RNS Number:2411B
Central African Gold PLC
26 July 2004

 Central African Gold Plc ('CAG'): Epic: CAN / Index: AIM / Sector: Exploration



             CENTRAL AFRICAN GOLD RAISES FINANCE TO EXPAND OPERATIONS



Central African Gold Plc, the AIM listed mineral exploration company has raised
#315,000 before expenses through the issue of 4.5 million new Ordinary Shares of
0.1p each at a price of 7 pence per share. The money raised will be used to
expand the Company's exploration activities, fund project acquisitions and
provide general working capital.



The placing, with a French institution, is part of an active programme initiated
by CAG to undertake projects and to raise finance as appropriate, in order to
fulfil the business objectives of the Company.



CAG Chairman Phil Edmonds said: "This is good news for the Company and should
help us with the expansion of our project portfolio. By building up significant
cash reserves, we can increase our flexibility when negotiating deals, which
will help us to expand our gold exploration in southern Africa. We already have
substantial exploration interests in the Kraaipan Greenstone Belt in southern
Botswana and are currently evaluating a number of exciting opportunities in the
region, some of which include operating mines capable of providing us with a
producing asset."



Application will be made for the new Ordinary Shares to be admitted to trading
on AIM, with admission expected to take place on 2 August 2004.



                                    **ENDS**



Issued on behalf of Central African Gold Plc by St Brides Media & Finance Ltd,
46 Bedford Row, London WC1R 4LR.

Contacts:

Phil Edmonds         Central African Gold Plc      Tel: 0845 108 6060

Hugo de Salis        St Brides Media & Finance Ltd    Tel: 020 7242 4477


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

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