AFRI-CAN MARINE MINERALS CORPORATION COMMENCES TRADING ON THE FRANKFURT STOCK EXCHANGE

Afri-Can Marine Minerals Corporation (Afri-Can) is pleased to announce that its common stock has been accepted for listing and trading on the Frankfurt Stock Exchange, commencing October 1st, 2003.

October 02, 2003, Montreal, Quebec    
Symbols: TSX-V: AFA,FWB: AJF
Press release -- for immediate distribution                                                        
   Shares outstanding: 72,215,975

AFRI-CAN MARINE MINERALS CORPORATION COMMENCES TRADING
ON THE FRANKFURT STOCK EXCHANGE

Afri-Can Marine Minerals Corporation (Afri-Can) is pleased to announce that its common stock has been accepted for listing and trading on the Frankfurt Stock Exchange, commencing October 1st, 2003.

Afri-Cans trading symbol on the XETRA (Electronic Dealing System) is AJF and the German securities code (WKN) is 529879.

"Listing on the Frankfurt Exchange will increase the profile of Afri-Can with both private and institutional investors in Germany and across Europe" stated Mr. Pierre Léveillé, President and CEO of Afri-Can. This opportunity to broaden our shareholder base comes at an excellent time for our company as we move into the next phase of our corporate growth initiative. In conjunction with our European investor relations firm, we will be initiating a multi-city road show this fall. We look forward to communicating our corporate message to a wide audience of European investors."

The Frankfurt Stock Exchange (FWB) is the largest of the eight German stock exchanges. It ranks third in the world behind NYSE and NASDAQ. The launch of XETRA has offered its clients not only floor trading through brokers but also fully-electronic trading facilities, whereby orders from any point in the globe are automatically inputted into the order book on the central computer. The FWB is operated by Deutsche Borse AG. Visit the Frankfurt Stock Exchange at http://deutsche-boerse.com.

Afri-Can is a Canadian company, actively involved in the acquisition, exploration and development of major marine diamond properties in Namibia. The corporation's large and prospective license holdings, together with its growth strategy, place it among the important participants in the marine diamond business.

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

FOR MORE INFORMATION CONTACT:
Pierre Léveillé, President & CEO
Bernard J. Tourillon, Executive V.P. and CFO
John Stella, Investor Relations

TEL: (514) 846-2133 FAX: (514) 846-1435
E-MAIL: info@afri-can.com
WEB SITE: www.afri-can.com

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