AFRICAN QUEEN MINES LTD. (the "Company") is pleased to announce that Ms. Jennifer Todhunter has been appointed to serve as VP Financial Administration of the Company. Ms. Todhunter has served the Company in the capacity of Finance Manager since May 2005. Ms. Todhunter has extensive accounting and finance experience, dealing with the complexities of both private and public corporations. She has spent the last ten years working with public companies, predominantly those in the mining industry.
In connection with the appointment of Ms. Todhunter as VP Financial Administration the Company has granted her incentive stock options, subject to any necessary regulatory approvals, to purchase up to 50,000 shares of its Common Stock. The options are exercisable for a term of three years at a price of CAD $0.25 per share.
According to Mr. Irwin Olian, CEO of the Company, "Jennifer has contributed significantly to our success over the years and we are delighted to recognize her contributions through this appointment."
About African-Queen
The Company is an exploratory resource company with diversified mineral properties in Southern, East and West Africa. It is exploring its properties in Mozambique, Ghana and Kenya for gold and other metals and it is undertaking exploration in Botswana and Namibia for diamonds, gold and other metals. In Mozambique the Company has approximately 230 sq. km. under license for gold and metals under an agreement with another company. In Ghana it has 28.9 sq. km. under license for gold. In Kenya it has approximately 850 sq. km. under license for gold and metals, and a further 737 sq. km. of gold and other minerals licenses under agreements with two other companies. The Company's licenses in Botswana comprise approximately 2890 sq. km. of diamond prospects. The Company's 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. 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. The Company has its executive offices in Vancouver, Canada. The Company was incorporated under the laws of the Province of British Columbia, Canada on April 30, 2008 and received the southern African net assets in a spin off transaction related to the acquisition of Pan African Mining Corp. by Asia Thai Mining Co., Ltd.
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.
Contacts:
AFRICAN QUEEN MINES LTD.
Irwin Olian, President and CEO
E-mail:
tigertail@africanqueenmines.com
Phone:
(604) 899-0100
Fax: (604) 899-0200
or
Carrie Howes,
Corporate Communications
Email: carrie@africanqueenmines.com
Phone:
Germany - +49 (0) 21141 740411
U.K. - +44 (0) 870 490 5443
Canada
- +1 416 900 3634
