CAN Central A.G.

RNS Number:8134U
Central African Gold PLC
13 April 2007

Central African Gold Plc / Ticker: CAN / Market: AIM / Sub-sector: Gold Mining

13 April 2007

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

                              Re AGA Shareholding

Central African Gold Plc, an AIM listed gold mining and exploration company, on
the 20 December 2006 completed the acquisition of the Bibiani gold mine and
related assets and liabilities, including prospecting licences in Ghana from
AngloGold Ashanti Limited ("AGA") ("the Acquisition"). As part of the
consideration for the Acquisition, AGA was issued 15,825,902 Ordinary Shares in
CAG, which under the requirements of the South African Reserve Bank ("SARB"), it
was required to sell within 90 days of admission to trading on AIM that occurred
on 28 December 2006.

On 13 February CAG announced that AGA had sold 7,000,000 Ordinary Shares to a
US-based investment fund reducing its holding to 8,825,902 Ordinary Shares.

AGA has now informed the Company that it has sold a further 7,400,000 Ordinary
Shares to a US-based investment fund, ENSO, who in turn has now increased its
stake in CAG to 19,571,911 shares or 4.2 per cent. of the issued share capital.

As a result of the above sales, AGA has reduced its holding in CAG to 1,425,902
Ordinary Shares (0.3 per cent. of the issued share capital). AGA has informed
CAG that it will sell these remaining Ordinary Shares in CAG through the market
in an orderly fashion in order to fulfil the SARB requirement.

For further information please contact or visit www.centralafricangold.com or
contact:

Greg Hunter         Central African Gold Plc        Tel: +27 (0)82 882 4222

In London:
Hugo de Salis       St Brides Media & Finance Ltd   Tel: +44 (0)20 7242 4477
Simon Raggett       Strand Partners Limited         Tel: +44 (0)20 7409 3494
Braden Saunders     Strand Partners Limited         Tel: +44 (0)20 7409 3494

In South Africa:
Nicole Broome       Central African Gold            Tel: +27 (0)11 676 2500
                                                    Mob: +27 (0)83 601 1702
Charmane Russell    Russell and Associates          Tel: +27 (0)11 880 3924
                                                    Mob: +27 (0)82 372 5816

Notes to Editors:

Central African Gold Plc, admitted to AIM in April 2004, was established to
acquire gold assets with a geographical focus on Africa. The Company has
established a sound portfolio with projects in Ghana, Zimbabwe, Mali and
Botswana. It has a highly experienced management team, which has worked together
for four years managing six underground greenstone gold mining operations and
building exploration portfolios.

CAG's portfolio includes the producing Bibiani gold mine and prospecting
licences in Ghana, which it acquired from AngloGold Ashanti Ltd, the producing
Falcon and Olympus gold mines in Zimbabwe, two joint ventures in Mali covering
23 prospective permits and licences in Botswana covering the extension of the
Kraaipan greenstone belt from South Africa. The directors are evaluating
additional prospects in Africa to establish CAG as a leading mid-tier African
gold producer with world class exploration and production assets.

The Company's strategy is to become a leading mid-tier operating gold company,
with an initial target of circa 200,000 ounces of annualised low-cost gold
production and 7.5 million ounces of resource by the end of 2008.





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

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