May, 2, 2013, Montreal, Québec Symbol: TSX.V: AFA Press release – for immediate distribution Shares outstanding: 86,527,864
AFRI-CAN MARINE ANNOUNCES APPOINTMENT TO BOARD OF DIRECTORS Afri-Can Marine Minerals Corporation ("Afri-Can") today announced that it has appointed Mr. Richard M. Tait to the Board of the Corporation. Furthermore, Afri-Can's Board has accepted the resignation of Mr. Howard Messias who has been a Director of Afri-Can for 9 years and Mr. Michael Nicolai who has been a Director for 17 years.
Mr. Tait has over 16 years of experience in the finance and mining industries. He is Managing Director of Afrasia Corporate Finance in Johannesburg, South Africa. He previously held positions as Managing Director, GEM Management; Director, Investment Banking at Standard Bank and Vice-President with Credit Suisse First Boston. He holds a B.Sc. in Chemical Engineering from the University of Cape Town, a B. Comm. from the University of South Africa and an MBA from the Australian Graduate School of Management. Mr. Tait is a nominee of Trinity Asset Management International Ltd, which purchased Afri-Can's financing completed in August 2012. The nomination of Mr. Tait is conditional upon the approval of the TSX Venture Exchange.
The Board would like to acknowledge Mr. Messias and Mr. Nicolai for their strong dedication and commitment to the Corporation over many years. We would wish them continued success with their new ventures.
Year of the Profit, OIlseeker