Cluff Gold plc
TSX : CFG
AIM : CLF

Cluff Gold plc

December 22, 2010 12:12 ET

Cluff Gold plc: Directors' Dealings

LONDON, UNITED KINGDOM--(Marketwire - Dec. 22, 2010) - Cluff Gold plc ("Cluff Gold" or the "Company") (TSX:CFG)(AIM:CLF), the dual AIM/TSX listed West African-focused gold mining company, was notified on 22 December 2010 that on 22 December 2010 Peter Gardner, Finance Director of the Company, purchased 10,000 ordinary shares in the capital of the Company ("Ordinary Shares") at a price of 104.65 pence per Ordinary Share.

Following the transaction, Mr Gardner's is beneficially interested in 10,000 Ordinary Shares, representing 0.01% of the issued share capital of the Company.

About Cluff Gold

Cluff Gold is a gold developer-producer with assets in West Africa. The Company generates cash flow from its two producing assets, Kalsaka in Burkina Faso and Angovia in Côte d'Ivoire, which together produce a total of 100,000oz of gold per annum. The Company strives to become a mid-tier producer through the development of its wholly-owned Baomahun project in Sierra Leone, which is expected to contribute an additional 157,000oz of gold per annum, with significant exploration potential along strike. With its experience of bringing new mines into production, the Company aims to further increase its production profile with its highly prospective exploration work at all three projects.

This press release includes certain "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements other than statements of historical fact, included in this release, including, without limitation, the positioning of the Company for future success, statements regarding potential future production at Angovia, Kalsaka and Baomahun, exploration and drilling results at Baomahun, and future capital plans and objectives of Cluff Gold, are forward-looking information that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Cluff Gold's expectations include, among others, risks related to international operations, the actual results of current exploration and drilling activities, changes in project parameters as plans continue to be refined as well as future price of gold. Although Cluff Gold has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Cluff Gold does not undertake to update any forward-looking statements that are included herein, except in accordance with applicable securities laws.

NO REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.

Contact Information

  • Cluff Gold plc
    J.G. Cluff
    Chairman and CEO
    +44 (0) 20 7340 9790
    or
    Cluff Gold plc
    Catherine Apthorpe
    Commercial Manager /Company Secretary
    +44 (0) 20 7340 9790
    or
    Evolution Securities Limited
    Rob Collins
    +44 (0) 20 7071 4300
    or
    Evolution Securities Limited
    Tim Redfern
    +44 (0) 20 7071 4300
    or
    Pelham Bell Pottinger
    Investor Relations (Global)
    Charles Vivian
    +44 (0) 20 7861 3232
    or
    Pelham Bell Pottinger
    Investor Relations (Global)
    Klara Kaczmarek
    +44 (0) 20 7861 3232
    or
    Farm Street Communications Ltd
    Press Relations (U.K.)
    Simon Robinson
    +44 (0) 7593 340 107
    simon.robinson@farmstreetmedia.com