February 24, 2011
AFRICAN QUEEN’S JV PARTNER ABBA MINING WINS INTERIM ORDER IN KENYA’S HIGH COURT TODAY AGAINST ADVERSE LICENSE CLAIMANT
Vancouver, British Columbia — AFRICAN QUEEN MINES LTD. (the “Company”) announces that the High Court of Kenya in Kisumu has issued a formal order today prohibiting any activities by B & M Mining Company (“B & M”) and its affiliates on B & M’s disputed license covering 15 sq. km in the Kamwango area which is also covered by Abba Mining Company’s Special License no, 287 granted January 22, 2010, which covers an aggregate of 112 sq. km. (Please see the Company’s Press Release dated February 14, 2011.) The order is in effect pending formal adjudication of the dispute, which is scheduled to commence on March 3, 2011.
The effect of the interim order is to allow the Company to continue work on the Kamwango prospect of its Rongo Gold Fields property without interference from B & M or its JV partner, Linear Metals Corporation (T: LMR). The effectiveness of B & M’s adverse license has now been stayed and such parties are now prohibited from entering upon the ground in question pending formal adjudication.
The Company is active in Kenya exploring the Rongo Gold Fields Project with Abba. It has completed its Phase 1 field exploration program and is now readying targets for a comprehensive core drilling program which is scheduled to commence within the next few months. The Company is also in negotiation on several joint ventures with other partners covering other projects and has applications pending with the Commissioner of Mines and Geology for exploration licenses covering a number of other highly prospective areas.
About African Queen
The Company is an exploratory resource company with diversified mineral properties in Southern and West Africa. It is exploring its properties in Mozambique, Kenya and Ghana for gold and other metals and it is exploring its properties in Botswana and Namibia for diamonds. The Company’s licenses in Botswana and Namibia comprise approximately 9208 sq km of diamond prospects. In Mozambique it has approximately 230 sq km of gold and other metals licenses under an agreement with another company. In Kenya it has approximately 112 sq. km. of gold and other minerals licenses under an agreement with another company. Its operations in Botswana are carried out through its operating subsidiary, PAM Botswana (Pty) Ltd.; its operations in Namibia are carried out through its operating subsidiary PAM Minerals Namibia (Pty) Ltd.; its operations in Mozambique are carried out through its subsidiary PAM Mocambique Limitada and its operations in Ghana are carried out through its subsidiary AQ Ghana Gold Limited. Its operations in Kenya are being carried out through its operating subsidiary AQ Kenya Gold Limited. The Company has its executive offices in Vancouver, Canada.
ON BEHALF OF THE BOARD OF DIRECTORS OF
AFRICAN QUEEN MINES, LTD.
Chairman & CEO
For more information, contact:
President and CEO
Phone: (604) 899-0100
Fax: (604) 899-0200
Dubai - +971 55 997 0427
London - +44 (0) 7780 602 788
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of the information contained herein. The statements made in this press release may contain certain forward-looking statements that involve a number of risks and uncertainties. Actual events or results may differ from the Company's expectations.