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.