AFFERRO MINING INC. NOTICE OF AGM

May 17, 2011 (Canada NewsWire Group) --

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

TSX-V: AFF
AIM: AFF

TORONTO, May 17 /CNW/ - Afferro Mining Inc. ("Afferro" or the "Company"), formerly known as African Aura Mining Inc., the TSX-V / AIM listed exploration and development company with iron ore projects in Cameroon and Liberia, 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 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. (formerly African Aura Mining Inc.)  (hereinafter called the "Company") will be held at the offices of Cobbetts LLP, 70 Gray's Inn Road, London, WC1X 8BT, United Kingdom, on Tuesday, June 14, 2011 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, 2010 together with the report of the auditors thereon;
2. To set the number of directors at five;
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; and
5. 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 17th day of May, 2011.
BY ORDER OF THE BOARD
"Luis da Silva" (signed)
Luis da Silva
President and Chief Executive Officer

About Afferro Mining Inc.

Afferro Mining is an established exploration and development company listed on the TSX-V (AFF) and London's AIM (AFF). Afferro Mining's portfolio includes a 100% interest in the Nkout iron ore project (the "Nkout Project"), which has an estimated Inferred Mineral Resource of some 1.04 billion tonnes grading 34.2% Fe, 43.0% SiO2 and 2.9% AL2O3 and 0.05% P, and surrounding iron targets in Cameroon which is subject to a resource expansion drilling programme targeting 4Bt. Afferro Mining also has a 38.5% interest in the Putu iron ore project in Liberia (the "Putu Project"), which has an estimated Inferred Mineral Resource of 185 Mt of oxide material with a grade of 37.8% Fe, 17 Mt of haematite itabirite at 48.25% Fe, and 2,173 Mt of magnetite itabirite at 33.7% Fe. The Putu Project is subject to a resource expansion drilling programme and is moving through pre-feasibility managed by joint venture partner Severstal Resources (the mining division of London and Moscow listed OAO Severstal). In September 2010, Putu was granted a 25 year renewable Mineral Development Agreement by the Government of Liberia.

Qualified Person

The technical information contained in this press release relating to the Nkout Project is from the technical report entitled "Mineral Resource Estimate for the Nkout Centre Iron Project, Community of Djoum, Cameroon" dated January 28, 2011 and prepared by Howard Baker, an employee of SRK and a "qualified person" within the meaning National Instrument 43-101 ("NI 43-101"), and Robert Goddard, an employee of SRK. Copies of the above-noted technical report is available under Afferro Mining's SEDAR profile at www.sedar.com or at www.afferro-mining.com .

Howard Baker has some ten years experience in the exploration, definition and mining of iron ore Mineral Resources. Mr. Baker 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" under 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 this press release of the matters relating to iron ore in the form and context in which they appear and confirms that the information is accurate and not false or misleading.

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.

Afferro Mining Inc.
Bevan Metcalf, CFO
Tel: +44 (0) 20 7257 2930
Evolution Securities Limited
Jeremy Ellis/ Neil Elliot / Tim Redfern
Tel: +44 (0) 20 7071 4300
Pelham Bell Pottinger
Charles Vivian / James MacFarlane
Tel: +44 (0) 20 7861 3232