African Gold Group, Inc.
TSX VENTURE : AGG

African Gold Group, Inc.

November 10, 2006 10:19 ET

African Gold Group, Inc.: Reconnaisance Drill Program Intercepts High Grade Gold Targets Over 3 Km of Strike at Nyankumasi, Ghana

TORONTO, ONTARIO--(CCNMatthews - Nov. 10, 2006) - African Gold Group, Inc., ("AGG" or the "Company") (TSX VENTURE:AGG) is pleased to report the assay results from seven diamond drill holes, that comprise a total of 2,001 metres drilled during AGG's September, 2006, Phase I diamond drill program at Nyankumasi, Ghana.

The Nyankumasi concession is located 30 km south-southwest of Newmont Mining's 5.4 million ounce Akyem project, (which is slated for production in 2008, following the construction of a US$500 million processing plant), and approximately 48 km east of AngloGold Ashanti's Obuasi mine. Three significant gold-in-soil anomalies, known as the "Linear", "Central" and "Northern" anomalies have been identified at Nyankumasi. The Phase I diamond drill campaign focused on testing the southern most "Linear Anomaly", where a recently completed geo-chemical survey identified a gold-in-soil mineralized strike length measuring approximately 4 km in length (see attached map).

Please note: There is a map available on CCNMatthews' website at the following link: http://www.ccnmatthews.com/docs/aggmap1109.pdf

The results from AGG's Phase I diamond drill program are shown in Table 1 below. All samples from this portion of AGG's September, 2006, drill program were analyzed by Eco-Tech Laboratory of Kamloops, Canada.



TABLE 1 RESULTS FROM AGG'S 2006 DIAMOND DRILL CAMPAIGN

SIGNIFICANT GOLD INTERSECTIONS
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SECTION Hole Interval (m) Gold
From To Length (g/t)
------------------------------------------------------------------
15000 NK06-01 48.20 75.45 27.25 0.19
84.00 96.00 12.00 0.40
incl. 84.00 85.00 1.00 0.92
------------------------------------------------------------------
15300 NK06-02 83.00 132.00 49.00 0.49
incl. 109.00 110.00 1.00 12.90
------------------------------------------------------------------
15800 NK06-03 80.76 95.00 14.24 0.19
100.00 113.50 13.50 0.13
126.00 127.00 1.00 7.14
------------------------------------------------------------------
14300 NK06-04 116.00 127.00 11.00 0.24
178.50 180.00 1.50 0.82
------------------------------------------------------------------
14600 NK06-05 100.50 107.50 7.00 0.26
------------------------------------------------------------------
17200 NK06-06 74.50 101.50 27.00 0.27
incl. 100.00 101.50 1.50 1.38
127.00 128.00 1.00 1.13
------------------------------------------------------------------
17600 NK06-07 57.00 70.50 13.50 2.06
incl. 61.50 63.00 1.50 17.40
75.00 78.00 3.00 7.78
incl. 76.50 78.00 1.50 14.70
90.00 106.50 16.50 0.23
incl. 169.40 171.00 1.60 1.08
------------------------------------------------------------------


In addition to the significant gold intersections, the Phase I diamond drill campaign identified significant base metal and silver occurrences, which are illustrated in Table 2 below.



SIGNIFICANT BASE METAL & SILVER INTERSECTIONS
--------------------------------------------------------------------------
SECTION Hole Interval (m) Copper Zinc Silver
From To Length (ppm) (ppm) (g/t)
--------------------------------------------------------------------------
14600 NK06-05 213.00 223.00 10.00 1530
incl. 221.00 222.00 1.00 6507 5.7
--------------------------------------------------------------------------
17200 NK06-06 74.50 94.00 19.50 1369
147.50 148.50 1.00 2426
--------------------------------------------------------------------------
17600 NK06-07 90.00 106.50 16.50 1681
135.50 147.50 12.00 2183
incl. 139.50 141.00 1.50 6137 2.1
--------------------------------------------------------------------------


"Nyankumasi has produced results that have not previously been seen in Ghana. We are dealing with a very large precious and base metals enriched structure that is 10s of meters wide and at least 3.0 kilometres in strike length. Both high grade and low grade gold values have been demonstrated in bedrock. DDH 7 was a very interesting surprise, the last hole drilled and collared furthest to the east, producing the best copper results of up to 0.66 % and gold intercepts of 17.4 g/t and 14.7 g/t over 1.50 metres each in a broader zone of enrichment of greater than 50.0 metres.

The primary focus of our drilling was the main gold geochemical anomaly and secondly, the copper gold anomaly along the same structure further to the east. The single hole drill sites are at least 300 metres apart along the three kilometres tested. This demonstrates the wide spaced nature of our first pass at this zone. All holes intersected a broad zone of sheared Birimian volcanics in contact with Tarkwain sediments. This faulted contact is consistently mineralized with pyrite, pyrrhotite and chalcopyrite and variably enriched in copper, zinc, gold and silver, truly a unique situation in the history of Ghanaian exploration and it remains wide open in all directions. We are very keen to get back to the task of defining a gold resource at Nyankumasi", stated Director, Greg Hawkins.

The geotechnical portion of this press release has been reviewed and approved by T. Greg Hawkins, P. Geo. a Qualified Person.

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, 27(th) 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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