African Gold Group Strengthens Management Team and Provides Project Update

TORONTO, May 01, 2018 (GLOBE NEWSWIRE) -- African Gold Group Inc. (TSX-V:AGG) (“AGG” or the “Company”) is pleased to announce the corporate and project updates set out below.

The Company has appointed Mr. Malcolm Campbell as President and Chief Operating Officer (“COO”), effective immediately. 

Mr. Campbell is a Professional Certified Mining Engineer.  Mr. Campbell has 30 years extensive exploration and mining project experience across Africa, and spent more than 20 years with Anglo American plc. Prior to joining the Company, Mr. Campbell was Chief Executive Officer of Buffalo Coal Corp., and currently acts as COO of Trigon Metals Inc.

Mr. Campbell received his B.Sc. in Mining Engineering from the University of Witwatersrand in 1985 and is currently a member of the South African Institute of Mining and Metallurgy and the South African Colliery Managers. Mr. Campbell has also completed a number of career enhancing courses at globally recognised institutions in both the engineering and business fields.

AGG further announces that it has appointed Mr. Andrew Cheatle as Vice President, Exploration, effective immediately.

Mr. Cheatle is a mining industry executive and professional geoscientist with over 25 years of domestic and international experience encompassing both the senior and junior mining sectors.  He is a graduate of the Royal School of Mines, Imperial College, London, and has been involved with building teams that have consistently delivered shareholder value through the discovery and development of multi-million ounce gold deposits.

Mr. Cheatle was previously the CEO of the Prospectors and Developers Association of Canada and is currently also a non-executive director of Condor Gold plc, a TSX and AIM listed mining company, with multi-million ounce gold projects.

Mr. Theron commented: “The Board of AGG is pleased to welcome Malcolm and Andrew to our team. Both have extensive project exploration and development experience and bring valuable expertise to the Company.  We look forward to accelerating our exploration strategy under Malcolm and Andrew’s guidance."

About African Gold Group Inc.

African Gold Group is a Canadian exploration and development company with its focus on West Africa. African Gold Group is focused on the development of the Kobada Gold Project in Mali, a low capital and operating cost gold project with potential to produce more than 50,000 ounces of gold per annum, and the early stage Madougou Gold Project in Burkino Faso. For more information regarding African Gold Group visit our website at www.africangoldgroup.com.
For further information, contact:

Stephan Theron
Chief Executive Officer
+1 (416) 861 5904
stheron@africangoldgroup.com

Cautionary Notes Re Forward-Looking 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 impact of the appointments on the Company, the Company’s plans for developing its properties and the receipt of any required regulatory approvals. 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 the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: the impact of the appointments on the Company, 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.