) 20 7337 1500

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Afferro Mining Inc.

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