CEO Coastal Energy CO Com Usd0.01

African Gold Group, Inc. ("AGG" or the "Company") (TSX VENTURE:AGG) is pleased
to report the following Board and Management appointments: 




--  The appointment of Declan Franzmann as Director, President and Chief
    Executive Officer ("CEO"), reporting to AGG's Board of Directors. Mr.
    Franzmann's immediate focus is to accelerate the completion of the
    Feasibility Study and oversee and expedite the initiation of production
    at AGG's Kobada Gold Project, located in south-west Mali; and 
    
--  The appointment of Michael Nikiforuk, past President, Founder and
    Director of AGG, to Executive Director, Corporate Development. In his
    new role, Mr. Nikiforuk will focus on the Company's corporate social
    responsibility programs, community stakeholder and government relations
    initiatives. 



Appointments Intended To Fast-Track The Kobada Gold Project Into Production 

Mr. Declan Franzmann, a professional mining engineer, has more than 22 years
experience in corporate, operational and senior engineering roles. Declan has
accumulated significant experience working on gold projects within Australia and
internationally. Most recently, Declan was Founding Director of Crosscut
Consulting, a resource engineering business providing mine planning and
management services since 2005. Mr. Franzmann has held senior management roles
at the Tritton, CSA, Gympie, and Chariot Mines. He has extensive experience in
both underground and open-pit mining as a professional engineer. Declan has held
executive and non-executive director positions for several ASX and TSX listed
companies, most recently for Lachlan Star Limited (TSX:LSA). Mr. Franzmann
completed a Bachelor of Engineering (Mining) at the University of Ballarat,
Victoria, Australia and holds First Class Mine Manager's Certificates in Western
Australia, Queensland and NSW. Declan is a Fellow of the Australasian Institute
of Mining and Metallurgy ("FAusIMM").


Executive Director, Corporate Development of AGG, Michael. Nikiforuk commented,
"Over the past several months our Executive Team and Board have worked
extensively in the search for a CEO with the right credentials and experience
required to develop AGG's Kobada gold project. It gives me great pleasure to
welcome Declan on behalf of the entire AGG team. The depth of Declan's
experience in the development of gold projects and his background in mine
planning will be invaluable during this significant period of AGG's growth. We
are excited at the prospect of continuing to demonstrate the exceptional
economics of the Kobada Project through the impending Feasibility Study, with a
view to aggressively transitioning the Company from explorer/developer to gold
producer."


Newly appointed Director, President and CEO of AGG, Declan Franzmann comments,
"I am excited to be joining AGG at this very important time in the Company's
growth and I look forward to working with the team as we progress Kobada towards
production. I am convinced that Kobada is a strong project both technically and
economically. The simplicity of the deposit and metallurgical characteristics
will make for a robust bulk mining operation. I am particularly impressed by the
extent and potential of the mineralized system and believe there is significant
exploration potential outside of the present Indicated and Inferred Mineral
Resource."


In respect to his appointment as President and CEO of the Company, Mr. Franzmann
has been granted 1,000,000 incentive stock options exercisable at $0.15 per
share, expiring on April 29, 2019. The Company has also agreed to grant Mr.
Franzmann an additional 500,000 options once there is availability under the
Company's stock option plan. 500,000 of Mr. Franzmann's incentive stock options
will vest immediately; an additional 500,000 options will vest upon Mali's
Minister of Mines granting AGG a Mining License for Kobada with the final
500,000 incentive stock options vesting upon the first pour of gold at Kobada.
The granting of the options is subject to regulatory approval of applicable
filings.


Non-brokered Private Placement 

AGG is also pleased to announce a proposed non-brokered private placement
offering of up to 18,333,333 units (each a "Unit") at $0.12 per Unit for gross
proceeds of up to $2,200,000 (the "Offering"). Each Unit is comprised of one
common share and one-half (1/2) of one common share purchase warrant (each a
"Warrant"). Each Warrant entitles the holder to purchase one common share at an
exercise price of $0.18 per share for a period of two years from the closing
date of the Offering. 


In connection with the Offering, the Company may pay eligible persons (the
"Finders") a finder's fee equal to up to 5% of the gross proceeds from the Units
placed by the Finder in cash and also issue compensation warrants (each a
"Compensation Warrant") equal to 5% of the total number of Units placed through
each Finder under the Offering. Each Compensation Warrant entitles the holder to
acquire one common share at $0.12 for a period of 12 months from the closing
date of the Offering.


The proceeds of the offering will be used for the completion of the Feasibility
Study, as well as, additional drilling, metallurgical and mine planning studies
and general working capital. The securities issued pursuant to the Offering will
all be subject to a 4 month regulatory hold period, commencing from the date of
closing. The Offering remains subject to TSX Venture Exchange approval and of
requisite regulatory filings. 


About African Gold Group 

African Gold Group, Inc., based in Toronto, Canada, is fully focused on
transitioning from an exploration/development company into a gold producer. In
conjunction with this objective, a full Feasibility Study is currently underway
for AGG's Kobada Gold Project, located in south-west Mali, West Africa. The
Company is projecting the Feasibility Study will be completed in Q3 2014, at
which time the Company will submit an application to obtain an Exploitation
License to the appropriate Malian authorities. Additional Information is
available under the AGG's profile on the SEDAR website at www.sedar.com and on
the Company's website at www.africangoldgroup.com.


On Behalf of the Board: 

Michael A. J. Nikiforuk, Executive Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


This press release includes certain "Forward-Looking Statements." All
statements, other than statements of historical fact included herein, including
without limitation, statements regarding future plans and objectives of African
Gold Group; and statements regarding the ability to develop and achieve
production at Kobada are forward-looking statements 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 African Gold Group's expectations have been disclosed under the
heading "Risk Factors" and elsewhere in African Gold Group's documents filed
from time-to-time with the TSX Venture Exchange and other regulatory
authorities. African Gold Group disclaims any intention or obligation to update
or revise any forward looking statements whether resulting from new information,
future events or otherwise, except as required by applicable law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
African Gold Group, Inc.
Michael A. J. Nikiforuk
(647) 288-0453
majn@africangoldgroup.com

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