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African Queen Files Application to Extend Warrants

TSX.V: AQ

Frankfurt: QM0

Vancouver, British Columbia -- AFRICAN QUEEN MINES LTD. (the "Company") announces that it is applying to the TSX Venture Exchange ("TSXV") to extend the term of 4,800,000 share purchase warrants previously issued in connection with a private placement. The warrants were originally issued on August 8, 2011 and are exercisable at a price of $0.40 per share until August 8, 2013. The Company is applying to extend the expiry date of the warrants to August 8, 2015. All other warrant terms will remain the same.

The warrant amendment is subject acceptance and approval by the TSXV.

--- | | ---

About African Queen

The Company is an exploratory resource company with diversified mineral properties in East and West Africa. It is exploring its properties in Ghana and Kenya for gold and other metals. In Ghana it has 30.23 sq. km. under license for gold under an agreement with another company. In Kenya it has approximately 850 sq. km. under license for gold and metals, and a further 737 sq. km. of gold and other minerals licenses under agreements with two other companies. The Company's operations in Ghana are carried out through its subsidiary AQ Ghana Gold Limited. Its operations in Kenya are carried out through its operating subsidiary AQ Kenya Gold Limited. The Company has its executive offices in Vancouver, Canada. The Company was incorporated under the laws of the Province of British Columbia, Canada on April 30, 2008, and received certain southern African assets in a spin off transaction related to the acquisition of Pan African Mining Corp. by Asia Thai Mining Co., Ltd.

ON BEHALF OF THE BOARD OF DIRECTORS OF
AFRICAN QUEEN MINES, LTD.

"Irwin Olian"
Irwin Olian
Chairman & CEO

For more information, contact:

---------------------------------------------------------------- |Irwin Olian, President and CEO |Carrie Howes, Corporate | |E-mail: |Communications Email: | |tigertail@africanqueenmines.com |carrie@africanqueenmines.com | |Phone: (604) 899-0100 Fax: (604)|Phone: Germany - +49 (0) | |899-0200 |21141 740411 U.K. - | | |+44 (0) 870 490 5443 | | | Canada - +1 416 | | |900 3634 Dubai - +971 55 997 | | |0427 | |--------------------------------------------------------------| | | ----------------------------------------------------------------

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.