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. Solid lines represent holes drilled to date: https://www.globenewswire.com/NewsRoom/AttachmentNg/6796b561-7462-49fd-b37c-9096078d366dFigure 2: Drill hole KB20_PH4A_12 and 14, confirming mineralisation close to surface and an additional newly discovered mineralised zone: https://www.globenewswire.com/NewsRoom/AttachmentNg/8ecf4a3a-aa16-46dd-883b-5d3814760833About 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. © 2020 Verizon Media. Subscribe to Premium to view Fair Value for AGGFF, TORONTO, Dec. 08, 2020 (GLOBE NEWSWIRE) -- African Gold Group, Inc. (TSX-V: AGG) (“AGG” or the “Company”) is pleased to provide an update on the ongoing drilling campaign at its flagship Kobada Gold Project in Southern Mali. 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. African Gold Group Announces a $5 Million Private Placement November 21, 2019 African Gold Group Intersects 0.95 g/t Gold Over 44 Metres Including … Interactive chart for AFRICAN GOLD GROUP INC. (AGG.V) – analyse all of the data with a huge range of indicators. To date, the Company has only drilled approximately 8% of the identified shear zones on the property, and this current drilling campaign is targeting highly prospective extensions to strike length, and conversion of inferred oxides to measured and indicated ounces. Discover new investment ideas by accessing unbiased, in-depth investment research, Other OTC - Other OTC Delayed Price. The Company is primarily focused on the development of the Kobada Gold Project in Southern Mali, a low capital and low operating cost gold project with the potential to produce more than 100,000 ounces of gold per annum. Drilling highlights include: ○ 1.09 g/t Au over 43.50 m from 111.0 m to 154.50 m (Drill hole KB20_PH4A_12) ▪ Including 9.10 g/t Au over 1.0 m, 9.93 g/t Au over 1.0 m and 9.39 g/t Au over 1.0 m○ 1.16 g/t Au over 17.0 m from 53.0 to 70.0 m (Drill hole KB20_PH4A_14)▪ Including 9.07 g/t Au over 1.0 m○ 4.86 g/t Au over 17.0 m from 64.0 to 81.0 m (Drill hole KB20_PH4A_16)▪ Including 46.10 g/t Au over 1.0 m * The boundary between the oxidised lithologies and the unaltered (sulphide) lithologies are being intersected consistently at deeper levels and are conducive to adding more volume to the inferred mineral resource. Box 71
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. info@africangoldgroup.com, Updated: 2020-12-18 - 12:00:59 | Symbol: TSX-V: AGG. 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. 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_12Kobada Main Shear93.00102.009.000.3394.0095.001.001.18 KB20_PH4A_12 111.00154.5043.501.09111.00112.001.004.64 KB20_PH4A_12 114.00115.001.009.10 KB20_PH4A_12 136.00137.001.001.47 KB20_PH4A_12 137.00138.001.009.93 KB20_PH4A_12 141.00142.001.001.48 KB20_PH4A_12 143.00144.001.001.38 KB20_PH4A_12 146.00147.001.009.39 KB20_PH4A_12 150.00151.501.501.73 KB20_PH4A_12 169.50174.505.000.43172.50173.501.001.39 KB20_PH4A_12 190.00192.802.800.46 KB20_PH4A_13 74.2082.007.800.20 KB20_PH4A_13 94.65107.2012.550.8797.0098.501.504.58 KB20_PH4A_13 104.50105.501.002.83 KB20_PH4A_13 118.00123.505.500.35 KB20_PH4A_13 129.00132.603.600.53129.00130.001.001.29 KB20_PH4A_13 142.50144.001.500.76 KB20_PH4A_14 53.0070.0017.001.1653.0054.001.002.82 KB20_PH4A_14 58.0059.001.009.07 KB20_PH4A_14 69.0070.001.006.22 KB20_PH4A_16 12.0015.003.000.6312.0013.001.001.25 KB20_PH4A_16 31.0042.0011.000.5741.0042.001.004.37 KB20_PH4A_16 64.0081.0017.004.8669.0070.001.0046.10 KB20_PH4A_16 70.0071.001.0032.70 KB20_PH4A_16 162.00165.003.000.90162.78163.700.922.31 Cumulative Mineralization WidthsBHIDCumulative Mineralization Width (m)Mean Grade (g/t) KB20_PH4A_1260.300.89 KB20_PH4A_1330.950.57 KB20_PH4A_1424.000.97 KB20_PH4A_1634.002.75 Significant Intersections (above 1 g/t Au) BHIDFromToIntersection Length (m)Au_Final (g/t) KB20_PH4A_1294.0095.001.001.18 KB20_PH4A_12111.00112.001.004.64 KB20_PH4A_12114.00115.001.009.10 KB20_PH4A_12136.00137.001.001.47 KB20_PH4A_12137.00138.001.009.93 KB20_PH4A_12141.00142.001.001.48 KB20_PH4A_12143.00144.001.001.38 KB20_PH4A_12146.00147.001.009.39 KB20_PH4A_12150.00151.501.501.73 KB20_PH4A_12172.50173.501.001.39 KB20_PH4A_1397.0098.501.504.58 KB20_PH4A_13104.50105.501.002.83 KB20_PH4A_13129.00130.001.001.29 KB20_PH4A_1453.0054.001.002.82 KB20_PH4A_1458.0059.001.009.07 KB20_PH4A_1469.0070.001.006.22 KB20_PH4A_1612.0013.001.001.25 KB20_PH4A_1641.0042.001.004.37 KB20_PH4A_1669.0070.001.0046.10 KB20_PH4A_1670.0071.001.0032.70 KB20_PH4A_16162.78163.700.922.31. 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