Canal+ Regulatory News (CAN)

26 Sep 2007 17:35

Central African Gold PLC26 September 2007 Central African Gold Plc / Ticker: CAN / Market: AIM / Sub-sector: Gold Mining 26th September 2007 Central African Gold Plc ("CAG" or the "Company") Directorship Change CAG, the AIM traded gold mining and exploration company, announces that FinanceDirector, Mark Rosslee, is stepping down from the Board of Directors. Hisresignation will take effect on 1 October 2007 and he has agreed to remainavailable to the Company for a reasonable period of time to ensure a smoothhandover. The Company would like to thank Mr. Rosslee for all his hard work andwish him well for the future. CAG is in the process of looking for a suitablereplacement and hopes to make an announcement in due course. CAG CEO Mr Greg Hunter said, "I would like to thank Mark for all his help overthe last two years in building CAG into the company it is today, with its strongportfolio of both producing and exploration projects in Ghana, Mali, Zimbabweand Botswana. We are now actively looking for a strong replacement to furtherhelp us achieve our objective of building a mid-tier African based gold company." * * ENDS * * For further information please visit www.centralafricangold.com or contact: Central African Gold PlcGreg Hunter/Nicole Broome Tel: +27 (0) 11 676 2500 In London:St Brides Media & Finance LtdHugo de Salis/Felicity Edwards Tel: +44 (0) 20 7242 4477 Strand Partners LimitedSimon Raggett /Braden Saunders Tel: +44 (0) 20 7409 3494 RBC Capital MarketsMartin Eales/ Andrew Smith Tel: +44 (0) 20 7029 7881 In South Africa:Russell and AssociatesCharmane 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