Afri-Can Marine Minerals Corporation ("Afri-Can") (TSX Venture: AFA) announces that it is exercising its option to acquire 20% of the shares of Thyme Investments (Pty) Ltd. (“Thyme”), the owner of 100% of the Exploration and Prospecting License (“EPL”) 3403 marine diamond
concession in Namibia. The Thyme share purchase agreement announced on October 12th, 2010, between Afri-Can and International Dredging and Holding Ltd ("IMDH") and BV Investments Four Hundred and Nine (Pty) Ltd. (“BVI”), has been amended as detailed below.

Afri-Can Marine Minerals Corporation ("Afri-Can") (TSX Venture: AFA) and Deep-South Mining
(PTY) Ltd. (“Deep-South”) announce that they have engaged Jennings Capital Inc. (“Jennings
Capital”) as financial advisor and lead agent in connection with the listing of their combined 30%
interest the Haib Copper project in Namibia (“Haib Copper”).

Afri-Can Marine Minerals Corporation ("Afri-Can") (TSX Venture: AFA) and Deep-South Mining (PTY) Ltd (“Deep-South”), announce that Teck Cominco Namibia Limited (“Teck”), a wholly owned subsidiary of Teck Resources Limited, has informed Deep-South that it has incurred the required exploration expenditures and payments and has exercised its option to earn a 70% undivided interest in the Haib copper project in Namibia

Afri-Can Marine Minerals Corporation ("Afri-Can") (TSX Venture: AFA) announces that it has closed a non-brokered private placement totalling $1,106,700.  The private placement comprises 15,810,000 units (“Unit”) of Afri-Can, at a subscription price of $0.07 per Unit.

Following the results of its successful preliminary sampling program completed on April 19, 2011, in the Exclusive Prospecting Licence (“EPL”) 3403 marine diamond concession in Namibia (see Map 1 attached), Afri-Can Marine Minerals Corporation ("Afri-Can") TSX Venture: AFA) today announced its plans to conduct a geophysical survey on the southern region of the EPL to be followed by a resource delineation sampling program.

Afri-Can Marine Minerals Corporation ("Afri-Can") (TSX Venture: AFA) announces that it will close a non-brokered private placement totalling up to $1.3 million, of which $1.0 million has been fully subscribed.

Afri-Can Marine Minerals Corporation ("Afri-Can") is pleased to announce that it has been selected for inclusion in the RB Milestone Portfolio, a group of companies selected by RB Milestone Group, LLC ("RB Milestone"), to be introduced to the market via a combination of traditional and innovative analytical and communication strategies including equity research, The Portal NetworkTM, market intelligence and non-deal road shows.

Afri-Can Marine Minerals Corporation ("Afri-Can") today summarized the results of its successful
sampling program completed on April 19th, 2011 in the Exclusive Prospecting Licence (“EPL”)
3403 marine diamond concession in Namibia (see Map 1 attached).

Afri-Can Marine Minerals (TSX.V:AFA) (“Afri-Can”) today announced that it has
appointed Paradox Public Relations Inc. (“Paradox”) of Montreal to provide strategic
investor relations services for the Company.

Afri-Can Marine Minerals Corporation ("Afri-Can") (TSX Venture: AFA) announces its initial
diamond sampling program on the EPL 3403 Marine Diamond Concession in Namibia is
complete, and the sampling vessel is back at the port of Luderitz.

Afri-Can Marine Minerals Corporation ("Afri-Can") (TSX Venture: AFA) announces that its
diamond sampling program on the EPL 3403 Marine Diamond Concession in Namibia started
on March 25th, 2011.

Afri-Can Marine Minerals Corporation ("Afri-Can") (TSX Venture: AFA) announces that it will
start its diamond-sampling program on the EPL 3403 Marine Diamond Concession in Namibia
on / or about March 25th, 2011.

Afri-Can Marine Minerals Corporation ("Afri-Can") (TSX Venture: AFA) announces that it has signed a charter agreement for mv DP The Explorer with International Mining and Dredging Holding Ltd.

Afri-Can Marine Minerals Corporation announces that its Board of Directors, by a resolution
adopted on March 1, 2011, has authorized the extension until March 16, 2012 of the 1,250,000
share purchase warrants set to expire on March 16, 2011. These warrants have an exercise
price of $0.15.

Afri-Can Marine Minerals Corporation ("Afri-Can" or “Company”) (TSX Venture: AFA) announces that it will close a non-brokered private placement totalling $2.5 million, of which currently $2.0 million has been committed, to acquire shares of Thyme Investment (PTY) Ltd (“Thyme”), the owner of the EPL 3403 Marine Diamond Concession in Namibia.

Afri-Can Marine Minerals Corporation ("Afri-Can") (TSX Venture: AFA) announces that at its
Annual General Meeting held on January 26th, 2011, it received approval from its shareholders
regarding the acquisition of the shares of Thyme Investment (PTY) Ltd, the owner of the EPL
3403 Marine Diamond Concession in Namibia.

Afri-Can Marine Minerals Corporation announces that its Board of Directors, by a resolution adopted on January 5, 2011, has authorized the extension until January 26, 2012 of the 1,590,625 share purchase warrants set to expire on January 26, 2011. These warrants have an
exercise price of $0.15.

Afri-Can announces that it has received conditional approval from the TSX Venture Exchange regarding the acquisition of the shares of Thyme Investment