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African Gold Group, Inc. Private Placement of Up to 2 Million Units

8 September 2008

African Gold Group, Inc., (“AGG” or the “Company”) (TSX VENTURE:AGG) is pleased to announce that it has completed a non-brokered private placement (the “Offering”) for 322,600 units (“Units”) in the capital of AGG at $0.50 per Unit for gross proceeds of $161,300.00 to AGG. Each Unit is comprised of one common share of the Company and one-half of one warrant of the Company. Each whole warrant entitles the holder to purchase one additional common share of the Company at a price of $0.75 for a period of 18 months after the closing date.

The common shares issued under the Offering are subject to a four month and one day resale restriction and the Offering is subject to TSX-V approval.

This private placement forms part of a larger non-brokered private placement consisting of the issuance of up to 2,000,000 Units for gross proceeds of up to $1,000,000.00, which is expected to be fully completed on or around September 30, 2008.

Proceeds from this Offering will be used for general working capital purposes and for AGG’s continuing exploration programs.

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.

Proceeds from this Offering will be used for general working capital purposes and for AGG’s continuing exploration programs.

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 www.sedar.com or at

AFRICAN GOLD GROUP INC.

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

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

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.