RNS Number:1637P
African Gold PLC
29 August 2003



At the Company's AGM held today, the following statement was made by John
Teeling, Chairman:



"We continue to produce gold in Zimbabwe, albeit at a level barely covering
local costs.  The economic environment continues to decline with shortages of
virtually everything, including cash to pay wages.



We maintain our belief in the potential of the country and have applied for a
number of gold exploration licences."


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