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Affinor: Cease Trading Order Repelled and Updates

2008-04-01 11:30:00

Affinor: Cease Trading Order Repelled and Updates

LAVAL, QUEBEC–( EMWNews – April 1, 2008) – Affinor Resources Inc (TSX VENTURE:AFI) (“Affinor”, the “Company”) announces that the Cease Trading Order issued October 16th 2007 was repelled on March 7th 2008.

The Company would also like to announce the closing of its September 2007 private placement for a total of $140,000. Consequently, the Company has issued 1,400,000 at a price of $0.10 and 1,400,000 warrants to subscribe at $0.15 until September 30, 2009.

Affinor also announces that some of its properties’ agreements have been modified. On December 17th 2007, the Company cancelled its option agreement on the Hebecourt property. The Dasserat property has also been abandoned as it did not meet with expectations.

Furthermore, Affinor also announces changes to the agreement with Gemco Trading Inc. regarding the acquisition of interest in Gemco’s properties in the Democratic Republic of Congo. The terms of the acquisition were amended on December 5th, 2007 and provided for the cancellation of all cash payments and the issuance of 750,000 shares instead of 3,000,000 payable after regulatory approval.

The Company reaffirms its interest in acquiring the permits of Ressources Minieres du Congo SPRL (“REMCO”) as stated in the press release of July 25th, 2007. Affinor would also like to correct said press release, the total number of mining squares being 9,652 (8,275 km2) instead of 10,204. However, as the Company has not respected the conditions of the agreement, it will need to renegotiate a new agreement with REMCO.

Finally, the Company announces the resignations of Mr Daniel Barrette and Mr Gaetan Pelletier. Mr Dominic Gingras, actual Vice-president of the Company will act as interim president until the General Meeting of the Shareholders.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of the information presented in this release.

For more information, please contact

Affinor Resources Inc.
Dominic Gingras
Interim President
450-622-6626
450-622-8292

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