AFR Nuventure Resources Inc

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TSXV: AFR

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VANCOUVER, March 3 /PRNewswire/ - African Metals Corporation ("AFR") (TSXV: AFR) is pleased to report that the Company has received final assay results from 4 drill holes completed on its Luisha South Project in the Katanga Provence of Democratic Republic of Congo. The results confirm the continuity and grade of mineralization identified by the June 2010 Reverse Circulation (RC) drilling program, and with LUDH025 extends the mineralization beyond current resource block model limits.

HIGHLIGHTS

• 48.50 meters at 1.64% Cu, 0.26% Co from 33.3m (LUDH025)
• 42.95 meters at 1.93% Cu, 0.60% Co from 2.3m (LUDH026)

Including 6.15 meters at 3.23% Cu, 0.98% Co from 2.6m.

• 22.35 meters at 2.28% Cu, 0.51% Co from 0m (LUDH032)

Including 4.45 meters at 5.62% Cu, 1.00% Co from 7.2m.

Luisha South Project Diamond Drilling

Rubaco Sprl and DrillTek Sprl, drilling contractors, combined to complete a total of 1538.73 metres of diamond core drilling from 22 holes at the Luisha South Project in January 2011. The holes targeted down dip and southeast extensions of mineralization highlighted by the March 2010 geochemical sampling program and June 2010 RC drilling program.

The RC drill program enabled a JORC and NI43-101F compliant resource estimation of the Luisha pit mineralization, resulting in an Inferred Resource of 75,400 tonnes of copper and 23,200 tonnes of cobalt metal. Some of the holes from the RC program however either terminated within, or short of, copper and cobalt mineralized horizons, producing interpolation gaps in the resource block model. The diamond holes in the recently completed program were designed to infill the gaps and further define the extents of the mineralization.

Figure 1: Luisha diamond drill holes (blue); 10 as holes cored from surface and 12 as diamond tails to RC pre-collars; holes with reported assay results are highlighted red (4).

http://files.newswire.ca/138/map1African.doc

The reported analytical results were from four holes cored in the base of the Luisha open pit. Drill hole LUDH025 successfully tested the down dip extent of the northeast pit wall mineralization, intersecting consistent copper and cobalt mineralization from areas that are outside of the current resource block model; of significance are approximately ten intersections returning >2% copper (Figure 2).

Drill holes LUDH026, LUDH027 and LUDH032 successfully tested the near surface continuity of the northeast pit wall mineralization in locations where the June 2010 RC drilling was hindered by topographic constraints and holes were unable to be drilled. The analytical results support a potential upgrade to the resource model in this part of the pit.

Mineralization styles observed in the core included both syngenetic (bedding parallel and disseminated fine pyrite lenses and blebs replaced by chalcopyrite and carrolite) and epigenetic (fracture and vein hosted sulphides). Supergene minerals malachite and heterogenite are observed overprinting and replacing the earlier sulphide phases.

Figure 2: Luisha diamond drill hole LUDH025, successfully tested interpolation gap in the resource block model and confirmed down dip continuation of mineralization.

http://files.newswire.ca/138/map2African.doc

Anomalous intercepts based on 0.5% Cu cut off are summarised in Table 1.

Table 1: Anomalous length weighted drill intercepts, Luisha South Project.

Notes: Grid coordinates are WGS84, Zone 35 South; Azimuth is magnetic; intersections are down hole widths, not true widths; reported assays are length weighted average intercepts; intercepts are based on 0.5% copper cut off, with no top cut; reported intercepts include a maximum of two "internal waste" sample intervals of