EPL Common Stock

Deep-South Mining (PTY) Ltd ("Deep-South") and Afri-Can Marine Minerals
Corporation ("Afri-Can") (TSX VENTURE:AFA) are pleased to announce that
Deep-South has signed an option agreement with Teck Namibia Limited ("Teck"), a
wholly owned subsidiary of Teck Resources Limited, to earn an undivided interest
of 60% in the Zebrafontein Exploration and Prospecting Licence ("EPL") in
southern Namibia. 


The terms of the agreement stipulate that Deep-South shall incur cumulative
exploration expenditures of US$1,000,000 on the EPL during the next 3 years.
Furthermore, upon listing of its shares on the TSX Venture Exchange or any other
Exchange as agreed between Deep-South and Teck, Deep-South shall issue to Teck
500,000 common shares and 500,000 share purchase warrants exercisable at a price
equal to 125% of the listing price and maturing 24 months after the listing
date. 


The Zebrafontein EPL (EPL 3949) is located in the Karas region of southern
Namibia. The EPL is situated at 8 kilometres northeast of the Rosh Pinah
lead-zinc mine producing 105,000 tonnes of zinc concentrate annually and 10
kilometres northeast of the Skorpion lead-zinc mine producing 150,000 tonnes of
SHG (special high grade) zinc annually. The EPL is also situated 13 kilometres
northwest of the historic Lorelei copper prospect and 120 kilometres to the
northwest of the Haib porphyry copper deposit. 


Previous exploration work conducted by Teck includes geophysical surveys,
geological mapping, stream sediment sampling, and detailed soil geochemistry.
Stream sediment sampling completed by Teck has shown anomalous levels of copper
and zinc in a number of areas within the southern portion of the EPL. The
exploration results and analysis indicate that the Rosh Pinah Formation could
extend onto the western portion of the Zebrafontein EPL beneath Quaternary
cover. Furthermore, in the southwest portion of the EPL, magnetic mapping
combined with anomalous copper stream sediment samples suggest potential for
porphyry copper style mineralization similar to the Haib deposit.


An NI 43-101 qualifying report is currently under revision and will be disclosed
publicly upon completion.


The agreement is subject to regulatory approval. 

As previously announced on August 17, 2011, Afri-Can and Deep-South are
reorganizing their relationship by establishing and listing a new company
equally owned by Deep-South and Afri-Can. The 30% interest in the Haib copper
project (Teck owns 70%) and the Zebrafontein option will be transferred to the
new company. Upon listing of the new company, Afri-Can will transfer its common
shares of the new company to Afri-Can's common shareholders through a share
dividend payment. Details of the new corporate structure will be disclosed when
application is made to list the shares. 


Mr. John H. Akwenye, Chairman of Deep-South, stated that, "We are very happy
with this agreement as we add some interesting exploration potential to our
assets and add value for our upcoming listing. This agreement was needed to
proceed with our listing and for Afri-Can to proceed with the share dividend to
its shareholders."


Mr. Vivian Stuart-Williams is responsible for the technical part of this press
release and is the designated Qualified Person under the terms of National
Instrument 43-101.


About Deep-South 

Deep-South is a Namibian private company involved in the acquisition and
exploration of major precious and polymetallic mineral properties in Namibia.


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. 


Shares outstanding: 238,524,984

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