African Gold Group, Inc. Announces Early Warrant Exercise Incentive Program

African Gold Group, Inc., ("AGG" or the "Company") (TSX VENTURE:AGG) is pleased
to announce the implementation of a warrant exercise incentive program (the
"Program") intended to encourage the exercise of up to 10,211,229 outstanding
common share purchase warrants (the "Eligible Warrants") of the Company which
were issued as part of the Company's private placement which closed on September
4, 2013. Each Eligible Warrant is currently exercisable for one common share
(each a "Common Share") of the Company at a price of $0.12 per Common Share, and
expires at 5:00 p.m. (Toronto time) on September 4, 2015.


To the extent that holders of Eligible Warrants take advantage of the
opportunity to exercise their Eligible Warrants early, this will fund working
capital purposes. Eligible Warrants that remain unexercised following the
completion of the Early Exercise Period (defined below) will continue to be
exercisable for Common Shares on the original terms as they existed prior to the
Program. 


Pursuant to the Program, the Company is offering an inducement to each holder of
Eligible Warrants ("Warrant Holders") that exercises Eligible Warrants during an
early exercise period (the "Early Exercise Period") consisting of an additional
common share purchase warrant (each an "Incentive Warrant"), with each Incentive
Warrant entitling the Warrant Holder to purchase one additional Common Share
until 5:00 p.m. (Toronto time) on September 4, 2015 at a price of $0.20 per
Common Share. 


The Early Exercise Period will commence tomorrow March 26, 2014 at 9:00 a.m.
(Toronto time) and expire on April 15, 2014 at 5:00 p.m. (Toronto time) (the
"Early Exercise Expiry Date"). The Incentive Warrants and any Common Shares
issuable on the exercise thereof will be subject to a four-month hold period
from the date of issuance of the Incentive Warrants pursuant to applicable
Canadian securities laws.


Depending upon the number of Eligible Warrants exercised during the Early
Exercise Period, the Company expects to: 




--  receive gross proceeds of up to $1,225,347.48; 
--  issue up to 10,211,229 Common Shares pursuant to the exercise of
    Eligible Warrants in accordance with the terms of the Eligible Warrants;
    and 
--  issue up to 10,211,229 Incentive Warrants to Warrant Holders pursuant to
    the exercise of the Eligible Warrants on or before the Early Exercise
    Expiry Date.



The terms and conditions of the Program and the method of exercising Eligible
Warrants pursuant to the Program are set forth in a letter which is being
delivered to the registered address of each Warrant Holder along with a
representation and warranties confirmation confirming that the securities
exemptions to be relied upon by the Company under the Warrant Holder's previous
subscription agreement are still true in relation to the issuance of the
Incentive Warrants. Warrant Holders who wish to participate in the Program will
agree to exercise their Warrants and deliver the other necessary documents in
consideration of the issuance by the Company of the Incentive Warrants. 


The Program has received conditional approval from the TSX Venture Exchange (the
"Exchange") and is subject to the receipt of all final regulatory approvals,
including final approval of the Exchange.


African Gold Group, Inc., based in Toronto, Canada, is fully focused on
transitioning from an exploration/development company into a gold producer. In
conjunction with this objective, a full Feasibility Study is currently underway
for AGG's Kobada, Mali gold project. The Company is projecting the Feasibility
Study will be completed in Q3/2014, at which time, the Company will submit an
application to obtain an Exploitation License to the appropriate Malian
authorities.


Additional Information is available on the Company's website at
www.africangoldgroup.com and on www.sedar.com and through the Company's offices
at: Sun Life Financial Tower, Suite 2518, 150 King St. West, Toronto, Canada,
M5H 1J9.


On Behalf of the Board: 

Michael A. J. Nikiforuk, President, Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
African Gold Group, Inc.
Michael A. J. Nikiforuk
(647) 288-0453
majn@africangoldgroup.com
www.africangoldgroup.com
African Gold (TSXV:AGG)
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