Afferro Mining Inc : TOTAL VOTING RIGHTS

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

31 January 2013

TSX-V: AFF

AIM: AFF

AFFERRO MINING INC.

TOTAL VOTING RIGHTS

31 January 2013, Afferro Mining Inc. ("Afferro" or the "Company") the TSX-V / AIM listed iron ore exploration and development company, confirms that, on 31 January 2013, its capital consisted of 105,023,636 common shares with voting rights. On that date, no shares were held in treasury. The total number of voting rights in the Company is, therefore, 105,023,636.

The above figure (105,023,636) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Afferro under the FSA's Disclosure and Transparency Rules.

Afferro Mining Inc.

Luis da Silva / Jeremy Cave

Tel: [phone]

Investec

Nominated Adviser: Neil Elliot

Corporate Broker: Chris Sim

Tel: [phone]

RBC Capital Markets

Joint Broker: Martin Eales / Richard Hughes

Tel: [phone]

Pelham Bell Pottinger

Daniel Thöle / James MacFarlane

Tel: [phone]

About Afferro Mining Inc.

Afferro is an established exploration and development company listed on the TSX-V (AFF) and AIM (AFF). Afferro's portfolio includes the 100% owned Nkout, Ntem and Akonolinga iron ore projects. It also holds a 70% interest in the Ngoa project, an exploration target bordering Nkout. Nkout comprises a National Instrument 43-101 ("NI 43-101") compliant Indicated Mineral Resource Estimate of 1.19Bt at 32.9% iron and an Inferred Mineral Resource Estimate of 1.33Bt at 30.3% iron.

Qualified Person

Howard Baker (MAusIMM(CP)) has 18 years' experience in the mining industry and 10 years' experience in the exploration, definition and mining of iron ore mineral resources. Mr Baker is a full-time employee of SRK Consulting (UK) Ltd., an independent consultancy, and 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 in accordance with 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 the announcement of the matters based on their information in the form and context in which it appears and confirms that this 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.

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