Initial Discovery Holes at African Queen's King Solomon Project Reveal Significant Copper, Gold and Silver Mineralization and Suggest Robust Polymetallic System; Results Include 7.73 m of 1.51% Cu, 1.32 g/t Au and 27.6 g/t Ag

AFRICAN QUEEN MINES LTD. (the 'Company?) is pleased to announce
that it has now received from Genalysis Laboratories of Johannesburg,
S.A. analytical results from the first three reconnaissance drill holes
from the ongong core drilling program at The King Solomon Project,
located within the central parts of the Mesoproterozoic Fingoe Belt in
western Tete Province, Mozambique. All three holes reported significant
copper, gold and silver mineralization at depths less than 120 m. Hole 3
included an intersection of 7.73 m of 1.51% Cu, 1.32 g/t Au, 27.6 g/t Ag
and 376 ppm Bi, while Hole 2 included three separate intersections
ranging in width from 4 to 11 m each of similar mineralization.
Individual meter by meter samples of a maximum 5.7% Cu as well as 70 ppm
Ag were reported, but generally copper values recovered are between 1%
and 2%. Noteworthy gold grades have also been recorded within the
mineralized zones.

These first three holes are part of the initial 2000 m reconnaissance
core drilling program designed to test four distinct target zones at
King Solomon with holes ranging from 120 to 200 m in depth. The three
holes reported herein were all drilled into the western portion of the
first target, the Mankombiti Target, which is regarded as a primary
copper target. These results, the first of any drilling on record in the
area, are consistent with findings of our previous surface exploration
program conducted over the area and confirm the presence of significant
mineralization below surface, including copper, gold and silver.

The Mankombiti Target was defined through detailed geochemical surveys,
geological mapping and ground magnetic surveys (see Press Release of
November 18, 2009), all of which have confirmed a potential mineralized
zone of up to 4 km in strike extent. The mineralized zone is
characterised by strong magnetic anomalies which describe the contact of
the overlying marble unit with underlying granite and gabbro. On surface
this contact horizon or zone is marked by skarn-related magnetite-copper
mineralization. Induced Polarization (IP) surveys conducted early in
2010 identified a prominent IP conductor which was co-incident with the
magnetic anomalies (see Press Release of June 28, 2010).

This geophysical target at Mankombiti has now been drill tested from the
more easily accessible parts of the target area, including four holes on
Mankombiti West (drilled from two collar positions) and four holes on
Mankombiti East (drilled from two collar positions). Core logging of the
Mankombiti East holes have revealed similar visible mineralization to
that seen at Mankombiti West. Analytical results for the Mankombiti East
Target are still pending, along with the 4^th hole drilled
into the West target. Both of these targets have a similar geophysical
expression and more drilling is warranted to test for further
mineralization which remains open-ended both along strike and down-dip.

Geological logging of the Mankombiti core has shown chalcopyrite,
chalcocite and bornite to be associated with the magnetite. After
logging, the core has been split and sampled, generally meter by meter.
Shorter sample intervals have been used where significant lithological
change has been noted.

Note: Intercepts are not resolved to true width.

Coordinate System: WGS84 UTM Zone 36S

Both MW01 and MW03 were drilled at a roughly perpendicular angle to the
mineralized zone (which dips at 55 degrees to the north) and so
represent approximate true thicknesses, while MW02 was a vertical
borehole drilled from the same collar as MW01 and does not necessarily
reflect the true thickness. The deeper intersection suggests additional
mineralized zones and demonstrates continuity of mineralization down
dip. Borehole MW03 was drilled from a collar position 100 m East of the
previous two boreholes, and therefore shows continuity along strike.
This is supported by logging of the Mankombiti East holes, where the
mineralized zone is clearly visible within the core. The Mankombiti West
and East targets are approximately 1 km apart and thus the majority of
the target remains untested.

Drilling of the distinct Eiland and Kazito targets at King Solomon is
currently in progress. Although similar in geological style to the
Mankombiti target, these targets are primarily gold targets associated
with high gold values (up to 32 g/t from rock-grab sampling (see Press
Release September 17, 2009)).

The Mankombiti West drill core samples were analysed by Genalysis
Laboratories based in Johannesburg, South Africa, using ICP ? MS for
multi-elements, and fire-assay for gold. The necessary external blanks,
duplicates and CRM′s were inserted into the sample stream to ensure
sample result confidence.

The drilling activities are being carried out by Mozambican company,
Resource Drilling Lda., on behalf of the Company and its JV partner,
Swiss-based Opti Metal Trading Limited ('Optimetal?). A minimum of down
time has been experienced since start up in early July of this year. To
date a total of 12 boreholes have been drilled with very good recoveries
recorded and results pending on the latter 9. A total of 1,800 m of
drilling of the expected 2,000 m drill program have now been completed.
Logging and sampling is ongoing and being carried out by Remote
Exploration Services of Cape Town, S.A. Further results are expected
over the next few weeks and will be reported on an ongoing basis.

The King Solomon Project is located within the central parts of the
Mesoproterozoic Fingoe Belt in western Tete Province, Mozambique. These
rocks consist of metavolcanics, metasediments and intrusive granitic and
gabbroic rocks. The Project is the subject of the Earn-in and Joint
Venture Agreement dated July 10, 2009 (the 'Agreement?), with Optimetal,
covering exploration, development and exploitation of Prospecting
License No. 884L held by Optimetal′s Mozambique subsidiary (the
'License?). The License covers an area of approximately 230 km² in
the center of the Fingoe Belt and is now valid through May, 2015.

The work program at King Solomon is being conducted by RES under the
direction of C. Ocker on behalf of the joint venture partners. RES has
been conducting field programs for the Company on the Fingoe Regional
Gold Project from the initiation of the program in 2006. The Project is
being managed on behalf of the Company by Senior Consulting Geologist
Mr. Pete Siegfried (M.Sc., MAusIMM), a qualified person, who has
reviewed and approved the contents of this Press Release.

According to Irwin Olian, CEO of the Company, 'We are delighted with
these very encouraging results from our initial three boreholes at King
Solomon, which demonstrate the presence of significant copper, gold and
silver mineralization at the western portion of our initial Mankombiti
target. We eagerly await results from analysis of the further nine holes
that are pending with the lab and cover some of our prime gold targets.?

About African-Queen

The Company is an exploratory resource company with diversified mineral
properties in Southern and West 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 licenses under an agreement with another
company. In Kenya it has approximately 112 sq. km. of gold and other
minerals licenses under an agreement 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 and its operations in Ghana are carried out through
its subsidiary AQ Ghana Gold Limited. Its operations in Kenya are being
carried out through its operating subsidiary AQ Kenya Gold Limited. The
Company has its executive offices in Vancouver, Canada.

ON BEHALF OF THE BOARD OF DIRECTORS OF

AFRICAN QUEEN
MINES, LTD.

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, 604-899-0100

Fax:
604-899-0200

President and CEO

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