CAN Central A.G.

RNS Number:6321K
AIM
18 October 2006



             ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION IN ACCORDANCE WITH AIM RULE 2


ALL APPLICANTS MUST COMPLETE THE FOLLOWING:

COMPANY NAME: Central African Gold plc ("CAG")

COMPANY ADDRESS:



Registered office:
Millennium Bridge House
2 Lambeth Hill
London



COMPANY POSTCODE: EC4V 4AJ

COUNTRY OF INCORPORATION: England and Wales

COMPANY BUSINESS OR, IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTMENT STRATEGY TO BE DISCLOSED IN
ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (J) OF THE AIM RULES:



Operator and investor in the natural resources sector with particular emphasis on gold projects in central and southern
Africa.  During the period since admission to trading on AIM, the Company has acquired and is progressing prospective
exploration properties in Mali and Botswana and has reviewed and is currently considering other potential acquisitions
in Africa.



On 22 August 2006, CAG announced that it had signed a binding agreement to acquire the Bibiani gold mine and related
liabilities and assets, including a Mining Lease and Prospecting Licence, in Ghana.



DETAILS OF SECURITIES TO BE ADMITTED (i.e. where known, number of shares, nominal value and issue price to which it
seeks admission and the number and type to be held as treasury shares):



TBC



CAPITAL TO BE RAISED ON ADMISSION:



Up to #25,200,000 before expenses



FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS:



Directors

Gregory David Hunter (Chief Executive Officer and Chairman)
Mark William Rosslee (Chief Financial Officer)
Roy Aubrey Pitchford (Non-Executive Director)



PERSON(S) INTERESTED IN 3% OR MORE OF THE ISSUER'S CAPITAL, EXPRESSED AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL
BEFORE AND AFTER ADMISSION:


                                  Prior to the placing                         On admission
                                 No. of         % of issued               No. of         % of issued
                                Ordinary           share                 Ordinary           share
                                 Shares           capital                 Shares           capital

CGT Management Limited         35,000,000          12.93                   TBC               TBC
Central African Mining &       20,000,000          7.39                    TBC               TBC
Exploration Company plc
PH Edmonds                     19,000,000          7.02                    TBC               TBC
AS Groves                      18,700,000          6.91                    TBC               TBC
North Sound Capital LLC        12,448,500          4.60                    TBC               TBC
Michael Vitton                 12,000,000          4.43                    TBC               TBC
George Robinson                11,111,111          4.10                    TBC               TBC
Palmyra Fund                   11,000,000          4.06                    TBC               TBC
Libra Funds                    10,529,960          3.89                    TBC               TBC
Endeavour Mining               8,495,000           3.14                    TBC               TBC





NAMES AND ADDRESSES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 2, PARAGRAPH (H) OF THE AIM RULES:



NA



ANTICIPATED ACCOUNTING REFERENCE DATE:



31 December



EXPECTED ADMISSION DATE:



1 November 2006



NAME AND ADDRESS OF NOMINATED ADVISER:



Strand Partners Limited
26 Mount Row
London W1K 3SQ



NAME AND ADDRESS OF BROKER:



Hichens, Harrison & Co. plc
Bell Court House
11 Bloomfield Street
London EC2M 1LB



DETAILS OF WHERE (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE AVAILABLE FROM, WITH A STATEMENT THAT THIS
WILL CONTAIN FULL DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES:



Salans
Millennium Bridge House
2 Lambeth Hill
London EC4V 4AJ



The Admission Document is also available at www.centralafricangold.com



DATE OF NOTIFICATION:



18 October 2006



NEW/ UPDATE (see note):



New







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

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