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African Gold Group Appoints W. Durand Eppler & Henry Reimer To Newly Established Advisory Board

10 November 2004

African Gold Group, Inc., a gold exploration and development company with strategic mineral concessions on three of Ghana’s most prolific gold belts, today announced that Mr. W. Durand (Randy) Eppler and Mr. Henry (Hank) Reimer have accepted appointments to AGG’s newly created Advisory Board.

AGG established the Advisory Board in order to draw on the knowledge and unique expertise of mining industry veterans, whose appointments further enhance the depth of knowledge and range of skills that currently exist within the Company. Both of the new appointees have built their respective international reputations and industry profiles through decades of service and achievements in the mining sector.

In a joint statement, Messers. Eppler and Reimer said: “We feel African Gold Group, Inc., has established an excellent foundation within one of the premier gold jurisdictions in the world – Ghana, West Africa. The AGG team has the requisite diversification of skill sets and African experience to enable the Company to grow and add value for the shareholders. We are determined to make a meaningful contribution to this effort. Moreover, we are delighted to be a part of what we consider to be a first-class, significant and exciting opportunity within the gold sector.”

Mr. Eppler joined Newmont Mining Corporation (“Newmont”) in 1995, as Vice President of Corporate Planning and until August 2004, served in a variety of corporate development roles, most recently as Vice President of Newmont Capital, Newmont’s merchant banking arm. During his tenure at Newmont, Mr. Eppler played a critical role in many of Newmont’s international acquisitions and joint ventures. In 2002, Mr. Eppler led Newmont’s initiatives into Ghana, where he was responsible for negotiating Newmont’s Investment Agreement with the Government of Ghana. These initiatives enabled the successful advancement of Newmont’s multi-million ounce Ahafo and Akyem projects that now form the cornerstone of Newmont’s continental African strategy.

Mr. Eppler also served as President of Newmont Indonesia from 1998 through 2001 and represented Newmont on the Board of Directors of Lihir Gold Limited. Prior to joining Newmont, he was Managing Director of Chemical Securities Inc., an affiliate of Chemical Bank. Mr. Eppler holds a Master’s Degree in Mineral Economics from the Colorado School of Mines.

Mr. Hank Reimer, P. Eng. served for 17 years as a mining analyst with Richardson Securities (subsequently acquired by RBC Dominion Securities). His tenure with that firm culminated with his position as Manager, Mining Research Department. In 1970, Mr. Reimer joined Loewen Ondaatje McCutcheon (“LOM”) as a Director and Senior Mining Analyst, focused on the analysis of mining companies for Institutional clients & LOM’s Corporate Finance Department. Since 1992, through to the present, Mr. Reimer has served numerous mining companies as an independent mining consultant, including African Gold Group.

Mr. Reimer’s past and present directorships of public companies, includes: QGX Ltd., Morrison Petroleum Ltd., Golden Star Resources, Orvana Minerals Corp., and Geomaque Explorations, amongst others. Mr. Reimer is a current member of the Professional Engineers of Ontario, The Canadian Institute of Mining and Metallurgy, The Toronto Association of Financial Analysts and the Association for Investment Management and Research.

African Gold Group, Inc., based in Toronto, is engaged in the identification, acquisition and exploration of prospective gold projects situated along significant gold trends in Ghana, West Africa. AGG’s immediate focus is to systematically explore both surface and in particular, subsurface targets along three major gold trends: the Sefwi, Asankrangwa and Ashanti Gold Belts.

Additional Information is available on or at


151 Yonge St.
11th Floor
Toronto, Ontario
M5C 2W7

Phone: 647-775-8538
Fax: 647-775-8301

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