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Afri-Can Marine Minerals Reports on Conversion of Diamond Sampling Vessel MONTREAL, QUEBEC--(MARKET WIRE)--Oct 9, 2008 -- Afri-Can Marine Minerals Corporation ("Afri-Can") (CDNX:AFA.V - News)(Frankfurt:AJF.F - News) reports that International Mining and
Dredging Holding Ltd. (IMDH) has advised that the conversion
of the contracted sampling vessel MV DP The Explorer is
well advanced and approaching completion. The vessel recently
completed a sea test of the mechanical systems, and has
returned to dry dock for normal adjustments prior to sailing
to Cape Town, South Africa. Therefore, IMDH has advised
Afri-Can that the vessel will leave the JSML Shipyard in
Singapore by mid-November. Once conversion is complete, MV DP The Explorer will sail from Singapore to Cape Town, South Africa, where the sampling tool and the mineral processing plant are ready to be installed. Afri-Can presently expects sampling on Block J to commence approximately two months after DP The Explorer's arrival in Cape Town. Afri-Can will provide investors with a detailed time schedule following the vessel's departure from the shipyard in Singapore. The aim of the complete surveying and sampling program is to delineate diamond resources on Block J in compliance with National Instrument 43-101. "We are happy to see that the vessel conversion is nearly completed and we are confident that despite the delays, we have followed the right path in chartering this vessel as it will provide the best means to meet our goal of delineating a world class diamond resource," commented Pierre Leveille, President and CEO. "Very few alternative vessels are available and certainly none match the specifications of this vessel. This will ensure that our sample results will be of very high quality and reliability." Afri-Can is a Canadian company, actively involved in the acquisition, exploration and development of major mineral properties in Namibia. Afri-Can's creative and scientific approach targets large marine diamond deposits in unexplored prospective territories. This press release contains certain "forward-looking statements," as identified in the Afri-Can's periodic fillings 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. Shares outstanding: 146,667,644
Contact: Contacts:
Afri-Can Marine Minerals Corporation
Pierre Leveille
President & CEO
514-846-2133
514-846-1435 (FAX)
Afri-Can Marine Minerals Corporation
Bernard J. Tourillon
Executive V.P. and CFO
514-846-2133
514-846-1435 (FAX)
info@afri-can.com
http://www.afri-can.com
Source: Afri-Can Marine Minerals Corporation
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