A growing platform for quality West African gold projects INVESTOR PRESENTATION | SEPTEMBER 2017
CAUTIONARY STATEMENT This Presentation is for information purposes in connection with African Gold Group materially, and a number of factors may cause our actual results to differ materially known as “ AGG ” or the “Company”(s), preliminary business plan only. While the from any such statement. Such factors include among others general market information contained herein has been prepared in good faith, neither the conditions, demand for our products, development in reserves and resources, Company nor any of its shareholders, directors, officers, agents, employees, unpredictable changes in regulations affecting our markets, market acceptance of consultants or advisers give, have given or have authority to give, any products and such other factors that may be relevant from time to time. representations or warranties (express or implied) as to, or in relation to, the accuracy, reliability, completeness or suitability of the information in this Although we believe that the expectations and assumptions reflected in the Presentation, or any revision thereof, or of any other written or oral information statements are reasonable, any person relying on such Information and made or to be made available to any interested party or its advisers (all such Presentation are cautioned that we cannot guarantee future results, levels of information being referred to as "Information") and liability therefore is expressly activity, performance or achievement. 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The Information different from any future results, performances or achievements expressed or in this Presentation concerning the business and its affairs, shareholders, directors, implied by the forward-looking statements. Forward-looking statements may in officers, agents, employees, consultants or advisers or any other matter must be some cases be identified by terminology such as “may”, “will”, “could”, “should”, kept confidential at all times. If the Company suffers loss, damage or liability of any “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict”, “potential” kind in connection with your breach of the restriction on reproduction or use, you or “continue”, the negative of such terms or other comparable terminology. These will indemnify the Company from and against such loss, damage or liability. forward looking statements are only predictions. Actual events or results may differ | TSX.V: AGG SEPTEMBER 2017 | 2
AFRICAN GOLD GROUP - VISION & STRATEGY A New Platform for Growth in West Africa. Current Portfolio of Projects: Kobada Gold Project | Mali • 2.2Moz Resource • Near-term production • Advanced stage of permitting • “Shovel ready” Madougou Project | Burkina Faso • Large land package, 30km from Endeavour’s Karma Mine • Exploration stage; several highly prospective targets identified • Excellent mineral growth and development potential | TSX.V: AGG SEPTEMBER 2017 | 3
CORPORATE STRUCTURE OVERVIEW 10 YR. SHARE PRICE (HIGH: $1.90; LOW: $0.04) Trading Symbol (TSX.V) AGG Shares Outstanding 359.6 M Options 28.4 M New Board & Management Warrants 123.0 M Share Price (12/09/17) $0.045 52 Week Range $0.04 - $0.10 MAJOR SHAREHOLDERS Avg. Daily Volume 373,000 F&M and Affiliates 26.9% Georges Cohen 9.8% Market Cap. $16.2 M Marco Durante 3.3% Cash $3.4 M Sentry Investments 2.1% Debt Nil * As at last reported quarter, Q2 ending June 30, 2017 | TSX.V: AGG SEPTEMBER 2017 | 4
TRACK-RECORD OF VALUE CREATION IN WEST AFRICA New Management & Board since March 2017 New team has extensive experience and past successes in West African mine project discovery, development, financing and operation – most notably with Avion Gold. ▪ The management team of Avion is largely intact, is now the largest shareholder of AGG and in charge of its administration ▪ The group originally acquired the assets for $0.20 on the dollar and later sold the company to Endeavour Mining for $400M ▪ From its acquisition to its ultimate sale, Avion raised a total of $142.5M and completed two M&A transactions which returned considerable value to the company ▪ The company acquired the Houndé project for $4.09M in January 2010 which is expected to pour gold in Q417 and “become Endeavour’s flagship mine” ▪ Avion successfully restarted operations in Mali profitably and was forecasting production between 140,000 and 150,000oz in fiscal 2012 prior to being acquired by Endeavour | TSX.V: AGG SEPTEMBER 2017 | 5
BOARD OF DIRECTORS Stan Bharti, P. Eng, M. Eng. - Chairman Sir Sam Jonah- Director • • Professional mining engineer, business consultant, Executive chairman of Jonah Capital, an investment holding international financier and seasoned entrepreneur. company in South Africa., chairman of both Hollard Insurance Company Ltd and Iron Mineral Beneficiation Services, member • + 30 years of professional experience in business, of the Global Advisory Council of Bank of America member of finance, markets, and operations. Former Chairman of the trustee board of The Investment Climate Facility. Avion Gold • He also worked for Ashanti Goldfields Company Limited, Bruce Humphrey - Director becoming CEO in 1986, and was formerly executive president of AngloGold Ashanti Ltd. and executive director of Lonmin Plc. • Formerly served as Chairman of Consolidated Thompson Iron Mines, President and CEO of Desert Sun Mining, and Hon. Pierre Pettigrew- Director Senior Vice President and COO of Goldcorp. • Former director or Avion Gold • Held a distinguished career as a Canadian federal cabinet minister, serving as Minister of Foreign Affairs from 2004 to John Begeman - Director 2006 and Minister for International Trade from 1999 to 2003 • • Since 2006 he has been an Executive Advisor, International at Current Executive Chairman of Premier Gold Mines, Deloitte & Touche LLP. director of Yamana Gold Inc. and Aberdeen International. • • Former director of Avion Gold Former President and CEO of Avion Gold , President, CEO and director of Valencia Ventures, COO of Zinifex Canada, VP Western Operations for Goldcorp. Stephan Theron – CEO, Director Marco J. Durante - Director and Founder • +18 years of senior management, capital project development • Substantial past experience with mining companies and M&A experience within the mining industry. including Banro Resource Corp. and Lyndex Exploration; • Current CEO of Trigon Metals. Former CEO of Forbes Coal focusing on Investor Relations strategies and financing (Buffalo Coal), and director of True Gold Mining. initiatives. | TSX.V: AGG SEPTEMBER 2017 | 6
THE PROLIFIC GOLD- PRODUCING “ BIRIMIAN GREENSTONE BELT” The Kobada and Madougou projects are located within the prolific “ Birimian Greenstone Belt”. Madougou Mali Kobada | TSX.V: AGG SEPTEMBER 2017 | 7
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