AFCAN Closes Purchase of SAG Mill for China.

TORONTO -- AFCAN (TSX:AFK) is pleased to announce that it now closed the purchase of a second-hand SAG mill for the TJS Project in China.

Afcan announced on the 17th February that it had an option over the mill. This option has now been exercised and the balance of the purchase price of US$783,000 has been paid.

The 16' x 35' mill is located in South Africa and will now be re-furbished before being shipped to China together with a new variable speed drive unit. The total cost of the refurbished mill and new drive will be approximately US$2.0 million.

This represents a saving of approximately US$1.5 million on the price of a new mill, but more importantly it can be delivered to site by the 3rd quarter of 2005. A new mill would not reach site until May 2006 which would seriously delay construction of the project.

The President/CEO David G Netherway said: "The closing of this mill purchase is another very important milestone for Afcan and shows the commitment of Afcan to push ahead with the construction of the project."

AFCAN is an emerging gold producer in China and owns 85 % of the TJS Project at Tanjianshan in Qinghai Province. A Bankable Feasibility Study has been completed on the Project with construction starting in 2005. There are an additional 23 anomalies on the licence area of 341 km2 that are being explored. Afcan 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)