Vancouver, British Columbia–(October 4, 2021) – Central African Gold Inc. (TSXV: CAGR) (FSE: BC2) (OTCQB: NDENF) (the “Corporation” or “Central African Gold“) is pleased to announce the Corporation has filed an independent National Instrument 43-101 technical report dated October 1, 2021 on Sedar (www.sedar.com). The report is titled “National Instrument 43-101 Technical Report for the Zani-Kodo Gold Project, Democratic Republic of Congo” and was completed by Geosure Resource Consultants PTY.
The Corporation also announces the grant of 2,000,000 incentive stock options (the “Stock Options”) to certain of its directors, officers, consultants, and employees pursuant to the Corporation’s Stock Option Plan. The options are exercisable for a period of five years at a price of CAD$ 0.20 per share.
About Central African Gold Inc.
Central African Gold is a natural resource company with a primary focus on the acquisition, exploration, development, and operation of battery metal copper, cobalt, and nickel mineral projects in the DRC. The implementation of a carbon credit program will complement battery metals operations and meet important ESG requirements. Central African Gold has the intention to acquire interests in additional concessions or relinquish concessions in the normal course of business. Central African Gold has an experienced management team located in the DRC.
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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain “forward-looking information” within the meaning of applicable securities laws including, but not limited to the Corporation’s intention to become involved in advanced stage mining projects in the DRC; the satisfactory completion of due diligence on the Musefu Gold Project; the closing of the acquisition of the Musefu Gold Project; the origin and methodology of historic assay results; the ability to use open-pit mining techniques and the completion of the announced necessary financings to fund the Corporation. Although the Corporation believes considering the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them as the Corporation can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release. The Corporation undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Corporation its securities, or its financial or operating results.