African Gold Group, Inc.
TSX VENTURE : AGG

African Gold Group, Inc.

December 05, 2006 10:00 ET

African Gold Group, Inc. Infill Diamond Drill Program Underway at Kobada, Mali

Second Diamond Drill Rig at Mali Border for Customs Clearance

TORONTO, ONTARIO--(CCNMatthews - Dec. 5, 2006) - African Gold Group, Inc., ("AGG" or the "Company")(TSX VENTURE:AGG) is pleased to report that its infill diamond drill program has resumed at Kobada, Mali. In addition, the Company is pleased to report that the permanent camp facilities that can accommodate upwards of 30 on-site technical and support personnel, who will be responsible for the ongoing exploration initiatives at Kobada, has been installed.

The Kobada concession is located in the Kangaba region of Mali. It hosts a significant anomaly that is defined by 12 kilometer of strike length with a corresponding width of 1 kilometer. This anomaly has greater than 500 ppm arsenic-in-soil geochemistry with coincident, extensive artisanal surface, hardrock and placer mining activity. Previous work on the concession, commencing in the 1980's, approximated US$3.5 million and was undertaken by French exploration entities: BRGM, La Source and Cominor (COGEMA). Their collective work comprised surface geochemical and geophysical surveys, 1,736 meter (18 holes) of AirCore drilling, 13,200 meter (134 holes in "Zone 1" out of a total of 156 holes) of RC drilling and 913.4 meter (7 holes) of diamond drilling. Their initial primary target within the 12 kilometer strike length that comprises the Kobada Trend has been a 1.2 kilometer zone of extensive artisanal hardrock mining activity referred to as "Zone 1". (see attached map).

http://www.ccnmatthews.com/docs/agg1205d.pdf

To date the company has drilled a total of 15 diamond drill holes totaling approximately 3,233 meter within "Zone 1" of the Kobada concession. Six of the 15 holes, totaling approximately 1,033 meter, were drilled in late 2005 of which: 3 holes (KB05-1, KB05-2, and KB05-3) were drilled on line 2200S; 2 holes (KB05-4 and KB05-5) were drilled on line 2300S and one hole (KB05-6) was drilled oblique to the section on line 2400S in anticipation of the existence of newly interpreted mineralized cross structures. Hole KB05-4 highlighted the 2005 campaign, intersecting 48 meter of 2.95 g/t Au, including 19.20 meter of 5.91 g/t Au.

Importantly, the 2005 drill campaign successfully demonstrated oxide gold mineralization to a depth of approximately 125 vertical meter in saprolite and furthermore extended the gold mineralization an additional 25 meter into bedrock. Test work by the previous concession owner(s) was limited to 75 vertical meter and never penetrated bedrock.

In June-July, 2006, an additional nine holes, totaling approximately 2,200 meter were drilled on lines: 1600S (KB06-1, KB06-2 and KB06-3); 1650S (KB06-4, KB06-5 and KB06-9); 1700S (KB06-6 and KB06-7) and 1750S (KB06-8). Hole KB06-7 highlighted the June-July, 2006 campaign, intersecting 81 meter of 1.21 g/t Au, including 18 meter of 2.26 g/t Au. (see attached map for precise drill locations).

A summary of precise assay results from AGG's 2005 and 2006 diamond drill campaigns can be reviewed in the Company's press release dated November 16, 2006.

The significance of the 2006 diamond drill campaign is underscored by the fact that the campaign was launched 800 meter to the northeast of line 2400S on line 1600S and more importantly the drill program continued to extend the gold mineralization through the 125 meter saprolite horizon into bedrock to an increased depth of 300 meter and remains open at depth.

In summary, a review of AGG's 2005 and 2006 drill programs reveals that:

- The best mineralization, encountered to date, is at the northerly and southerly extremities of the tested strike, representing excellent potential for extension along strike.

- Grades of greater than 1.0 g/t Au have been demonstrated over true widths of 40 to 50 meter, at each of the southerly and northerly extremities of strike, which provides indications of the potential of "Zone 1".

- Nine of the 14 holes that have intersected the mineralized horizon to date have intersected narrow widths of greater that 10.0 g/t Au, ranging from 19.60 g/t Au over .55 meter to 29.43 g/t Au over 3.3 meter, suggesting the possibility of underground potential as well.

- "Zone 1", with a strike length of 1.2 km, represents 10% of the overall 12 km anomalous Kobada Trend.

The above results provide AGG with the confidence to move aggressively with the development of the Kobada Gold Project, initially within the targeted 1.2 km strike length within "Zone 1" of the concession and subsequently over the entire 12 kilometer strike length that comprises the Kobada Trend.

Our immediate objective will be to infill drill on 50 meter spacing between lines 1750S and 2150S, with the existing Longyear 38 rig that has remained on site since June 2006. A second drill rig has now arrived at the Mali border and is being processed by customs officials for entry into Mali and forward to the Kobada site. This second drill rig is a more powerful unit, capable of drilling to a depth of 900 meter down-hole. It is anticipated to be on-site prior to the end of the month. It is anticipated that this rig will focus on strike extension of the northerly and southerly extremities of "Zone 1" and eventually test targets throughout the 12 km Kobada Trend.

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.

Additional Information is available on the Company's website at www.africangoldgroup.com and on www.sedar.com and through the Company's offices at: BCE Place, Canada Trust Tower, 27th Floor, 161 Bay Street, Toronto, Canada M5J 2S1.

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.

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