TSXgroup

March 28, 2008

AFRICAN AURA RESOURCES LIMITED ("AAZ")
BULLETIN TYPE: New Listing-IPO-Shares
BULLETIN DATE: March 28, 2008
TSX Venture Tier 1 Company

The Company's Initial Public Offering ('IPO') Prospectus dated March 24, 2008, has been filed with and accepted by TSX Venture Exchange, and filed with and receipted by the Ontario Securities Commission on March 24, 2008, pursuant to the provisions of National Policy 43-201 Mutual Reliance Review System For Prospectuses and Annual Information Forms.

The gross proceeds to be raised by the Company for the Offering is $7,922,917 (14,405,304 units at $0.55 per unit, representing 14,405,304 common shares and 7,202,652 warrants exercisable at $0.80 for 24 months). The Prospectus also qualifies the distribution of 21,121,062 Special Warrants which had been previously sold at $0.45 representing 21,121,062 common shares and 10,550,531 warrants exercisable at $0.60 for 18 months. The Company is classified as a 'Mining' company.

Listing Date: At the close of business (5:01PM EDT) on Friday, March 28, 2008.

Commence Date: At the opening on Monday, March 31, 2008, the common shares will commence trading on TSX Venture Exchange, upon confirmation of closing.

The closing of the public offering is scheduled to occur before the market opening on March 31, 2008. A further notice will be issued upon receipt of the closing confirmation.

Corporate Jurisdiction: British Virgin Islands

Capitalization: 500,000,000 common shares with no par value of which 67,446,940 common shares will be issued and outstanding.
Escrowed Shares: 12,068,041 common shares, and 4,651,316 options will be escrowed pursuant to National Policy 46-201.

Transfer Agent: Computershare Investor Services Inc.
Trading Symbol: AAZ
CUSIP Number: G0130C 10 9

Agents: Haywood Securities Inc. and Thomas Weisel Partners Canada Inc.

Over-Allotment Option: The Agents have been granted an Over-Allotment Option on the same terms as the Offering which is exercisable for the next 30 days to the extent of 2,160,796 units (15% of the Offering). A further notice will be issued upon confirmation from the Company that this portion has closed.

Agent's Commission: Aggregate cash commission of 6.5% of gross proceeds payable pro-rata to the Agents.

Agent Warrants: 936,345 non-transferable share purchase warrants. One warrant to purchase one unit at $0.55 per unit up to 24 months.

For further information, please refer to the Company's Prospectus dated March 24, 2008.

Company Contact: John Gray
Company Address: 14 Station Road, The Orchard Centre, Didcot, Oxfordshire OX117LL, United Kingdom

Company Phone Number: 44 1235511915
Company Fax Number: 44 1235511464
Company Email Address: info@african-aura.com