Afri-Can revises Namibia estimation

Afri-Can Marine Minerals Corporation announces that Delmar Geoservices Ltd. has completed its interpretation and analysis of the Phase 2 geophysical and vibracore sampling programme, in a technical report entitled “The Geological History of EPL 2499 (Block J), Offshore, Republic of Namibia, with special reference to diamond mineralisation.”

The report is prepared in accordance with the provisions of National Instrument 43-101. Block J is an Exclusive Prospecting Licence, issued by the Ministry of Mines and Energy of the Government of the Republic of Namibia, in which Afri-Can holds a 70% interest and is the operator. Block J is not subject to any royalties, back-in rights, payments or other agreements or encumbrances.

Delmar Geoservices Ltd.’s technical report is based on the high resolution geophysical survey and vibracore sampling programme carried out in October and November 2006, and recommends a quantitative sampling programme to develop mineral resources on Block J.

Key points from Delmar Geoservices Ltd. report are:

Geophysics and vibracoring work in 2006 and subsequent interpretation and analysis of the results have much improved understanding of the geological history of Block J. This has allowed much greater confidence in targeting particular sediment formations.

It is now known that, since early Tertiary times, a major drainage system ran off the continent into Block J. This provided a conduit for diamonds, released from Tertiary formations at higher levels, down into Block J during times of low sea level.

During the last glacial maximum lowering of sea level, the older sediments were eroded and the Terrestrial Colluvial (TC) formation was deposited. Where the TC formation occurs adjacent to earlier diamondiferous outcrops, such as the Miocene Basal Unit, the former contains many diamonds.

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