African Mining and Exploration plc (AME) is a West African focussed exploration company formed by a key group of mining and exploration professionals who between them have over 100 years of experience in the African mining sector.

AME currently has two highly prospective licences in Mali, Africa's third largest gold producer after South Africa and Ghana, and is working on gaining additional exploration opportunities in Guinea, Côte d'Ivoire, Senegal and Sierra Leone. AME has secured a top quality team of advisors and professionals to support the core management both in London where the company is headquartered and West Africa where its main offices are in Bamako. Following the successful fundraising in October 2010, AME was admitted to AIM on November 1 2010. The management now has the key target of working towards a JORC resource at its flagship project called Karan in South Western Mali.

AME's stated strategic objective is:

'to create a gold focussed exploration company concentrating on the investment in quality early exploration opportunities in West Africa through utilising the strengths of experienced professionals and partners to deliver significant investment return with managed risk'.

Commenting on Mali, Randgold resources CEO, Mark Bristow told a media briefing in Bamako, on 30 July 2010, that Randgold Resources' recent discovery of a world-class gold deposit at Gounkoto in western Mali confirms the region's potential for further finds of this size.

"Mali still holds enormous potential for further gold discoveries for those who are bold enough to invest in the region. It is with this in mind that we have built a substantial infrastructure at Loulo, capable of serving as a hub for a growing gold mining industry around it''.

The Directors of AME are in full agreement and believe that substantial potential exists for the discovery of new economic gold mines in the Country and the presence of a significant number of well-established gold producers offers scope for future joint ventures and other business arrangements likely to be beneficial to shareholders in the future. AME's Board has a proven track record in African gold exploration and mining and therefore an ability to allocate its resources to best effect quickly turning to account advanced exploration projects through appropriate and cost effective exploration.

The Board intends to use its knowledge of working in West Africa to continue to expand its portfolio of gold assets through the judicious selection and acquisition of advanced projects with a low entry cost and potentially an early generation of gold resources.The Directors are firmly committed to maintaining the highest professional and corporate governance standards.

Strategically, the allocation of resources will be completed in the most efficient manner that will preserve and increase cash assets whilst at the same time allow the Board to build a portfolio of exploration ground with potential to host new gold mines.