TSX.V:CUCO | FSE:BC21 | WKN:A3DEJG | OTCQB:NDENF

Central African Gold Announces Name Change

Vancouver, British Columbia–(February 3, 2022) – Central African Gold Inc. (TSXV: CAGR) (FSE: BC2) (OTCQB: NDENF) (the “Corporation” or “Central African Gold“) is pleased to announce that it will be completing a corporate name change to “African Energy Metals Inc.” and will begin trading under a new stock ticker symbol “CUCO” at the start of trading on Monday, February 7, 2022, on the TSX Venture Exchange. The Company’s ISIN and CUSIP numbers will change to CA00833F1099 and 00833F109, respectively.

No action is required to be taken by shareholders with respect to the name change. Outstanding share and warrant certificates are not affected by the name and ticker symbol change and do not need to be exchanged.

About Central African Gold Inc.

Central African Gold is a natural resource company with a focus on the acquisition, exploration, development, and operation of copper, cobalt, and lithium energy metals projects in the DRC. The Company is implementing a carbon credit program complementary to mining operations, and to meet important ESG requirements, and present an opportunity for early revenue. 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, Chairman & CEO
Phone: (604-834-2968)
Email: info@centralafricangold.com
Website: www.centralafricangold.com

Reader Advisory

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.

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