(AFF) Afferro Mining

17 May 2012

TSX-V:     AFF

AIM:         AFF

AFFERRO MINING INC.

NOTICE OF AGM AND POSTING OF ANNUAL ACCOUNTS

Afferro Mining Inc. ("Afferro" or the "Company") the TSX-V / AIM listed iron ore exploration and development company, is pleased to announce that it has today filed its Notice, Circular and other AGM materials on www.sedar.com. A copy of these materials has been sent by post today. The Annual Accounts for the year ended 31 December 2011 have been distributed to those shareholders that have requested to receieve a hard copy; an electonic copy is available on the Company's website at www.afferro-mining.com.

The Notice is detailed below:

NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS

NOTICE  IS  HEREBY GIVEN that the Annual General Meeting of Shareholders of AFFERRO MINING INC. (hereinafter called the "Company") will be held at 20 Southampton Street, London  WC2E 7QH, United Kingdom, on Thursday, June 14, 2012 at 11:00 a.m. (London, UK time), for the following purposes:

1.   To receive the audited consolidated financial statements of the Company for the financial year ended December 31, 2011 together with the report of the auditors thereon;

2.   To set the number of directors at four;

3.   To elect the directors;

4.   To appoint the auditors of the Company for the ensuing year and to authorise the directors to fix their remuneration;

5.   To consider, and if thought fit, to pass an ordinary resolution to ratify, confirm and approve the Company's stock option plan, as more particularly described in the accompanying Information Circular; and

6.   To transact such further or other business as may properly come before the meeting or any adjournment or adjournments thereof.

Accompanying this Notice is the Information Circular, a Form of Proxy, Form of Instruction (if applicable) and a Financial Statements Request Form (if applicable). The Information Circular provides information relating to the matters to be addressed at this meeting.

Shareholders are entitled to vote at the meeting either in person or by proxy. Those who are unable to attend the meeting are requested to read, complete, sign and mail the enclosed Form of Proxy in accordance with the instructions set out in the Proxy and in the Information Circular accompanying this Notice. Please advise the Company of any change in your mailing address.

DATED at London, United Kingdom, this 17^th day of May, 2012.

BY ORDER OF THE BOARD

"Luis da Silva" (signed)
Luis da Silva
President and Chief Executive Officer

For further information please contact one of the following:

Afferro Mining Inc.

Luis da Silva / Bevan Metcalf /Jeremy Cave

Tel: +44 (0) 20 7257 2930

Website: www.afferro-mining.com

Evolution Securities Limited

Nominated Adviser: Neil Elliot

Corporate Broker: Chris Sim

Tel: +44 (0) 20 7071 4300

RBC Capital Markets

Joint Broker: Martin Eales / Richard Hughes

Tel: +44 (0) 20 7653 4000

Pelham Bell Pottinger

Charles Vivian / James MacFarlane

Tel: +44 (0) 20 7861 3232

About Afferro Mining Inc.

Afferro is an established exploration and development company listed on the TSX-V (AFF) and AIM (AFF). Afferro's portfolio includes the 100% owned Nkout iron ore project and surrounding iron ore targets in Cameroon. At Nkout, Afferro has a NI 43-101 compliant indicated mineral resource estimate of 944Mt at 32.7% Fe and an inferred mineral resource estimate of 1.05Bt at 31.6% Fe.

Qualified Person

Howard Baker has some ten years' experience in the exploration, definition and mining of iron ore Mineral Resources. Howard Baker is a full-time employee of SRK Consulting (UK) Ltd, an independent consultancy and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration, and to the type of activity which he is undertaking to qualify as a Qualified Person in accordance with NI 43-101 and a Competent Person as defined in the June 2009 Edition of the AIM Note for Mining and Oil & Gas Companies. Howard Baker consents to the inclusion in the announcement of the matters based on their information in the form and context in which it appears and confirms that this information is accurate and not false or misleading. A 43-101 technical report titled "Mineral Resource Estimate for the Nkout Iron Ore Project", dated 15 November 2011, has been filed on SEDAR.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE SERVICES.

30 April 2012

TSX-V:     AFF

AIM:         AFF

AFFERRO MINING INC.

Third Party Access to Congo Basin Infrastructure

Afferro Mining Inc. ("Afferro", TSX-V & AIM: AFF) confirms that, following discussions with the Cameroon Government, it will be provided the opportunity to access the proposed railway line through the south of Cameroon.

Following Sundance Resources Ltd. achieving the significant milestone of signing the key terms and principles of the mining convention for the Mbalam Iron Ore project with the Government of Cameroon, the Company is pleased to confirm that it has been given assurances by the Government that there will be third party access to the infrastructure that is expected to be constructed. The Board of Directors had a series of ministerial meetings last week in Yaoundé, the capital city of Cameroon. In these meetings the Government emphasised its commitment that the infrastructure should also serve third party mining projects to develop the nascent Cameroonian iron ore industry. Afferro is in discussions with the government regarding the possibility of participating in the financing of the special purpose vehicle being set up to develop the railway.

Accordingly, the Company is revising its Preliminary Economic Assessment ("PEA") to take these developments under consideration and shall be disclosing the findings of its PEA in May.

Luis da Silva, Chief Executive Officer of Afferro, commented:

"This represents a significant step in the development of the rapidly emerging iron ore district that covers the south of Cameroon and the north of the Republic of Congo. It is very pleasing to be able to see the infrastructure solution for this district coming together, and for Afferro to have a stated commitment from the Cameroon Government for access. We believe the situation will be further clarified in the coming months.

Afferro has a very good relationship with the Cameroon Government and held a series of productive ministerial meetings last week, at which infrastructure was discussed and commitment given, that Afferro would have access. We find the Government to be far-sighted in respect of the opportunity to develop various iron ore projects in the region.

Afferro remains in discussions with potential strategic partners to develop its flagship asset, Nkout."

For further information please contact one of the following:

Afferro Mining Inc.

Luis da Silva / Bevan Metcalf /Jeremy Cave

Tel: +44 (0) 20 7257 2930

Website: www.afferro-mining.com

Evolution Securities Limited

Nominated Adviser: Neil Elliot

Corporate Broker: Chris Sim

Tel: +44 (0) 20 7071 4300

RBC Capital Markets

Joint Broker: Martin Eales / Richard Hughes

Tel: +44 (0) 20 7653 4000

Pelham Bell Pottinger

Charles Vivian / James MacFarlane

Tel: +44 (0) 20 7861 3232

About Afferro Mining Inc.

Afferro is an established exploration and development company listed on the TSX-V (AFF) and AIM (AFF). Afferro's portfolio includes the 100% owned Nkout iron ore project and surrounding iron ore targets in Cameroon. At the Nkout Project, Afferro has a NI 43-101 compliant indicated mineral resource estimate of 944Mt at 32.7% Fe and an inferred mineral resource estimate of 1.05Bt at 31.6% Fe.

Qualified Person

Howard Baker has eighteen years' experience in the mining industry and ten years' experience in the exploration, definition and mining of iron ore Mineral Resources. Howard Baker is a full-time employee of SRK Consulting (UK) Ltd, an independent consultancy and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration, and to the type of activity which he is undertaking to qualify as a Qualified Person in accordance with NI 43-101 and a Competent Person as defined in the June 2009 Edition of the AIM Note for Mining and Oil & Gas Companies. Howard Baker consents to the inclusion in the announcement of the matters based on their information in the form and context in which it appears and confirms that this information is accurate and not false or misleading. A NI 43-101 technical report titled "Mineral Resource Estimate for the Nkout Iron Ore Project", dated 15 November 2011, has been filed on SEDAR.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.