Acquisition Update

18 Dec 2006 16:41

Central African Gold PLC18 December 2006 18 December 2006 Central African Gold Plc ("CAG" or "the Company") Acquisition Update As previously announced following the extraordinary general meeting of 11December 2006 the Company has received shareholder approval to take allnecessary steps to complete the acquisition of the Bibiani gold mine and relatedassets and liabilities in Ghana ("the Acquisition"). At that time the Company was confident of satisfying all conditions precedent tothe Acquisition with a view to achieving Completion by mid December. However,before proceeding, AngloGold Ashanti Limited ("AGA") requires the consent of theSouth African Reserve Bank ("SARB") approving the ownership of the ordinaryshares by AGA under its subscription as part of the associated placing. The Company, working in conjunction with AGA, is confident of achieving SARBapproval of the share purchase shortly and given this is the only outstandingcondition precedent still to be satisfied the Company remains confident ofcompleting the acquisition before 31 December 2006. This information is provided by RNS The company news service from the London Stock Exchange