African Gold Group, Inc.
TSX VENTURE : AGG

African Gold Group, Inc.

November 27, 2006 10:00 ET

African Gold Group, Inc. Commences Follow-Up Exploration at Assuowunu, Ghana

On Strike and Contiguous With Keegan Resources Esaase Concession

TORONTO, ONTARIO--(CCNMatthews - Nov. 27, 2006) - African Gold Group, Inc., (TSX VENTURE:AGG) ("AGG" or the "Company") is pleased to report that a surface exploration program has resumed at its Assuowunu, Ghana, concession.

The Assuowunu concession straddles the Atwima and Amansie West Districts of the Ashanti Region of Ghana, approximately 35 kilometers southwest of the city of Kumasi and forms part of the northern segment of the Asankrangwa gold belt.

AGG's Asankrangwa Holdings consist of four contiguous concessions that encompass 449 sq km: Twedee, Moseaso, Manso Nkwanta and the Assuowunu concession, which is situated in the north western block of AGG's total regional land holdings (see attached map).

http://www.ccnmatthews.com/docs/1127agg.pdf

This area of the Asankrangwa gold belt has a significant history of exploration as well as gold mining:

- Immediately to the south of AGG's Manso Nkwanta concession, Resolute Resources mined approximately 30 million tonnes of ore grading 2.0 g/t Au from a number of pits at Nkran Hill, Adubiaso, Akwasiso and Abore.

- Immediately to the west and draining from the contiguous Assuowunu concession, Bonte Gold Mines produced approximately 500,000 ounces of alluvial gold from 1992 to 2002.

- The Esaase concession formed part of Bonte Gold Mines and is now controlled by Keegan Resources. On November 20, 2006, Keegan announced results from the first four of thirty diamond drill holes currently being drilled on the Esaase concession. Three of the four holes intercepted multiple zones of gold mineralization ranging from 12 to 85 meters in width. Highlights include 85 meters of 2.07 g/t Au, 12 meters of 9.76 g/t Au, and 36 meters of 1.2 g/t Au. AGG's Assuowunu concession is contiguous and on strike with the Esaase concession.

- To the immediate north, at Mpesetia, AngloGold Ashanti produced approximately 100,000 ounces of gold from open pit operations.

- All of the above sources of gold are believed to be structurally controlled and these structures are known to extend onto AGG's holdings.

- Previous operators, in the mid to late 1990's, carried out extensive preliminary exploration by way of regional geochemistry and geology, geophysics and trenching, producing a number of, as yet untested anomalies. It will be AGG's focus to incorporate this data into its own database derived from the Company's work on the contiguous Twedee and Moseaso licenses.

In May of 2006, AGG commenced a regional exploration program of the Assuowunu concession comprised of silt sampling, grid establishment and soil sampling. The silt sampling program defined four anomalous zones and the soil sampling program defined five gold-in-soil anomalous zones.

The current program, which is underway, will consist of 66.9 km of line cutting on 200 meter spacing in the southern section of the survey area and 400 meter spacing on the northern section of the survey area. The entire survey area will cover 20.8 sq km. The program will also include 2,000 meters of trenching that will comprise a total of 25 trenches on 11 of the surveyed lines. The program is intended to infill soil lines to better define ore geometry and limits of mineralization. It is intended that this program will be followed by 3D IP and magnetometer surveys to determine geology and orientation of structures within the property and to plan future diamond drilling targets.

African Gold Group, Inc., based in Toronto, Canada, is engaged in the identification, acquisition and exploration of prospective gold projects that are situated along significant gold trends within West Africa. To date, the Company controls a total of nine gold concessions that are consolidated in five separate standalone exploration projects, of which three projects are located in Ghana and the remaining two are located in Mali, West Africa.

On Behalf of the Board:

Michael A. J. Nikiforuk, President, Director

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information