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TORONTO, ONTARIO--(Marketwire - Dec. 24, 2010) -




NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES



African Gold Group, Inc. (TSX VENTURE:AGG) ("AGG" or the "Company") announces that, subject to regulatory approval, it has granted certain directors, officers and employees of AGG an aggregate total of 390,000 incentive stock options to purchase common shares of the Company at the exercise price of $0.92 per common share for a period of five (5) years from the date of issuance, being December 24, 2015. All options shall vest upon grant.


About African Gold Group, Inc.


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 eleven gold concessions that are consolidated in five distinct standalone exploration projects, of which three projects are located in Ghana and the remaining two are located in Mali, West Africa.




FOR FURTHER INFORMATION PLEASE CONTACT: Michael A. J. Nikiforuk
African Gold Group, Inc.
(416) 644-8892 ext 101
[email protected]
http://www.africangoldgroup.com/">www.africangoldgroup.com