AFCAN Announces Project Commencement and 2005 Exploration Budget.

TORONTO -- AFCAN (TSX:AFK) is pleased to announce that at a meeting of the Board of Directors of the Company, on 8th March the following decisions were made:

- to immediately start the detailed design and construction of the
  Tanjianshan Project
- to spend US$2.5 million on exploration in 2005

The design will be done by BGRIMM, a leading Chinese design institute
that have recently completed the conceptual design of the project.
They will be supervised by GBM-Mec Ltd of the UK. Afcan have also
appointed GBM as its Owner's Representative for the design,

procurement and construction of the project.

Subject to financing, the first gold pour is expected in the second
quarter of 2006.

At the same Board meeting, the 2005 exploration budget was approved
as follows:

- US$1.00 million on extending the current orebodies to add
  additional ounces to the project
- US$1.25 million on the 4 exploration licences which contain 23
  known geochemical anomalies
- US$0.25 on regional exploration

The programme is being carried out under the supervision of Phil Fillis, an independent geological expert and Qualified Person for Afcan.

AFCAN is an emerging gold producer in China and owns 85 % of the TJS Project at Tanjianshan in Qinghai Province. Construction has commenced. There are an additional 23 anomalies on the licence area of 341 km2 that are being explored. Afcan's growth is focused on exploration and development of its advanced projects.

THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

AFCAN MINING CORPORATION (TSX:AFK)