African Gold Group, Inc.: Mankraho Project Update-Drill Holes 1 Through 12 Intersect Gold Mineralized Zones.

TORONTO -- African Gold Group, Inc., ("AGG") (TSX VENTURE:AGG) is pleased to report the results of diamond drill holes 1 through 12 of AGG's Phase 1 exploration program at the Mankranho concession, located in Ghana, West Africa.

Following the receipt of check analyses and further new results for holes 6, 9, 10, 11 & 12 from Eco-Tech Laboratories of Kamloops, Canada, an updated table of significant results for diamond drill holes 1 through 12 is presented below. All drill results represent analysis performed by Eco-Tech Laboratories.(i)

Highlights

AGG is encouraged by the results from the Phase 1 drilling program on the Mankranho concession within Area I. In particular:

- Area I, North: widths up to 18.62 metres at 1.25 g/t gold;
- Area I, South: widths up to 15.98 metres of 1.86 g/t gold; and
                 widths up to 5.35 metres of 2.22 g/t gold

The Mankranho concession is located at the north-eastern end of the Sefwi Gold Belt in Ghana and lies along strike and contiguous to Newmont Mining Corp.'s ("Newmont") 9.1 Moz Ahafo gold project, where production has been scheduled for Q2, 2006. The Mankrahno concession has been subdivided into four separate areas (Area's I, II, III and IV) based on historical and/or current soil sampling, pitting, trenching, ground magnetic and IP geophysics (see attached map).

Mr. Greg Hawkins, P. Geo., a director of AGG, states that, "the continuity of mineralised sections along strike and to depth is very encouraging and results support the notion of fold and fault controlled gold. Although much needs to be done to fully understand what controls the economic concentrations, the broad widths of mineralization, isolated high-grade gold veins and numerous occurrences of visible gold all support the expectation of developing the broad economic grades encountered in the same geologic environments by Newmont at their Ahafo project, to our south."

AREA I

All of Phase 1 diamond drilling was concentrated within a region of Area I, ranging from approximately 1 kilometre and up to 3.5 kilometres north of the Newmont border and lying along strike of the Ahafo mineralized trend. These initial diamond drill holes were selected in order to gain a better understanding of:

- The geological signature of the region;
- The orientation of the geological structure; and
- The geological features that control mineralization in the region.

To date 24 diamond drill holes, targeting three distinct gold-in-soil anomalies within Area I (see map) have been completed, totaling 6,445 metres. Complete results from all mineralized zones in holes 1 through 12 comprise the subject of this press release. The Company anticipates reporting complete results from all mineralized zones in holes 13 through 24 during the week of November 15, 2004.

As detailed in AGG's press release dated September 20th, 2004, the broad, lower grade gold-bearing zones intersected in Area I occur typically within tuffs and argillites exhibiting ductile deformation. Data from the initial drilling (i.e., core orientation data) in addition to newly acquired geophysics and satellite remote sensing data will greatly assist in a more detailed structural interpretation. The results of this exercise will be utilized to focus future drilling on the identification and delineation of brittle deformation structures which commonly host the majority of lode gold deposits in the Ahafo area (i.e., large scale faults, extensive shear zones or fold hinges).

Area I - North

Area I North is located in the northeastern region of Area I (refer to map). Six drill holes tested 200 metres of strike under trenches T5 (historic results included 1,321 ppb gold over 12 metres) and T6 (historic results included 1,062 ppb gold over 21 metres). Quartz veining and pyrite +/- arsenopyrite mineralization is hosted within welded lithic/crystal tuffs characterized by blue quartz eyes. Zones of jasper/K-spar inter-banded with up to 30% magnetite and thin (less than 1m) quartz-feldspar porphyry sills were also encountered.

Gold mineralization in Area I North appears to be associated with multi-phase quartz veining including vein swarms/quartz flooding +/- carbonate, disseminated fine-grained pyrite, thin shear zones, and quartz-sericite-pyrite alteration zones.

Significant Intersections: Area I - North

Section 129+00E
Trench 5: 0.74 g/t Au over 31 metres, including 1.32 g/t Au over 12
--------  metres

---------------------------------------------------------------------
                                           Interval (m)
  Hole                            -------------------------- Au (g/t)
                                   From        To     Length
---------------------------------------------------------------------
---------------------------------------------------------------------
MN04-08                           125.20     134.00     8.80    1.28
   incl                           132.50     134.00     1.50    5.21
---------------------------------------------------------------------
MN04-09                           141.32     160.33    19.01    0.68
   incl                           147.30     151.80     4.50     1.5
---------------------------------------------------------------------
MN04-11                           235.00     236.50     1.50    4.52
---------------------------------------------------------------------

Section 130+00E
Trench 6: 1.06 g/t Au over 16 metres, including 1.88 g/t Au over 11
--------  metres

---------------------------------------------------------------------
                                           Interval (m)
  Hole                            -------------------------- Au (g/t)
                                   From        To     Length
---------------------------------------------------------------------
---------------------------------------------------------------------
MN04-02                            74.65      93.27    18.62    1.25
   incl                            74.65      78.03     3.38    2.57
    and                            88.20      89.37     1.17    5.54
---------------------------------------------------------------------
MN04-04                            91.08      92.58     1.50    1.16
                                  146.75     149.70     2.95    0.53
---------------------------------------------------------------------
MN04-05                           123.00     124.50     1.50    1.64
                                  165.80     167.30     1.50    1.02
---------------------------------------------------------------------

Area I - South

Area I South is located in the southwestern extent of Area I (refer to map). Six drill holes drilled under two trenches (T10 and T17) testing over 200 metres of strike length. Broad mineralized gold zones up to 17.97 metres in width are hosted within volcanoclastics and zones of graphitic and magnetite-rich argillites. Gold-bearing quartz veining and sulphide mineralization is commonly characterized by strong sericite alteration and magnetite destruction. Significant selected intersections from Area I South (complete results) include:

Significant Intersections: Area I - South

Section 114+00E
Trench 17: 0.63 g/t Au over 17 metres
---------

---------------------------------------------------------------------
                                           Interval (m)
  Hole                            -------------------------- Au (g/t)
                                   From        To     Length
---------------------------------------------------------------------
---------------------------------------------------------------------
MN04-01                            62.55      72.91    10.36    0.98
   incl                            64.35      68.88     4.53    1.46
                                   91.80     100.85     9.05    0.54
                                  126.10     134.49     8.39     0.4
---------------------------------------------------------------------
MN04-03                            60.50      76.48    15.98    1.86
                                  101.15     108.83     7.68    0.69
                                  133.20     151.17    17.97    0.93
   incl                           133.20     138.55     5.35    2.22
---------------------------------------------------------------------
MN04-06                            71.54      88.13    16.59    0.56
                                   76.01      79.05     3.04    1.18
                                  101.76     104.70     2.94    1.81
                                  131.16     132.77     1.61    1.46
                                  150.70     152.23     1.53    1.93
---------------------------------------------------------------------

Section 116+00E
Trench 10: 1.86 g/t Au over 26 metres, including 4.30 g/t Au over 10
---------  metres

---------------------------------------------------------------------
                                           Interval (m)
  Hole                            -------------------------- Au (g/t)
                                   From        To     Length
---------------------------------------------------------------------
---------------------------------------------------------------------
MN04-07                            64.98      67.87     2.89    0.75
                                  134.73     150.88    16.15    0.64
   incl                           137.65     146.42     8.77    0.84
---------------------------------------------------------------------
MN04-10                            98.59      99.75     1.06    1.16
                                  108.51     111.56     3.05    2.61
                                  132.58     149.37    16.79    0.36
---------------------------------------------------------------------
MN04-12                           155.95     159.48     3.53    2.53
                                  205.80     217.80    12.00    0.51
---------------------------------------------------------------------

This press release has been reviewed and approved by Christopher O. Naas, P. Geo., a Qualified Person.

(i) Trench data in this release is from assay results provided by Eco-Tech Laboratories of Kamloops, Canada, SGS Laboratory Services of Tarkwa, Ghana and Transworld Laboratories, also of Tarkwa, Ghana.

African Gold Group, Inc., based in Toronto, is engaged in the identification, acquisition and exploration of prospective gold projects situated along significant gold trends in Ghana, West Africa. The Company's immediate focus is to systematically explore both surface and in particular, subsurface targets along three major gold trends: the Sefwi, Asankrangwa and Ashanti Gold Belts.

On Behalf of the Board:
Kevin J. van Niekerk
President and Chief Executive Officer
-------------------------------------


BCE Place, Canada Trust Tower,
27th Floor, 161 Bay Street,
Toronto, Canada M5J 2S1
e.mail: [e-mail]
website: www.africangoldgroup.com

NOTE: To view a Compilation Map of the Mankranho Concession, please click on the following link:

http://www2.cdn-news.com/database/fax/2000/agg1109.pdf

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.