African Gold Group, Inc. (TSX-V: AGG) ("AGG" or the "Company")is pleased to announce the appointment of Mr. Georges Cohen to its Board of Directors, effective June 22, 2015.

Mr. Cohen is past President and CEO of the most important subsidiary of Europe's largest multinational IT services company, Cap Gemini, headquartered in Paris France. Mr. Cohen was the founder of Paris based, Transiciel, a multinational IT services company employing over 10,000 engineers that merged with Cap Gemini subsidiary, Sogeti, in 2003. Mr. Cohen became CEO of the merged Sogeti-Transiciel (22,000 employees) and became one of four members of the Executive Committee of Cap Gemini (110,000 employees).

Following the successful integration of Sogeti-Transiciel, Mr. Cohen departed the company to engage in private equity investing, on behalf of his family office, in the highly diversified fields of science engineering and related services, real estate, aerospace, communication, real-time media and finance, including co-founding Altergaz, the second largest gas distribution company in France, that was ultimately sold to Eni S.p.A., an Italian multinational integrated energy company. The Cohen family has also invested in Panhard, a leading European light armored vehicle manufacturer that was sold to Volvo Group, AB. Panhard's military equipment is being used in numerous peacekeeping missions, including its current deployment in Mali, West Africa.

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(“AGG” or the “Company”) is pleased to report the following Board and Management appointments:

  • The appointment of Declan Franzmann as Director, President and Chief Executive Officer (“CEO”), reporting to AGG’s Board of Directors. Mr. Franzmann’s immediate focus is to accelerate the completion of the Feasibility Study and oversee and expedite the initiation of production at AGG’s Kobada Gold Project, located in south-west Mali; and
  • The appointment of Michael Nikiforuk, past President, Founder and Director of AGG, to Executive Director, Corporate Development. In his new role, Mr. Nikiforuk will focus on the  Company’s corporate social responsibility programs, community stakeholder and government relations initiatives.

Appointments Intended To Fast-Track The Kobada Gold Project Into Production

Mr. Declan Franzmann, a professional mining engineer, has more than 22 years experience in corporate, operational and senior engineering roles. Declan has accumulated significant experience working on gold projects within Australia and internationally. Most recently, Declan was Founding Director of Crosscut Consulting, a resource engineering business providing mine planning and management services since 2005. Mr. Franzmann has held senior management roles at the Tritton, CSA, Gympie, and Chariot Mines. He has extensive experience in both underground and open-pit mining as a professional engineer. Declan has held executive and non-executive director positions for several ASX and TSX listed companies, most recently for Lachlan Star Limited (TSX: LSA). Mr. Franzmann completed a Bachelor of Engineering (Mining) at the University of Ballarat, Victoria, Australia and holds First Class Mine Manager's Certificates in Western Australia, Queensland and NSW. Declan is a Fellow of the Australasian Institute of Mining and Metallurgy (“FAusIMM”).

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Senior Management Team

Stephan Theron - CEO

  • +18 years of senior management, capital project development and M&A experience within the mining industry.
  • Current CEO of Trigon Metals. Former CEO of Forbes Coal (Buffalo Coal), and director of True Gold Mining.
  • He has structured numerous mining focused investments and has worked on mining projects throughout Africa.

Sékou Konate – Country Manager

  • +22 years as a civil servant working for the Malian Ministry of Public Works and Transportation.
  • + 20 years of experience facilitating exploration and mining activities in Mali; former experience with Golden Shamrock , SEMAFO , OREZONE, Golden Rim and African Gold Group.
  • Former management experience at Direction Nationale des Travaux Publics, Chief Division of Supply Fuel at Petrostock State Company.

Brett A. Richards - President and COO

  • + 30 years of expertise in mining and metals, with a focus on M&A, mine development and senior level operations.
  • Current President of Richards Enterprises Inc., a mining consulting firm, and formerly held senior executive roles in West Africa, including CEO of Octéa Ltd, the transition CEO of Roxgold and the CEO of Avocet Mining. He also held other senior management positions at Katanga Mining Ltd, Kinross Gold and Co-Steel Inc.
  • Fellow of the Institute of Directors in London; a member of Ontario Association of Certified Engineering Technologists and (O.A.C.E.T.T. - Mechanical Engineering); a member of the Prospectors and Developers Association of Canada (P.D.A.C).

Ryan Ptolemy - CFO

  • CPA, CGA, and CFA holder with +15 years of experience in the public and private sectors.
  • He has served as CFO to a number of companies in the mining sector, particularly exploration and development stage companies

Board of Directors

Stan Bharti, P. Eng, M. Eng. - Chairman

  • Professional mining engineer, business consultant, international financier, and seasoned entrepreneur.
  • + 30 years of professional experience in business, finance, markets, and operations.

Bruce Humphrey - Director

  • + 35 years experience working in senior management roles with both junior and senior mining companies.
  • Formerly served as Chairman of Consolidated Thompson Iron Mines, President and CEO of Desert Sun Mining, and Senior Vice President and COO of Goldcorp.

John Begeman - Director

  • +35 years of experience as a professional mining engineer.
  • Current Executive Chairman of Premier Gold Mines, director of Yamana Gold Inc. and Aberdeen International.
  • Former President and CEO of Avion Gold, President, CEO and director of Valencia Ventures, COO of Zinifex Canada, VP Western Operations for Goldcorp.

Georges Cohen - Director

  • Chairman and CEO of Robex Resources; with significant corporate and management experience in Cap Gemini Group. Founder of Transiciel and oversaw its integration into Cap Gemini Group. Grenada’s Ambassador to the United Nations.

Marco J. Durante - Director and Founder

  • Substantial past experience with mining companies including Banro Resource Corp. and Lyndex Exploration; focusing on Investor Relations strategies and financing initiatives.

Declan Franzmann, FAuaIMM - Director

  • Professional mining engineer with +23 years experience
  • Former CEO of African Gold Group.
  • Extensive experience in gold mining, with a track record of successful project development and operations.

Stephan Theron - Director

  • + 18 years of extensive management, capital project development and M&A experience within the mining industry. He has structured numerous mining focused investments and has worked on mining projects throughout Africa.
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