West African Minerals : Change of name & Corporate update

Change of name effective

As previously announced, on 10 January 2018, Shareholders approved at the General Meeting the change of name of the Company to OKYO Pharma Corporation.

The Company announces that the name change has now become effective.

Accordingly, trading in the Company's Ordinary Shares on AIM under the name, OKYO Pharma Corporation, will commence at 8.00 a.m. on 5 February 2018 under a new ISIN, SEDOL and TIDM as set out below:

The change of name will not affect any Shareholders' rights. New issues of Ordinary Share certificates will be in the new name of the Company. Existing Ordinary Share certificates will remain valid and it is not proposed that replacement Ordinary Share certificates be issued in the name of OKYO Pharma Corporation until required.

Further information is available on the Company's website: www.westafricanminerals.com. As from 5 February 2018, the Company's website will be:www.okyopharma.com

Special Dividend

The Disposal of the Company's interest in Ferrum by way of the Special Dividend was also approved at the General Meeting. The Company is currently finalising the arrangements for completion of the Special Dividend and the Board currently anticipates payments of the Special Dividend at the end of this month.

For further information contact:

This announcement is inside information for the purposes of Article 7 of Regulation 596/2014. The person who arranged for the release of this announcement on behalf of the Company was Willy Simon, Director.

Forward-looking statements

Certain statements in this announcement constitute ''forward-looking statements''. Forward-looking statements include statements concerning the plans, objectives, goals, strategies and future operations and performance of the Company and the assumptions underlying these forward-looking statements. The Company uses the words ''anticipates'', ''estimates'', ''expects'', ''believes'', ''intends'', ''plans'', ''may'', ''will'', ''should'', and any similar expressions to identify forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the Company's actual results, performances or achievements to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. Such forward-looking statements are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future. These forward-looking statements speak only as at the date of this announcement. The Company is not obliged, and does not intend, to update or to revise any forward-looking statements, whether as a result of new information, future events or otherwise except to the extent required by any applicable law or regulation. All subsequent written or oral forward-looking statements attributable to the Company, or persons acting on behalf of the Company, are expressly qualified in their entirety by the cautionary statements contained throughout this announcement. As a result of these risks, uncertainties and assumptions, a prospective investor should not place undue reliance on these forward-looking statements.

APPENDIX

DEFINITIONS

In this announcement, the following expressions have the following meanings unless the context otherwise requires:

ENDS