AGG African Gold Group Inc

African Gold Group, Inc. ("AGG" or the "Company") (TSX VENTURE:AGG) is pleased
to report on the progress of its Kobada feasibility study, as well as a recent
initiative by the Malian Government to curtail illegal mining activities during
the rainy season.


GOVERNMENT ACTION

On June 6, 2014, the Malian Government announced that an Inter-Ministerial Order
had been issued empowering local and regional Malian authorities to take
immediate action in order to curtail illegal mining activity during the rainy
season. The objective of the Malian Government was primarily to ensure that
there is sufficient agricultural activity to allow for a sustainable food
supply. Agricultural activities can suffer labor shortages during periods of
high artisanal mining activity. A secondary, but no less important motivation,
was to reduce the risk associated with illegal mining activities during a period
when the ground is soaked with rain and unstable which can make for a
treacherous working environment for artisanal workers and foster conditions
ideal for the spread of disease.


RECENT EVENTS AT KOBADA

A characteristic of the Kobada Gold Project is the substantial extent of gravity
recoverable coarse gold mineralization close to the ground surface. Illegal
miners have coveted the Kobada Gold Project as a highly profitable target for
their illegal activities. Last week, the Malian Gendarmerie's intervened with a
mandate to implement the Inter-Ministerial Order and protect the Kobada Project
from illegal mining. Sadly, this intervention resulted in violence between the
government forces and the illegal miners, resulting in the death of one Gendarme
and injuries to several other people.


Company employees and contractors safely evacuated and have since returned to
Kobada, but the Company's pilot plant, drill equipment and exploration camp,
were damaged.


The Malian Government has confirmed its support to the Company and immediate
action is being taken to allow for the continuation of the feasibility work in a
safe environment. 


Officials representing the Canadian Embassy in Mali have been most helpful in
providing the Company with advice and support and have intervened at the highest
levels of Government on the Company's behalf, for which we are most appreciative
and thankful. 


IMPACT ON THE KOBADA FEASIBILITY STUDY

The current work at Kobada was primarily focused on the collection of a bulk
sample for further metallurgical test work. Fortunately, most of this work had
been completed and the Company anticipates that samples of Lateritic and
Saprolitic ore will be air freighted to Australia next week. Material damages
will be evaluated but at this time, are not expected to seriously impact the
ongoing work. 


The Company remains confident that the results of the Kobada Feasibility Study
will be delivered prior to the end of 2014.


The Company advises that the Malian Gendarmerie continues with their
investigation at Kobada, as well as arresting the instigators of the violence. 


About African Gold Group

African Gold Group is a Canadian exploration and development company with a
strong focus on West Africa. African Gold Group is positioned to grow in value
as it progresses its Kobada Gold Project through a feasibility study,
development and into production. For more information regarding African Gold
Group visit our website at www.africangoldgroup.com.


On Behalf of the Board:

Declan Franzmann, President and CEO

Neither the 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.


This press release includes certain "Forward-Looking Statements." All
statements, other than statements of historical fact included herein, including
without limitation, statements regarding future plans and objectives of African
Gold Group; and statements regarding the ability to develop and achieve
production at Kobada are forward-looking statements that involve various risks
and uncertainties.


There can be no assurance that such statements will prove to be accurate and
actual results and future events could differ materially from those anticipated
in such statements. Important factors that could cause actual results to differ
materially from African Gold Group's expectations have been disclosed under the
heading "Risk Factors" and elsewhere in African Gold Group's documents filed
from time-to-time with the TSX Venture Exchange and other regulatory
authorities. African Gold Group disclaims any intention or obligation to update
or revise any forward looking statements whether resulting from new information,
future events or otherwise, except as required by applicable law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
African Gold Group, Inc.
Michael A. J. Nikiforuk
Executive Director
(647) 288-0453
majn@africangoldgroup.com
www.africangoldgroup.com

African Gold (TSXV:AGG)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024

African Gold (TSXV:AGG)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024