LONDON, UNITED KINGDOM--(CCNMatthews - Nov. 12, 2004) - African Copper PLC ("African Copper" or "the Company")
(TSX:ACU)(AIM:ACU) today announces its Admission to AIM (ticker: ACU; ISIN number GB00B03TH577) following the
successful Placing of 19,736,843 Ordinary Shares at 76p ("the Placing") raising Pounds Sterling 15 million. Numis
Securities Plc (Numis) and Royal Bank of Canada acted as Joint Managers and Joint Underwriters of the Placing and
Numis is acting as Broker and Nominated Advisor to the Company.


Key Statistics

--------------------------------------------------------------------------
Placing Price per new Ordinary Share                                   76p
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Number of Placing Shares issued                                 19,736,843
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Total proceeds from the Placing
 (before expenses)                              Pounds Sterling 15 million
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Number of Ordinary Shares in issue
 immediately following Admission                                46,059,230
--------------------------------------------------------------------------
Percentage of Ordinary Shares in issue
 represented by the Pricing Shares                                     43%
--------------------------------------------------------------------------
Market capitalisation following the Placing
 at the Placing Price                           Pounds Sterling 35 million
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The Company will shortly issue a further 3,927,943 shares in connection with the acquisition of a preference share
in the Company. The addition of these further shares will increase the market capitalisation, based on the Placing
price, to approximately Pounds Sterling 38 million. The total number of Ordinary Shares in issue following this
acquisition will be 49,987,173.

African Copper owns a substantial near production copper asset in the Republic of Botswana along with additional
neighbouring mineral rights over a project area of just under 4000 sq km which contains two known copper deposits
and numerous base metal exploration targets. The Company's most advanced project is the Dukwe copper deposit
located 120 km northwest of the city of Francistown in north eastern Botswana in an area of good infrastructure
and services. In addition to the Dukwe project, the Company holds a number of prospecting licences, known as the
Matsitama Licences, over an area of approximately 4000 sq km area adjoining the southern edge of the Dukwe
licence.

Funds raised by the Placing will be used to complete a bankable feasibility study and detailed engineering for the
Dukwe oxide resource and undertake further evaluation and complete a feasibility study and detailed engineering
for the Dukwe sulphide deposit. The Company will also construct a sulphuric acid plant required for the treatment
of the copper oxide ore. Surplus acid generated will provide additional revenue. Additionally, the Placing will
provide funds for further drilling and evaluation of the Matsitama Licences.

ACA Howe, as independent geological and mining consultants, have put a fair market value for Dukwe and Matsitama
in the range of $128 million to $142 million, (approximately Pounds Sterling 70-78m @ $1.84/Pounds Sterling ),
using a copper price of $1.00 per pound.

Dukwe

Dukwe contains a significant copper oxide and sulphide deposit totalling 18 million tonnes grading 3.31% copper
(containing 1.3 billion pounds of copper). The copper oxide deposit is amenable to open pit mining, heap leaching
and a solvent extraction and electrowinning recovery process and is expected to produce cathode copper at a rate
of 24 million pounds of copper per year. The sulphide deposit will be mined by underground methods and processed
to produce a copper concentrate. At a design capacity of 900,000 tonnes of ore per year, the sulphide mine would
be expected to produce 71 million pounds of copper per year.
 
Preliminary economic evaluation of the Dukwe deposits has estimated a net cash flow of approximately $319 million
over an initial 18 year mine life.

The Company believes there is potential for significant additions to the oxide and sulphide deposits at Dukwe. The
oxide deposit is open along strike to the south and the sulphide deposit is open to the north and south and at
depth. There is a number of drill intercepts in these areas which confirms the presence of copper mineralisation
but which remains to be quantified.
 
Matsitama

Data gathered from the Matsitama Licences indicates a world class geological environment for copper - zinc
deposits. There are four large mineralised regions with over 170 untested copper and zinc geochemical anomalies
ready for drill testing. In addition, known copper deposits at Nakalakwana Hill (11 million tonnes at 0.63%
copper) and Thakadu Makala (4.85 million tonnes at 2.71% copper) are attractive areas for further evaluation.

David Jones, Chief Executive of African Copper commented, "The Placing and Admission to AIM are significant steps
in our stated goal of becoming a substantial copper producer in southern Africa. We believe we have identified a
potential world class base metal district in Botswana and our first operation at Dukwe can be developed at low
cost with attractive rates of return. This gives us a base to rapidly explore the district and demonstrate its
potential. It is getting more and more difficult to find new mineral provinces and as world demand for base metals
grows, the value of our assets in Botswana will be seen to have immense potential value.

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