Airborne Survey Defines Major Iron Ore Target at Nkout in Cameroon

African Aura Mining announces the results of the recently completed airborne geophysical survey undertaken by New Resolution Geophysics across the Company's Nkout, Ngoa and Akom iron ore projects in southern Camecopper leach plant for saleroon.

Highlights:

• Nkout defined by a major geophysical anomaly covering at least 8km of strike length


• Further 12km of targets generated around Nkout, considered to be moderately magnetic


• Previous grab sampling at Nkout returned up to 68% Fe and averaged 55% Fe


• Phase one 4,200m 10 hole drilling programme to commence imminently


• Nkout deposit is strategically well located in an emerging iron ore province:

o 2.5 billion tonne Mbalam iron ore deposit (located 150km to the south east)
o Close to the proposed rail route to a port which will service the Mbalam deposit

African Aura has received the interpretation of the data from the recently completed ground and 14,000 line km high resolution airborne geophysical surveys (EM and gravity) covering the company's Nkout, Ngoa and Akom iron ore projects in Southern Cameroon. The data for Nkout suggests the presence of an east-west striking antiform with two limbs approximately 100m thick and magnetic susceptibilities of around 2.0, which is considered consistent for a prospective banded iron formation.

Luis da Silva, President & CEO of African Aura commented: "Until today this asset was not valued in our portfolio. The results from the airborne geophysical survey at Nkout and our surrounding projects in Southern Cameroon are nothing short of highly encouraging. They confirm our belief that we have discovered a potentially very significant iron ore asset in a rapidly emerging iron ore province in west Africa"

"Nkout is represented by an approximately 8km long priority geophysical signature, co-incident with a major hill. As previously announced reconnaissance sampling by African Aura at Nkout, returned a maximum grade of 68% Fe and an average of 57% Fe from 55 samples. A ten hole 4,200m phase one drilling programme is planned to commence imminently, in order to test the highest priority signatures to refine the geological model and progress the project towards a maiden iron resource still during 2010. We look forward to updating shareholders on progress in due course."