Shareholder Information MemorandumRelease Date: September 21st, 2016

Friar Street, Cashel, Co. Tipperary, Ireland | www.aamplc.com

Joint Venture Key Points:

Provision of equity funding

Debt funding solution

Construction of a dedicated port facility at Conakry

Strategy to fast-track an Off-take agreement

Full project mining services

Joint Venture Company intention to list on the Hong Kong stock exchange at the appropriate time to drive shareholder value

Project will employ ~1000 people

“ I a m p l e a s e d t o a n n o u n c e

t h a t A A M h a s e n t e r e d i n t o

t h e f i r s t s t a g e o f a j o i n t

v e n t u r e a g r e e m e n t w i t h a

c o n s o r t i u m c o n s i s t i n g o f

t w o s u b s t a n t i a l C h i n e s e

c o r p o r a t i o n s ”James LumleyChief Executive Officer

CEO StatementOver the past twelve months Anglo-African Minerals plc (AAM) has delivered a number of key milestones. Our activities have been primarily focussed on our wholly owned subsidiary, Forward Africa Resources (FAR) situated in the Dubreka and Kindia Prefectures of Guinea, West Africa.

I am pleased to announce that AAM has today entered into the first stage of a joint venture agreement with a consortium consisting of two substantial Chinese companies, namely China New Era Group Corporation (CNE)1 and China Geo-Engineering Corporation (China Geo)2, on the co-development of the FAR project.

It is the intention of all parties to provide an infrastructure solution for the project which could potentially unlock our other projects - Somalu and Toubal - in the future.

I believe that this joint venture is a turning point for the Company and will secure the future for the FAR project.

This progress has secured the confidence and support of the Government of Guinea and in July of this year FAR submitted an application for a mining licence to the Guinean Ministry of Mines. At that time

FAR and AAM formally presented the project to the Government which was very well received. It is expected the Mining Licence will be awarded by the end of October 2016.

Through the FAR project, AAM will potentially become the next in-production bauxite mine with a target date of Q1 2018 with an export rate of between 3 and 5 million tonnes per annum (mtpa).

While the intention is to focus on the FAR project and fast-track production we will, at the same time, be working on an overall infrastructure solution for both the Somalu

and Toubal projects. To ensure delivery of this strategy the joint venture has entered into a Memorandum of Understanding with China Rail Engineering Group No.3 (CR3)3 and SinoFortone4 to work on creating the infrastructure solution for the central corridor in Guinea which will unlock our largest project, Somalu.

Anglo-African Minerals plc.

This group has had a number of meetings with the Government of Guinea and a Memorandum of Understanding has been signed with the Minister of Transport in Guinea. I am confident that this project will be moved forward in the short term which could lead to the Somalu project being brought into production by Q3 2020.

We are moving into the advance stages of our exploration programme and we must be mindful of the considerable workload that lies ahead to progress through to production. I am confident that the partnership with the Chinese consortium will increase the value of the company

and drive shareholder value in the very near future.

AAM is entering into an important phase of its development and the proposed

joint venture with the Chinese consortium will transform the identity of AAM which will have a dynamic and positive effect for the company.

This joint venture will secure the future of the AAM projects and provide significant share

dividend inflows from the joint venture. This, in turn, will provide an equity position in an emerging leading new global bauxite producer.

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Anglo-African Minerals plc.

“I believe that this joint venture is a turning point for the Company and will secure the future for the FAR project”

1www.chinanewera.com2www.cecep.cn/g5403.aspx3www.cccme.org.cn/shop/cccme12580/introduction.aspx4www.sinofortone.com

James LumleyChief Executive Officer

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Existing Roads

Existing Rail

Proposed Rail - Debele to Mamou

Proposed Rail - Mamou to Tougue

Sea Port

Forward Africa Resources Project

Somalu Project

Toubal Project

Anglo-African Minerals plc secures future with signing of joint venture agreement

Contact James LumleyChie f Execut ive Off i cere. jlumley@aamplc.comt. +44 (0)7825 222 623

Corporate & Social Responsibility

FAR Project:Updated JORC compliant Mineral Resources Estimate (MRE) was issued in March 2015 highlighting 73 million tonnes of bauxite with 31 million tonnes at Indicated and 42 million tonnes at inferred levelA further drilling campaign was completed in Q2 2015 with an upgrading of the MRE which was issued in November 2015 highlighting 73 million tonnes of bauxite with 26 million tonnes measured, 11 million tonnes indicated and 36 million tonnes inferredAn Environmental and Social Impact Study was commissioned in May 2015 and will be completed in October 2016SRK completed a Technical study on the FAR project July 2016FAR submitted an application for a Mining Licence in July 2016

Somalu Project:A maiden JORC MRE was issued in 2015 highlighting an inferred resource of 459 million tonnes average grades 43% T-Al2O3 and 1.9% T-SiO2

Further exploration works are planned for Q4 2016

An infrastructure solution will be developed in conjunction with the Chinese consortium

Toubal Project:Extensively drilled over the last 10 yearsA maiden JORC MRE was issued in 2015 highlighting an inferred resource 722 million tonnes, average grade 43% T-Al2O3, 2% T-SiO2

Further exploration works are planned in 2016-17The intention is to work on a development programme with the Chinese consortium

Project Highlights

Document Copyright © 2016 Anglo-African Minerals plc.

AAM cares about the effect it has on people and respects the environments where we all work and live.Respecting the environments we work and live in.Greenhouse gas emissions and pollution from mining and transport can have major environmental impacts. Taking responsibility for the environment is a vital part of the strategy for AAM and its consortium partners. In addition to our existing specialist knowledge in the areas of emission reduction, fuel efficiency and renewable energy we are committed to creating a progressive climate change policy with all of our strategic partners and stakeholders.Caring for people in the workplace and beyond.AAM have engaged with Plan International (Ireland), a global charity with vast experience in Guinea and

specifically the Kindia area. AAM and its consortium partners will work with Plan to create and implement a strategy with key tasks relating to maintaining the social infrastructure of the region during this period of rapid economic recovery, growth and prosperity. AAM will look to Plan Ireland to advise on effective and culturally sensitive CSR targets covering health, education, housing and microfinance....and as people living in the world, it is simply the right thing to do.

We recognise that a project like ours presents a real opportunity to implement practices and technologies that make social, environmental and commercial sense. At AAM, we believe in the importance of caring for our planet and encouraging others to do the same.