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Director's Share Dealing

Donnerstag, 22.10.2009 08:30

October 22, 2009
 
TSX-V: AUR
AIM: AAAM
 
African Aura Mining Inc.
 
Directors' Share Dealing
 
October 21, 2009, African Aura Mining Inc. ("African Aura" or the
"Company") (TSX-V: AUR) and (AIM: AAAM); the Company was informed
October 21, 2009 that Guy Pas, a Director of the Company, made a
further purchase of common shares of the Company ("Common Shares"):
 
+-------------------------------------------------------------------+
| | Common | Price | Date of | Total | Common Shares |
| | Shares | per | purchase | Common | as a percentage |
| | purchased | Common | | Shares | of current |
| | | Share | | held | issued share |
| | | (p) | | following | capital |
| | | | | purchase | (%) |
|-----+-----------+--------+----------+-----------+-----------------|
| Guy | 50,000 | 63 | October | 5,009,226 | 9.47 |
| Pas | | | 20, 2009 | | |
+-------------------------------------------------------------------+
 
About African Aura Mining Inc.
African Aura is an established African exploration and development
company with a primary listing on the TSX-V (AUR) and a secondary
listing on London's AIM (AAAM). African Aura is focused on the
development of world-class iron ore and gold deposits in highly
prospective, under explored countries of sub-Saharan Africa. The
Company has a highly motivated and experienced team with a record of
discovering mines and taking projects through development and into
production in African.
 
African Aura's assets include the New Liberty gold deposit and the
Putu iron ore project, both in Liberia. Putu is being explored and
operated by the Company's Joint Venture partner, Severstal Resources
(the mining division of OAO Severstal). Severstal Resources is one
of the largest mining companies in Russia with EBITDA in 2008 of
US$859 million. The Company also has a 59% interest in diamond
producer Stellar Diamonds Ltd. A pioneer in Africa, African Aura has
attracted some excellent strategic partners and shareholders always
with the objective of preserving or enhancing shareholder value. For
further information on the Company you are invited to visit its
website at www.african-aura.com, or SEDAR's website at www.sedar.com,
or contact one of the following:
 
African Aura Mining Inc.
Luis da Silva, President & CEO Tel: +44 (0) 20 7299 4212
 
Evolution Securities Limited
Simon Edwards / Chris Sim / Neil Elliot Tel: +44 (0) 20 7071 4300
 
Pelham Public Relations
Charles Vivian / James MacFarlane Tel: +44 (0) 20 7337 1500
 
Qualified Person
African Aura's Qualified Person responsible for preparing this
release is Dr. Tom Elder, who holds a BSc and Doctorate in Geology
from the University of Durham in the UK, is a Fellow and former
Member of Council of the Institution of Mining and Metallurgy, and a
Fellow of the Geological Society.
 
Quality Control and Sample Preparation
African Aura has a rigorous Quality Control Program (QCP) inserting a
minimum 5% of standards, blanks and duplicates into the sample
stream. The Company employs independently owned and managed OMAC
Laboratories for all its assay requirements, including the
preparation of pulps to 90% -100 micron at their in-country
preparation facilities in Liberia, followed by XRF at their main
laboratory in Loughrea, Ireland.
 
OMAC is accredited to ISO 17025 by INAB (Irish National Accreditation
Board) which is a member of ILAC (International Laboratory
Accreditation Cooperation), and is a signatory to the ILAC Mutual
Recognition Arrangement. OMAC operates an internal QA/QC check assay
programme using in-house standards, reagent blanks and duplicates.
 
Forward-looking Statements
This press release includes certain forward-looking statements. All
statements, other than statements of historical fact, included
herein, including without limitation, statements regarding the future
plans and objectives of African Aura, are forward-looking statements
that involve various known and unknown risks and uncertainties as
well as other factors. Such forward-looking statements are subject to
a number of risks and uncertainties that may cause actual results or
events to differ materially from current expectations, including
delays in obtaining or failure to obtain required regulatory
approvals. There can be no assurance that such statements will prove
to be accurate and actual results and future events could differ
materially from those anticipated in such statements. Any
forward-looking statements speak only as of the date hereof and,
except as may be required by applicable law, African Aura disclaim
any obligation to update or modify such forward-looking statements,
either as a result of new information, future events or for any other
reason.
 
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accept responsibility for the adequacy or accuracy of this release.
Ends
 
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This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.