Concerning Order by Kenya's High Court
bwire
VANCOUVER, British Columbia (Business Wire) -- AFRICAN QUEEN MINES LTD. (the "Company") announces that its Press
Release dated February 24, 2011, erroneously reported that the High
Court of Kenya in Kisumu had issued a formal order prohibiting any
activities by B & M Mining Company ("B & M") and its affiliates on B &
M's disputed License no. 214 covering 15 sq. km in the Kamwango area,
which is also covered by Special License no. 287 granted to Abba Mining
Company ("Abba") on January 22, 2010, which covers an aggregate of 112
sq. km., and had stayed the effectiveness of said License no. 214,
thereby prohibiting B & M and its JV partner Linear Metals Corporation
(T: LMR) from entering upon the disputed ground. This erroneous language
is hereby retracted. The Company is not a party to the foregoing action
and relied upon information supplied by sources in Kenya which was
believed to be true but turned out to contain errors.
In lieu of the foregoing, the Press Release should say that upon
application, the High Court of Kenya in Kisumu on February 24, 2011,
issued an order granting leave to Abba to apply for orders of
certiorari, prohibition and mandamus in order to proceed with its action
to quash B & M's License no 214, prohibit any adverse actions against
Abba's Special License no. 287 and enforce Abba's rights to full
enjoyment of said Special License no. 287. The High Court ordered that
Abba's request for a stay of actions granting effectiveness of License
no. 214 would be heard on March 3, 2011.
Insofar as there has been no challenge to date of Special License No.
287 or restatement of its boundaries, and the Commissioner of Mines and
Geology has previously issued a letter confirming validity of such
License as well as a letter approving the Joint Venture between Abba and
the Company, counsel for Abba advises that the effect of the High Court
order granting leave as aforesaid is to allow Abba and the Company to
continue to work on the Kamwango Prospect without interference pending
further 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.
"Irwin Olian"
Irwin Olian
Chairman & CEO
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.
AFRICAN QUEEN MINES LTD.Irwin Olian, 604-899-0100President
and CEOFax: 604-899-0200tigertail@africanqueenmines.comorCarrie
Howes, Corporate CommunicationsGermany - +49 (0) 21141 740411U.K.
- +44 (0) 870 490 5443Canada - +1 416 900 3634carrie@africanqueenmines.com
