African Gold Ltd. advises that Mr. Phillip Gallagher has been appointed as Managing Director of the Company with immediate effect. Mr. Gallagher has had extensive experience in mineral exploration in West Africa having been the co-founder and managing director of ASX-listed Canyon Resources Ltd. for the past 12 years. During Mr. Gallagher's tenure, Canyon Resources completed a successful IPO, undertook numerous gold exploration programs in Burkina Faso and subsequently secured the world class Minim Martap Bauxite Project in Cameroon.

Mr. Gallagher led and successfully finalised negotiations with the Government of Cameroon to secure the Minim Martap Bauxite Project for Canyon Resources. He has previously held senior commercial and operational roles in both private and public companies Mr. Gallagher's experience in West Africa will prove invaluable to the Company as it continues its exploration and development programs in Cote D'Ivoire and Mali. The company also advised that Mr. Glen Edwards has resigned from his role as CEO and Exploration Manager of the Company.

Mr. Edwards will be available for a thorough handover to Mr. Gallagher prior to his final date with the Company on 3 October 2022.