Central African Gold Appoints Yves Kabongo as CEO

July 12, 2021 at 06:30 AM EDT

Vancouver, British Columbia--(Newsfile Corp. - July 12, 2021) - Central African Gold Inc. (TSXV: CAGR) (FSE: BC21) (OTCQB: NDENF) (the "Corporation" or "Central African Gold") is pleased to announce the Corporation has appointed Mr. Yves Kabongo as CEO replacing Stephen Barley who will remain as Executive Chairman.

Yves Kabongo is a seasoned businessman with experience in all aspects of mining in the DRC and has an intimate knowledge of the business practices and laws of the DRC. Mr. Kabongo has held management roles with a major Canadian bank and with numerous mining companies with operations in the DRC. He was born in the DRC, educated in Canada, and holds a degree in Financial Management from HEC Business School in Montreal, a mini-Executive MBA from McGill University, and a Certificate in Treasury Management from the Treasury Management Association of Canada. Mr. Kabongo has a vast network of strong relationships spanning all aspects of DRC business and politics. Yves Kabongo is currently based in Kinshasa, the capital city and key business and political centre. He formerly held the role of Chairman of a DRC subsidiary of Central African Gold.

Mr. Kevin Torudag, Senior Advisor stated: "We are extremely pleased to announce the appointment of Yves as CEO of the Corporation. There are very few individuals possessing the knowledge and skill set he has and the ability to fully understand and bridge the gap between the DRC and the international financial and mining community. Central African Gold has an extremely ambitious expansion plan involving the acquisition of multiple projects in the base and precious metals space in the DRC. To meet the Corporation's goals, we needed a permanent and reputable presence in Kinshasa and Yves Kabongo is a well-known and respected member of the business and mining sector in this city. The addition of Yves completes our already impressive DRC team and will enable Central African Gold to compete at the highest level in this complex environment which is essential to success in this country."

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 mineral projects in the Democratic Republic of the Congo ("DRC"). Central African Gold currently holds rights to multiple mineral projects with base and precious metal potential strategically located in the southern DRC. 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.

For further information, please contact:
Stephen Barley, Executive Chairman
Phone: (604-834-2968)
Email: info@centralafricangold.com
Website: www.centralafricangold.com

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This news release may contain "forward-looking information" within the meaning of applicable securities laws. 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.

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