Canal+ Regulatory News (CAN)

20 Mar 2008 07:00

Central African Gold PLC20 March 2008 Central African Gold Plc / Ticker: CAN / Index: AIM / Sector: Mining & Exploration 20 March 2008 Central African Gold Plc ("CAG" or "the Company") Production Update at Bibiani Central African Gold Plc, the AIM quoted gold mining and exploration company,announces an update on production at the Bibiani gold mine in Ghana. The Companyis please to report that it achieved a total of 24,391oz of gold sold, in linewith the previous guidance provided on 14 November 2007. In addition, CAG'sunderground development at Bibiani continues to build momentum and the Companyis confident that total production for 2008 will increase to an annualised rateof 100,000oz per annum by the year end. A further update of CAG's activities and production levels will be announced atthe time of release of the Company's Preliminary statement. * * 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. Inaddition, CAG acquired five mines and extensive exploration properties inZimbabwe. The management team is evaluating additional prospects in Africa toestablish CAG as a leading mid-tier African gold producer with world classexploration and production assets This information is provided by RNS The company news service from the London Stock Exchange