Canal+ Regulatory News (CAN)

6 Nov 2007 09:45

Central African Gold PLC06 November 2007 Central African Gold Plc / Ticker: CAN / Market: AIM / Sub-sector: Gold Mining 6th November 2007 Central African Gold Plc ("CAG" or the "Company") Appointment of CFO Central African Gold Plc, the AIM traded gold mining and exploration company, ispleased to announce the appointment of Charles Prentice, 52, to the Board ofDirectors and as the Company's Chief Financial Officer with immediate effect. Charles Marcus Wickham Prentice, CA (SA), ACMA, MBA, has over 25 years offinancial experience working for large and small companies. Most recently hewas chief financial officer of AIM traded African Platinum plc, where he waspart of a small team that took Leeuwkop, the company's primary prospect, fromscoping study level to bankable feasibility in two years. He then facilitatedthe company's R4 billion sale to Impala Platinum Limited, one of the world'spremier platinum group metal producers. Additionally Charles has held other financial directorships and positions forvarious companies including Lesotho Diamond Limited, South African Breweries,Tibbitt and Britten and Press Corporation Limited. Greg Hunter, Chief Executive Officer of CAG, said, "Charles has extensiveexperience working within the mining and exploration sector and is ideallyqualified to support the CAG board in the development of its gold production andexploration assets. We have already built a solid portfolio to be proud of andare rapidly advancing all our projects with the intention of building on ourresource base in Ghana, Mali, Zimbabwe and Botswana. However, to advance theCompany further, we understand the need to invest in high quality people, so weare therefore delighted to welcome Charles to the team. He will provide valuableassistance to CAG, particularly in view of his extensive financial knowledge andthe strong relationships he has built in the African resource sector." Past Directorships held within the last five years Afplats (Pty) Limited (subsidiary of African Platinum Plc) Imbasa (Pty) Limited (subsidiary of African Platinum Plc) Inkosi (Pty) Limited (subsidiary of African Platinum Plc) Tibbitt & Britten Africa (Pty) Limited Mimic Mining UK Limited Southern African Resources Limited There are no other matters which are required to be announced with regard tothis appointment under paragraph (g) of Schedule 2 of the AIM Rules. * * ENDS * * For further information please visit www.centralafricangold.com or contact: Central African Gold Plc Greg Hunter/Nicole Broome Tel: +27 (0) 11 676 2500 In London: St Brides Media & Finance Ltd Hugo de Salis/Felicity Edwards Tel: +44 (0) 20 7242 4477 Strand Partners Limited Simon Raggett /Braden Saunders Tel: +44 (0) 20 7409 3494 RBC Capital Markets Martin Eales/Andrew Smith Tel: +44 (0) 20 7029 7881 In South Africa: Russell and Associates Charmane Russell Tel: + 27 (0) 11 880 3924 Notes to Editors: Central African Gold Plc, admitted to AIM in April 2004, was established toacquire gold assets with a geographical focus on Africa. The Company hasestablished a sound portfolio with projects in Ghana, Mali, Zimbabwe andBotswana. It has a highly experienced management team, which has worked togetherfor four years managing six underground greenstone gold mining operations andbuilding exploration portfolios. CAG's portfolio includes the producing Bibiani gold mine and prospectinglicences in Ghana, which it acquired from AngloGold Ashanti Limited, three jointventures in Mali covering 22 prospective permits and a licence in Botswanacovering the extension of the Kraaipan greenstone belt from South Africa. CAGrecently acquired five mines and extensive exploration properties in Zimbabwe.The management team is evaluating additional prospects in Africa to establishCAG as a leading mid-tier African gold producer with world class exploration andproduction assets. This information is provided by RNS The company news service from the London Stock Exchange