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African Gold Group, Inc. (AGG.V)

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Previous Close0.1850
Open0.1800
Bid0.1800 x 0
Ask0.1850 x 0
Day's Range0.1750 - 0.1850
52 Week Range0.1000 - 0.4000
Volume167,460
Avg. Volume276,995
Market Cap26.815M
Beta (5Y Monthly)2.92
PE Ratio (TTM)N/A
EPS (TTM)-0.0680
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est0.79
  • REPEAT - African Gold Group Extends Existing Shear Zone Structures by More Than ~80% at Its Flagship Kobada Property
    GlobeNewswire

    REPEAT - African Gold Group Extends Existing Shear Zone Structures by More Than ~80% at Its Flagship Kobada Property

    Termite soil geochemistry (left) and ternary Radiometrics (K-Th-U, middle) and Analytic Signal (right) with indicated shear zones. Figure 1 Individual shear zones, their interpreted strike length, and the combined total. Figure 2 * African Gold Group would like to invite shareholders and the general public to join AGG management team for a live webinar to discuss ongoing drilling program. * The investor webinar will take place on Wednesday, November 25th at 10:00 am (EST). Online registration and participation details may be found at the following link: * https://zoom.us/webinar/register/WN_o-Lo3uHcRd2Y2YCqekJ6BA TORONTO, Nov. 23, 2020 (GLOBE NEWSWIRE) -- African Gold Group, Inc. (TSX-V: AGG) (“AGG” or the “Company”) is pleased to announce the results of its ongoing exploration activities at the Kobada Gold Project in Southern Mali. A detailed study of the airborne magnetic and radiometric survey has delineated a total of 55 km of shear zone structures, an approximate 80% increase from the previously delineated 30 km.Highlights: * A reprocessing of airborne magnetic and radiometric survey has led to a re-interpretation of the structural inventory and resulted in a delineation of 55 km of shear zones across the Kobada, Faraba and Kobada Est concessions * Existing 1.2 Moz in M&I and 1.1 Moz in Inferred resources have been estimated along only 4 km of strike length of the Kobada shear zone (see NI 43-101 Technical Report on Kobada Gold Project in Mali dated July 10, 2020 with an effective date of June 17, 2020 the “2020 DFS”) * An additional 25 km of shear zones represent a potential for an increase in resources * Drilling continues in the main shear zone, the Gosso target, and the northern extension of the main Kobada shear zone as part of the 10,000 m drilling programme announced in September (see press release as of September 14, 2020) * The Company expects to deliver an updated mineral resource estimate during Q1 2021 to incorporate results from the Company’s ongoing drilling program. Re-processing and interpretation of the airborne data was initiated during July 2020 and awarded to John Bell, a geophysicist, with in-depth knowledge of the Birimian geology. The report was received during October 2020 and its very detailed findings have allowed for a re-assessment of the structural inventory at our Kobada project and its neighbouring concessions Kobada Est and Faraba.The integration of various datasets, including soil geochemistry, radiometrics, various magnetic derivatives, satellite imagery and field observations led to the delineation of 55 km strike length of potentially mineralised shear zones. Known outcrops, historical artisanal excavations, soil sampling and tracing of shears along magnetic features and satellite imagery facilitated the delineation. AGG will test all targets for gold occurrence in the subsequent exploration programmes.Danny Callow, Chief Executive Officer of AGG, states:“Since August 2019, AGG has analysed all historical geological information to better understand the structural geology of the Kobada complex. These exciting results from a re-analysis of these datasets could increase the resource potential of the Kobada gold project and represent a significant milestone achievement for the company. With only 4 km of the shear zones drilled to date, the recent findings further confirm the belief of the management team that we have only scratched the surface of the true potential of the Kobada Gold Project. The 55 km of highly prospective shear zone structures identified by AGG have the potential to increase the resource of the AGG portfolio, and we have put together a detailed drill programme to target these new areas. The recent better than expected drill results from the ongoing drilling program and delineation of new shear zones continue to strengthen our vision of building a long-term sustainable operation in West Africa and growing value for our shareholders. We now firmly believe that this has the potential to not only substantially increase the mine life as detailed in the 2020 DFS, but also the potential to increase the output from the current 100,000 ounces of gold per annum.” Survey Information: * Survey contractor: Xcalibur Airborne Geophysics * Date of survey: February 26, 2010 to March 3, 2010 * Total line kilometres: 4,818 km * Line direction: 90o * Tie Line direction: 0o * Ground clearance: 30 m * Line spacing: 50 m * Tie Line spacing: 500 m * Sample spacing: magnetics: 3.5 m, radiometrics: 70 m * Contract for re-analysis awarded to John Bell in July 2020 * Re-evaluation of available datasets during September to October 2020 Figure 1: Termite soil geochemistry (left) and ternary Radiometrics (K-Th-U, middle) and Analytic Signal (right) with indicated shear zones: https://www.globenewswire.com/NewsRoom/AttachmentNg/9208e010-6745-46d7-a71a-f0cae068786fFigure 2: Individual shear zones, their interpreted strike length, and the combined total: https://www.globenewswire.com/NewsRoom/AttachmentNg/d7a14bbb-fa46-4705-a34a-20551af3e24bAbout African Gold GroupAfrican Gold Group is a TSX Venture Exchange (TSX-V: AGG) listed exploration and development company with a focus on building Africa’s next mid-tier gold producer. The Company has a highly experienced board of directors and management team with a proven track record in the African mining sector operating mines from development through to production. AGG’s principal asset is the Kobada Gold Project in southern Mali, which is in an advanced stage of development having completed the 2020 DFS and is targeting gold production of 100,000 oz per annum by Q2 2022. As well as the initial project outlined in the 2020 DFS, other exploration locations have been identified on the Kobada, Farada and Kobada Est concessions. For more information regarding African Gold Group visit our website at www.africangoldgroup.com.Qualified PersonThe scientific and technical information contained in this press release has been reviewed, prepared and approved by Dr. Andreas Rompel, PhD, Pr. Sci. Nat. (400274/04), FSAIMM, Vice President Exploration of AGG, who is a "Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and by Mr. Uwe Engelmann (BSc (Zoo. & Bot.), BSc Hons (Geol.), Pr.Sci.Nat. No. 400058/08, MGSSA), a director of Minxcon (Pty) Ltd and a member of the South African Council for Natural Scientific Professions.For more information:Danny Callow President and Chief Executive Officer +(27) 76 411 3803 Danny.Callow@africangoldgroup.comScott Eldridge Non-Executive Chairman of the Board (604) 722-5381 Scott.Eldridge@africangoldgroup.comDaniyal Baizak VP Corporate Development (647) 835-9617 Daniyal.Baizak@africangoldgroup.comCamarco (Financial PR) Gordon Poole Nick Hennis +44 (0) 20 3757 4997 AfricanGoldGroup@camarco.co.ukCautionary statements This press release contains “forwardlooking information” within the meaning of applicable Canadian securities legislation. Forwardlooking information includes, but is not limited to, statements regarding, the Company’s Phase 3 drilling program and future drilling programs, re-interpretation of airborne magnetic and radiometric surveys, expectations of increase in resources or reserves at the Kobada Gold Project, projected mineralization of the shear zones at Kobada, Faraba and Kobada Est concessions, strike length of shear zones and additional targets at Gosso and Faraba. Generally, forwardlooking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forwardlooking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of AGG to be materially different from those expressed or implied by such forwardlooking information, including but not limited to: commencement and actual results of future exploration and drilling programs, updates to projected mineralization and strike length of shear zones, viability of additional targets, receipt of necessary approvals; general business, economic, competitive, political and social uncertainties including the unpredictable and unstable political and economic environment in Mali ; future prices of mineral prices; accidents, labour disputes and shortages and other risks of the mining industry.This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by AGG with the Canadian securities regulators, including AGG’s most recent annual information form, financial statements and related MD& filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com. Although AGG has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forwardlooking information. AGG does not undertake to update any forward-looking information, except in accordance with applicable securities laws.NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

  • African Gold Group Extends Existing Shear Zone Structures by More Than ~80% at Its Flagship Kobada Property
    GlobeNewswire

    African Gold Group Extends Existing Shear Zone Structures by More Than ~80% at Its Flagship Kobada Property

    Termite soil geochemistry (left) and ternary Radiometrics (K-Th-U, middle) and Analytic Signal (right) with indicated shear zones. Figure 1 Individual shear zones, their interpreted strike length, and the combined total. Figure 2 * African Gold Group would like to invite shareholders and the general public to join AGG management team for a live webinar to discuss ongoing drilling program. * The investor webinar will take place on Wednesday, November 25th at 10:00 am (EST). Online registration and participation details may be found at the following link: * https://zoom.us/webinar/register/WN_o-Lo3uHcRd2Y2YCqekJ6BA TORONTO, Nov. 23, 2020 (GLOBE NEWSWIRE) -- African Gold Group, Inc. (TSX-V: AGG) (“AGG” or the “Company”) is pleased to announce the results of its ongoing exploration activities at the Kobada Gold Project in Southern Mali. A detailed study of the airborne magnetic and radiometric survey has delineated a total of 55 km of shear zone structures, an approximate 80% increase from the previously delineated 30 km.Highlights: * A reprocessing of airborne magnetic and radiometric survey has led to a re-interpretation of the structural inventory and resulted in a delineation of 55 km of shear zones across the Kobada, Faraba and Kobada Est concessions * Existing 1.2 Moz in M&I and 1.1 Moz in Inferred resources have been estimated along only 4 km of strike length of the Kobada shear zone (see NI 43-101 Technical Report on Kobada Gold Project in Mali dated July 10, 2020 with an effective date of June 17, 2020 the “2020 DFS”) * An additional 25 km of shear zones represent a potential for an increase in resources * Drilling continues in the main shear zone, the Gosso target, and the northern extension of the main Kobada shear zone as part of the 10,000 m drilling programme announced in September (see press release as of September 14, 2020) * The Company expects to deliver an updated mineral resource estimate during Q1 2021 to incorporate results from the Company’s ongoing drilling program. Re-processing and interpretation of the airborne data was initiated during July 2020 and awarded to John Bell, a geophysicist, with in-depth knowledge of the Birimian geology. The report was received during October 2020 and its very detailed findings have allowed for a re-assessment of the structural inventory at our Kobada project and its neighbouring concessions Kobada Est and Faraba.The integration of various datasets, including soil geochemistry, radiometrics, various magnetic derivatives, satellite imagery and field observations led to the delineation of 55 km strike length of potentially mineralised shear zones. Known outcrops, historical artisanal excavations, soil sampling and tracing of shears along magnetic features and satellite imagery facilitated the delineation. AGG will test all targets for gold occurrence in the subsequent exploration programmes.Danny Callow, Chief Executive Officer of AGG, states:“Since August 2019, AGG has analysed all historical geological information to better understand the structural geology of the Kobada complex. These exciting results from a re-analysis of these datasets could increase the resource potential of the Kobada gold project and represent a significant milestone achievement for the company. With only 4 km of the shear zones drilled to date, the recent findings further confirm the belief of the management team that we have only scratched the surface of the true potential of the Kobada Gold Project. The 55 km of highly prospective shear zone structures identified by AGG have the potential to increase the resource of the AGG portfolio, and we have put together a detailed drill programme to target these new areas. The recent better than expected drill results from the ongoing drilling program and delineation of new shear zones continue to strengthen our vision of building a long-term sustainable operation in West Africa and growing value for our shareholders. We now firmly believe that this has the potential to not only substantially increase the mine life as detailed in the 2020 DFS, but also the potential to increase the output from the current 100,000 ounces of gold per annum.” Survey Information: * Survey contractor: Xcalibur Airborne Geophysics * Date of survey: February 26, 2010 to March 3, 2010 * Total line kilometres: 4,818 km * Line direction: 90o * Tie Line direction: 0o * Ground clearance: 30 m * Line spacing: 50 m * Tie Line spacing: 500 m * Sample spacing: magnetics: 3.5 m, radiometrics: 70 m * Contract for re-analysis awarded to John Bell in July 2020 * Re-evaluation of available datasets during September to October 2020 Figure 1: Termite soil geochemistry (left) and ternary Radiometrics (K-Th-U, middle) and Analytic Signal (right) with indicated shear zones: https://www.globenewswire.com/NewsRoom/AttachmentNg/9208e010-6745-46d7-a71a-f0cae068786fFigure 2: Individual shear zones, their interpreted strike length, and the combined total: https://www.globenewswire.com/NewsRoom/AttachmentNg/d7a14bbb-fa46-4705-a34a-20551af3e24bAbout African Gold GroupAfrican Gold Group is a TSX Venture Exchange (TSX-V: AGG) listed exploration and development company with a focus on building Africa’s next mid-tier gold producer. The Company has a highly experienced board of directors and management team with a proven track record in the African mining sector operating mines from development through to production. AGG’s principal asset is the Kobada Gold Project in southern Mali, which is in an advanced stage of development having completed the 2020 DFS and is targeting gold production of 100,000 oz per annum by Q2 2022. As well as the initial project outlined in the 2020 DFS, other exploration locations have been identified on the Kobada, Farada and Kobada Est concessions. For more information regarding African Gold Group visit our website at www.africangoldgroup.com.Qualified PersonThe scientific and technical information contained in this press release has been reviewed, prepared and approved by Dr. Andreas Rompel, PhD, Pr. Sci. Nat. (400274/04), FSAIMM, Vice President Exploration of AGG, who is a "Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and by Mr. Uwe Engelmann (BSc (Zoo. & Bot.), BSc Hons (Geol.), Pr.Sci.Nat. No. 400058/08, MGSSA), a director of Minxcon (Pty) Ltd and a member of the South African Council for Natural Scientific Professions.For more information:Danny Callow President and Chief Executive Officer +(27) 76 411 3803 Danny.Callow@africangoldgroup.comScott Eldridge Non-Executive Chairman of the Board (604) 722-5381 Scott.Eldridge@africangoldgroup.comDaniyal Baizak VP Corporate Development (647) 835-9617 Daniyal.Baizak@africangoldgroup.comCamarco (Financial PR) Gordon Poole Nick Hennis +44 (0) 20 3757 4997 AfricanGoldGroup@camarco.co.ukCautionary statements This press release contains “forwardlooking information” within the meaning of applicable Canadian securities legislation. Forwardlooking information includes, but is not limited to, statements regarding, the Company’s Phase 3 drilling program and future drilling programs, re-interpretation of airborne magnetic and radiometric surveys, expectations of increase in resources or reserves at the Kobada Gold Project, projected mineralization of the shear zones at Kobada, Faraba and Kobada Est concessions, strike length of shear zones and additional targets at Gosso and Faraba. Generally, forwardlooking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forwardlooking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of AGG to be materially different from those expressed or implied by such forwardlooking information, including but not limited to: commencement and actual results of future exploration and drilling programs, updates to projected mineralization and strike length of shear zones, viability of additional targets, receipt of necessary approvals; general business, economic, competitive, political and social uncertainties including the unpredictable and unstable political and economic environment in Mali ; future prices of mineral prices; accidents, labour disputes and shortages and other risks of the mining industry.This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by AGG with the Canadian securities regulators, including AGG’s most recent annual information form, financial statements and related MD& filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com. Although AGG has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forwardlooking information. AGG does not undertake to update any forward-looking information, except in accordance with applicable securities laws.NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

  • REPEAT -- African Gold Group Increases Vertical Depth of Oxide Ore Body, Intersects 18.5 g/t Au and 8.41 g/t Au at the Kobada Gold Project on In-Fill Drilling Programme
    GlobeNewswire

    REPEAT -- African Gold Group Increases Vertical Depth of Oxide Ore Body, Intersects 18.5 g/t Au and 8.41 g/t Au at the Kobada Gold Project on In-Fill Drilling Programme

    Plan view of drilling campaign at Kobada. Solid lines represent holes drilled to date. Figure 1 Drill hole KB20_PH4A_11, confirming mineralisation close to surface and an additional newly discovered mineralised zone. Figure 2 * African Gold Group would like to invite shareholders and the general public to join AGG management team for a live webinar to discuss ongoing drilling program. * The investor webinar will take place on Wednesday, November 25th at 10:00 am (EST). Online registration and participation details may be found at the following link: * https://zoom.us/webinar/register/WN_o-Lo3uHcRd2Y2YCqekJ6BA TORONTO, Nov. 19, 2020 (GLOBE NEWSWIRE) -- African Gold Group, Inc. (TSX-V: AGG) (“AGG” or the “Company”) is pleased to announce updated results from its Phase 4 in-fill drilling campaign targeting conversion of Inferred oxides into Measured and Indicated Resources. Most recent drilling results continue to show extensions of the oxide orebody at depth, far deeper than expected with numerous high-grade gold intersections. Ongoing drilling continues to test strike, depth and plunge extensions of the mineralized system.Highlights * The drill program has extended the depth of the oxide-sulphide boundary from 120 m to 190 m at the northern extensions of the main shear zone. * The boundary between the oxidised lithologies and the unaltered (sulphide) lithologies being repeatedly intersected at deeper levels are conducive to adding more volume to the Inferred Mineral Resource. * High grade gold mineralisation, plus numerous recent strong intersections consistently reported from outside the mineral resource estimate in the NI 43-101 Technical Report on Kobada Gold Project dated June 17, 2020 (the “2020 DFS”) will be incorporated in the next mineral resource estimate update on track for Q1 2021. * Phase 4 drilling programme is ahead of target with some significant grade intersections identified in the oxide orebody. * Drilling continues along the main shear zone (Phase 4), the Gosso target (Phase 3), and the northern extension of the main Kobada shear zone (Phase 5) as part of the 10,000 m drilling programme announced in September (see press release dated September 14, 2020). Drilling highlights include (Table 1): * 1.04 g/t Au over 37.0 m from 47.0 m to 84.0 m (Drill hole KB20_PH4A_11) * Including 8.41 g/t Au over 1.0 m, 6.41 g/t Au over 1.0 m and 7.85 g/t Au over 1.0 m * 2.81 g/t Au over 7.0 m from 102.0 m to 109.0 m (Drill hole KB20_PH4A_11) * Including 18.50 g/t Au over 1.0 m * 1.39 g/t Au over 9.0 m from 33.0 m to 42.0 m (Drill hole KB20_PH4A_10) * Including 5.78 g/t Au over 1.0 mAndy Rompel, Vice President Exploration of African Gold Group commented:“I am very pleased to report that these drill results have exceeded our expectations and the saprolite zone of the oxidised resource is larger than anticipated. We have drilled soft mineralised lithologies at unexpected depth and can push the boundary between soft and hard rock further down. This will consequently add volume to our already known resource. We will continue to pursue this occurrence further northwards where we intend to confirm the mineralisation along the Kobada shear and its northern extension. We see great potential along this and our neighbouring shear zone along the Gosso target, which has only recently been proven auriferous on surface as well as at depth.”Overview of drilling programmeDrill rigs have been operating since early September 2020, and despite heavy rains, the Company has made very good progress in its exploration drilling programme. To date, 3,051 m have been drilled, of which 1,690 m were Reverse Circulation drilling (RC) and 1,361 m were Diamond drilling (DD). The assay results from the infill drilling campaign on the Kobada Main shear zone have confirmed that to date, large portions of the geological model and the anticipated grade of the Inferred oxide Mineral Resource correlate positively with the 1.34 g/t mean grade currently used in the existing Inferred Resource estimate. In addition, the boundary between the oxidised lithologies and the unaltered (sulphide) lithologies has been repeatedly intersected at deeper levels than anticipated. These results are conducive to adding more volume at depth to the Inferred Mineral Resource in the oxides.The campaign to upgrade a portion of the Inferred oxide Mineral Resources is part of a three-phase drilling campaign. The objective of the drilling campaign is to upgrade the Inferred oxide resource to a higher confidence category, test the northern extension of the Kobada shear beyond the last known occurrence in the northern parts of the Kobada concession and the initial drill-testing of the neighbouring Gosso shear zone (see press release dated October 20, 2020). It comprises an initial 6,720 m at a split of 70% RC holes (4,704 m) and 30% DD holes (2,016 m).Figure 1: Plan view of drilling campaign at Kobada. Solid lines represent holes drilled to date: https://www.globenewswire.com/NewsRoom/AttachmentNg/33adf2e1-7c09-4aa7-a755-d1119bc36bcdFigure 2: Drill hole KB20_PH4A_11, confirming mineralisation close to surface and an additional newly discovered mineralised zone: https://www.globenewswire.com/NewsRoom/AttachmentNg/31d08b93-2db8-4dda-89c1-960816b819fcAbout African Gold GroupAfrican Gold Group is a TSX Venture Exchange (TSX-V: AGG) listed exploration and development company with a focus on building Africa’s next mid-tier gold producer. The Company has a highly experienced board and management team with a proven track record in the African mining sector operating mines from development through to production. AGG’s principal asset is the Kobada Project in southern Mali, which is in an advanced stage of development having completed the 2020 DFS and is targeting gold production of 100,000 oz per annum by Q2 2022. As well as the initial Kobada Gold Project, other exploration locations have been identified on the Kobada, Farada and Kobada Est concessions, offering potential for an increase in resource. For more information regarding African Gold Group visit our website at www.africangoldgroup.com.Qualified PersonThe scientific and technical information contained in this press release has been reviewed, prepared and approved by Dr. Andreas Rompel, PhD, Pr. Sci. Nat. (400274/04), FSAIMM, Vice President Exploration of AGG, who is a "Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and by Mr. Uwe Engelmann (BSc (Zoo. & Bot.), BSc Hons (Geol.), Pr.Sci.Nat. No. 400058/08, MGSSA), a director of Minxcon (Pty) Ltd and a member of the South African Council for Natural Scientific Professions.For more information:Danny Callow President and Chief Executive Officer +(27) 76 411 3803 Danny.Callow@africangoldgroup.comScott Eldridge Non-Executive Chairman of the Board (604) 722-5381 Scott.Eldridge@africangoldgroup.comDaniyal Baizak VP Corporate Development (647) 835-9617 Daniyal.Baizak@africangoldgroup.comCamarco (Financial PR) Gordon Poole Nick Hennis +44 (0) 20 3757 4997 AfricanGoldGroup@camarco.co.ukCautionary statements This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements regarding, the Company’s Phase 3 drilling program, expectations of increase in resources or reserves at the Kobada Gold Project, timeline for delivery of future mineral resource estimates and extensions of orebody depth and length . Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”.  Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of AGG to be materially different from those expressed or implied by such forward-looking information, including but not limited to: receipt of necessary approvals; general business, economic, competitive, political and social uncertainties; future prices of mineral prices; accidents, labour disputes and shortages and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.Table 1: Assay results from the mineralized zone  Mineralized ZoneIncludes BHIDOre BodyFromToComposite Length (m)Composite Grade (g/t)FromToIncludes (m)Includes (g/t) KB20_PH4A_10Kobada Main Shear33.0042.009.001.3933.0034.001.001.78 KB20_PH4A_10     34.0035.001.001.89 KB20_PH4A_10     35.0036.001.005.78 KB20_PH4A_10 52.0053.001.002.37     KB20_PH4A_10 72.0081.009.000.2872.0073.001.001.03 KB20_PH4A_10 95.00124.0029.000.4698.0099.001.001.70 KB20_PH4A_10     99.00100.001.001.01 KB20_PH4A_10     101.00102.001.001.13 KB20_PH4A_10     119.00120.001.001.04 KB20_PH4A_11 47.0084.0037.001.0449.0050.001.002.63 KB20_PH4A_11     55.0056.001.008.41 KB20_PH4A_11     56.0057.001.006.41 KB20_PH4A_11     67.0068.001.007.85 KB20_PH4A_11     70.0071.001.001.43 KB20_PH4A_11     72.0073.001.001.20 KB20_PH4A_11     73.0074.001.002.08 KB20_PH4A_11     83.0084.001.001.52 KB20_PH4A_11 102.00109.007.002.81102.00103.001.0018.50 KB20_PH4A_11 117.00134.0017.000.46120.00121.001.002.99 KB20_PH4A_11     133.00134.001.001.75 KB20_PH4A_11 141.00143.002.000.44     Cumulative Mineralization WidthsBHIDCumulative Mineralization Width (m)Mean Grade (g/t) KB20_PH4A_1048.000.64 KB20_PH4A_1163.001.06 Significant Intersections (above 1 g/t Au) BHIDFromToIntersection Length (m)Au_Final (g/t) KB20_PH4A_1033.0034.001.001.78 KB20_PH4A_1034.0035.001.001.89 KB20_PH4A_1035.0036.001.005.78 KB20_PH4A_1072.0073.001.001.03 KB20_PH4A_1098.0099.001.001.70 KB20_PH4A_1099.00100.001.001.01 KB20_PH4A_10101.00102.001.001.13 KB20_PH4A_10119.00120.001.001.04 KB20_PH4A_1149.0050.001.002.63 KB20_PH4A_1155.0056.001.008.41 KB20_PH4A_1156.0057.001.006.41 KB20_PH4A_1167.0068.001.007.85 KB20_PH4A_1170.0071.001.001.43 KB20_PH4A_1172.0073.001.001.20 KB20_PH4A_1173.0074.001.002.08 KB20_PH4A_1183.0084.001.001.52 KB20_PH4A_11102.00103.001.0018.50 KB20_PH4A_11120.00121.001.002.99 KB20_PH4A_11133.00134.001.001.75