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African Gold Group Promoted by Marshall Auerback in AU Report Interview

28 January 2011

Dear Shareholders and Friends,

In a recent interview with Streetwise Reports, Marshall Auerback, corporate spokesperson for Toronto-based Pinetree Capital, commented on African Gold Group, Inc. Marshall is a so-called “hedge fund” strategist. He believes that deficit spending is not bound by anything other than inflation, which, he says, is of limited consequence right now. Marshall believes the U.S. government’s main goal should be to reduce unemployment, and he predicts the gold price is likely to remain range-bound between $1,100 and $1,400 an ounce in 2011. However, his long-term outlook for precious metals remains rosy given that “casino capitalism” is setting the stage for a new bubble. In this exclusive interview with The Gold Report, Marshall reveals some of Pinetree Capital’s precious metals holdings and explains why he fears for the global economy.

As Pinetree Capital’s corporate spokesperson, Marshall Auerback is a member of Pinetree’s board of directors and has some 28 years of global experience in financial markets worldwide. He plays a key role in the formulation and articulation of Pinetree’s investment strategy. Currently, Mr. Auerback is a senior fellow at the Roosevelt Institute, a research associate for the Levy Institute and a fellow for the Economists for Peace and Security. Mr. Auerback graduated magna cum laude from Queen’s University in 1981 and received a law degree from Corpus Christi College at Oxford University in 1983.

We thought you’d be interested in reading Marshall Auerback ‘s comments on African Gold Group, Inc. Scroll Down to see these comments.

Marshall Auerback’s Comments:
“We like. . .African Gold Group, a minerals exploration firm focused in West Africa, which has significant gold concessions in both Ghana and Mali. Its most advanced asset is the Kobada gold project in Mali, which has an NI 43-101-compliant inferred mineral resource of 740 Koz. of gold at 0.3 g/t Au emanating from 10% of strike potential. Recent news from the company included analytical results for 19 near-surface oxide drill holes. At the Foroko North Discovery Zone, which is contiguous with AGG’s Kobada concession on the eastern boundary and projects north into the northeastern section of the Kobada concession, step-out hole KBRC10-059 extends gold mineralization to 1.2km (expanded from 600m). That same hole intercepted 48 mat 1.28 g/t Au, including 1m at 12.72 g/t Au. Of great significance is the fact that this discovery hole is located 600m south of hole KBRC10-048. This was a significant extension of the gold mineralization area.” View Article

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