IM00B8C0HK22
                                                                                                    4 February 2013
                                                         
                                                African Pioneer PLC
                                        ("African Pioneer" or the "Company")
                                                         
                                          Appointment of Corporate Adviser

African  Pioneer,  the  ISDX Growth Market investment vehicle focusing on investment opportunities  in  the  mining
sector in Sub-Saharan Africa, is pleased to announce that, following the transfer by St Helens Capital Partners LLP
of  its  ISDX  Corporate  Advisory business to Peterhouse Corporate Finance Limited, Peterhouse  Corporate  Finance
Limited has been appointed as the Company's ISDX Corporate Adviser with immediate effect.

The Company accepts responsibility for the contents of this announcement.

For further information please contact:

African Pioneer
Raju Samtani                                                     0777 594 6676

Peterhouse Corporate Finance Limited
Mark Anwyl and Guy Miller                                        020 7220 9796