March 31, 2011
KENYA’S HIGH COURT GRANTS INTERIM ORDER TO AFRICAN QUEEN’S JV PARTNER ABBA MINING 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 staying the effectiveness of the adverse license claim of B & M Mining Company (“B & M”) covering 15 sq. km in the Kamwango area which is also covered by Special License no. 287 previously granted January 22, 2010, to Abba Mining Company (“Abba”), which covers an aggregate of 112 sq. km. (Please see the Company’s Press Release dated February 14, 2011.) The order is in effect for a period of up to 60 days to allow for disposition by the Court of the substantive merits of the dispute. The matter has now been scheduled for hearing on the merits on May 12, 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 under its joint venture with Abba, without interference from B & M or its affiliates pending formal adjudication by the Court of the merits of the dispute. The order was contained in a detailed 15 page opinion issued by the Hon. Judge R.N. Nambuye allowing Prayer 5 of the application previously filed on February 15, 2011 by Abba Mining Company.
The Company is active in Kenya exploring the Rongo Gold Fields Project with Abba. It has completed its Phase 1 field exploration program in 2010 and is now readying targets for a comprehensive core drilling program which is scheduled to commence within the next few months. The Company also has commenced exploration of the Ugunja Gold Project to the North under a separate joint venture with Kenya Discovery Limited and has applications pending with the Commissioner of Mines and Geology for exploration licenses covering other highly prospective areas in Kenya.
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 737 sq. km. of gold and other minerals licenses under agreements with two companies. 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.