Further Drilling at African Queen's King Solomon Project Confirms Significant Copper, Gold and Silver Mineralization at Mankombiti Target and Points to Prospectivity of Western Zones; Latest Results Include 6.02 m of 1.09% Cu, 0.88 g/t Au and 18 g/t

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 remaining 16 drill holes from its
initial reconnaissance core drilling program at The King Solomon
Project, located within the central parts of the Mesoproterozoic Fingoe
Belt in western Tete Province, Mozambique. The initial 2000 m program
was expanded to approximately 3000 m encompassing a total of 19 holes in
view of the encouraging preliminary results and the continuation of the
dry season, which permitted additional drilling during the latter part
of 2010. Results of the first three holes from the Mankombiti West
target were reported in the Company′s PR dated October 4, 2010, and
included significant copper, gold and silver mineralization in all three
holes, including an intersection of 7.73 m of 1.51% Cu, 1.32 g/t Au and
27.6 g/t Ag in Hole MW03.

The 19 holes to date have been designed to test three distinct target
zones at King Solomon with holes ranging from 120 to 200 m in depth. 12
of the holes were drilled into the West and East zones of the Mankombiti
copper-gold target, while the remaining 7 holes tested the Eiland and
Kazito gold prospects to the Northeast. A fourth major gold target,
Bulasho, will be tested during the next phase of drilling in 2011.
Current results from drilling at Mankombiti West and East are consistent
with prior reported results, and act to confirm a potentially
mineralized zone of up to 4 km of strike length. The best intersection
reported from Mankombiti West in the current results is 6.02 m of 1.09%
Cu, 0.88 g/t Au and 18g/t Ag (Hole MW06), while the best intersection
reported from Mankombiti East (1 km to the E) in the current results is
5.19 m of 1.10 g/t Au, 0.66% Cu and 9 g/t Ag (Hole ME04). Drill results
from the Eiland and Kazito targets failed to match the tenor of gold
found in the initial surface rock samples previously reported (PR
November, 2009), although the targeted alteration as well as shear zones
were intersected. The best gold intercept reported at Eiland is 7.41 g/t
Au over 0.62 m (Hole E03), while the best gold intercept reported at
Kazito is 4.0 g/t Au over 0.58 m (Hole KN01). Selected drill results
from the current program, including all significant intersections, are
included in the Tables below.

The results provide encouragement for the working model which is being
used to identify where areas of tectonic thickening may be expected and
therefore significant increases in the associated thickness of the
mineralized zones. The mineralization can be noted in almost all cases
to be associated with albite alteration associated with magnetite and or
sulphide mineralisation. It is regarded as important that the majority
of copper sulphide minerals indentified to date are in fact copper-rich
suggestive of a general sulphide poor oxidizing system associated with
the intrusive contacts of granites and gabbros with limestone marbles.
Further drilling in all zones will be designed to target potentially
wider zones of mineralization and to assist in development of cogent
structural models.

The Mankombiti target, with a potential mineralized zone of up to 4 km
of strike extent, has now been drill tested from the more easily
accessible parts of the West and East, with a total of 12 holes. They
encountered magnetite-copper-silver mineralization with significant gold
credits. More drilling is warranted to test the Mankombiti target for
further mineralization which remains open-ended along strike to the west
and down-dip.

Geological logging of the Mankombiti core has shown chalcocite, bornite,
covellite, bornite and minor chalcopyrite 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.

A total of 19 boreholes were completed during the program totaling just
less than 3 000 m. Drill recoveries were good and no time was lost
through accident or injury on site. All holes have been rehabilitated
and the remaining split core stored on site under guard. During 2011 it
is planned to erect a permanent core yard with steel containers for safe
storage. At the end of the drilling programme crew from Terratech were
enlisted to complete down hole geophysical, survey and optical logging.
This was in order to carefully correlate geophysical response with the
logged core as well as to study micro structures which should help with
understanding the structural controls on the mineralisation.

Additionally the area was covered with a detailed IP survey with lines
placed to allow for the extension of the already identified mineralized
zones towards the west where some of the best and largest magnetic
anomalies have been recorded. An extensive conductor can be identified
associated with the large highly magnetic anomalies identified during
earlier ground geophysical mapping. The IP survey was carried out by the
geophysical division of RES. Of importance is that this conductor can be
noted in both the Mankombiti West and Ntumbwa target areas. The drilling
results to date indicate better mineralisation, as well as significant
thickening, is to be expected towards the west and continued drilling is
planned during 2011. Over 3 km of untested strike still remain to be
evaluated at Mankombiti while the fourth new gold target, Bulasho, is
still under evaluation for targeting.

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 to May, 2015.

The work program at King Solomon, including logging and sampling, 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. Drilling activities have been carried out by Mozambican
contractor Resource Drilling Lda.

According to Irwin Olian, CEO of the Company, 'We are encouraged that
current drill results continue to highlight the extensive Mankombiti
zone at King Solomon, demonstrating the presence of significant copper,
gold and silver mineralization. We look forward to commencing our next
phase of drilling there in the coming months, together with
reconnaissance drilling at the Bulasho target further to the West.?

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.

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

Germany - 49 (0) 21141 740411

U.K.
- 44 (0) 870 490 5443

Canada - 1 416 900 3634

carrie@africanqueenmines.com