Afri-Can Marine Minerals Corporation ("Afri-Can") (TSX VENTURE:AFA) has reached
agreement with International Mining and Dredging Holding Ltd ("IMDH") to start a
geophysical survey on Exclusive Prospecting Licence ("EPL") 3403 marine diamond
concession in Namibia on or about April 28, 2012.


Afri-Can has chartered the vessel SP Star from IMDH to carry out a geophysical
survey that will cover a maximum of 1,400 line-kilometres, which will require
about 16 days. The survey will cover 90 square kilometres in the south end of
EPL 3403 and will cover Depositional Areas 1, 2 and 3 already delineated by
previous sampling programs (see below Maps 1 and 2). The goal of the geophysical
survey is to model accurately the geology and delineate the boundaries of the
deposits in order to prepare for a second sampling phase. The second sampling
phase will allow resources estimation in anticipation of subsequent trial
mining.


Afri-Can holds an option to acquire 100% of the shares of Thyme Investments
(Pty) Ltd. ("Thyme"), the owner of 100% of EPL 3403. Afri-Can will earn a first
20% in Thyme by issuing 20% of 65 million of its own shares to Thyme and
carrying out a geophysical survey. Afri-Can will earn the remaining 80% of Thyme
by completing a sampling program and issuing the balance of 80% of the 65
million of its own shares to Thyme. 


EPL 3403 covers approximately 800 square kilometres and is adjacent to and north
of the Atlantic One Mining Lease ("ML") 47 (owned by Namdeb Diamond Corporation
(Pty) Limited, a 50:50 partnership between the Government of the Republic of
Namibia and De Beers Centenary AG), which is the largest marine diamond deposit
in the world. ML 47 currently produces in excess of 1,100,000 carats per year.


On another matter, Afri-Can and Trinity Assets Management International Ltd.
("Trinity") of Mauritius have agreed that the private placement previously
announced on April 12, 2012, will be a brokered private placement and that
Trinity shall be entitled to a cash remuneration equal to 5% of the gross
proceeds of the private placement.


About Afri-Can Marine Minerals Corporation

Afri-Can is a Canadian company, actively involved in the acquisition,
exploration and development of major properties in Namibia. Afri-Can's creative
and scientific approach targets large marine diamond deposits in prospective
territories. 


This press release contains certain "forward-looking statements," as identified
in the Afri-Can's periodic filings with Canadian Securities Regulators that
involve a number of risks and uncertainties. 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. 


To view the Maps 1 and 2 associated with this press release, please visit the
following link: http://media3.marketwire.com/docs/AFA_Map1_and_2.pdf).


Shares outstanding: 238,524,984
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