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Central African Gold plc - Gold Reserve and Resource Estimates for Zimbabwe Gold Mining Properties



Central African Gold Plc / Ticker: CAN / Market: AIM / Sub-sector: Gold Mining 20 October 2010 Central African Gold Plc NI 43-101 Compliant Gold Reserve and Resource Estimates for Zimbabwe Gold Mining Properties
Central African Gold Plc (CAG or the Company), the AIM quoted gold mining and exploration company, announces that its major shareholder, New Dawn Mining Corp.

(NDM), has completed and released to the market a technical report compliant with National Instrument 43-101 (the NI 43-101 Report), being the Canadian national instrument for the Standards of Disclosure for Mineral Projects.

The CAG technical report has been filed on SEDAR (www.sedar.com), under New Dawn Mining Corp., and is available on CAGs website.
The NI 43-101 Report includes gold reserve and resource estimates for CAGs Zimbabwe gold mining properties held through its two subsidiaries, Falcon Gold Zimbabwe Limited (Falgold) (84.7 per cent.

owned) and Olympus Gold Mines Limited (Olympus) (100 per cent.

owned).
Summary of CAGs Total Gold Reserves and Resources in Zimbabwe, as set out in the NI 43-101 Report:
CAGs attributable interest in Falgold and Olympus consists of:
* Gold Reserves of 59,600 ounces, grading 3.50 g/t, contained in 523,300 tonnes of mineralised material.
* Gold Resources (inclusive of reserves) of 830,200 ounces, grading 1.50 g/t, contained in 16,820,700 tonnes of mineralised material.
* Inferred Gold Resources of 218,300 ounces, grading 4.60 g/t, contained in 1,482,500 tonnes of mineralised material.
The NI 43-101 Report that includes the above gold reserve and resource estimates for the Companys Zimbabwe gold properties was prepared by Michael Othitis of Medusa Geo-Consulting LLC, who is an Independent Qualified Person as defined by NI 43-101.

The contents of this news release were supervised and reviewed by Ian R.

Saunders, B.Sc., who is an Executive Director of CAG and President, Chief Executive Officer, and a director of NDM, and is also a Qualified Person within the meaning of NI 43-101.
**ENDS**
For further information please visit www.centralafricangold.com or contact:
Roy Pitchford/ Ian Saunders
Central African Gold Plc Tel: +44(0)77 9390 9985 Tel: +(263) 9 76826/7/8 Stuart Faulkner/ James Spinney
Strand Hanson Limited Tel: +44(0)20 7409 3494 Hugo de Salis / Felicity Edwards St Brides Media and Finance Ltd Tel: +44(0)20 7236 1177
Notes to Editors CAG Central African Gold Plc is a gold mining company with a portfolio of production, development and exploration assets in Zimbabwe, where the Company operates through two subsidiaries, Falcon Gold Zimbabwe Limited (84.7 per cent.

owned) and Olympus Gold Mines Limited (100 per cent.

owned).

Through these subsidiaries, CAG has five main gold mines, the Dalny, Old Nic, Golden Quarry, Venice and Camperdown mines, which are located in the highly prospective Kadoma, Shurugwi and Bulawayo gold regions in Zimbabwe. NDM The Companys 88.68% shareholder is Toronto Stock Exchange listed New Dawn Mining Corp.

(NDM), a gold company with a broad portfolio of production and exploration assets also in Zimbabwe.

NDM owns and operates the Turk and Angelus Mines in the upper southwest area of Zimbabwe, which it believes have the potential to produce an estimated 35,000 to 50,000 ounces of gold per annum.

It is NDMs objective to orchestrate the development of CAGs mining operations and exploration portfolio, as well as its own, to become a mid-tier gold producer focussed in Zimbabwe, with a consolidated annualised gold production to between 50,000 and 60,000 ounces within the next 18 to 24 months, increasing to 100,000 ounces within four to five years.
Susie Geliher St Brides Media & Finance Ltd Chaucer House 38 Bow Lane London EC4M 9AY T: +44 (0) 207 236 1177 | M: +44 (0) 7976 749 561 | F: +44 (0) 207 236 1188 | www.sbmf.co.uk



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