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African Queen Mines Ltd
Symbol C : AQ
Shares Issued 70,359,143
Close 2012-09-19 C$ 0.16
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African Queen rebuilds three classrooms in Kenya

2012-09-21 11:08 ET - News Release

Mr. Irwin Olian reports


African Queen Mines Ltd. has contributed to the local community at its Odundu property in Kenya's Rongo goldfields, through the financing and reconstruction of a three-classroom block for Nyopuge Primary School in Genga Gem Central, Rangwe division, Homa Bay district, Nyanza province. This school is situated approximately 1.6 kilometres south of the drilling site where the company has been carrying out its 2,000-metre initial core drilling program. The final hole of this program has just been completed, and samples have been sent to Genalysis Laboratory Services in South Africa for gold and multielement analysis. Results are anticipated in October.

The company has always recognized its responsibility to contribute to local infrastructure, health, safety and education in an effort to raise the standard of living of the local community in its project area. In this case, work was done over a period of several months to reconstruct and upgrade the local elementary school with company financing and guidance, in co-operation with local community leaders. Local labour was employed.

Upon completion of the rehabilitation project, the community, teachers and pupils expressed their heartfelt gratitude toward the company in writing, as expressed by community leader John Omollo Kiriago: "The Gem Central location Nyopuge Primary School community, especially the children, and all stakeholders are deeply indebted to AQ Kenya Gold Ltd. for their great help. The currently magnificent three-classroom block is a landmark and a blessing to all. Kindly accept our heartfelt gratitude, and may God bless you abundantly."

Irwin Olian, chief executive officer of the company, said: "We are delighted that the Nyopuge School rehabilitation project has met with such a warm reception. It gives us great pleasure to be contributing to the welfare of the local community at Odundu, as we strive to do in all projects we are developing across Africa."

The project covers an area of approximately 97 square kilometres in the Kanango gold area of the Migori district of Nyanza province in southwest Kenya, near Lake Victoria. It is situated about 380 kilometres by road from the capital city of Nairobi and 60 kilometres north of the border with Tanzania, forming part of the rich Lake Victoria greenstone belt extending from Tanzania and hosting known world-class gold deposits, including African Barrick Gold's Bulyanhulu and North Mara mines, within approximately 100 kilometres of the project, and AngloGold Ashanti's Geita mine.

The company's rights to the project arise from an earn-in and joint venture agreement with Kenya-based Abba Mining Co., under which the company may earn up to an 85-per-cent interest in the project by financing prescribed optional stages from exploration through feasibility. The company is designated as the manager and operator of the project on behalf of the joint venture partners. The project is being managed on behalf of the company on site by senior exploration and consulting geologist Mike Othitis, PGeol, AIPG, MA, Bsc, who is a qualified person and has reviewed the contents of this press release. General project oversight is being provided by senior consulting geologist Pete Siegfried, MSc, MAusIMM, who is also a qualified person.

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