Results From China

Afcan Mining Corporation, a Canadian company engaged in the production of gold from its 85% owned TJS GOLD MINE in China and in the exploration and development of mineral properties in China and West Africa, has announced its results for the period ending June 30, 2003.

 The Company started gold production from the existing plant with an estimated production of approximately 650 ounces per month for the next five months. A total of 810 ounces were sold during the quarter at an average price of $317 per ounce.  This price is a Chinese small producer rate for dore of 98%. During the quarter, Afcan produced 1,354 ounces of gold at a cash operating cost of 294 $ per ounce. Gold in circuit accounts for the shortfall in initial production. This will be recovered at the end of this year's production. The plant is operating on stockpile and when these are completed later in the year, the plant will be closed.

 A diamond drilling program being carried out under the supervision of Phil Fillis, an independent geological expert and Qualified Person for Afcan, started on the 22nd April and by the end of June, 26 holes totalling 2,943.57 metres had been drilled. The programmes are designed to test for additional ore zones, which may support open pit mining of the main resource.

 Updating of the current feasibility study (completed in late 2002 by BGRIMM - a Chinese engineering consulting group) into a bankable feasibility study is awaiting the drilling results to confirm whether or not an open-pit operation is feasible.  Due to the delays caused by SARS, and the additional drilling required as we are using diamond drilling rather than the planned RC drilling, this decision is now not expected until October. With extensive metallurgical work being done in Australia to confirm the best plant treatment process, the study is not expected to be completed until early 2004.