Update: Response to press speculation

13 Jan 2010 17:30



Central African Gold Plc 

('CAG' or the 'Company')

CAG's Zimbabwe assets - response to press speculation

The board of directors of CAG, (the 'Board') notes the recent press speculation with regard to the Company's Zimbabwe assets (the 'Zimbabwe Assets') and is pleased to confirm that it remains the stated strategy of the Board to focus on the development of the Zimbabwean Assets. 

To that end, the Board continues to be actively engaged in the identification of suitable sources of finance and/or partners with which to develop further the Zimbabwe Assets, to the benefit of all shareholders and also confirms that the Company is not currently examining a disposal of the Zimbabwe Assets.

For further information please visit www.centralafricangold.com or contact:

Central African Gold Plc Tel: +44 (0) 77 9390 9985

Roy Pitchford / Craig Campbell

Strand Hanson Limited Tel: +44 (0) 207 409 3494

Stuart Faulkner / James Spinney

St Brides Media & Finance Tel: +44 (0) 207 236 1177

Hugo de Salis / Felicity Edwards