RNS Number:3455K
Central African Gold PLC
12 October 2006

12 October 2006

               Central African Gold plc ("CAG" or "the Company")

                           Exercise of Share Options

The Company has issued 5,000,000 new ordinary shares of 0.1p each pursuant to
the exercise of options held by Andrew Groves on 26 September 2006.

Andrew Groves was formerly a Director of CAG and resigned from the board
effective 30 June 2006. Under the terms of the options granted to Mr Groves
whilst a director of the Company, Mr Groves had a period of 3 months following
resignation from the Board within which to exercise such options.

Following this announcement, Mr Groves's interest in the issued share capital of
the Company (prior to the placing announced on 29 September 2006) is as follows:

                                                                     % of issued
                                                                 ordinary shares
                                                                         capital
Number of Shares                         18,700,000                        6.9
Number of Warrants                       15,000,000


Application has been made for the new ordinary shares to be admitted to trading
on AIM. Admission is expected to be effective on 16 October 2006.


END




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