African Queen Mines Reports 5-Year Extension of the King Solomon Prospecting License

AFRICAN QUEEN MINES LTD. (the 'Company?) is pleased to announce
that its Earn-In and JV partner, Swiss-based Opti Metal Trading Limited
('OptiMetal?), has now been granted, through its operating subsidiary
Opti Metal Trading Mocambique, Limitada, a five-year extension on its
underlying Prospecting License No. 884L. The License was issued by the
Ministry of Mineral Resources of the Republic of Mocambique and is now
effective for the period through May 20, 2015. It covers an area of
approximately 230 sq. km in the center of the Fingoe Belt, encompassing
the King Solomon Project. It is contemplated that the License will
ultimately be transferred to a joint venture company to be formed by the
partners and owned in proportion to their respective interests.

The King Solomon Project is located within the central parts of the
Mesoproterozoic Fingoe Belt in western Tete Province, Mocambique. These
rocks consist of metavolcanics, metasediments and intrusive granitic and
gabbroic rocks. As previously reported in various press releases and the
N.I. 43-101 Technical Report prepared by PAC Geological Consulting Inc.
of Vancouver, surface exploration to date has yielded relatively high
concentrations of copper, gold, zinc, silver, bismuth and other metals
on at least four distinct regional targets. The Company′s initial 2000
m. core drilling program is now underway on the key copper and gold
targets. Initial results are expected in the near future.

About African Queen

The Company is an exploratory resource company with diversified mineral
properties in Southern, West and East Africa. It is exploring its
properties in Mozambique, Kenya and Ghana for gold and other metals and
it is exploring its properties in Botswana and Namibia for diamonds. The
Company′s licenses in Botswana and Namibia comprise approximately 9208
sq km of diamond prospects. In Mozambique it has approximately 230 sq km
of gold and other metals prospects licensed under an agreements with
another company. Its operations in Botswana are carried out through its
operating subsidiary, PAM Botswana (Pty) Ltd.; its operations in Namibia
are carried out through its operating subsidiary PAM Minerals Namibia
(Pty) Ltd.; its operations in Mozambique are carried out through its
subsidiary PAM Mocambique Limitada; its operations in Kenya are carried
out through its subsidiary AQ Kenya Gold Limited; and its operations in
Ghana are carried out through its subsidiary AQ Ghana Gold Limited. The
Company has its executive offices in Vancouver, Canada.

The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of the
information contained herein. The statements made in this press release
may contain certain forward-looking statements that involve a number of
risks and uncertainties. Actual events or results may differ from the
Company′s expectations.

African Queen Mines Ltd.

Irwin Olian, President and CEO

Phone:
604-899-0100

Fax: 604-899-0200

tigertail@africanqueenmines.com

or

Carrie
Howes, Corporate Communications

Phone: Düsseldorf - +49 (0) 1722
1234 47

Phone: London - +44 (0) 7780 602 788

carrie@africanqueenmines.com