Quarterly Production Update

8 March 2021

AfriTin Mining Limited

("AfriTin" or the "Company")

Quarterly Production Update

Target production exceeded at Uis Tin Mine

AfriTin Mining Limited (AIM: ATM), an African tin mining company with its flagship asset, the Uis Tin Mine ("Uis") in Namibia, is pleased to provide its inaugural quarterly production update for the twelve-month period ended 29 February 2021 (the "2021 Financial Year").

Highlights:

▪    Tin concentrate production totalled 194.5 tonnes for Q4, representing a 28% quarterly increase compared with the previous quarter, and exceeding the 180 tonnes production target; and

▪    Total production for the 2021 Financial Year amounted to 473 tonnes of tin concentrate.

The Company is pleased to report that Uis successfully maintained a production level above its steady state target during Q4 of the 2021 Financial Year. During the quarter under review, Uis surpassed the target of 180 tonnes of tin concentrate to produce 194.5 tonnes (containing 126.2 tonnes of tin metal), a 28% improvement on the previous quarter. The production level achieved in Q4 represents approximately 108% of the Stage I quarterly target in terms of tin concentrate produced and 117% of the Stage I quarterly target in terms of tin contained in concentrate. The quarterly production performance for the 2021 financial year is tabulated below.

Table 1: Quarterly performance of the Uis Phase 1 pilot plant during the 2021 financial year*.

* calculated on a 100% ownership basis. Note AfriTin have a 85% interest in the Uis Project

** Operations curtailed due to Namibian COVID-19 lockdown regulations (see announcement dated 31 March 2020)

Tin concentrate production for the 2021 Financial Year totalled 473 tonnes, for a total of 311.7 tonnes of contained tin metal. The Company continues to achieve an average payability of 94% (referring to the percentage of the LME tin price realised for the tin contained in concentrate). The concentrate continues to be largely free of deleterious elements, resulting in a high grade, clean concentrate.

AfriTin is committed to further optimisation and expansion of the operation. The Company plans to develop a modular expansion of the pilot plant, and production of by-products in the form of tantalum and lithium concentrates. The Company is currently conducting test work to investigate the feasibility of magnetically separating tantalum minerals from the tin concentrate and will update the market with the results of this test work in due course.

The health, safety, and well-being of AfriTin's employees, contractors and the local community are of utmost importance to the Company. As previously announced, strict COVID-19 mitigation measures remain implemented across the Company and all necessary steps have been taken to safeguard the workforce. It is a credit to the workforce at site that these measures have been successfully implemented without having a detrimental impact on production at the mine.

Anthony Viljoen, CEO of AfriTin Mining Limited commented:

For further information, please visit www.afritinmining.com or contact:

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014

About AfriTin Mining Limited

Notes to Editors

AfriTin Mining Limited is the first pure tin company listed in London and its vision is to create a portfolio of globally significant, conflict-free, tin-producing assets. The Company's flagship asset is the Uis Tin Mine in Namibia, formerly the world's largest hard-rock opencast tin mine.

AfriTin is managed by an experienced board of directors and management team with a current two-fold strategy: fast-track Uis Tin Mine in Namibia to commercial production as Phase 1, ramping up to 5,000 tonnes of concentrate per annum in a Phase 2 expansion. The Company strives to capitalise on the solid supply/demand fundamentals of tin by developing a critical mass of tin resource inventory, achieving production in the near term and further scaling production by consolidating tin assets in Africa.