African Aura Mining Inc - Grant of Stock Options and Director's Dealings




TORONTO, May 13 /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 the directors and certain employees of the Company. The share options have been granted over a total of 1,250,000 common shares of no par value ("Common Shares"), representing approximately 1.49% of the issued share capital of the Company at an exercise price of Cdn$1.25 per share, being equal to the closing price of the Common Shares on the TSX-V on 12 May 2010 (being the latest practical date prior to the grant of the options), exercisable immediately and for a period of five years from 13 May 2010 ("Options").

The allocation of Options to directors is as follows:

                                     New Options issued   Total Options held
    David Netherway    Chairman            200,000              755,123
    Luis da Silva      President & CEO     200,000              757,500
    Steven Poulton     Director            200,000              557,938
    Guy Pas            Director            150,000              618,750
    David Evans        Director            150,000              612,500
    Boris Granovsky    Director            150,000              150,000

These Options were issued for nil consideration.

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 (1.08 billion tonnes of iron ore at 37.6%
        total iron, from drilling on less than 25% of the Putu ridge) in
        Liberia which is moving through pre-feasibility managed by its joint
        venture partner Severstal Resources (the mining division of Moscow
        listed OAO Severstal). The division also includes a 100% interest in
        the Nkout iron ore project and surrounding iron targets in Cameroon.

    -   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 Weaju, Gondoja and Silver
        Hills projects, all in western Liberia.

    -   In addition, the Company has a 31.8% interest in AIM listed diamond
        producer Stellar Diamonds Plc (AIM: STEL,

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.

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 7257 2930; Evolution Securities Limited, Simon Edwards, Chris Sim, Neil Elliot, Tel: +44 (0) 20 7071 4300; Pelham Bell Pottinger, Charles Vivian, James MacFarlane, Tel: +44 (0) 20 7337 1500

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Afferro Mining Inc.

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