Friday, August 14, 2009

African Queen Mines

African Queen Mines Ltd. (TSX.V - AQ) is an exploratory resource company with diversified mineral properties in Southern Africa. It is exploring its properties in Botswana and Namibia for diamonds, and it is exploring its properties in Mozambique for gold and other metals.

Company Statement:
African Queen Mines Ltd. and its subsidiaries acquire, explore and develop mineral properties in areas of Africa deemed to have relatively high potential for mining success and relatively low political risk.The Company is engaged in the acquisition, exploration and development of properties for the potential mining of gold, metals and diamonds in Africa, initially focusing on exploration for diamonds in Botswana and Namibia, and gold in Mozambique. The Company has approximately 5,500 sq km of contiguous diamond licenses in Botswana and 6,200 sq km in Namibia, and is exploring two large regions for gold and metals in Mozambique under agreements with other companies.
Current Operations:
BotswanaHalf of the worlds' diamonds are mined in Namibia and Botswana and Botswana remains the world’s leading producer of gem diamonds. The Company's Okavango and Tsau properties are strategically located close to two major surface concentrations of diamonds and G10 garnets in the vicinity of Omatako and Tsumkwe, to the west in Namibia. African Queen Mines has approximately 5,500 sq. km. of contiguous diamond licenses in Botswana. The ground in Namibia has been acquired in order to investigate a group of bulls-eye magnetic and photo features, closely comparable to those typical of kimberlite clusters that straddle the Namibian-Botswana border. African Queen Mines has approximately 6,200 sq km in Namibia where it has confirmed strong diamond targets. development and exploitation of a prospective gold project in Mozambique presently underway in the Manica province where a Gold rush is ongoing, and features the 350 sq km Cazula Project and the 450 sq km Fingoe Project
Irwin Olian -Chief Executive Officer, President, Chairman and DirectorMr. Olian is an entrepreneur with a background in finance and law. During the past six years, he has developed a business as a self-employed private investment banker and business consultant to emerging companies, in fields ranging from biotechnology to high technology. Irwin was the founder and served as CEO and Chairman of Pan African until its acquisition by Asia Thai Mining Co. Ltd. in June 2008.Limor Rubin, CA - Chief Financial Officer, DirectorShe is a member of the Institute of Chartered Accountants of British Columbia and the Israeli Bureau of Accountants. In addition to experience in the mining industry, Ms. Rubin has experience with the financial services industry, mutual funds, insurance, real estate as well as the public sector. Prior to joining the Company and Sacre-Coeur, she served as Accounting Manager for KPMG and as a Senior Accountant with both KPMG and Ernst & Young.Ardito Martohardjono – DirectorMr. Martohardjono has 15 years of progressive experience in the mineral exploration industry, focusing on sample preparation prior to chemical analysis and assay of geological samples as a lab technician and supervisor with the two leading geochemical laboratories in Canada and the United States. W. Benjamin Catalano – DirectorMr. Catalano has been a real estate agent with The Sutton Group since 1991. Mr. Catalano devotes approximately 10% of his time toward the Company's affairs.Gregory Sparks – DirectorMr. Sparks, a registered Professional Engineer, has been the principal of GBS PC, a mining consulting firm, since 1994. He has also been the General Manager of Genex Construction LLC, a heavy civil construction firm, since 2002. Mr. Sparks devotes approximately 25% of his time toward the Company's affairs.Dr. Edward A. Schiller – Director, Senior Geological Consultant, Diamond and Gemstone ProgramsDr. Schiller brings over 30 years experience in mineral exploration, project management, acquisitions, financing, joint venture negotiations and corporate governance to the Company. Dr. Schiller has consulted for the United Nations on a gemstone project in Mozambique and a mining project in Greece. Dr. Schiller writes for several Canadian and international magazines on mining and mineral exploration and maintains a consulting practice.

Major Shareholders
No info available.
Contact Information
African Queen Mines Ltd.Suite 1925, PO Box 11553650 West Georgia StreetVancouver, BCV6B 4N8CANADATel: (604) 899-0100Fax: (604) 899-0200info@panafrican.comInvestor relations contactsLee Dunston - Canada(604) 899-0100 ext. 5lee@africanqueenmines.comCorporate Communications, Düsseldorf- LondonCarrie HowesDeutsche: +49 (0) 1722 1234 47 +49 (0) 1722 1234 47UK: +44 (0) 7780 602 788 +44 (0) 7780 602

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