Afferro Mining Inc. Potential Offer Update

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LONDON, UK, Jan. 14, 2013 /CNW/ - Further to the announcement of 31 December 
2012, the Board of Afferro Mining Inc. ("Afferro", TSX-V & AIM: AFF) confirms 
that the period of exclusivity that Afferro had entered into with a potential 
offeror has now expired. Discussions with this party are continuing however 
following the expiry of the exclusivity period Afferro is now in a position to 
commence formal discussions with other parties who have expressed an interest 
in making an offer for the entire issued and to be issued share capital of 
Afferro. 
Whilst the Company has received approaches from a number of interested 
parties, there can be no certainty that a formal offer will be forthcoming. 
Shareholders are not presently advised or required to take any action. Further 
updates will be made as appropriate and as required under applicable laws and 
regulations. 
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, 
Ntem and Akonolinga iron ore projects. It also holds a 70% interest in the 
Ngoa project, an exploration target bordering Nkout. Nkout comprises a 
National Instrument 43-101 ("NI 43-101") compliant Indicated Mineral Resource 
Estimate of 1.19Bt at 32.9% Fe and an Inferred Mineral Resource Estimate of 
1.33Bt at 30.3% Fe. 
Qualified Person 
Howard Baker (MAusIMM(CP)) has 18 years' experiences in the mining industry 
and 10 years' experience in the exploration, definition and mining of iron ore 
mineral resources. Mr 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. 
Forward-looking Statements 
This announcement includes certain forward-looking statements. All statements, 
other than statements of historical fact, included herein are forward-looking 
statements that involve various known and unknown risks and uncertainties as 
well as other factors. Such forward looking statements are subject to a number 
of risks and uncertainties that may cause actual results or events to differ 
materially from current expectations, including delays in obtaining or failure 
to obtain required regulatory approvals. 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. 
Afferro Mining Inc. 
Luis da Silva / Jeremy Cave Tel: +44 (0) 20 7010 7680 
Website:www.afferro-mining.com 
Investec 
Nominated Adviser: Neil Elliot Corporate Broker: Chris Sim Tel: +44 (0) 20 
7597 5970 
RBC Capital Markets 
Joint Broker: Martin Eales / Richard Hughes Tel: +44 (0) 20 7653 4000 
Pelham Bell Pottinger 
Daniel Thöle / James MacFarlane Tel: +44 (0) 20 7861 3232 
SOURCE: Afferro Mining Inc. 
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CO: Afferro Mining Inc.
NI: MNG  
-0- Jan/14/2013 12:00 GMT