African Gold Group, Inc., Multi-Phase Work Program Focused on Surpassing 1,000,000 oz Gold Threshold has Commenced at Kobada, Mali

TORONTO, CANADA, January 20, 2010 - African Gold Group, Inc., ("AGG" or the "Company") is pleased to report that a multi-phase exploration and development program has commenced at Kobada, Mali. The primary goal of the program will be to surpass the 1,000,000 oz gold threshold within "Zone 1" of the Kobada deposit. "Zone 1" measures 1.2 km in strike length, representing 10% of the 12 km anomalous Kobada trend.

The Company is pleased to advise that it has engaged the services of an internationally renowned consulting group, Scott Wilson Roscoe Postle Associates ("Scott Wilson RPA"), to assist AGG in achieving the following corporate objectives associated with this multi-phase program:

• A consolidation and review of 100% of all the exploration data associated with the Kobada gold project;

• the completion of a current resource estimate, that meets the standards set out in NI 43-101, that includes upper oxide material omitted from the initial resource estimate published in May 2008, by Watts, Griffis & McOuat (see AGG Press Release dated Sept. 23, 2009);

• Planning and implementation of an exploration/development program that will include both diamond and RC drilling that is intended to support the revised 43-101 resource estimate and where logical upgrade the current resource estimate from the Inferred category to the Indicated category;

• To prepare a Scoping Study that will meet the requirements of a Preliminary Assessment under NI 43-101 regulations. Scott Wilson RPA will utilize the updated resource estimate as the basis for preparing this study.

Technical Team Arrives At Kobada

A contingent of technical personnel arrived on site at Kobada on January 17, 2010 to commence with all preliminary work, including the location and preparation of all drill pads.

Airborne Geophysical Survey

The Company is pleased to advise that it has retained the services of Xcalibur Airborne Geophysical, a South African company that specializes in ultra-high resolution airborne surveys to conduct a geophysical airborne survey over the entire 216 sq km contained within the 4 contiguous AGG concessions that comprise the greater "Kobada Gold Project". Xcalibur collects data at lower ground clearances (10m to 40m) than what is commonly used in the airborne geophysics industry (80m to 100m). The data quality and resolution improves exponentially when reducing flight altitude providing geologists with significantly more detailed information for planning future exploration programs.

The total flight distance of the survey will consist of approximately 4,700 line-kilometres flown on 50 metre flight line spacing. The fixed wing aircraft employs horizontal gradiometer (wing-tip) systems on a dual turbine Islander. This platform type is safely capable of maintaining a nominal survey height of 30 m above hazard level as measured with radar altimeter. Experience has shown this height is achievable for surveys in Mali, given the nature of the vegetation and topography.

The survey will use the known resource at "Zone 1" as a control. The airborne geophysical data will be used to identify extensions of known structures which will assist in selecting drill targets for the pending drill program, as well as, to identify and prioritize other target areas for future exploration.

AGG has retained Paterson, Grant & Watson Limited ("PGW"), headquartered in Toronto, Canada, ("PGW") as project manager of the airborne geophysical survey. PGW has been furnishing technical excellence in the planning, supervision, processing and interpretation of a wide variety of geophysical surveys, since 1973.

The survey is anticipated to commence on or about Feb 10, 2010. Data collection will be completed in approximately 10 calendar days and the processed results will be available for interpretation 20 working days after completion of the last flight.

Drilling Set To Commence

AGG is pleased to advise that it has retained the services of West African Drilling Services ("WADS") to facilitate the diamond and RC drilling that will be associated with this work program. It is anticipated that drilling will commence on or about February 15, 2010 and that this phase of the program will approximate 10,000 meters of drilling. Scott Wilson RPA will assist in the planning and implementation of this program with their senior geologist proposing recommendations for drilling, including the amount of diamond drilling as well as RC drilling. The planning phase of this initiative is underway and at this juncture it is perceived that a significant amount of drilling will be within "Zone 1" with step-out holes immediately along strike of "Zone 1", predominantly to the north. As stated previously, drill data from this portion of the program will be utilized to support a revised 43-101 resource estimate.

Scoping Study

The multi-phase program that is underway is intended to culminate with Scott Wilson RPA preparing a Scoping Study that will meet the requirements of a Preliminary Assessment under NI 43-101 regulations. The revised 43-101 resource estimate will be utilized in the preparation of this report. The parameters to be investigated, that will comprise the report, will include: mining, metallurgy and process, infrastructure, environment, manpower, current life of mine plan (based on current resources) and project execution plan.

Asankrangwa Holdings, Ghana

The Company is pleased to advise that it is currently engaged in formulating an exploration strategy that is intended to create shareholder value and advance the Asankrangwa Holdings from its current state. AGG's Asankrangwa Holdings represent a 456 sq km footprint, comprised of five contiguous concessions, of which the Assuowunu concession, located in the north-west quadrant of the region, is on strike and contiguous with Keegan Resource's 3.5 million ounce Esaase gold deposit. The Company is confident that work will commence at Asankrangwa within the first quarter of 2010.

African Gold Group, Inc., based in Toronto, Canada, is engaged in the identification, acquisition and exploration of prospective gold projects that are situated along significant gold trends within West Africa. To date, the Company controls a total of twelve gold concessions that are consolidated in five distinct standalone exploration projects, of which three projects are located in Ghana and the remaining two are located in Mali, West Africa.

Additional Information is available on the Company's website at www.africangoldgroup.com and on www.sedar.com and through the Company's offices at: BCE Place, Canada Trust Tower, 27th Floor, 161 Bay Street, Toronto, Canada M5J 2S1

On Behalf of the Board:

Michael A. J. Nikiforuk

President, Director

FOR FURTHER INFORMATION PLEASE CONTACT:

African Gold Group, Inc.
Michael A. J. Nikiforuk
(416) 572-2225
info@africangoldgroup.com

Please be advised that a permanent link to the Canadian Insider Activity for African Gold Group is now in the Link Library

Sincerely,

Agoracom IR

Please click on the following link to read John Embry's latest thoughts on the effects of the U.S. Bailout Plan on the Gold market.

Sincerely,

AGORACOM IR

Fortunately, we now have Google Trends. Google Trends analyzes how many searches have been done for a specific term, relative to the total number of searches for that specific term over time. In this case, I wanted to see the search trend for “AGORACOM” in the United States.

Click here to read the AGORACOM Blog.

Regards,

AGORACOM Investor Relations

In an effort to keep you up to date on all pertinent information regarding precious metals, please see the attached article by Mark O`Byrne, Precious Metals Analyst titled, Institutional and Retail Demand to Create "Perfect Storm" for Gold and Silver Prices.

Both technically and fundamentally gold is looking as good as it has ever done and prices are set to surge in the coming months. Informed speculation is that once the election is over on November 4th we will see fireworks in these markets and a price surge akin to that seen in the late 1970s. In the four years after the election of Jimmy Carter, gold surged by more than 700% and given the confluence of even more bullish factors in this election year, we are likely to see a similar price surge.

Gold Investments Market Update - Institutional and Retail Demand to Create "Perfect Storm" for Gold and Silver Prices

By Mark O`Byrne

Precious metals analyst

Mark O`Byrne

29 September 2008 @ 08:43 am EST

Gold and silver rose slightly Friday (gold closed at $881.20 up $6.80 while silver closed at $13.38 up 19 cents). They were thus higher (gold by 2% and silver by 8%) for a second consecutive week which is very bullish from a technical basis and with momentum and the trend now up it looks like the sell off is over and we should reach $1,000/oz in the coming weeks.

Please click here to view the article in its entirety.

Regards,

AGORACOM Investor Relations

In an effort to keep you up to date on all pertinent information regarding the resource sector and more specifically gold bullion, please see the attached AGORACOM Blog.

Bloomberg - Gold May Hit $950 As Central Banks and Miners Hold Back Sales. Grandich Pegs It Again

September 17th, 2008

Gold is up $64 to $844 as of 12:15 PM EST. I could end this post here and that one sentence could be the entire story.

However, like a good infomercial, “there is more!” Specifically, Bloomberg is running a story that gold may hit $950 by the end of the year “as central banks and miners hold back sales and investors buy the metal as a haven against falling stock prices.”

The good news for gold bugs is that a $950 price isn’t tethered to simply a shaky stock market. Otherwise, a market turnaround on its own could quell the gold rush.

Click here to read the Blog in its entirety.

Regards,

AGORACOM Investor Relations

In an effort to keep you up to date on all pertinent information regarding the resource sector and more specifically the supply demand fundamentals of gold bullion, please see the attached article titled, “Gold only tarnished on the outside and will regain ground in the year ahead” courtesy of Mineweb.

"Negative interest rates and systemic risks in the financial sector, the credit crunch are all making many fixed income assets, equities, and real estate a risky proposition," he said. "As such, investors could well start building their gold positions again given other asset classes have lots of risk associated with them and only limited upside."

In his analysis, Melek blamed "interference from U.S. regulators and anti-market speech-making coming from legislators of every political stripe" for "sapping investor interest away from commodities."

Gold only tarnished on the outside and will regain ground in the year ahead

While the surging dollar, U.S. regulators, and hedge fund woes have derailed gold, BMO Capital Markets’ Bart Melek asserts gold is “only tarnished on the outside,” and that the metal will regain ground in 2008-09.

Author: Dorothy Kosich
Posted: Tuesday , 16 Sep 2008

RENO, NV -

In a "Commodity Comment" released the Monday that Wall Street experienced its worst day in seven years, BMO Capital Markets suggested "that the gold market may be oversold, but it is not clear if a rally is imminent given the current financial and foreign exchange environment."

BMO Global Commodity Strategist Bart Melek summed it up succinctly: "Things are not ‘adding up', i.e. markets are not behaving in a consistent manner."

Despite the turmoil, Melek advised that gold will regain its ground into 2009.

Click here to read the article in its entirety.

Regards,

AGORACOM Investor Relations

The prospect of new Central Bank sales of gold to try and contribute to dollar stabilisation is likely to be under consideration. Will this happen, and, if it does, what will be the likely effect on the gold market?

Author: Lawrence Williams
Posted: Thursday , 17 Jul 2008

LONDON -

Following various pronouncements in Washington and elsewhere there seems little doubt that moves are being discussed to try and halt the greenback's seemingly ever-spiralling downturn now that the Fed is beginning to concern itself with inflation. This may just mean US interventions in the markets to buy dollars, but could also be the prelude to some concerted sales of gold into the market as higher gold prices are themselves seen as an indication of dollar devaluation (which indeed they are) and so the feeling among some Central Bankers is that a gold sell-off will in turn help stabilise the dollar.

This may well occur. Be warned. There are enough gold disbelievers in the sector to make it happen. But one suspects it will be of little use in the medium to long term. The U.S.'s economic malaise cannot be halted by selling the best indicator out there of dollar weakness. The weakness goes far deeper structurally into the American dream which up until the second half of last year had been boosted by virtually unlimited credit, a significant proportion of which was being taken up by those who could least afford to repay it in a downturn. Unfortunately the American dream has de facto become a global dream as the world's economic powerhouse has aggressively exported its ideas of capitalism (behind the smokescreen of democracy) all around the world - sometimes by force where it has seen its economic interests and security threatened.

The banking and investment sector - particularly the former - has to take a huge amount of responsibility for what has occurred. Traditionally an ultra-cautious sector, this caution seems to have been thrown to the winds in the name of ever increasing profits as enormous sums of money are moved around and where even a fraction of a percentage turn on which is worth billions of dollars. Perhaps the problem is that investment banking these days is largely populated by the young and overly-aggressive, dazzled by riches beyond belief and corresponding greed, with corporate bonuses running into sums which seem to exceed the GDP of some countries! Most of all they are those who have no prior experience of a really serious downturn.

The culture is alarming to the person in the street who only earns a tiny fraction of the kinds of sums available to those with few scruples and mega incomes and who may look down with disdain on those who have not selected careers which can generate such extremes of wealth.

Perhaps this is a little unfair and is only painting a picture of the extremes in the sector. There are still plenty of traditional conservative bankers around who are probably just as horrified at some of those they have to rub shoulders with and whose warnings have gone unheeded. They are taking command now and some of their cautions in dealings with fellow banks are perhaps at the root of the credit crunch which means that almost all risk elements have to be removed before loans - corporate and personal - are approved.

But there is still a debt mountain out there and credit card issuers have to be the next area where some financial collapses have to be on the cards as more and more individuals default on credit card debts - a worrying parallel with the mortgage defaulters who have dominated the analyses so far and who have precipitated runs on banks and savings and loans (building societies to us Brits).

But we digress. Will the bankers sell gold to try and reverse the dollar slide? And if they do will it make any serious difference to the gold price, or the dollar, anyway? Short term negative gold price impacts may result, but overall the fundamentals behind the dollar weakness cannot be undone by such an artificial procedure. Indeed if such sales are made openly, and the gold price is not significantly affected, which has to be a possibility, then the dollar may be seen as being even weaker still.

What is likely to be the dollar saviour in terms of currencies like the Euro and perhaps the Yen, is that the US has very successfully exported many of the problems it is currently facing to the Euro zone and elsewhere and only now is the true impact of the financial crisis in these areas beginning to sink in. We are seeing housing price collapses in some European countries - the trigger behind the US downturn - and as the US economy begins to stabilise, which it probably will, the downturn is beginning to get under way elsewhere and other economies will weaken. That may be what truly halts the dollar slide.

Another factor which could impact the dollar positively, and gold negatively, is a bursting of the oil price bubble. Gold has moved up with the oil price and it may move down with it too until it eventually is likely to decouple and find its own way. This has already been seen in the past couple of days and something we warned about here only a couple of weeks ago. See: Is gold too low compared with oil - or is it that oil is just too high?

Although Paul Walker of GFMS recently told Moneyweb/Mineweb his research group is not seeing a decline in gold production worldwide, it is not seeing an increase either which would seem strange given the big rise in the gold price over the last few years. Indeed it would appear that the gold mining sector is facing difficult times and if the returns are not there we are going to see production decline anyway. It's a fine balance between price and production and with bankers being over-cautious with their loans we are certainly going to see a number of what would have seemed to be probable new gold mine developments and expansions curtailed, deferred or postponed indefinitely.

This alone would help mitigate the impact of any Central Bank sales, while the investment take-up of physical gold through ETFs has become an almost overnight phenomenon. It is again becoming respectable (and much easier) to hold a direct investment in gold bullion and with more and more institutions beginning to recognise the value of holding gold as part of a balanced portfolio there is likely to continue to be growth in this sector of the market.

So, should Central Banks sell gold to try and help stabilise the dollar, apart from some short term dips around the gold sales themselves, it is likely the markets will absorb whatever is thrown at them. This would be either through a decline in production and continuing increasing investment demand, not to mention some likely purchases by some central banks which a) believe in gold and b) feel they need to hold more of their foreign exchange reserves in some currency other than the US dollar - and in this respect gold definitely counts as a currency.

While there may be a negative impact in that gold might not move upwards as fast as some would predict, longer term fundamentals look good for gold and with economic instability likely to continue for some time one has to remain positive on the price.

Alfred Wirth comments on African Gold Group, Inc.

------------------------------------...

Dear Shareholders and Investors:

Alfred Wirth, President of Wirth Associates, highlighted African Gold Group, Inc. (TSX-V: "AGG") in a recent interview with Streetwise Reports. In the interview, Mr. Wirth explains why he thinks the gold bull market could easily run for another ten years and looks at those nasty corrections as just another opportunity to snag some real bargains.

As the chief investment officer for Sun Life, United Funds, and Crown Life, Alfred Wirth developed an enviable track record managing investments for multi-billion dollar corporations. As president of Wirth Associates Inc., which he founded, he now manages private portfolios for high-net-worth individuals.

To see the entire interview click here: http://www.theaureport.com/pub/na/1405

Regards,

Michael Nikiforuk

President

Mr. Wirth's Comments:

AW: Another smaller, less diversified but very interesting play is African Gold Group, Inc. (AGG.V). They're in two African nations, Mali and Ghana both of which have raised some political concerns in the past. But I've recently met some of their government resource people, and believe that they want the employment and foreign exchange that new commercial mines bring. Historically these properties have been operated by locals with pick-and-shovel. It's an interesting speculation, which if things go very well, will trade at $5.00 in three to five years-up from under $1.00 now. If things go badly, you could lose 1/2 or ¾ of your investment. But you don't need to buy a lot when the potential returns could be a quintuple. You don't need a big exposure to get a meaningful return.

To see the entire interview click here: http://www.theaureport.com/pub/na/1405

Sincerely,

AGORACOM

The Mineral Resources estimate was completed by Watts, Griffis and McOuat Limited of Toronto (“WGM”), a well respected international consulting firm which has filled the role of AGG’s independent consultant since December, 2007.

In summary, WGM estimates that “Zone 1” of the Kobada deposit, representing approximately 10% of the overall Kobada Trend, as presently outlined, contains an Inferred Mineral Resource of between 450,000 ounces of gold and 740,000 ounces of gold as follows:

The complete report is available for public viewing at:

http://www.sedar.com/DisplayCompanyD...

African Gold Group, Inc., based in Toronto, Canada, is engaged in the identification, acquisition and exploration of prospective gold projects that are situated along significant gold trends within West Africa. To date, the Company controls a total of twelve gold concessions that are consolidated in five distinct standalone exploration projects, of which three projects are located in Ghana and the remaining two are located in Mali, West Africa.

Additional Information is available on the Company's website at www.africangoldgroup.com and on www.sedar.com and through the Company's offices at: BCE Place, Canada Trust Tower, 27^th Floor, 161 Bay Street, Toronto, Canada M5J 2S1

On Behalf of the Board:

Michael A. J. Nikiforuk

President, Director

FOR FURTHER INFORMATION PLEASE CONTACT:

African Gold Group, Inc.

Michael A. J. Nikiforuk

(416) 572-2225

info@africangoldgroup.com

About Agoracom­­­­­­­&...

For all African Gold Group investor relations needs, investors are asked to visit the African Gold IR Hub at http://www.agoracom.com/IR/africangold where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to agg@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

Dear CIGAs,

Nothing happens by chance! Please consider the following:

An excerpt from the below Reuters article:

"Small and medium-sized miners and juniors who are still in the exploration stage, are the easiest targets for bigger companies, but the acquisitions wave won't likely stop there, THEY SAID.”

Why is it that amongst companies active in minerals, it is primarily and almost only precious metals shares that are under severe selling pressure?

Why is it that companies active in other mined products or co-products as below have their shares in major demand?

Did gold not rise from $248 to a high of $1033, yet even then the hammer was being applied to gold shares, especially those that hold the potential and promise of new production, as production declines?

Is there not a glaring example of a mined product in the form of potash this week? Did not an IPO in a mining company specializing in potash used as a fertilizer open up above its issue price by 58%?

Chemically, potash consists of potassium carbonate, but also might contain potassium oxide or potassium chloride, depending on how pure you consider the mixture. Usually, potash takes the form of powdery salts. Modern methods of extraction almost all rely upon deposits mined from ores, like sylvanite.

Nowadays our potash comes from mining and goes toward inorganic fertilizer rich in potassium.

Why are other mining entities acting so well, especially those with the following significant products:

• Antimony
• Beryllium
• Cadmium
• Chromium
• Cobalt
• Manganese
• PGMs
• Rhodium
• Tungsten
• Vanadium

How about simple iron ore and all those involved in all the criteria of exploration and development of crude oil? That is an extractive industry as is precious metals mining.

Your answer may be that gold is different but it is not. You might say others think that gold has topped, but it hasn’t.

The stimulants economically are the same for potash, iron ore and the other items listed above as it is for gold. It is the growth in Asia, the consequences of the effort to maintain the social order as the financial order implodes, and the condition of the US dollar.

Nothing happens by chance but for argument sake lets call it an opportunity to be seized. Many junior gold companies are so depressed that they are worth more dead than alive.

Gold and other metals shares are depressed so that they are selling well below their “Asset Vale.”

Asset Value is something that 3.7 generations have not taken into consideration where price is concerned. You may recall that I suggested to you that one major company would consolidate the industry. Keep that concept in mind. Major gold producers are in need of new production. This is FACT.

South African companies are in need of major projects OUTSIDE of the RSA. For the RSA gold producer there is no expansion of reserves in RSA because, even if they have it, they cannot produce it as the energy situation is already stressed beyond demand. This is a long-term problem unfortunately.

The major consolidator of the Gold mining industry may have gotten too greedy in waiting for future reserve properties to become ever cheaper and cheaper for acquisition or joint venture.

The game being played by design or serendipity is to depress the juniors or to take advantage of the decline in the juniors as a result of the poor share price action through starving the junior or explorer of financing.

Depressing the price of the shares of most junior situations results in starving precious metals juniors of financing and their shareholders would be ripe for a bid for the company at a price much lower then their highs when gold was at $600. It may also make the smaller company eager to make deals at less than advantageous conditions for their investors.

The key here is that the gold producing industry is in need of new resources as present resources are depleting. That is fact about which there is no question whatsoever.

It is much cheaper to pick up a property or entire company in a financially stressed condition because it cannot publicly finance for continued operation.

Let’s call the situation the taking advantage of a serendipitous development. To others it looks like the consolidators are holding a smoking gun. The weakness in this strategy is the advent of new competition for minerals internationally, primarily from Asia and the Middle East.

The Saudis and the Chinese are actively looking for mineral prospects from industrial to precious metals, from strategic metals and material to rare earths and beach sands, having publicly said so at top executive levels.

The major industry consolidators now have competition from companies with more liquidity and NO need for debt to take any property to production.

The advent of this new competition may well trump the western companies some feel are holding the smoking guns.

This competition from Asia and the Middle East may accelerate the consolidator, whose timing is a greed driven desire to get properties so cheap they might be considered free, to move sooner than later.

To call attention to the factual nature of this analysis please read the following article posted here April 11th this year regarding the stated interest of a major Chinese company given publicly at a recent professional mining conference and quoted therein.

Please note the all-important statement given by a top executive of the Chinese company:

"Small and medium-sized miners and juniors who are still in the exploration stage, are the easiest targets for bigger companies, but the acquisitions wave won't likely stop there, THEY SAID."

Click here to view the full article

http://www.africangoldgroup.com/i/pd...

Sincerely,

AGORACOM

Click here for Link to Assay Table

Please activate link to view map showing trench locations, trench intercepts, diamond drill hole collars and their relative location to the artisanal pit.

http://media3.marketwire.com/docs/af...

The Company announced its acquisition of the Manso Atwere concession on October 25, 2007. The 7.2 sq km concession represents the fifth distinct contiguous concession that comprises AGG's 456.2 sq km consolidated land holdings in the northern Asankrangwa gold belt. Much of the gold that has contributed to the wealth of the famous Ashanti Kingdom, over centuries, has come from this region (http://www.ashanti.com.au/).

More recently, this region has been the subject of extensive conventional mining and includes the recent discovery of Keegan Resource's Esaase gold deposit, which is contiguous with AGG's Assuowunu concession.

The Manso Atwere concession contains an unusually large, recently excavated, open pit that was manually dug by locals with pick and shovel. This pit measures approximately 110 meters in length, approximately 35 meters in width and approximately 35 meters in depth.

It is estimated that approximately 300,000 metric tons of ore has been manually moved from the site of the pit, located on a hilltop, approximately 2 km to the valley floor where there is water for processing the ore. On November 07, 2007, AGG reported the assay results from 52 channel samples that spanned 104 meters of the exposed footwall of the pit as follows:

TABLE 1 CHANNEL SAMPLE ANALYSIS
------------------------------------...
------------------------------------...
Interval with Grade (g Au/t) and
Anomaly sample numbers width of mineralization
------------------------------------...
------------------------------------...
1 J1001-J1004 (0 - 8m) 1.14 g Au/t over 8m
------------------------------------...
2 J1016-J1027 (30 - 52m) 2.36 g Au/t over 22m
------------------------------------...
3 J1047-J1052 (88 -100m) 2.73 g Au/t over 12m

In addition, two grab samples that were collected from the artisanal miner's stock pile of ore, that was ready to be crushed and washed, returned assay values of 10.2 g Au/t for sample J1059 and 20.9 g Au/t for sample J1060. Please activate link to view artisanal open pit. http://media3.marketwire.com/docs/af...

"There is a growing conviction amongst AGG's team that our 456.2 sq km Asankrangwa Holdings represents significant potential for our Company and our shareholders. We hold the dominant land position in the region and are bordered by historical sites of production to the north, south and west of our footprint. Current exploration by Keegan and others continues to demonstrate the growing importance of the region and we applaud their success. Clearly, these trench results represent the most compelling drill targets that AGG has generated in its history. Diamond drilling is currently underway and we remain eager to compare the pending assay results with the internal expectations generated by these drill targets," states AGG President, Michael A. Nikiforuk.

A total of 13 diamond drill holes approximating 2,500 meters, in aggregate, are currently being drilled at Manso Atwere. A bulldozer is currently on site at AGG's Assuowunu concession, contiguous with Keegan's Esaase concession, cutting access roads and drill pads. The diamond drill rig will be moved to Assuowunu in approximately 14 days and commence testing drill targets that are parallel to and contiguous with structures that control mineralization at Keegan's Esaase gold deposit.

SAMPLING AND ANALYSIS

All samples are dried at a temperature of 105oC. The samples are crushed (when necessary) using a jaw crusher to a nominal 2mm then 1.5kg is split using a Jones type riffle splitter. A reject sample is retained in the original bag and stored. The split is finely pulverized in a chrome steel bowl (B2000) to a nominal 90% passing 75um. A 200g sub-sample is taken into a paper craft packet for assay, with the pulverized residue retained in a plastic bag. All preparation equipment is flushed with barren material prior to the commencement of the job and also intermittently in the course of the job. A 50g sample is weighed from the 200g sub-sample, fused with a litharge based flux, cupelled then the prill is dissolved in aqua regia and gold is determined by flame Atomic Absorption Spectrometry (AAS).

Mr. Ben Adoo, C. Eng., AGG Chairman, is the Qualified Person with respect to NI 43-101 at Assankrangwa.

About Agoracom­­­­­­­&...

For all African Gold Group investor relations needs, investors are asked to visit the African Gold IR Hub at http://www.agoracom.com/IR/africangold where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to agg@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

African Gold Group, Inc., based in Toronto, Canada, is engaged in the identification, acquisition and exploration of prospective gold projects that are situated along significant gold trends within West Africa. To date, the Company controls a total of twelve gold concessions that are consolidated in five distinct standalone exploration projects, of which three projects are located in Ghana and the remaining two are located in Mali, West Africa.

Additional Information is available on the Company's website at www.africangoldgroup.com and on www.sedar.com and through the Company's offices at: BCE Place, Canada Trust Tower, 27th Floor, 161 Bay Street, Toronto, Canada M5J 2S1

On Behalf of the Board:

Michael A. J. Nikiforuk, President, Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

For more information, please contact

African Gold Group, Inc.
Michael A. J. Nikiforuk
(416) 572-2225
Email: info@africangoldgroup.com
Website: www.africangoldgroup.com

"We are most encouraged that this program of reconnaissance reverse circulation drilling, on a 400 meter to 800 meter sectional spacing, has identified gold mineralization over 5.5 km of strike length at Kobada, Mali. In particular, we note the very strong degree of gold mineralization intercepted on section L 1200 S. It is reasonable, at this point in time, to perceive this zone of mineralization as the potential extension of "Zone 1". Furthermore, we note the presence of strong mineralization 800 meters to the north of L 1200 S on section L 400 S but will refrain from any conjecture regarding the spatial relationship of this mineralization, at this point in time. The purpose of this program was to intercept extensions or repetitions of Kobada's productive structure to the north and south of "Zone 1" in as cost-effective a manner as possible. We are of the opinion that we have succeeded in demonstrating the pervasive and extensive nature of gold mineralization at Kobada and remain confident that we will build significantly on the recently announced Mineral Resources Estimate for "Zone 1", which represents approximately 10% of the 12 km anomalous Kobada Trend, states AGG Chairman, Ben Adoo, C. Eng.

In a press release dated April 02, 2008, the Company released the initial 43-101 Mineral Resources estimate for Kobada, Mali, which was completed by Watts, Griffis and McOuat Limited of Toronto ("WGM"), a well respected international consulting firm which has filled the role of AGG's independent consultant since December, 2007. WGM estimates that "Zone 1" of the Kobada deposit, representing approximately 10% of the overall Kobada geochemical trend contains an Inferred Mineral Resource, as presently outlined, of between 450,000 ounces of gold and 740,000 ounces of gold as follows:

About Agoracom­­­­­­­­­­­­­­­­­­­­­­­

For all African Gold Group investor relations needs, investors are asked to visit the African Gold IR Hub at http://www.agoracom.com/IR/africangold   where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to agg@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

On Behalf of the Board:

Michael A. J. Nikiforuk, President, Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

For more information, please contact

African Gold Group, Inc.
Michael A. J. Nikiforuk
(416) 572-2225
Email: info@africangoldgroup.com
Website: www.africangoldgroup.com

In our ongoing efforts to provide market information and/or commentary, we are pleased to provide you, with Industry Sector Bulletins discussing current market opinions and/or conditions that affect the price, use and supply & demand of Gold.

AGORACOM Interview: Jim Sinclair Issues $1,000,000 Challenge To All Gold Bears

Good afternoon to you all. The title is neither a mistake, nor a gimmick. Jim Sinclair, whom the NY Times referred to as “perhaps the best-known gold speculator of his era”, has built a legendary reputation for his gold market calls since the 1970’s. For example:

• In the 70’s he predicted that gold would hit a high of $900 (it hit $875)
• Achieved his renown status when he sold 900,000 ounces of gold at an average price of $810 in early 1980, when gold was capping a decade-long bull market that commenced in 1971
• Called for a 15-year bear market in gold (it lasted 21 years)
• Has been a buyer of gold since it hit $250 in 2001
• Predicted that gold would hit a high of $1,650 in this cycle, since 2003.

PYMWYMI - $1,000,000 Challenge

With gold now about 10% of its $1,030 high, gold bears are saying the party is over thanks to a recovering US financial sector. Jim thinks otherwise but rather than wasting time “flapping gums” he is exercising his right to PYMWYMI (Put Your Money Where Your Mouth Is) and challenging any bear to do the same by laying $1,000,000 on the line.

It looks like Jim is specifically hunting for big game by targeting “any party on Bloomberg, CNBC or CNN Business“. I don’t know about you but I personally admire anybody who will man up and lay down that kind of money to back up his words. Right now, Jim Sinclair is the Muhammad Ali of the markets for going beyond plain predictions and providing specific details of his victory.

THE AGORACOM INTERVIEW

After first hearing about the wager on my friend Barry Ritholtz’s blog, I had to know more and decided to call Sinclair directly. We had never met before and he was reluctant at first to conduct any kind of interview, stating “I didn’t do this for publicity, just tell your audience about the wager”. No publicity? Now I couldn’t give up. After 10 minutes, I convinced him that my intent was not to glamorize the bet - but to uncover his reasoning behind his gold call. … I also told him I was 6′4, 240 lbs and had a great working knowledge of Google Maps, so he finally agreed. I interviewed him this morning at 11:00 and discovered this was no conspiracy theory ladened gold bug. He was incredibly well reasoned and even sympathized with Ben Bernanke and his actions, however futile they may be. Yes, the sky is falling but he prefers it wasn’t happening. He isn’t cheering for gold to advance as a result of a crumbling US Dollar but his logic tells him it is simply a consequence of events and policy that started with Alan Greenspan. I could put together a highlight list but it would not do Jim’s words any justice. This is one interview you have to listen to.

Having said that, I will provide you with one provocative morsel:“What else is there to do? If they stepped away right now and let Bear Stearns go broke, the ramifications for the man walking on the street is he should walk straight to the soup kitchen.”

I look forward to your comments.

Regards,
George

Inferred Mineral Resources - "Zone 1" Kobada Project, Mali
------------------------------------...
------------------------------------...
No Assay Cutting Assays Cut to 10 g Au/t
Cut-off Grade Tonnage ------------------------------------...
(g Au/t) (x 1,000) Avg. Grade Contained Avg. Grade Contained
(g Au/t) Ounces (g Au/t) Ounces
------------------------------------...
------------------------------------...
0.3 18,381 1.25 738,080 1.11 657,386
0.5 8,482 1.99 542,804 1.72 470,461
1.0 5,569 3.02 540,933 2.53 452,320
------------------------------------...
------------------------------------...

"We see many reasons to be extremely encouraged by this initial Mineral Resources estimate for "Zone 1" at Kobada. At the most elementary level of analysis, the Inferred Mineral Resources, as illustrated above, was generated from within approximately 10% of the 12 km anomalous Kobada Trend. Clearly, our work to date, as represented by this initial resources estimate, has not defined the scope of our Kobada Gold Project. Our "blue-sky" potential remains very significant. In fact, the deposit is viewed as open in all directions by both AGG and WGM. The model generated by WGM indicates that in many areas the flanks of the existing deposit ("Zone 1") are not presently constrained by drilling and therefore, additional resources are anticipated in such areas. Furthermore, a geo-statistical analysis of the data by WGM indicates that shallow in-fill drilling within the existing 50 meter drill grid will add resources above existing intersections. We are committed to building Kobada beyond the current foundation and have every confidence that we will achieve this objective as we move forward with our exploration and development programs," states AGG President, Michael A. Nikiforuk.

At present, AGG continues to compile assay results from its recently completed reconnaissance scale reverse circulation (RC) drill program that included 110 holes, totaling 9,851 meters over 5.5 kilometers of strike. As stated in the Company's press release dated March 17, 2008 the dissemination of the assay results of the drill program will be published in two separate press releases such that:

- RC exploration holes drilled on 8 lines oriented N30 degrees E, to the north and south of "Zone 1" and drilled on 400 to 800 meter spacing, covering approximately 5.5 kilometers of strike length will be released first. These RC holes are thought to represent the potential strike extension of Kobada "Zone 1" and the Company believes these drill holes should be reviewed within the context of the 43-101 resource estimate for "Zone 1" (see map link below).

- RC exploration holes drilled on 7 lines, oriented North/South (N/S), in the newly discovered Foroko structure, located in the northern segment of the recently acquired, contiguous Foroko concession, will be subsequently released as a separate set of data, given the distinct setting of this structure, relative to Kobada, "Zone 1". Please activate the link to the plan map depicting the location of the RC hole collars: http://www.africangoldgroup.com/i/ma... .

KOBADA - TECHNICAL REVIEW

The Kobada concession comprises 41 km2 of land located in the Kangaba region of Mali. It hosts a soil anomaly greater than 500 ppm arsenic that extends over 12 km of strike length and one kilometre of width that is coincident with extensive historical and current artisanal surface hard rock and placer gold mining activity. Work carried out by the BRGM, La Source and COMINOR (COGEMA) since the early 1980's has comprised surface geochemical and geophysical surveys and some 1,736 meters of AirCore drilling, 13,200 meters of RC drilling and 913.4 meters of diamond drilling. The primary target within the 12 km of strike length has been a 1.2 kilometer zone of extensive artisanal hard rock gold mining activity referred to as "Zone 1".

AGG has most recently carried out diamond drilling programs throughout "Zone 1" consisting of 6 holes (1,033 meters) in 2005 and 99 holes (23,741.7 meters) completed during 2006-07 on profiles with a sectional spacing of approximately 50 meters. Hole-to-hole spacings on section have averaged approximately 50 meters. All drill hole locations have been surveyed and are posted on AGG's website (http://www.africangoldgroup.com/s/Ko... ). The current resource estimate is supported by 18,491 individual assays from this diamond drill hole database.

The current WGM resource estimate is based on drill hole intersections previously released by AGG and found in tables on the Company's website (http://www.africangoldgroup.com/s/Pr... ). WGM visited the Kobada site during December, 2007 and carried out an investigative program of structural mapping as a facet of its constructing the geological model needed to support the Mineral Resources estimate. WGM's check samples were analysed at ALS Chemex laboratory, located in Bamako, the capital of Mali. The WGM samples were subjected to a conventional fire assay procedure using a 50 g charge. Subsequent work by WGM on the samples included analyzing a +/- 150 g sub-sample by screened metallic fire assaying at the SGS laboratory located in Don Mills (Toronto), Canada. This check data has been independently reviewed by WGM and found to be within acceptable variances given the inherent presence of coarse free gold that is known to exist within the deposit.

In consultation with AGG, as well as its own geologists, WGM prepared a 3D geological model for "Zone 1" of the Kobada Gold Deposit and block modeled its Mineral Resources using Gemcom software. Three gold cut-off grades (0.3 g/t, 0.5 g/t and 1.0 g/t) were modeled to investigate the distribution of gold in the deposit and to allow subsequent studies concerning the potential sensitivity of Kobada to the gold price. Diamond drill core was generally sampled on a standard 1.5 m length and assays were composited to this length for geostatistical study. Due to the demonstrated presence of coarse gold in the zone (see news release Feb. 23, 2006), the modest nature of the higher grade population (6 samples exceeded 30 g Au/t with the highest value of 94 g Au/t), the resource estimate was prepared with and without assay capping. WGM used a search radius of 75 meters along strike, 50 meters down dip and 25 meters normal to the plane of the mineralization for the purpose of this initial modeling. A minimum of 2 samples and a maximum of 12 samples (max. 2 from any single hole) were used to assign block grade. Based on WGM's geostatistical evaluation of the assay database, grade continuity weakens when projected more than 25 meters from any control point. WGM used a 2.5 specific gravity factor for its estimate to convert cubic meters to tonnes.

The foregoing Mineral Resources estimates were prepared in accordance with the provisions of National Instrument 43-101 guidelines and the Canadian Institute of Mining and Metallurgy (CIM) standards and guidelines for the estimation of Mineral Resources and Mineral Reserves. Given the 50 meter sectional spacing and average hole-to-hole spacing relative to the short range grade continuity of less than 25 meters, WGM has classified the resources as Inferred. WGM has recommended in-fill drilling as a means of up-grading key areas of the current resources to an Indicated Resource category.

The Inferred Resources are contained within a series of steeply dipping shears and vein-zones that are north-northeast trending. A PowerPoint presentation showing drill hole sections and depicting the general location of gold-bearing zones is found on the AGG website. Gold mineralization is associated with narrow, irregular, high angle quartz veining and disseminated sulphides (arsenopyrite, pyrite and very rare chalcopyrite) in the wall rock and vein selvages.

The mineralized zone is currently outlined over a strike length of 1,200 meters and measures approximately 200 meters wide. It has been drilled to a maximum vertical depth of approximately 200 meters.

Preliminary Petrographic Review

WGM's initial petrographic study of Kobada samples identified native gold in polished thin sections in 5 out of 23 samples. The habit of gold is summarized as (1) inclusions within coarse, subhedral arsenopyrite; (2) grains in the nose of folded quartz veins; and (3) gold associated with supergene Fe-oxides in relatively late, oxidized quartz veinlets. Gold mineralization occurs within a later set of fractures/veinlets that cut broad, early veins at high angles. This work is of practical importance in that it can be used as a guide to future exploration.

Laboratory Analyses and Quality Control

The ALS Chemex Laboratory in Bamako is used as the analytical facility for the Kobada Project. Drill core or reverse circulation (RC) samples are dried and crushed in their totality. A 500 g split of the crushed sample, nominally at 3 mm (depending on the request) is then pulverized to approximately 90% passing 75 µm (200 mesh). The coarse material is retained as crusher reject and stored in its original numbered sample bag. Approximately 200 g of the pulp is retained in a sample packet. A 50 g sample from the packet is analysed for gold by conventional fire assay with an instrumental AAS finish.

The crusher is always cleaned between samples with barren quartz material (wash rock), and the pulverizing bowls are blown clean between every sample and cleaned with wash rock after each fifth sample.

In every group of 24 samples, ALS Chemex provides its internal quality control protocol through the use of (1) one duplicate pulped sample (from reject); (2) one duplicate pulp sample; (3) one industrial standard (reference) sample; and, (4) one blank sample. Due to the inherent problems of producing duplicate samples on site, AGG is not attempting to insert duplicates or other samples into its sample stream, preferring instead to re-analyze selected groups of samples at a later date. AGG internal check sampling has included the use of screened fire assaying to ascertain the reliability of it data. While variances have been detected, as might be expected with a nuggety gold deposit, there has not been sufficient variance to invalidate the project database. This has also been the conclusion arrived at by WGM based on its own check sampling program that used both conventional fire assaying as well as screened fire assaying.

This news release has been reviewed and approved by Al Workman, P.Geo. (Ontario), Vice-President of Watts, Griffis and McOuat Limited. The geotechnical portion of this press release has been reviewed and approved by AGG Chairman, Ben Adoo, C. Eng., a Qualified Person.

African Gold Group, Inc., based in Toronto, Canada, is engaged in the identification, acquisition and exploration of prospective gold projects that are situated along significant gold trends within West Africa. To date, the Company controls a total of twelve gold concessions that are consolidated in five distinct standalone exploration projects, of which three projects are located in Ghana and the remaining two are located in Mali, West Africa.

Additional Information is available on the Company's website at www.africangoldgroup.com and on www.sedar.com and through the Company's offices at:

BCE Place, Canada Trust Tower, 27th Floor, 161 Bay Street, Toronto, Canada M5J 2S1

About Agoracom­­­­­­­&...

On Behalf of the Board:

Michael A. J. Nikiforuk, President, Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

For more information, please contact

African Gold Group, Inc.
Michael A. J. Nikiforuk
(416) 572-2225
Email: info@africangoldgroup.com
Website: www.africangoldgroup.com

African Gold Group, Inc., ("AGG" or the "Company") (TSX VENTURE:AGG)

is pleased to report that the Phase II geochemical surveys at both the Assuowunu and Manso Atwere concessions, located in the Northern Asankrangwa region of Ghana, West Africa, are now completed. The programs commenced in November, 2007 and were carried out by AGG technical personnel through to February, 2008.

A concise overview of the volume of work undertaken on both concessions is presented in Table 1 and Table 2 below:

Please activate the link to the regional map that illustrates the highlighted surveyed areas relative to AGG's total Asankrangwa Holdings. (http://media3.marketwire.com/docs/Asankrangwa.jpg)

AGG's consolidated Asankrangwa land holdings comprise 5 contiguous concessions that collectively encompass 456.2 sq. km of ground, representing 94% of the active exploration ground contained within the Northern Asankrangwa gold belt. A gold-in-soil anomaly that measures 24 kilometers in strike length, oriented in a north-east / south-west (NE/SW) direction, is contained within AGG's consolidated boundaries. This linear anomaly runs parallel to the mapped major structural target(s) currently being drilled by Keegan Resources at its 28 sq. km Esaase concession. A review of Keegan Resource's website indicates that Keegan is projecting the major structural target(s) to trend onto AGG's Assuowunu concession, which is contiguous with the Keegan permit (see map).

DIAMOND DRILLING TO TEST ANOMALOUS STRUCTURES

AGG will publish the results of the geochemical survey described above upon receipt of sample analysis. The Company is moving aggressively to contract for a diamond drill rig and anticipates the Phase I drill program will encompass a total of 5,000 meters. Approximately 2,000 meters will be dedicated to testing multiple structures to a depth of approximately 200 meters downhole in the region of the Dwabosso artisanal pit located at AGG's Manso Atwere concession (see map). Approximately 3,000 meters of core drilling will be dedicated to testing four structural targets within the Company's Assuowunu concession, which lies contiguous and on-strike with Keegan Resource's Esaase concession. One of the four Assuowunu structural targets represents an area of extensive in-situ artisanal mining that extends from AGG ground onto Keegan ground (see map), and the other three structural targets are believed to be contiguous structures that extend from Keegan's Esaase concession onto AGG's Assuowunu concession.

AGG is also pleased to advise that it has contracted Insight Geophysics Inc. to immediately commence with a geophysical survey of the five zones that have been targeted for diamond drilling. This work is expected to support the definition of structural targets for follow-up diamond drilling.

KOBADA, MALI UPDATE

The Company announced on January 17, 2008 that it has retained Watts, Griffis and McOuat Limited ("WGM") to assist the Company with the implementation and execution of its expanded Kobada exploration project, located in Mali, West Africa, as well as assisting with the management of its increasing Asankrangwa, Ghana exploration initiatives. WGM has solid credentials in West Africa, having extensive experience in Ghana, Mali, Burkina Faso and Cote d'Ivoire, as well as having played a key role in managing the exploration that led to the discovery of Sadiola, located in western Mali.

As part of WGM's mandate, the Company is pleased to report that WGM advises it anticipates delivering the final results of the Company's initial 43-101 compliant Mineral Resources estimate for the "Zone 1" in-fill diamond drill program at Kobada, Mali, within approximately 7 days from the date of this release. "Zone 1" measures approximately 1.2 km in strike length, yet only comprises about 10% of the overall Kobada Trend, which is geochemically anomalous in arsenic and gold over a strike of 12 km. The 12 km Kobada Trend has been the subject of extensive historical and current artisanal mining over significant portions of this anomaly.

Accordingly, following the release of the initial 43-101 resource estimate for Kobada, "Zone 1" the Company anticipates finalizing the review and press releasing the results of its recently completed 10,000 meter, reverse circulation (RC) drill campaign. The step-out exploration RC drill hole results will be published in two separate press releases such that:

- Those RC exploration holes drilled on 8 lines oriented N30 degrees E, to the north and south of "Zone 1" that were drilled on 400 to 800 meter spacing and covering approximately 5.5 kilometers of strike length will be released first. These RC holes are thought to represent the potential strike extension of Kobada "Zone 1" and the Company believes these drill holes should be reviewed within the context of the 43-101 resource estimate for "Zone 1" (see map link below).

- Those RC holes drilled on 7 lines, oriented North/South (N/S), in the newly discovered Foroko structure, located in the northern segment of the recently acquired, contiguous Foroko concession, will be subsequently released as a separate set of data, given the distinct setting of this structure, relative to Kobada, "Zone 1" (please activate the link to the plan map depicting the location of the RC hole collars) (http://media3.marketwire.com/docs/Kobada3.jpg).

CORPORATE UPDATE

AGG announced today that it has granted a total of 800,000 incentive stock options (the "Options") to the directors and officers of AGG under its Stock Option Plan. All of the granted Options are exercisable at $1.20 per share and expire five years from the date of grant on March 10, 2008.

All Options granted and any common shares issued upon their due exercise will be subject to a statutory four-month hold. The granting of the Options are subject to regulatory acceptance of applicable filings.

AGORACOM INVESTOR RELATIONS

For all African Gold Group investor relations needs, investors are asked to visit the African Gold IR Hub at http://www.agoracom.com/IR/africangold where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to agg@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

African Gold Group, Inc., based in Toronto, Canada, is engaged in the identification, acquisition and exploration of prospective gold projects that are situated along significant gold trends within West Africa. To date, the Company controls a total of twelve gold concessions that are consolidated in five distinct standalone exploration projects, of which three projects are located in Ghana and the remaining two are located in Mali, West Africa.

Additional Information is available on the Company's website at www.africangoldgroup.com and on www.sedar.com and through the Company's offices at:

BCE Place, Canada Trust Tower, 27th Floor, 161 Bay Street, Toronto, Canada M5J 2S1.

On Behalf of the Board:

Michael A. J. Nikiforuk, President, Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

For more information, please contact

African Gold Group, Inc.
Michael A. J. Nikiforuk
(416) 572-2225
Email: info@africangoldgroup.com
Website: www.africangoldgroup.com

In an effort to keep you up to date on all pertinent information regarding the resource sector, please take a moment to read today’s AGORACOM Blog.

Bear Stearns Is Crashing On News Of Emergency Funding - Gold Firmly Breaks $1,000

Click here to read the blog in its entirety.

Regards,

AGORACOM

Dear Shareholders,

In an effort to keep you up to date on all pertinent information regarding the resource sector, please take a moment to read George's Blog at AOL.

http://blogs.money.aol.ca/bloggers/g...

Agoracom

About Agoracom­­­­­­­­­­­­­­­­­­­­­­­

For all African Gold Group investor relations needs, investors are asked to visit the African Gold IR Hub at http://www.agoracom.com/IR/africangold   where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to agg@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

On Behalf of the Board:

Michael A. J. Nikiforuk, President, Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

For more information, please contact

African Gold Group, Inc.
Michael A. J. Nikiforuk
(416) 572-2225
Email: info@africangoldgroup.com
Website: www.africangoldgroup.com

Click here to register for free admission to the Investors Exchange.

For complete conference details please visit http://www.pdac.ca/pdac/conv/index.html

For further information, please contact us at (416) 572-2252, or via email at  

Office@africangoldgroup.com

On behalf of African Gold Group,

Michael A.J. Nikiforuk
President
African Gold Group

AGG geologists, located on-site at Kobada, have recorded the UTM coordinates of the discovery at 543261 east, 1290951 north. Please click on the link to view the Kobada concession map and the location of the discovery of the gold nugget (http://media3.marketwire.com/docs/Kobada31.jpg ). A review of the map clearly illustrates that the discovery location is a considerable distance from the site of any work undertaken by AGG and speaks to the general prospective nature of the overall Kobada concession.

To view a picture of the 2.7 kilogram gold nugget, please click on the link (http://media3.marketwire.com/docs/agg0226.pdf ). AGG geologists describe the gold nugget as being "local", as witnessed by its irregular shape and the ease with which the nugget fell apart when lifted for weighing. These factors are indicative of the nugget not having travelled very far from its point of origin. It is hypothesized that the gold nugget was weathered out of a quartz-carbonate vein.

"Kobada shares a common characteristic of many established mining districts throughout the West African theater, that being the presence of extensive local artisanal mining. It is this feature or characteristic that has attracted the western miner(s) to the region, to test the depth extent of gold mineralization and in several instances, has resulted in world class mining projects - Syama, Sadiola and Siguri to name a few. The local population have been exploring and mining the Kobada region for hundreds of years and can still find new resources within sight of old workings", states AGG Chairman, Ben Adoo, C. Eng.

It is with great interest that we provide our readers with the following excerpt from a 2001 report entitled "Study on Artisanal and Small Scale Mining in Mali", authored by Seydou Keita, an Artisanal Mining and Environmental Specialist: "Traditional gold mining has been practised in Mali and West Africa for a very long time and has long formed the basis of wealth and power for many empires and kingdoms in the region.

The rich historical and cultural heritage contains many testimonies about the role played by gold in the expansion of these great empires since the 7th century. It is impossible to estimate with precision the amount of gold production during these times. Unlike other countries of the sub-region, gold washing has never been interrupted in Mali. Numerous old records and productions bought by the colonizers, bear evidence to this.

It is also the case in Ghana where gold powder was used as currency in 1471, well before the arrival of the Europeans. It is estimated that from 1471 to 1880, more that 14.4 million ounces, representing more than 443 tons of gold were produced. That was why Ghana was given the name 'Gold Coast' by the first explorers."

African Gold Group, Inc., based in Toronto, Canada, is engaged in the identification, acquisition and exploration of prospective gold projects that are situated along significant gold trends within West Africa. To date, the Company controls a total of twelve gold concessions that are consolidated in five distinct standalone exploration projects, of which three projects are located in Ghana and the remaining two are located in Mali, West Africa.

Additional Information is available on the Company's website at www.africangoldgroup.com and on www.sedar.com and through the Company's offices at: BCE Place, Canada Trust Tower, 27th Floor, 161 Bay Street, Toronto, Canada M5J 2S1

On Behalf of the Board:

Michael A. J. Nikiforuk, President, Director

About Agoracom­­­­­­­­­­­­­­­­­­­­­­­

For all African Gold Group investor relations needs, investors are asked to visit the African Gold IR Hub at http://www.agoracom.com/IR/africangold   where they can post questions and receive answers within the same day, or simply review questions and answers posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to agg@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time. 

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

For more information, please contact

African Gold Group, Inc.

Michael A. J. Nikiforuk

(416) 572-2225

Email: info@africangoldgroup.com

Website: www.africangoldgroup.com

The inclusion of the Foroko and Acoma concessions to AGG's regional land position represents a strategic consolidation of the Company's "footprint" on the eastern flank of the Kobada gold concession. Foroko is contiguous with Kobada's eastern and southern borders and Acoma is contiguous with Kobada and Forokos's eastern borders. Total land holdings in the region have increased from Kobada's 41 sq km to include Foroko's 22 sq km plus Acoma's 153 sq km for a total of 216 sq km, representing a 527% increase in AGG's original holdings. This increase in regional land holdings represents the culmination of a strategic initiative that commenced with the Company's acquisition of the Kobada gold concession in February, 2006. All three concessions are located in the Kangaba region of south western Mali. (Please see the link to the regional map that illustrates the respective concessions and their respective borders).

To view the map please click on the following link: http://www.ccnmatthews.com/docs/locationmapmali1.jpg.

NEW STRUCTURE IDENTIFIED AT FOROKO

In Q4, 2007, AGG technical personnel conducted a general reconnaissance of the northern most section of the Foroko concession that has resulted in the discovery of a previously unidentified structure oriented in a North/South (NS) direction. This newly identified structure is unrelated to the N30 degrees E Kobada Trend and has aptly been named the Foroko Structure. Limited reconnaissance efforts to date indicate this structure extends approximately 1 km N/S within the northern section of the Foroko concession and continues north for an additional 1 km in the north-eastern section of the Kobada concession. The full extent of the Foroko Structure has not been defined, in either direction, at this point in time. On site geo-technical personnel hypothesize that the N30 degrees E Kobada Trend possibly merges with the N/S Foroko Structure on or about section +2100 thru to +2500.

Of potential significance is the fact that the Foroko Structure is coincident with extensive hydrothermal alteration and is the site of very intense ancient artisanal workings that extend for approximately 2 km in length and are, to a large extent, overgrown with local vegetation. Much of the ancient workings involved the mining of the in situ resource, resulting in the creation of underground caves that remain intact and can be accessed up to 50 meters distance underneath the surface duricrust or have collapsed over centuries of time and weathering. The identification of these features, within this newly identified structure, resulted in the decision to drill test the Foroko Structure. A total of 41 RC drill holes were drilled on 8 fences within the boundaries of the Foroko concession, out of the total of 110 RC drill holes announced in the Company's Press Release dated January 10, 2008. (Please see the link to a location map that details the concession borders for Kobada and Foroko and the collars of the RC holes on the Foroko concession.)

To view the map please click on the following link: http://www.ccnmatthews.com/docs/Kobadamap1.jpg.

WATTS, GRIFFIS and McOUAT RETAINED

The Company is pleased to advise that it has retained Watts, Griffis and McOuat Limited ("WGM") to assist the Company with the implementation and execution of its expanded Kobada exploration project, located in Mali, West Africa. In addition, it is anticipated that WGM will also assist the company with the management of its recently expanded Asankrangwa, Ghana exploration initiatives. WGM is a firm of consulting geologists and engineers which has served the international mining community since 1962. WGM has solid credentials in West Africa, having extensive experience in Ghana, Mali, Burkina Faso and Cote d'Ivoire, as well as having played a key role in managing the exploration that led to the discovery of Sadiola, located in western Mali. Due diligence reviews, ore reserve audits and valuation assignments completed in over 120 countries have contributed to the firm's worldwide reputation of excellence.

"Retaining WGM to assist the Company with the exploration and development of its expanding exploration portfolio represents the most efficient and expedient means of addressing AGG's immediate to medium term technical personnel requirements. Efforts to build our technical team internally have proved elusive in this current resource cycle, which is putting enormous demand pressures on available human capital. We are pleased that WGM has been able to assist us in fulfilling our technical personnel requirements in this environment," states AGG President, Michael A. Nikiforuk.

This news release has been reviewed by Mr. Al Workman, P.Geo., Vice-President of Watts, Griffis and McOuat.

African Gold Group, Inc., based in Toronto, Canada, is engaged in the identification, acquisition and exploration of prospective gold projects that are situated along significant gold trends within West Africa. To date, the Company controls a total of ten gold concessions that are consolidated in five separate standalone exploration projects, of which three projects are located in Ghana and the remaining two are located in Mali, West Africa.

Additional Information is available on the Company's website at www.africangoldgroup.com and on www.sedar.com and through the Company's offices at: BCE Place, Canada Trust Tower, 27th Floor, 161 Bay Street, Toronto, Canada M5J 2S1.

On Behalf of the Board:

Michael A. J. Nikiforuk, President, Director

FOR FURTHER INFORMATION PLEASE CONTACT:

African Gold Group, Inc.

Michael A. J. Nikiforuk

(416) 572-2225

Email: info@africangoldgroup.com

Website: www.africangoldgroup.com

As stated in the Company's press release of October 11, 2007, AGG's strategy going forward has shifted from the completed Phase 1 infill diamond drill program within "Zone 1" to a 25,000 meter RC drill program that is designed to step-out and explore the extent of the continuation of Au mineralization along Kobada's untested strike length. "Our goal was to complete approximately 10,000 meters of RC drilling before the annual Christmas break and we are pleased to advise that we achieved this objective, generating 110 holes, working 2 shifts, 24 hours per day. We are grateful for the dedication and commitment of our Kobada based team,"; states AGG Chairman, Ben Adoo, C Eng.

All of the 110 RC holes were drilled to a depth of approximately 90 meters (down the hole) at an angle of -55 degrees and an azimuth of 290 degrees. To date, a total of 5.3 km of Kobada's primary structural strike length has now been explored to a minimum depth of 90 meters down hole. This sequential exploration exercise has consisted initially of infill diamond drilling "Zone 1", which encompasses sections -2600S through -1400S (1.2 km), in addition to the recently completed RC drilling to the north and south of "Zone 1". RC drilling commenced in November, 2007, to the immediate north of "Zone 1" on section -1200S and proceeded north with fences drilled on sections -400S, 00, +400N, +1000N, +1400N and +2100N before relocating the drill rig to the south of "Zone 1" on section -3200S. (Please see the link to the attached map that depicts the Kobada concession, "Zone 1", sections recently RC drilled and trace of artisanal workings).

Note: To view the Q4 Kobada, Mali RC Drill Campaign, please visit the following link: http://www.ccnmatthews.com/docs/kobada-drill-map.pdf.

"We eagerly await the assay results from this initial phase of our RC exploration program. This step-out exercise has clearly taken AGG a considerable distance outside of the known mineralized envelope contained within "Zone 1" into what can accurately be described as uncharted territory within the Kobada concession. Our obvious objective is to confirm that gold mineralization continues to persist to the north and south of "Zone 1" along strike. In a matter of weeks we realistically anticipate beginning to receive assay results from this very important exploration exercise and therefore fully expect to be in a position to pragmatically comprehend the evolving magnitude of Kobada's true potential," states AGG President, Michael Nikiforuk.

Samples from the 10,000 meter RC drill program were collected directly from the cyclone at 1 meter intervals and transported by truck to the on-site sample preparation facility. Drillers lifted the feed after each meter drilled to flush out any remaining rock chips or material to insure there is no contamination of the next sample. As drill rods are added, compressed air was released to flush any water or remaining material lodged in the pipe, avoiding sample contamination and insuring samples remained dry. Samples are weighed to calculate recovery and each sample is poured into a large basin and put through a rifle splitter. An eighth of the sample is split and sent to ALS Chemex Laboratory located in Bamako, Mali for analysis. Duplicates, standards and blanks are inserted to insure accuracy of lab analysis.

CORPORATE UPDATE

The Board of Directors of AGG has unanimously agreed to re-price all existing incentive options at $1.20. The re-pricing of specific options will be subject to the approval of the TSX Venture Exchange and will not be effective until AGG has received approval of a majority of the disinterested shareholders at the next annual meeting of shareholders.

African Gold Group, Inc., based in Toronto, Canada, is engaged in the identification, acquisition and exploration of prospective gold projects that are situated along significant gold trends within West Africa. To date, the Company controls a total of ten gold concessions that are consolidated in five separate standalone exploration projects, of which three projects are located in Ghana and the remaining two are located in Mali, West Africa.

Additional Information is available on the Company's website at www.africangoldgroup.com and on www.sedar.com and through the Company's offices at: BCE Place, Canada Trust Tower, 27th Floor, 161 Bay Street, Toronto, Canada M5J 2S1

On Behalf of the Board:

Michael A. J. Nikiforuk, President, Director

FOR FURTHER INFORMATION PLEASE CONTACT:

African Gold Group, Inc.

Michael A. J. Nikiforuk

(416) 572-2225

Email: info@africangoldgroup.com

Website: www.africangoldgroup.com