The principal activity of the group during the year was that of a fully integrated exploration, mining and trading group focused on Central and Southern Africa.

            Red = 25 day moving average.           Green = 200 day moving average.

10th May 2007

Central African Mining & Exploration Company Plc ('CAMEC' or 'the Company')


Statement Re Democratic Republic of the Congo



Central African Mining and Exploration Company Plc, the AIM quoted fully
integrated exploration, mining, trading and investment company would like to
clarify a number of matters in response to a statement allegedly made on 9 May
2007 by Victor Kasongo of the Ministry of Mines in the Democratic Republic of
Congo.


The Company has made a significant contribution to the DRC following its US$150
million investment in the Luita copper cobalt metallurgical facility in the
Katanga Province of the country. The facility and all associated activities,
which now employ in excess of 3,000 people, is 20% owned by Gecamines ('the
DRC's state mining company') and the Company has a very strong relationship with
its partners. In recent meetings with Gecamines and the Minister of Mines, the
Company was praised for its investment and the creation of facilities that
directly benefit the people of the DRC.


The Luita facility is currently producing copper cathode and cobalt concentrate
which is generating significant taxable revenue for the DRC. The Company has
always adhered to best practise in alignment with international corporate
governance standards and believes that the allegations made are totally without
foundation. CAMEC has instructed its lawyers to contact Mr Kasongo asking for
clarification of his comments.


The Company believes that the allegations have originated from commercial
disputes concerning CAMEC's 50% owned Mukondo concession area and its
acquisition of shares in Canadian publicly listed company Katanga Mining Corp.


With regard to Mukondo, CAMEC has been prevented from mining on the property by
the joint owner of the concession. CAMEC has been exerting considerable pressure
to resolve the situation and recommence mining as it develops its activities in
Katanga Province and expands on its already substantial investment and
development programme. The Company constructed the 50,000 sq m Luita producing
facility within 12 months from conception and has demonstrated a huge commitment
to the DRC.


With regard to the purchase of shares in Canadian listed Katanga Mining Corp ('
Katanga'), again CAMEC also believes that there is a deliberate effort to
disrupt the purchase of the Katanga shares, by those themselves wishing to gain
an interest in Katanga. The Company believes that the several share purchases
made by the Company are all in compliance with the relevant trading rules and is
not aware of any requirement to obtain consent from Gecamines for the purchase
of shares in a publicly listed company such as Katanga. The Company has built
up an investment position in what it believes to be a well run copper cobalt
play in the DRC. This is part of the Company's strategy of gaining exposure to a
world class copper cobalt district and identifying opportunities where CAMEC can
create value for its shareholders.