CAN Central A.G.

RNS Number:5263Q
Central African Gold PLC
20 March 2008

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

20 March 2008



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

                          Production Update at Bibiani



Central African Gold Plc, the AIM quoted gold mining and exploration company,
announces an update on production at the Bibiani gold mine in Ghana. The Company
is please to report that it achieved a total of 24,391oz of gold sold, in line
with the previous guidance provided on 14 November 2007. In addition, CAG's
underground development at Bibiani continues to build momentum and the Company
is confident that total production for 2008 will increase to an annualised rate
of 100,000oz per annum by the year end.



A further update of CAG's activities and production levels will be announced at
the time of release of the Company's Preliminary statement.



                                  * * 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. In
addition, CAG 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

MSCGUUWAWUPRGMB

Central African Gold (LSE:CAN)
Historical Stock Chart
From Jun 2024 to Jul 2024

Central African Gold (LSE:CAN)
Historical Stock Chart
From Jul 2023 to Jul 2024