Afri-Can and Deep South Sign an Option and Operating Agreement With Copper Resources Corporation for the Haib Copper Project in Namibia.

MONTREAL -- Afri-Can Marine Minerals Corporation ("Afri-Can") (TSX VENTURE:AFA) announces that Afri-Can and Deep South Mining (PTY) Ltd. ("Deep South") have signed an option and operating agreement ("Option Agreement") with Copper Resources Corporation ("CRC") whereby CRC will acquire Afri-Can's option to manage the exploration programs and earn a 70% undivided interest in the Haib Copper Project in Namibia. The Haib Exclusive Prospecting License is located in the south of Namibia near the South African border.

Under the terms of the Option Agreement, CRC is able to earn a 60% interest in the Haib Project by assuming all of Afri-Can's future payment commitments to Deep South, by incurring initial expenditures of US$1.2 million, by reimbursing Afri-Can for the C$200,000 that it has already paid to Deep South, and by making an investment of C$350,000 in common shares of Afri-Can. Of the C$350,000 investment in common shares of Afri-Can, C$250,000 was part of Afri-Can's rights issue announced separately on May 25th, 2005, and C$100,000 was part of Afri-Can's common share private placement announced on May 25th, 2005. Ownership of the Haib Project will be 60% by CRC, 25% by Deep South, and 15% by Afri-Can. By incurring further expenditures of US$1.0 million, CRC can acquire an additional 10% in the Haib Project, for a total ownership of 70%, leaving Deep South with 20% and Afri-Can with 10%. At that point, Deep South and Afri-Can would have the option of contributing their share of the development cost and maintaining their ownership positions or, in the case of Deep South, being diluted to a 10% non-contributing interest in consideration of 75,000 common shares of CRC, and in the case of Afri-Can, exchanging its residual ownership for 75,000 common shares of CRC. CRC could then earn up to a 90% interest in the Haib Project.

Pierre Leveille, President and Chief Executive Officer of Afri-Can, stated: "we are pleased with this agreement as it is a sound financial transaction and it brings a partner with expertise in developing copper projects. It enables Afri-Can to focus on our marine diamond activities, and we are currently negotiating with contractors in order to resume sampling programs."

Copper Resources Corporation is the holding company for a group of mineral exploration and development companies with rights to the Hinoba-an Porphyry Copper Project located on Negros Island in the Republic of the Philippines, approximately 700 km south of Manila. CRC raised funds through its recently completed IPO on the London AIM Exchange, and has a cash position of approximately US $16.75 million. CRC is therefore well positioned to undertake work on the Haib Project.

The Haib Project is an Exclusive Prospecting License (EPL # 3140) covering 74,563 hectares and is located in the Karas region, 8 km from the Orange River in the south of Namibia. The project contains a large porphyry copper-molybdenum deposit hosted within quartz-felspar porphyry.

Afri-Can is a Canadian company, actively involved in the acquisition, exploration and development of major mineral properties in Namibia.Afri-Can's large and prospective license holdings, together with its growth strategy, place it as the partner of choice for Namibian Empowerment Groups.

This press release contains certain "forward-looking statements," as identified in the Afri-Can's periodic fillings with Canadian Securities Regulators that involve a number of risks and uncertainties.There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements

Shares outstanding: 106,602,435

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

AFRI-CAN MARINE MINERALS CORPORATION (TSX VENTURE:AFA) (FRANKFURT:AJF)