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To: Boolish who wrote (69681)	2/5/2011 7:18:03 PM
From: roymario	Read Replies (1) \| Respond to of 233807

e-mail: debbie.lewis@canaccord.com e-mail: david.pescod@canaccord.com January 14, 2011 AN INTERVIEW WITH MICHAEL NIKIFORUK PRESIDENT OF AFRICAN GOLD GROUP (As of January 13, 2011) We are here with Michael Nikiforuk and it looks like he has a very nice adventure that’s about to start happening in Africa shortly. I guess that’s the suitable location for a company called African Gold Group. (African Gold is the top pick of Jed Richardson, one of our top stock pickers. Remember Amazon and Quest?) David Pescod: Mike, why don’t you tell us your interpretation of your potential, being right beside Keegan Resources (KGN). Mike Nikiforuk: Being next to Keegan, we are talking about our holdings in Ghana. We hold 94% of the northern Asankrangwa footprint with a 456 square kilometer holding comprised of 5 contiguous concessions as compared to Keegan’s 28 square kilometer Esaase concession which is reported to be hosting an inferred resource in the magnitude of 4.9 million ounces. So, we are delighted with Keegan’s progress. They have obviously brought a great deal of attention to the belt and that’s an interesting thing about Ghana is that Ghana, despite the prospectivity and the extent and number of producing mines, there is still tremendous potential there as exhibited or illustrated by Keegan’s very recent success. Of course, given our proximity or closeology to Keegan where we are sharing a common border with them on the northwest flank of our holdings that are of considerably greater size, what we are counting on and speculating on is that we would either have extension of their structure up into our northwest quadrant or equally as favorably, we believe a parallel structure that may be hosting similar mineralization. It will take time and money to ascertain, but we have in fact spent some money on our Asankrangwa Holdings – not a great deal over the years, but we have drilled it and we have economic grade over mineable width, in several of the holes that we drilled, we’ve got a phenomenal target in our southern concession which we refer to as Manso Atwere. A picture of the “Massive” artisanal pit, hand dug by the locals and estimated to have excavated approx. 600,000 metric tons of material—Manso Atwere Concession, Asankrangwa Holdings, Ghana. African Gold Group David Pescod T: 780.408.1750 Debbie Lewis T: 780.408.1748 Fax: 780.408.1501 Page 2 It’s a 7.2 square kilometer concession that is hosting an enormous artisanal pit that is in the vicinity of 200 metres in length, 30 to 40 meters wide, 30 to 40 meters deep. This is not surface enrichment…this is hard rock mining. We have yet to test underneath this pit, but we think it hosts tremendous potential as a highly prospective target. DP: This is truly a sweet area of Africa to be looking in because we notice some previous mines also in the similar area where you are. Just looking at some of the other mines in the area besides Keegan… MN: Ghana is host to the Obuasi Gold Mine which is an Anglogold Ashanti project at this point in time – formerly Ashanti Goldfields. This is a mine that’s in the magnitude of 50 plus million ounces, been in commercial production for over 100 years and is down about 1 ½ km and has a long way to go in terms of its commercial history. We’ve got Goldfields with its most profitable mining operation in the world at Tarkwa. We’ve got Newmont with their Ahafo Project. When Newmont entered Ghana in 2002 through the acquisition of Normandy, one of the first things that Denver stated they were going to do during the reign of Pierre LaSonde, the CEO, was to sell those West African holdings in Ghana and today, Ahafo is producing over 500,000 ounces Au a year for Newmont. The resource is pushing close to 20 million ounces and Ghana is now Newmont’s fifth global operating district and the cornerstone of Newmont’s Pan African strategy. and this all started since 2002. There is Golden Star, producing at Bogoso/Prestea; Perseus from Australia is developing the Central Ashanti Gold Project, formerly known as Ayanfuri, etc, etc. Ghana was formerly known as the “Gold Coast” for a very real reason. There is a lot of gold there. It’s home to the fabled Ashanti Kingdom which goes back centuries and it’s a kingdom based on gold and gold trading and it’s just a phenomenal jurisdiction not only for geologic reasons, but also for political stability. It’s come a long way and it’s going to go a long way further. DP: When does work start on your program, how big is it and when do you expect the first drilling results? MN: AGG has four distinct gold projects in its portfolio – three in Ghana and one in Mali. Our most advanced project is our flagship asset in Mali – The Kobada Gold Project. To receive the Late Edition and be on our daily circulation simply e-mail Debbie at Debbie.lewis@canaccord.com and give your address, phone number and e-mail and we’ll have you on the list tonight. A map showing AGG’s Asankrangwa Holdings and their proximity to Keegan’s Esaase Deposit + the site of the BIG artisanal pit at AGG’s Manso Atwere concession.