CAN Central A.G.

RNS Number:7703B
Central African Gold PLC
20 April 2006


     Central African Gold Plc / Ticker: CAN / Index: AIM / Sector: Mining &
                                  Exploration

20 April 2006

               Central African Gold Plc ('CAG' or 'the Company')

                               Raises #9 Million


Central African Gold Plc, the AIM listed gold mining and exploration company,
has raised #9,000,735 million through the placing of 100,008,167 new ordinary
shares of 0.1p each in the Company ("New Ordinary Shares") at 9p per share, with
leading UK and international institutions and private investors.  The proceeds
of the placing will be used to develop its existing projects and acquire other
projects in Africa that can be brought into production in the short to medium
term.

Central African Gold Plc Chairman Phil Edmonds said: "While the fund raising
significantly strengthens our investor base, it also enables us to rapidly
progress our existing exploration portfolio as well as focus on securing new
acquisitions in Africa that will transform us into a producing entity.

"I believe that the new team headed by Greg Hunter will, using their proprietary
technology, methodology and databases, truly add value to the Company.  Their
focused approach has already prioritised a potential hit list of future
acquisitions that may fulfil our investment criteria and generate near term
revenue.  Our aim is to become a leading mid tier African focussed gold producer
and exploration company and I believe we have now taken our first steps towards
achieving this."

                                  ** E N D S**


Contacts:

Hugo de Salis        St. Brides Media & Finance Ltd           Tel: 020 7242 4477


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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