Disposal of Malian Assets - Extension of Timetable

Central African Gold Plc / Ticker: CAN / Market: AIM / Sub-sector: Gold Mining

2 March 2010

Central African Gold Plc ('CAG' or 'the Company')

Disposal of Malian Assets - Extension of Timetable to Completion

Central African Gold Plc, the AIM quoted gold mining and exploration company, today announces that the completion of the disposal of CAG's Malian assets to Colonial Resources Limited has been extended from 3 March 2010 to 10 March 2010 ('the Extension').

The Extension is to allow CAG further time to procure an executed agreement between CAG, Songhoi Resources SARL, Mani SARL and Colonial Resources Limited in connection with a joint venture agreement between CAG and G.I.E. Geo-Consul ('the Agreement').

A further announcement will be made in due course.

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For further information please visit www.centralafricangold.com or contact:

Notes to Editors 

Central African Gold Plc is an established gold mining company with a portfolio of production and exploration assets in Africa. The Company has two subsidiaries in Zimbabwe: Falcon Gold Zimbabwe Limited (84.7 per cent. owned) and Olympus Gold Mines Limited (100 per cent. owned); and a subsidiary in southern Botswana with a licence covering 430.3km² of the extension of the Kraaipan greenstone belt from South Africa.