African Gold Group Inc. reported the analytical results for 72 near surface (oxide), reverse circulation (RC) drill holes, from the Company's Kobada, Mali gold project. The holes reported comprise a portion of the 2012 Feasibility Study drill program that were infill drilled on 25 meter centers within the (2011) Zone 1 deposit. Drill collars for the RC holes reported in this release are collectively located between sections 1480S through to section 2050S.

African Gold Group Inc. reported the analytical results for 57 near surface (oxide), reverse circulation (RC) southern step out drill holes from the Company's Kobada, Mali gold project. Near Surface (Oxide) Drill Highlights From Southern Step Out RC Holes Include: KBRC11-043: 52 m @ 1.02 g/t Au; KBRC11-045: 47 m @ 0.77 g/t Au; KBRC12-036: 29 m @ 0.86 g/t Au; KBRC12-044: 56 m @ 0.91 g/t Au; KBRC11-055: 35 m @ 0.9 g/t Au; KBRC11-056: 18 m @ 1.18 g/t Au; KBRC11-059: 14 m @ 3.08 g/t Au; KBRC11-071: 38 m @ 1.01 g/t Au; KBRC11-076: 30 m @ 0.75 g/t Au; KBRC11-093: 27 m @ 1.28 g/t Au; and KBRC11-088: 15 m @ 7.38 g/t Au. The Kobada project base case is for processing 20,000 tonnes per day for a total of 7,000,000 tonnes per year in a gravity process plant that is projected to recover 87.9% of the gold contained in 41,750,000 tonnes of lateritic material assaying 0.64 g/t Au, for average annual production of 126,600 ounces of gold for the first five years of operation. The average annual operating cost is calculated to be $8.27/t for the first five years of operation with a CAPEX of $122,500,000. The project produces gold at the direct cost of $470.90 per ounce. The Study demonstrates that the Kobada gold project is economically optimized by adopting bulk mining versus selective mining.

African Gold Group Inc. reported the analytical results for 20 near surface (oxide), reverse circulation (RC) step out drill holes, from the company's Kobada, Mali gold project. Near Surface (Oxide) Drill Highlights From Northern Step Out RC Holes Include: KBRC12-010: 52 m @ 1.28 g/t Au, ended in mineralization; KBRC12-012: 41 m @ 1.04 g/t Au, ended in mineralization; KBRC12-013: 85 m @ 1.13 g/t Au; KBRC12-014: 107 m @ 1.21 g/t Au, ended in mineralization; KBRC12-015: 43 m @ 1.39 g/t Au, ended in mineralization; KBRC12-016: 75 m @ 1.92 g/t Au & 68 m @ 0.96 g/t Au, ended in mineralization; KBRC12-017: 109 m @ 0.81 g/t Au; KBRC12-018: 56 m @ 1.21 g/t Au, ended in mineralization; KBRC12-020: 146 m @ 1.13 g/t Au, ended in mineralization. Near Surface (Oxide) Drill Highlights From Northern Step-Out Holes On Section 1000S Include: KBRC11-189: 112 m @ 2.14 g/t Au, incl, 1 m @ 90.19 g/t Au, ended in mineralization; KBRC11-192: 88 m @ 1.66 g/t Au, incl 2 m @ 25.60 g/t Au; KBRC11-191: 55 m @ 0.79 g/t Au, incl 1 m @ 15.06 g/t Au; KBRC11-190: 42 m @ 0.96 g/t Au, incl 1 m @ 12.42 g/t Au; KBRC11-193: 12m @ 0.89 g/t Au, ended in mineralization. Near Surface (Oxide) Drill Highlights From Northern Step-Out Holes On Section 950S & 900S Include: KBRC12-006: 70 m @ 1.83 g/t Au & 45 m @ 1.79 g/t Au, ended in mineralization; KBRC12-003: 27 m @ 0.47 g/t Au & 84 m @ 1.26 g/t Au, ended in mineralization; KBRC12-004: 21 m @ 1.07 g/t & 9 m @ 1.80 Au; KBRC12-005: 21 m @ 1.15 g/t Au.