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African Gold Group, Inc. Commences Geophysical Survey at Kobada, Mali; Metallic Assay Results for KBO7-17 Thru KBO7-25 Imminent

20 March 2007

African Gold Group, Inc., is pleased to announce that a geophysical survey has commenced at the Kobada concession, located in Mali, West Africa.

The survey will initially focus on establishing a 2 km x 2 km survey grid that will encompass the 1.2 km long strike length of “Zone 1” where 2 diamond drill rigs continue to in-fill drill on 50 meter spacing, on a 2 shift/day, 7 days/week (24×7) basis for both rigs. The survey will ultimately be conducted throughout the entire 42 sq. km Kobada concession as “Zone 1” represents 10% of the 12 km anomalous strike length of the overall Kobada Trend and ongoing regional mapping is indicating the existence of additional parallel structures that require investigation.

The geophysical survey will consist of Induced Polarization (IP) and Ground Magnetics utilizing a proprietary technology known as “Insight Array.” This technology was designed to penetrate difficult geology / geomorphology conditions. One of the most common challenges for common exploration tools in West Africa is dealing with regions of well developed laterite. The “Insight Array” technology is designed to investigate the difficult surface layers and penetrate into the subsurface geology to vertical depths of 400 meters to distinguish lateral geologic changes at 25 meter intervals, representing data density that is approximately four times that of a typical IP survey.

Once the data generated from the geophysical survey has been compiled, AGG geologists will collaborate with the geophysicists to overlay the current diamond drill assay data that has been generated from approximately 10,000 meters of infill drilling on 50 meter spacing within “Zone 1” to generate a “signature” or “fingerprint” of the known gold bearing mineralized zones. Once this “signature” or “fingerprint” has been identified within “Zone 1” then the balance of the 42 sq. km Kobada concession will be surveyed with the intention of identifying similar “signatures” that would essentially constitute enhanced drill targets, throughout the overall concession, as well as, the balance of the 12 km strike length of the anomalous Kobada Trend.

In addition, AGG geologists are advancing their model of the geologic setting contained within “Zone 1” of the Kobada concession and are concluding that the historical data base generated by the previous owners of the concession, has misinterpreted what was thought to be a single zone of mineralization, dipping at approximately 35°, to now reflect up to three distinct zones of mineralization, more steeply dipping at approximately 75° (see attached drill hole plan map).

It is also being theorized that the primary structure that controls the gold mineralization, as envisioned by the previous owners, is in fact a series of parallel to sub parallel sigmoidal structures that tend to produce enriched zones of gold mineralization at points of contact between structures (structural interpretation on drill hole plan map). The region is being defined as a massive shear zone with intense chemical alteration.

Of great interest is the recent discovery by AGG personnel, of intense artisanal mining activity that is ongoing approximately 3.5 km northwest of AGG’s current drill campaign on what appears to be a completely separate structure relative to “Zone 1” (see link to picture). Furthermore, a recent mapping exercise has identified 2 additional large zones of historical artisanal mining to the east of “Zone 1” that are considered to be of significant importance and apparently unknown, as there is no trace or reference to these zones in the historical data base. All incidents of current or historical artisanal mining represent significant gold-in-soil anomalies that the ongoing geophysical survey will ultimately map to vertical depths of 400 meters with the intent of identifying enhanced drill targets throughout the concession.


The Company views the results of its ongoing drill campaign as representing significant early stage progress and has therefore signed an amended drill contract with BLY Mali S.A. (Boart Longyear) to extend the initial 10,000 meter drill program by at least an additional 10,000 meters. In addition, the Company is in discussion with BLY Mali to engage two additional drill rigs for Kobada.

To date the Company has drilled approximately 10,000 meters, representing 39 holes from 39 separate drill pads as part of its ongoing in-fill diamond drill program on 50 meter spacing within “Zone 1” of the Kobada concession. Assay results have been reported on 21 holes and assay results for the remaining 18 holes are anticipated to be released in two stages in the very near future.

Drilling with 2 rigs is expected to continue unabated and the Company is pleased to report that it has now drilled at least one hole on 50 meter spacing between sections 15+50S and 22+00S and between 22+00S and 24+00S on 100 meter spacing. An attached drill hole plan map depicts the 21 holes that have been reported in “black” and the remaining 18 unreported holes in “red” as a visual guide to the progress of the Company’s ongoing drill program.

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 nine 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.

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