Africo Resources Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported loss before special items of $284,743 and loss of $158,079 compared to loss before special items of $2,757,104 and loss of $2,383,865 or $0.04 per basic and diluted share for the same period of last year. The company reported net cash used in operating activities of $248,757 compared to net cash used in operating activities of $2,538,080 for the same period of last year. For the nine months, the company reported loss before special items of $2,196,754 and loss of $2,709,396 or $0.04 per basic and diluted share compared to loss before special items of $5,655,429 and loss of $5,320,358 or $0.14 per basic and diluted share for the same period of last year. The company reported net cash used in operating activities of $4,134,391 compared to net cash used in operating activities of $5,727,441 for the same period of last year.

Africo Resources Ltd. reported consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported loss before other items of $1,012,459, net loss of $1,177,808 or $0.02 per basic and diluted share compared to the loss before other items of $1,239,767, net loss of $1,198,280 or $0.04 per basic and diluted share for the same quarter year ago. Cash used in operating activities was $1,686,160 compared to the $1,495,060 for the same quarter year ago. For the six months period, the company reported loss before other items of $1,912,011, net loss of $2,551,317 or $0.04 per basic and diluted share compared to the loss before other items of $2,898,325, net loss of $2,936,493 or $0.11 per basic and diluted share for the same period year ago. Cash used in operating activities was $3,885,634 compared to the $3,189,365 for the same period year ago.

Africo Resources Ltd. reported positive results from a drilling programme undertaken on its Kalukundi Project in the Katanga Province of the Southern DRC. A programme of infill drilling was focused on establishing the continuity in depth of mineralisation on the Principal Fragment and to determine the potential for mineralisation of the SE Anticline Fragment. Assay results from this drilling have returned some of the best values encountered on the project to date and confirm that the central part of the Principal Fragment is highly anomalous in cobalt as well as hosting excellent copper grades. The best intersection from BH K107 grades at 7.75% Cu and 2.68% Cobalt over a drilled width of 32.88m (true width 30.00m). This intersection runs from 157.00m to 189.88m and has established that oxide mineralisation on this fragment can be confirmed to a vertical depth of 140m. Assay results from the drilling on the SE Anticline Fragment have been received and are very encouraging, particularly in respect of cobalt values, with the best intersection grading at 1.47% Cobalt over a drilled width of 28.86m.