RNS Number:8743I
Central African Gold PLC
30 November 2007

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



30 November 2007



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

           Secures US$10 million extension to existing debt facility



Central African Gold Plc, the AIM quoted gold mining and exploration company,
through its Ghanaian subsidiary, Central African Gold Ghana Limited, has
concluded a US$10 million extension to its existing US$15 million debt facility
with Investec Bank Limited ("Investec") in South Africa (subject to the
satisfaction and finalisation of certain terms and standard conditions precedent
and security registrations). The additional flexibility provided by the
extension to the existing debt facility, will enable the Company to progress its
planned corporate strategy to establish itself as a leading mid-tier operating
gold company, with an initial target of 200,000 ounces of annualised low-cost
gold production and 7.5 million ounces of resource by the end of 2008.



The total facility is now a five year facility from 1 June 2007, with equal
quarterly capital repayments commencing on 1 March 2008 and is repayable in
equal capital instalments inclusive of interest.  The facility bears interest at
a rate of three month LIBOR (currently 5.12 per cent.) plus 2.5 per cent.
Additionally, CAG has agreed to issue Investec 750,000 warrants over ordinary
shares of 0.5p each in the Company exercisable at 5.0p per share anytime up
until 31 March 2011.  A 60,000 ounce hedge based on the forward curve of the
spot gold has been put in place over the tenure of the facility.  This currently
represents around 6 per cent. of Bibiani's proven and probable reserves.



CEO Greg Hunter said, "The additional flexibility provided by the extension to
the existing debt facility will allow us to push ahead with maximising
production at Bibiani which is now well on track.  We mined 23,000 tonnes in
November at grades of between 2.5-3.0g/t Au, above our internal forecasts, and
are expecting to expand on this tonnage significantly in December at anticipated
grades of around 3.0g/t Au inline with current mining plan.  This momentum we
believe will be carried on into 2008, allowing us to achieve our stated
objective of producing just in excess of 100,000 ounces on an annualised basis
from Bibiani."



                                  * * ENDS * *



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


Central African Gold Plc
Greg Hunter/Nicole Broome                    Tel:       +27 (0) 11 676 2500

In London:
St Brides Media & Finance Ltd                 
Hugo de Salis/Felicity Edwards               Tel:       +44 (0) 20 7242 4477

Strand Partners Limited
Simon Raggett  /Braden Saunders              Tel:       +44 (0) 20 7409 3494

RBC Capital Markets
Martin Eales/Andrew Smith                    Tel:       +44 (0) 20 7029 7881

In South Africa:
Russell and Associates                     
Charmane Russell                             Tel:       + 27 (0) 11 880 3924



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, Mali, Zimbabwe 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 Limited, three joint
ventures in Mali covering 22 prospective permits and a licence in Botswana
covering the extension of the Kraaipan greenstone belt from South Africa. CAG
recently acquired five mines and extensive exploration properties in Zimbabwe.
The management team is evaluating additional prospects in Africa to establish
CAG as a leading mid-tier African gold producer with world class exploration and
production assets.






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

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