African Gold Group, Inc.

African Gold Group, Inc.

May 01, 2007 17:00 ET

African Gold Group, Inc. Releases 2006 Audited Financial Statements

TORONTO, ONTARIO--(CCNMatthews - May 1, 2007) - African Gold Group, Inc. ("AGG") (TSX VENTURE:AGG) is pleased to announce the release of its audited financial results for the year ended December 31, 2006, as well as, the accompanying Management Discussion and Analysis (the "Audited Financial Statements").

The Company's Audited Financial Statements can be accessed on SEDAR at

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 and on 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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