Realigns Executive Team

RNS Number:7319U
AfriOre Limited
28 November 2005



Craigmuir Chambers,       Tel: 212-386-5496        E-mail: fo@afriore.com
Main Street,              Fax: 212-386-5425        Website: w.afriore.com
Road Town,                Toll: 800-364-1782
Tortola,
British Virgin Islands



                      AFRIORE REALIGNS EXECUTIVE TEAM AND
                         ADOPTS SHAREHOLDER RIGHTS PLAN

Road Town, Tortola, British Virgin Islands - November 28, 2005 - AfriOre Limited
(the "Corporation" or "AfriOre") (AIM/TSX: AFO) announces that its executive
team has been realigned in order to accelerate the development of the Akanani
Project.  Warren Newfield, a director of AfriOre, has been appointed President
and Chief Executive Officer of AfriOre with immediate effect in order to give
the Corporation access to Mr. Newfield's extensive transactional and capital
markets expertise in North America and Europe.  This will enable the current CEO
Michael van Aswegen to focus on the technical aspects of the Akanani Project
with a view to expediting the completion of the feasibility study and to this
end he has been appointed Chief Operating Officer of AfriOre with immediate
effect..

As well, the Corporation board of directors (the "Board") has adopted a
Shareholder Rights Plan (the "Plan"), similar to existing shareholder rights
plans adopted by other Canadian public companies.

The objectives of the Plan are to ensure, to the extent possible, that all
shareholders of the Corporation are treated equally and fairly in connection
with any take-over bid for the Corporation.  The Plan discourages
discriminatory, coercive or unfair take-overs of the Corporation and gives the
Corporation's Board time if, in the circumstances, the Board determines it is
appropriate to take such time, to pursue alternatives to maximize shareholder
value in the event an unsolicited take-over bid is made for all or a portion of
the outstanding common shares of the Corporation (the "Common Shares").

In order to implement the adoption of the Plan, the Board authorized the
issuance of one right (a "Right") in respect of each Common Share outstanding at
the close of business on November 25, 2005 (the "Record Time").  In addition,
the Board authorized the issuance of one Right in respect of each additional
Common Share issued after the Record Time.  The Rights trade with and are
represented by AfriOre's Common Share certificates, including certificates
issued prior to the Record Time.  Until such time as the Rights separate from
the Common Shares and become exercisable, Rights certificates will not be
distributed to shareholders.

If a person, or a group acting in concert, acquires (other than pursuant to an
exemption available under the Plan) beneficial ownership of 20% or more of the
Common Shares, Rights (other than those held by such acquiring person which will
become void) will separate from the Common Shares and permit the holder thereof
to purchase Common Shares at a 50% discount to their market price.  A person, or
a group acting in concert, who is the beneficial owner of 20% or more of the
outstanding Common Shares as of the Record Time is exempt from the dilutive
effects of the Plan provided such person (or persons) does not increase its
beneficial ownership by more than 1% (other than in accordance with the terms of
the Plan).  At any time prior to the Rights becoming exercisable, the Board may
waive the operation of the Plan with respect to certain events before they
occur.

The issuance of the Rights is not dilutive until the Rights separate from the
underlying Common Shares and become exercisable or until the exercise of the
Rights.  The issuance of the Rights will not change the manner in which
shareholders currently trade their Common Shares.

The Plan is subject to the approval of the Toronto Stock Exchange, and requires
confirmation by AfriOre's shareholders within six months of the Plan's effective
date, being November 25, 2005.  If the Plan is not confirmed by shareholders,
the Plan and all outstanding Rights will terminate and be void and of no further
force and effect.

The Plan is not being proposed in response to, or in contemplation of, any
specific take-over bid for AfriOre.  The Board did not adopt the Plan to prevent
a take-over of the Corporation, to secure the continuance of management or the
directors in their respective offices or to deter fair offers for the Common
Shares.

                                    - Ends-

For further information contact:

AfriOre Limited                                    Charles Stanley & Co
Stuart Comline                                     Dugald Carlean
T: +27 83 654 5449                                 T: +44(0) 20 7953 2485

Alan Friedman
Tau Capital Corp                                   Parkgreen Communications
T: +1 416 361 9636                                 Justine Howarth / Ana Ribeiro
E: friedman@taucapital.com                         T: +44 (0) 20 7493 3713
www.afriore.com


About AfriOre

AfriOre is engaged in the acquisition, exploration and development of gold and
platinum exploration properties in Africa.  It has gold exploration properties
in South Africa, Namibia and Kenya and the Akanani platinum group metals
properties in South Africa.

The Corporation has 40,099,377 Common Shares outstanding (47,270,203 shares
fully diluted) and cash of approximately CA$5.73 million.

AfriOre is listed in Standard & Poor's Corporation Records and furnishes
information to the SEC pursuant to Rule 12g 3-2(b) under the Securities Exchange
Act of 1934.

This document may contain or refer to forward looking information based on
current expectations. Forward-looking statements are subject to significant
risks and uncertainties, and other factors that could cause actual results to
differ materially from expected results. These forward-looking statements are
made as of the date hereof and we assume no responsibility to update or revise
them to reflect new events or circumstances.

                 NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE
               SERVICES OR FOR DISSEMINATION IN THE UNITED STATES


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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