October 15, 2008
African Queen Mines Ltd. Commences Trading
AFRICAN QUEEN MINES LTD. (TSX-V: AQ) (the "Company") is pleased to announce that effective at the opening on Thursday, October 16, 2008, its Common Shares will commence trading on the TSX Venture Exchange under the symbol "AQ." The Company presently has 34,465,292 Common Shares outstanding. The Company's Common Shares were distributed to the former shareholders of Pan African Mining Corp. in connection with its acquisition by Asia Thai Mining Co., Ltd. on June 27, 2008.
The Company is an exploratory resource company with diversified mineral properties in Southern Africa. It is exploring its properties in Botswana and Namibia for diamonds, and it is exploring its properties in Mozambique for gold and other metals. The Company licences in Botswana and Namibia comprise approximately 11,800 sq km of diamond prospects. In Mozambique it has approximately 2,000 sq km of licences under agreements with three other companies to explore for gold and other metals. 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.; and its operations in Mozambique are carried out through its subsidiary PAM Mocambique Limitada.
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.
Distributed by Filing Services Canada and retransmitted by Marketwire
For more information, contact: Irwin Olian President and CEO E-mail: Email Contact Phone: (604) 899-0100 Fax: (604) 899-0200 Limor Rubin CFO and Director Email: Email Contact Phone: (604) 899-0100 Fax: (604) 899-0200
SOURCE: African Queen Mines Ltd.